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New York, NY -- (SBWIRE) -- 04/08/2013 -- StockRunway.com issues Trader’s Alert on – F5 Networks, Inc (NASDAQ:FFIV), Zynga Inc’s (NASDAQ:ZNGA)
F5 Networks, Inc (NASDAQ:FFIV) stock tumbled to record high in over 2 years after the company announced preliminary quarterly profit and revenue that failed to meet its estimate as North American sales tumbled.
Shares of data-management equipment maker fell 19% to settle at $73.21 in New York and marked the major one-day drop since January 2011. Shares of the company have plunged 25% current year, as the Standard & Poor’s 500 Index hiked 8.9%.
What was the Moving Force behind FFIV On Bullish Run? Read This Research Report on FFIV
F5 Networks announced sales in the latter segment plunged considerably during its fiscal Q2 that finished March 31.
The company further added that preliminary profit without costs like stock-based reward was $1.06 to $1.07 per share.
The San Francisco-based Zynga Inc’s (NASDAQ:ZNGA) CEO Mark Pincus cut his salary to $1 and opted not to get a cash bonus or equity compensation in year 2013 as the social network game maker looks to lower costs. Mark Pincus founded the social network game maker in 2007.
The world’s biggest social-game maker reported in the filing on Friday that chief executive salary change took effect April 1.
The company filing also shows that chief executive officer Mark Pincus received $1.68 million in 2011, comprising a salary of $300,000 and a bonus of $3,750.
How Should Investors Trade ZNGA Now? Don’t Miss out a Special Trend Analysis
Zynga chief is shattering costs comparing his own salary as the company struggle to keep up with consumers shifting to mobile-based games.
Shares of Zynga plunged 2.3% to settle at $3.45 in New York, leaving the shares down 66% since the company’s IPO in December 2011.
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