Zynga +5.7%; UBS bullish following talk with CFO

|About: Zynga (ZNGA)|By:, SA News Editor

After meeting with new CFO David Lee yesterday, UBS is upbeat about Zynga's (ZNGA) mid-term and long-term outlook.

UBS: "We believe our core investment case (improved bookings growth, margin leverage from growth/cost cuts, & greater mobile focus) remains intact, and we expect Zynga to remain a beat/raise story going forward."

Shares fell hard last Thursday following CEO Don Mattrick's BofA/Merrill conference talk. They currently go for just 2.1x 2014E sales and 1.7x 2015E sales exc. cash/investments.