DIS - Glu Mobile: Big Break-Through Quarter
The market didn't like the initial review of the Q2 results from Glu Mobile (GLUU), but the numbers set the company up for a strong future and a higher stock price. Not only did the company generate strong revenue from a new game release for the first time in years, but also Glu Mobile broke quarterly bookings records by a large market. My investment thesis remains highly bullish on the stock below $9 as the market sweats the sequential decline in bookings forecast for Q3.
Image Source: Glu Mobile website
Bookings Surge
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