Why Zynga (ZNGA) Stock Is Down in After-Hours Trading Today

NEW YORK (TheStreet) -- Zynga (ZNGA) was falling 11.3% to $2.59 after-hours Thursday after missing analysts' estimates for revenue in the second quarter.

For the second quarter Zynga broke even on earnings, meeting analysts' expectations. Revenue fell 33.6% to $153.2 million for the quarter. Analysts surveyed by Thomson Reuters expected revenue of $191.2 million for the quarter.

Zynag said it had 29 million daily active users in the second quarter, down from 39 million in the year-ago quarter. Montly active users fell to 130 million from 187 million in the second quarter of 2013.

Must read: Warren Buffett's 25 Favorite Stocks

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

TheStreet Ratings team rates ZYNGA INC as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:

"We rate ZYNGA INC (ZNGA) a SELL. This is driven by several weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its unimpressive growth in net income, weak operating cash flow and generally disappointing historical performance in the stock itself."

ZNGA ChartZNGA data by YCharts

If you liked this article you might like

Now You're Hearing Apple Roar: Market Recon

Apple Rally Could Boost Dow to 22,000 - 5 Things You Must Know Before the Market Opens

Tesla and Apple Better Deliver Big-Time or Look Out Below -- Week Ahead

Midday Report: SiriusXM Makes Pandora Investment; U.S. Stocks at New Records

Zynga Stock Jumps on Morgan Stanley Upgrade