Orlando, FL -- (SBWIRE) -- 10/15/2013 -- 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 Zynga Inc(NASDAQ:ZNGA), Pandora Media Inc (NYSE:P).
Zynga Inc(NASDAQ:ZNGA) shares declined 1.66% to $3.55. The company will hold a conference call to discuss financial results for its third quarter on Thursday, October 24, 2013, at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time), following the release of its financial results after the close of market.
Additionally, the company on Sept. 30 settled a lawsuit against the maker of “Bang With Friends,” a casual sex Internet application, alleging infringement of Zynga’s trademark for its “with friends” family of games. Lawyers for the two companies asked a federal judge to dismiss the case in light of the settlement, according to a filing today in federal court in San Francisco.
Are investors worried about the recent updates with ZNGA? Find out with a free trend analysis HERE
Pandora Media Inc (NYSE:P) shares increased 0.40% to $25. Investment analysts at Cowen and Company raised their price target on shares of Pandora Media from $23.00 to $29.00 in a note issued to investors on Oct. 14. The firm currently has an “outperform” rating on the stock.
Additionally, the company on Oct. 2 announced new metrics that were reached in the month of September 2013. Listener hours for Pandora during the month of September 2013 were 1.36 billion, an increase of 18% from 1.15 billion during the same period last year. Active listeners were 72.7 million at the end of September 2013, an increase of 25% from 58.3 million during the same time period last year.
Is P going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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