Glu Mobile Inc. (NasdaqNM:GLUU)
designs, markets and sells mobile games. The Company has developed and
published a portfolio of action/adventure and casual games designed to appeal
to a cross section of the users of Smartphones and tablet devices who purchase
its games through direct-to-consumer digital storefronts, as well as users of
feature phones served by wireless carriers and other distributors. It creates
games based on its own original brands, as well as third-party licensed brands.
Its original games include Big Time Gangsta, Blood & Glory, Bug Village,
Contract Killer, Contract Killer: Zombies, Eternity Warriors, Frontline
Commando, Gun Bros, Men vs. Machines, Stardom: The A-List, Super K.O. Boxing
and Toyshop Adventures. On August 2, 2011, the Company completed the
acquisition of Griptonite, Inc. On August 1, 2011, it completed the acquisition
of Blammo Games Inc. In August 2012, it acquired GameSpy Technology from IGN
Entertainment.
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Glu Mobile Inc. (NasdaqNM:GLUU)
reported EPS of -0.415. For the Current Fiscal year, the company is expected to
report EPS of -0.04. For the Next Quarter and Next Year, the company is
expected to report EPS of 0.03 and 0.17 respectively. At
Current Market Price, GLUU is in distance of -26.66% from its 50-day Moving
Average price of $4.5951 and -28.92% from its 200-day Moving Average price of
$4.7414.
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Glu Cellular Inc. GLUU +16.61%
saw its stocks leap nearly 11% to $3.20 on Saturday day following information
that an investment investment company run by one of the organization's
administrators made a significant buy of the mobile activity organization's
stocks, more than increasing its holdings. A processing delayed Saturday indicated
that GGV Capital, whose associate Hany Zilch rests on Glu's panel, purchased
about 3.24 thousand stocks through a 10b5-1 plan. The stocks were purchased at
a price of $3.05. Glu's inventory had sold more than 28% since the first of the
7 days. On Wednesday, the organization cautioned that several of the games it
released in the third one fourth "underperformed our objectives." The
organization managed it before financial assistance for the interval. "It
seems to be that the inventory dropping to the $3.25 level is what activated
the buys and GGV's competitive
purchasing thereafter -- as the inventory ongoing to drop over the next two
days.
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If you are new to the cellular
program area, or to Glu Mobile itself, you may not know that the organization
was far from the up and comer that it currently is. Just three decades ago it
was a washed-up value promoting for 23 pennies a discuss. If you'd had the
abdomen to buy Glu during those black times of 2009, you'd have yourself a 15
bagger.
