Analyst: Mattrick's Zynga move little reason for optimism

Responding to yesterday's news of Don Mattrick's departure as Microsoft entertainment head to become CEO of Zynga, equity research firm Cowen remains cautious about Zynga (ZNGA)'s outlook.

"As [Mattrick] is a console veteran, we are not sure how much Mattrick's experience will benefit Zynga," says Cowen analyst Doug Creutz in a company update. "Zynga [is] a business in desperate need of a radical turnaround, while competitors such as King, Kabam, Supercell, and even EA (where we would have been much less surprised to see Mattrick land) are busy pushing ahead rapidly on mobile platforms."

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