Orlando, FL -- (SBWIRE) -- 09/04/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On Terex Corporation (NYSE:TEX), Zynga Inc(NASDAQ:ZNGA).
Terex Corporation (NYSE:TEX) shares declined 2.48% to $28.28. Equities research analysts at UBS AG hoisted their price target on shares of Terex Corp. from $21.00 to $30.00 in a research note issued to investors on August 22. The firm currently has a “neutral” rating on the stock.
Additionally, the company issued its quarterly earnings data on July 24. The company reported $0.55 EPS for the quarter, meeting the consensus estimate of $0.55. The company had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter in the prior year, the company posted $0.75 earnings per share. The company’s quarterly revenue was down 5.1% on a year-over-year basis. On average, analysts predict that Terex Corp. will post $2.00 earnings per share for the current fiscal year.
Are investors worried about the recent updates with TEX? Find out with a free trend analysis HERE
Zynga Inc(NASDAQ:ZNGA) shares fell 2.75% to $2.83. Wible initiated coverage on Zynga on August 20 with a sell rating, citing “concerns around the next generation game cycle, casual user fatigue, competition, and marketing constraints/pressure.”
Additionally, Zynga on August 30 has announced the biggest ever game play update to its flagship title, Farmville 2. The so called “Appaloosa River” expansion will be rolled out to players of the social game for free in September. Following the Zynga Inc (NASDAQ:ZNGA) “freemium” strategy, the expansion will be available to players early if they’re willing to spend on it.
Moreover,the company on August 13 announced the departure of several senior executives, including Chief Operating Officer David Ko, as part of a management shake-up under new Chief Executive Don Mattrick. The house cleaning comes a little more than a month after Mattrick, a former Microsoft Corp executive, was named Zynga CEO on July 3 and tasked with turning around the struggling game maker.
Is ZNGA going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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