Zynga Shares Trading Higher Ahead of Fourth-Quarter Earnings

Zynga is trading higher this morning after an analyst upgraded the company’s stock to “buy.” The social games company will report fourth-quarter earnings this afternoon. The stock was up nearly 6 percent to $2.70 a share after Bank of America/Merrill Lynch said it was more optimistic about the company’s performance and investors’ increased appetite for public companies with developing businesses models. The company is expecting earnings of up to $162 million before some expenses on quarterly bookings of up to $1.1 billion.


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I think the NSA has a job to do and we need the NSA. But as (physicist) Robert Oppenheimer said, “When you see something that is technically sweet, you go ahead and do it and argue about what to do about it only after you’ve had your technical success. That is the way it was with the atomic bomb.”

— Phil Zimmerman, PGP inventor and Silent Circle co-founder, in an interview with Om Malik