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News Breaks
October 9, 2012
09:46 EDTGLUUGlu Mobile mentioned cautiously at Northland Securities
Northland Securities made cautious comments on Glu Mobile following conversations with management. The analyst believes management is disappointed with Q3 game launches, which will likely limit smartphone revenue estimate upside.
News For GLUU From The Last 14 Days
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July 31, 2014
11:18 EDTGLUUGlu Mobile downgraded to Hold from Buy at Benchmark Co. (pre-open)
Benchmark Co. downgraded Glu Mobile to Hold before the market opened with a $6.74 price target following the company's Q2 results.
08:06 EDTGLUUGlu Mobile price target raised to $8 from $5.50 at Canaccord
Canaccord raised its price target on Glu Mobile to $8 from $5.50 following its Q2 results, citing strong bookings, strength from existing games, and its acquisition of Cie Games. The firm feels momentum will continue as several games are scheduled for the second half of the year and keeps its Buy rating on the stock.
July 30, 2014
18:54 EDTGLUUOn The Fly: After Hours Movers
UP AFTER EARNINGS: VistaPrint (VPRT), up 20.6% after reporting better than expected quarterly results and guiding fiscal 2015 higher than analyst estimates... Mobileiron (MOBL), up 16.5%... LivePerson (LPSN), up 10.6%... Equinix (EQIX), up 1.1%... Whiting Petroleum (WLL), up 1.2%. DOWN AFTER EARNINGS: Glu Mobile (GLUU), down 9.9% after reporting second quarter results and that it will acquire Cie Games for $100M in cash and stock... ServiceNow (NOW), down 5.8%... Akamai (AKAM), down 5.3%... Westell Technologies (WSTL), down 7.5%... Solazyme (SZYM), down 4%... Whole Foods (WFM), down 3.4% after reporting third quarter results and guidance for the fourth quarter and fiscal 2014... Kraft Foods (KRFT), down 1.6%... Lam Research (LRCX), down 1.6%... Yelp (YELP), reverses in after-hours trading and shares are down marginally after reporting a decline in newly added businesses. ALSO LOWER: Penn Virginia (PVA), down 2.1% after announcing that it has sold Eagle Ford Shale acreage rights for $150M... Yum! Brands (YUM), down 5.6% after saying that OSI had a "significant, negative impact" to its sales in China.
16:34 EDTGLUUGlu Mobile acquires Cie Games for $100M in cash, stock
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16:32 EDTGLUUGlu Mobile sees 2014 EPS 17c-21c, consensus 12c
Sees 2014 revenue $222M-$232M, consensus $184M.
16:32 EDTGLUUGlu Mobile sees Q3 EPS 9c-11c, consensus 5c
Sees Q3 revenue $80M-$85M, consensus $51M.
16:31 EDTGLUUGlu Mobile reports Q2 EPS (2c), consensus (4c)
Reports Q2 revenue $35M, consensus $34M.
July 25, 2014
14:08 EDTGLUUGlu Mobile August volatility elevated into Q2 and outlook
Glu Mobile August call option implied volatility is at 90, September is at 74, January is at 63; compared to its 26-week average of 75 according to Track Data, suggesting large near term price movement into the expected release of Q2 results on July 30.
July 21, 2014
13:44 EDTGLUUGlu Mobile price target raised to $10 from $6 at Cowen
Cowen increased its price target on Glu Mobile as the firm hiked its FY14 EPS estimate for the company to 26c from 3c. Most of the increase will be reflected in the company's Q3 results, Cowen stated. The firm said it was raising its estimates based on the strong performances of two of the company's new games, Kim Kardashian: Hollywood and Dino Hunter: Deadly Shores. Cowen continues to identify the stock as its top overall idea and kept an Outperform rating on the shares.

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