Glu Mobile: More Staying Power
- Glu Mobile produced Q2 '15 numbers above analyst estimates.
- The mobile game developer continues to see strong staying power from the top franchises.
- The stock is incredibly cheap at less than 2x 2016 revenue estimates set to rock higher based on games slipping from 2015.
Each and every quarter, Glu Mobile (NASDAQ:GLUU) produces improving results while the market focuses on the quarter to quarter game releases. After reporting a solid Q215 beat, the stock is trading down based on some disappointing short-term guidance that doesn't impact long-term expectations.
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