Boston, MA 02/19/2014 (wallstreetpr) – Zynga Inc. (NASDAQ:ZNGA) might have faced its biggest challenge in 2013 fiscal year which saw its shares deep in the market raising concerns of its future in Wall Street. Things look set, to change in F2014 as the company continues to position it with acquisitions meant to bolster its declining earnings.
The first month of the New Year is a clear example of a company on a bounce, as the company posted smaller than expected net losses for its fourth quarter, for the period ending December 31, 2013. Its stock started rising in the market soon after the company announced it was planning to cut 15% of its workforce in a bid to improve on its operating costs.
Zynga Acquisition of NaturalMotion
The acquisition of the gaming company NaturalMotion seem to have done enough to catch the attention of analysts and investors cementing the company’s dream of a far better F2014 in terms of revenue collection. With NaturalMotion in its ranks, things could turn out for the better, sooner than later, as the company strives for a good financial year in terms of cash flow. Zynga NaturalMotion buying according to the company’s chief could give it the much needed footing in the all lucrative and important mobile gaming space.
Zynga Inc. (NASDAQ:ZNGA) Chief executive officer Don Mattrick has done more than enough to try and change the fortunes of the ones ailing social game and services provider as the company is set to record growth in its revenue and profits. There is a lot of optimism in the industry the company’s stock could rise past the initially set $6 mark, if it continues with strategic strategies aimed at attracting more consumers. The 15% job cuts are expected to save the company between $33 and $35 million in the year.
Zynga Inc. (NASDAQ:ZNGA) closed Tuesday trading session upbeat, closing the day at highs of $5.15 a share an improvement of 5.75%
