Benchmark Downgrades Glu Mobile (GLUU) to Hold
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Go back to Benchmark Downgrades Glu Mobile (GLUU) to Hold
July 31, 2014 8:11 AM EDT
Northland 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
July 30, 2014 4:12 PM EDT
Glu Mobile, Inc. (NASDAQ: GLUU) reported Q2 EPS of ($0.02), $0.02 better than the analyst estimate of ($0.04). Revenue for the quarter came in at $40.9 million versus the consensus estimate of $33.24 million.
The company signed definitive agreement to acquire Cie Games, owner and operator of the current top grossing racing game on the App Store and Google Play in the... More
