Zynga Inc (ZNGA)

[Trevor11]

ZNGA: BUY CANDIDATE (UPGRADE).






ZYNGA'S TECHNOLOGY, MORPHEME AND EUPHORIA TOOLS HAVE BEEN USED IN TRIPLE-A GAME DEVELOPMENT

FOR A NUMBER OF YEARS, INCLUDING ROCKSTAR'S ADVANCED GAME ENGINE (RAGE).




Zynga Inc. Stock Analysis
Technical stock analysis for Wed 11'th Oct 2017 …

PERIOD 2017-07-12 - 2017-10-11

Evaluation
Zynga Inc. holds several negative signals and this should give a sell recommendation, but due to the general chance for a turnaround situation we recommend to hold or accumulate whilst awaiting for further development. WE HAVE UPGRADED OUR RECOMMENDATION FOR THIS STOCK SINCE LAST EVALUATION FROM A HOLD/ACCUMULATE TO A BUY CANDIDATE.


Source:
https://stockinvest.us/technical-analysis/ZNGA





OCTOBER 12TH 2017 AT 8:57AM

The office is to be closed as part of Zynga closing its commercial technology licensing arm, according to Pocket Gamer
It is reported by website Pocket Gamer that NaturalMotion Oxford is to be closed down by publisher Zynga.
A statement has reportedly been given to the website by Zynga that indicates the technology division of the company is being closed down and game development teams relocated. "As part of that work, in Q2 we wound down our third-party licensing and middleware businesses in Oxford, and today, after further review of that location, we’re announcing a proposal to close our Oxford office," the statement said.

"MUCH OF THE WORK DONE IN OUR OXFORD OFFICE CURRENTLY SUPPORTS PRODUCTS IN DEVELOPMENT IN OUR BRIGHTON AND LONDON LOCATIONS, SO WE SEE AN OPPORTUNITY TO REDEPLOY AND INCREASE OUR TALENT IN THOSE STUDIOS."

Zynga had previously announced its intention to refocus its efforts away from licensing its technology. Its Morpheme and Euphoria tools have been used in triple-A game development for a number of years, including Rockstar's Advanced Game Engine (RAGE).

The Oxford office is the central location for technology according to the NaturalMotion website, as well as housing small game development teams. NaturalMotion currently develops free-to-play titles such as CSR Racing, its sequel CSR 2 and Dawn of Titans. The developer was acquired by mobile publisher Zynga in 2014 for $527 million.


Source:

www.develop-online.net/news/zynga-owned-naturalmotion-oxford-to-be-shut-down-says-reports/0236250