Glu Mobile, Inc. (GLUU) Posts Narrower-than-Expected Q2 Loss of 2c/Share; Will Acquire Cie Games
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Glu Mobile (GLUU) PT Raised to $9.50 at Northland Capital Markets on 'Beat and Raise' Q2
July 31, 2014 8:11 AM EDTNorthland Capital Markets analyst Darren Aftahi reiterated an Outperform rating and bumped his price target on Glu Mobile (NASDAQ: GLUU) to $9.50 (from $9.00) following 'beat and raise' Q2 results and what he calls 'conservative guidance'.
Aftahi comments, "For the third quarter in a row, GLUU easily beat top and bottom-line estimates. The company also... More
Benchmark Downgrades Glu Mobile (GLUU) to Hold
July 31, 2014 7:20 AM EDTBenchmark downgraded Glu Mobile (NASDAQ: GLUU) from Buy to Hold with a price target of $6.74 (from $7.93) following Q2 results that mildly beat the Street. The downgrade comes amid de-acceleration for the Kim Kardashian game and dilution related to the Cie acquisition.
Analyst Mike Hickey said, "We... More
