GLUU - This Mobile Gaming Stock Could Score Big for Investors
When talking about mobile gaming, Glu Mobile (NASDAQ: GLUU) is often overshadowed by its bigger rival, Zynga , but the former has built popular franchises and produced compelling growth numbers.
Unfortunately for the stock, the company has failed to fully tie its rising fortunes to its share price. The stock is still down nearly 25% since falling short of market expectations for its second-quarter earnings. However, the fundamentals indicate the stock is undervalued -- let's take a closer look.
Glu Mobile tapped into the potential of mobile gaming early, a market that has grown so quickly that console and PC-focused developers like Activision Blizzard , Electronic Arts , and Take-Two Interactive have also moved to embrace mobile gaming in the past several years.
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This Mobile Gaming Stock Could Score Big for Investors