Zynga Inc (NYSE: ZNGA), a provider of social game services, will announce its third quarter 2013 report on, October 24. The company is expected to post earnings per share above the estimates. According to analysts, Zynga will also continue with its cost-cutting plans in 2014.
The company is reportedly bucking broader towards the market’s high path. No matter the call players have been flocking towards the stocks, there has been an increase in the intraday norm and has also managed to double the number of puts traded in a day. Going deeper in the data made available, there has been a large number of calls which have crossed the weekly 10/25 4 strike. Most of the calls have been put at the ask price of the company. This has managed to get the attention of more and more investors as it is an exciting deal to crack.
By purchasing the calls to open, there are traders who are counting on the stocks of Zynga which are trekking higher ahead of the closing. Talking about the security, it has also advanced for about 56% so far this year. This has managed to gain the attention and trust of more and more players. Due to this it has proved to be a success for Zynga as the calls to put has also increased.
Founded in the year 2007, Zynga Inc has its headquarters located in San Francisco, California. Basically, this company helps in development of various different kinds of social games which stand alone on the mobile phone platforms such as Android and Apple iOS and also on the internet on their own website. Zynga also provides social games for various social networking websites such as Tencent, Google + and Facebook. The mission of this company is connecting the world through games and brings forward the best games which can be played by the people who love meeting new people.