Markets

The Zacks Analyst Blog Highlights: SINA, Scientific Games, Zynga, International Game Technology and Glu Mobile - Press Releases

For Immediate Release

Chicago, IL - March 16, 2015 - Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include the SINA Corp. ( SINA - Free Report ), Scientific Games Corp. ( SGMS - Free Report ), Zynga, Inc. ( ZNGA - Free Report ), International Game Technology ( IGT - Free Report ) and Glu Mobile, Inc. ( GLUU - Free Report ).

Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free .

Here are highlights from Friday's Analyst Blog:

Video Game Stock Roundup

Video game stocks failed to show any improvement over the last 5 sessions probably due to the absence of any major event. Some of the highlights for the past week were the earnings results released by SINA Corp. ( SINA - Free Report ) and Scientific Games Corp. ( SGMS - Free Report ) and Zynga, Inc.'s ( ZNGA - Free Report ) plan to launch Dawn of Titans which led to a decent rise in its share price.

Top Stories Over the Last Week

1. Zynga's subsidiary, NaturalMotion, recently announced that the much-awaited game Dawn of Titans will be launched by 2015-end. Dawn of Titans , an action packed fantasy strategy game, is primarily designed for iPhone and iPad users. This led to a significant rise in Zynga's share price, despite the overall bearish momentum in the market. (Read more: Zynga's NaturalMotion to Launch 'Dawn of Titans,' Shares Up )

2. SINA Corp. reported fourth-quarter 2014 earnings of 10 cents per share, missing the Zacks Consensus Estimate of 15 cents by 33.3%. Earnings also declined from 11 cents reported in the year-ago quarter. Revenues, on the other hand, increased 7% year over year to $211.1 million but came in line with the Zacks Consensus Estimate. Non-GAAP revenues of $208.5 million were also within management's guidance range of $204-$210 million. (Read more: SINA Misses Q4 Earnings Estimates, Revenues In Line )

3. Scientific Games reported fourth-quarter results on Mar 11. The company incurred loss per share of 55 cents, narrower than the Zacks Consensus Estimate of 61 cents loss. In addition, the company's revenues of $586 million beat the Zacks Consensus Estimate of $478 million.

4. On Mar 9, International Game Technology ( IGT - Free Report ) announced that one of its lucky players won $1.2 million jackpot at the Riverside Resort Hotel & Casino on Feb 28 from its popular Wheel of Fortune, Casino Slot game. The latest jackpot represented the second million-dollar-plus jackpot paid at the Riverside Resort since Dec 2014.

5. Glu Mobile, Inc. ( GLUU - Free Report ) announced that on Feb 10, its Compensation Committee awarded restricted stock units covering an aggregate of 47,900 shares of Glu's common stock to 10 newly hired employees in keeping with its Equity Inducement Plan. Glu's Compensation Committee initiated the plan in 2008, a non-stockholder approved plan, to grant equity awards as an inducement material to new employees.

Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free .

About Zacks Equity Research

Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.

Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.

Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today .

About Zacks

Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978. The later formation of the Zacks Rank, a proprietary stock picking system; continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros .

Get the full Report on SINA - FREE

Get the full Report on SGMS - FREE

Get the full Report on ZNGA - FREE

Get the full Report on IGT - FREE

Get the full Report on GLUU - FREE

Follow us on Twitter: http://twitter.com/zacksresearch

Join us on Facebook: http://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts

Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.

Media Contact

Zacks Investment Research

800-767-3771 ext. 9339

support@zacks.com

http://www.zacks.com

Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

SINA CORP (SINA): Free Stock Analysis Report

SCIENTIFIC GAME (SGMS): Get Free Report

ZYNGA INC (ZNGA): Free Stock Analysis Report

INTL GAME TECH (IGT): Free Stock Analysis Report

GLU MOBILE INC (GLUU): Free Stock Analysis Report

To read this article on Zacks.com click here.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

ZNGA GLUU IGT SINA SGMS

Other Topics

Stocks