Cowen maintained an Outperform rating on Glu Mobile (NASDAQ: GLUU), and cut the price target to $8.00 (from $10.00), following Q2 earnings results. Non-GAAP revenue of $57.5MM was ahead of consensus $51.5MM. Non-GAAP EPS of $0.01 beat -$0.04 consensus.

Analyst Doug Creutz commented, "Glu reported solid upside to Q2 guidance and our estimates. However, the company reduced FY EBITDA guidance due to a couple underperforming titles, slipped release dates, and incremental costs. We continue to like shares, however we are lowering estimates today, and hence also our PT ($10 to $8). Reiterate Outperform rating."

For an analyst ratings summary and ratings history on Glu Mobile click here. For more ratings news on Glu Mobile click here.

Shares of Glu Mobile closed at $5.67 yesterday.

Analyst Comments Analyst EPS Change Analyst EPS View Analyst PT Change

Glu Mobile (GLUU) Numbers Trimmed at Piper Jaffray Post Q2; 'Overweight' MaintainedAugust 5, 2015 12:30 PM Benchmark Cuts Price Target on Glu Mobile (GLUU) Following 2Q Results and Guidance August 5, 2015 9:31 AM After-Hours Stock Movers 08/04: (USNA) (CHUY) (Z) Higher; (ETSY) (TRMB) (GLUU) (DIS) Lower (more...)August 4, 2015 6:01 PM Glu Mobile (GLUU) Tops Q2 EPS by 5c, Guidance Falls ShortAugust 4, 2015 4:12 PM Glu Reports Second Quarter 2015 Financial ResultsAugust 4, 2015 4:10 PM Glu Partners with Jason Statham to Launch its First Action-Centric Celebrity GameAugust 4, 2015 4:07 PM Glu Partners with Hip-Hop Mogul Nicki MinajAugust 4, 2015 4:05 PM Trading Radar for 8/4: Zillow (Z), Archer Daniels (ADM), Hyatt Hotels (H), Kellogg (K), Sprint (S), Mosaic (MOS) ReportAugust 3, 2015 3:16 PM