One of the best ways to spot opportunity is by paying attention to up and coming small cap stocks with catalysts and a hot story like this.
Glu Mobile (GLUU) is one of those stocks.
Glu is the company that develops, publishes, and markets a portfolio of free-to-play mobile games for the users of smartphones and tablet devices. The company publishes titles in four genres, including home décor, sports and action, fashion and celebrity, and time management. It creates games based on its own brands, including Contract Killer, Cooking Dash, Covet Fashion, Deer Hunter, Design Home, and QuizUp.
Granted, recent earnings were nothing to write home about.
It delivered a profit that fell short of expectations. Sales of $98.2 million beat estimates for $96.3 million. However, adjusted EPS was three cents, missing estimates for seven years.
While the stock pulled back slightly on the news, we believe it’s a temporary setback.
To Profitable Trades,
Stock Wire News
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