Zynga Climbs as SunTrust Starts Coverage With Buy Rating
Zynga Climbs as SunTrust Starts Coverage With Buy Rating
He said that he expects the company to see upside to consensus expectations over the next several years.Shares of Zynga( ZNGA ) - Get Reportclimbed 2.9% to $6.45 Tuesday after an analyst with SunTrust initiated coverage of shares of the gaming company with a buy rating and a $7.50 share price target.
Analyst Matthew Thornton said in a note to investors that the San Francisco-based company, which owns such franchises as Empires & Puzzles, Merge Dragons, and Words With Friends, "provides pure-play exposure to the large and fast growing global mobile game market" with a growing and diversified game portfolio and "highly experienced management team and Board."
分析師馬修·桑頓(Matthew Thornton)在一份致投資者的報告中表示，這家總部位於舊金山的公司擁有《帝國與謎題》(Empires&Puzzles)、《合併的龍》(Merge Dragons)和《老友記》(Words With Friends)等特許經營權，憑藉不斷增長和多樣化的遊戲組合以及“經驗豐富的管理”，“為龐大而快速增長的全球手機遊戲市場提供了純粹的曝光率”團隊和董事會。“
"In addition to a healthy existing portfolio, ZNGA has a strong pipeline (at least 7 games, including FarmVille, Harry Potter, Star Wars, Game of Thrones, and others) as well as a strong balance sheet (>$1.4b in cash) and acquisition track record (Small Giant, Gram Games) to augment organic growth with M&A in what is a highly fragmented market," Thornton said.
桑頓説：“除了健康的現有投資組合，ZNGA還擁有強大的流水線(至少有7款遊戲，包括FarmVille、Harry Potter、Star Wars、Thrones等)，以及強勁的資產負債表(>14億美元現金)和收購記錄(Small Giant，Gram Games)，以在這個高度分散的市場通過併購來促進有機增長。”
He said that he expects the company to see upside to consensus expectations over the next several years.
他説，他預計公司在未來幾年將看到共識預期的上升。
Nearly 100% of Zynga’s pro forma growth in the third quarter came from titles that were acquired under the current leadership team during the past two years, Thornton said, adding he believes mergers and acquisitions are one of Zynga's core competencies.
桑頓説，Zynga第三季度預計增長的近100%來自過去兩年在現任領導團隊的領導下收購的遊戲，並補充説，他認為併購是Zynga的核心能力之一。
Thornton said he expects inorganic growth to remain a core piece of Zynga's strategy.
桑頓説，他預計無機增長仍將是Zynga戰略的核心部分。
"Our own conversations with private mobile game publishers suggest to us that a sale to Zynga (under the current team) is generally viewed as a desirable outcome," he said.
他説：“我們自己與私人手機遊戲發行商的談話表明，出售給Zynga(在目前團隊的領導下)通常被視為一個理想的結果。”
He also said a potential risk facing the company could be rising user acquisition costs.
他還表示，該公司面臨的一個潛在風險可能是不斷上升的用户獲取成本。
譯文內容由第三人軟體翻譯。
