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Thanks dav1234! Just added ENT $9.51 +.10 on this bullish article comparing it very favorably to big mover GOGO:
..
Forget Gogo: This Cheaper Stock Offers 60% Upside
StreetAuthority NetworkBy Marshall Hargrave | StreetAuthority Network – 9 hours ago..
GOGO 17.51 +0.57
ENT 9.50 +0.0900
These days Wi-Fi has become a necessity, a part of our everyday lives that we just can't live without. That demand is now being seen in the friendly skies, as fliers prefer a Wi-Fi connection to amenities such as more legroom or better food.
Carriers are taking note, and one company that stands to benefit from this trend is Global Eagle Entertainment (Nasdaq: ENT).
Global Eagle provides airline passengers with Internet access, live television, video content, shopping and travel information. Its in-flight services have been installed on more than 500 aircraft, covering both land and sea. Through its subsidiary Advanced Inflight Alliance (AIA), Global Eagle provides film and television content, games and applications to more than 130 airlines worldwide.
Big Tailwinds
One of the big tailwinds for Global Eagle is that a Federal Aviation Administration panel just endorsed Wi-Fi as safe for all portions of flights. The panel's recommendations would lift the restrictions on the use of certain handheld devices below 10,000 feet. Only ground-based cellular connections for voice and data would be prohibited. Passengers would be allowed to access their email and the Internet during all phases of a flight, but only through the carrier's Wi-Fi system.
This would be give a distinct advantage to Global Eagle over the largest Wi-Fi provider, Gogo (Nasdaq: GOGO), which provides Wi-Fi services for roughly 75% of the commercial aircraft in the U.S. but relies on cellular towers for its services below 10,000 feet. Global Eagle's services are satellite-based and do not rely on cellular towers. The new recommendations would give a huge competitive advantage to Global Eagle because the FAA currently prohibits the use of Wi-Fi services below 10,000 feet.
Since StreetAuthority expert Andy Obermueller wrote about Gogo a couple of months ago, GOGO is up over 60%. Global Entertainment has the potential to reward shareholders just as nicely.
The market for Global Eagle's services is expected to grow from roughly $700 million last year to an estimated $2.1 billion by 2017. Expected to drive that growth is the rise of international carriers from market leaders Boeing (NYSE: BA) and Airbus, particularly in China. Global Eagle gets 60% of its revenue internationally and only 40% from the U.S. -- but while the U.S. in-flight connectivity penetration rate is 43%, the international penetration rate is only 4%, making the international market the biggest opportunity for Global Eagle.
As a result, analysts expect Global Eagle to post revenue of $263 million for this year and $340 million next year. Earnings are expected to rise from a loss of $1.05 a share this year to a profit of $0.66 a share next year.
Diverse Revenue Streams, Strong Management
Global Eagle has multiple revenue sources. In the second quarter, its largest revenue source was the sale or licensing of content, video and music programming, applications and video games, good for $38 million. Next were Wi-Fi, TV, Video on Demand, shopping and travel-related applications at $12 million. Third was the sale of satellite-based connectivity equipment at $6.4 million. Finally, Global Eagle brought in $5.7 million for technical services such as encoding and editing of media content.
Formed by former MGM CEO Harry Sloan and CBS Entertainment President Jeff Sagansky earlier this year, Global Eagle has a strong management team, which has been helpful in securing content and gaining licenses for TV and film distribution. The company is the exclusive distributor for Lionsgate/Summit Entertainment content, and it has secured Asian, Bollywood, European and Middle Eastern content for its in-flight entertainment offerings.
One of Global Eagle's most exciting initiatives is the launch of its new portal, which it's calling Portal 2.0. This new portal offers improved advertising features. The company has a captive audience with the passengers stuck in their seats, which it can leverage by hitting them with targeted advertising. There's no TiVo on board, so passengers can't skip ads -- and Global Eagle gets to collect the advertising dollars from targeted ads.
Global Eagle's closest comparison is Gogo, which trades at a price-to-sales ratio of 5.3 and a price-to-book ratio of 4.7, compared with Global Eagle at 3.7 and 2.6, respectively. Global Eagle is expected to be profitable next year, while Gogo is not. Global Eagle has the stronger balance sheet, with only $8 million in debt, while Gogo has $245 million. Which raises the question: Why is Gogo worth three times Global Eagle in terms of market cap?
Risks to Consider: The biggest risk for Global Eagle is that satellite providers partner with the airlines and offer their own Wi-Fi and content packages. Over time, expect additional competitors to emerge, but right now Global Eagle has a very strong position in the market.
Action to Take --> Buy Global Eagle for upside to $15. The airline industry is growing rapidly, and fliers want Internet connectivity, especially on long-haul flights. Global Eagle is one of the best opportunities that combines media, entertainment and technology for airlines.
All the best today....my GLUU is getting kicked today but I'll show great patience with it...tuna
Thanks a lot dav1234 for the piece on GLUU!! It is my best winner of late. And I noticed on the message board (if correct...I don't know how to confirm it) that GLUU's big hit Deer Hunter 2014 is now big in China: "DH14 ranked No.1 in China both playing and grossing- Oct 17
.
Based on Mac Top Chart- China games on Oct. 17, 2013, DH14 jumped to no.1
GLUU has an office in China. Not sure how much daily revenue it can generate?"
Thrilled with the news on the new price target of $4 and I would tend to believe this is accurately reported on DH 2014 ranking in China also. tuna
So true re: bios popping! I was glad to see Zack's today come out with calling CNDO in oversold (I guess oversold...hahaha)and rated a "buy"....good luck today!! tuna
Maybe worth a look...GLUU $3.09 -.02 hit $3.35 on big volume today as the game maker is drawing a lot of attention with it's Deer Hunter 2014 success. Trading it since the $2.50's a few weeks ago...gl to all...tuna
RE: CNDO $2.06 imploded today on pitiful results on clinical trial....I am attaching part of an article from 24/7 Wall St. here that got my attention "Now Coronado has to put all of its efforts into its CNDO-109 study. This is the other pipeline candidate, a biologic that activates natural killer cells for the treatment of acute myeloid leukemia and solid tumors. Other study indications for the TSO drug are for ulcerative colitis, multiple sclerosis, autism spectrum disorders and psoriasis.
Shortly before Noon on Monday, Coronado's shares were down a whopping 67% at $1.89, and they had traded as low as $1.73 earlier in the morning. The 52-week high is $12.70, and the new market cap is only about $60 million. The company's cash balance was almost $68 million, and its net tangible assets were $48.5 million as of June 30, 2013."
fwiw....tuna
Yes...I have been taking some gains since I first started trading GLUU in the $2.50's. I really like the news looking forward with this company though as it's not profitable now but could become in 2014. Kind of exciting possibilities in their future imho. Thanks...tuna
Watch GLUU $3.17 +.17 on this news:
GLUU
The Emerging U.S. Online Gambling Market Distracts Glu Mobile Investors at Seeking Alpha02:33am EDT
GLUU
Glu Mobile upgraded by B. Riley & Co. Briefing.com12:49am EDT
Lucky to be my largest holding....tuna
Nice job dav...good news on my GLUU:
GLUU
The Emerging U.S. Online Gambling Market Distracts Glu Mobile Investors at Seeking Alpha02:33am EDT
GLUU
Glu Mobile upgraded by B. Riley & Co. Briefing.com12:49am EDT
added more GLUU at $3.04 to $2.74 buy a couple of weeks ago
This is a longer term hold for me. Sadly I added CNDO last week and am down big time so doubled down at $1.76 color me sick about that....UGH!!
Good luck to you and everyone today!! tuna
Out of OPHT at an average of $29.28 from average entry of $28.92 for a half k gain, but surely beats the 4k paper loss I had at the low yesterday after buying early in the day....whew! My GLUU $2.92 is looking good again and GSAT $1.41 not bad also but ERII is doing very little after a good early pop but down over a full point on it...ugh! Good luck all....tuna
Thanks for the ACAD mention...I'll add it to my trading stocks and might add back the CNDO I did well with earlier also when these bios turn higher again. Still has my head spinning at the speed of these huge drops across the sector!! tuna
Sorry about the mention dav...don't wish to go against any rules. And thank you also for the stock screener site....very interesting! This is one the most intense slams of a sector in such a brief time I've seen in a long time...YIKES!! I hope it ends soon because I don't care to take a bath in OPHT and don't like to see anyone get their heads handed to them in the market. Whenever this free fall in bios ends it might be a very strong move back back quickly too...hopefully! GL dav!!
It was an ugly day in particular for biotechs and my OPHT which was $36 high a few days ago flopped into the $25's with me adding more way too soon on the way down. Added at mid 28's and low 27's scared to add further. And took it on the chin with ERII and BLYTH again...and my favorite GLUU shot to $3.03 where I could have sold for a very nice gain BUT...I held and watched it close back down to $2.84!! UGH!! Optimistic that brighter days are ahead though. Btw, glad I didn't try any of the new IPO SFXE yesterday....dropped over a dollar below the $13 it came out for. A nasty day for me but it could have been a whole lot worse as I risked getting into a penny PCWT which I sold a day earlier for a small gain and it dropped well over 50% today w/o news??? Thankgoodness I didn't get greedy on it....but I just don't like penny stocks enough to trade them often at all. Tomorrow is another day and hopefully much better in the markets for us all. tuna
Thanks dav! After getting up about 10am I checked to see the damage and it was quite nasty for ERII BTH III and new buy OPHT. I did average down by filling a limit order placed at $29.05 on OPHT which was the LOD...but in at an average now of $29.76 on 1k and it closed at $29.06 (hit $36 2-3 days ago). The real bright spot of my biggest postion GLUU closed at $2.91 +.18 at HOD! And the GSAT closed at $1.30 from a LOD at $1.18 (tried to double down at $1.20 when I saw it back up to $1.22 but it never filled). Hope we see a much better day ahead...tuna
Yes dav...there are some stocks getting destroyed. I'll consider myself lucky if I don't find myself holding some catastrophic loss over the coming weeks/months. Hope the same for you also! I think I'll hit the sack as it's 12:45am here...catch you tomorrow or so. Have a good one....tuna
Hahaha!!! Good call dav....and thanks for the good wishes. Today has turned into a rather nasty one for most everything I'm in except GLUU. I ended up taking about a $300 loss in HIMX selling at $10.47 when I could have sold close to $11 just a few days earlier...ugh! And GSAT finally is taking it on the chin after a strong run up and I'm still in and now at a $100 paper loss on it here, plus down a bit in new buy OPHT and the III I bought a couple of days ago, but substantial paper losses on BTH and ERII. The market giveth and the market taketh. As long as it giveth more I'll continue in the game...I mean investing! :)
Nice pop on PCWT to .29's near a 52wk high of .32 on news this morning...gl to all...tuna
Thanks dav!! I was very nervous having to wait over the weekend...haha!! My GLUU is up nicely today at $2.87 +.14 and is my largest position after adding a few k shares yesterday at $2.74 and my only buy so far today is less than 1k of OPHT at an average of $30.20 after this recent IPO fell from it's new 52wk high of $36 a couple of days back. Good luck today...tuna
Watch GLUU $2.73 on this just out: •The Light At The End Of Glu Mobile's Tunnel Is Growing Brighter at Seeking Alpha(Tue 4:02AM EDT) Also still in GSAT from high $1.20's now $1.42 and have one penny PCWT .27 close that seems to performing well...if anyone knows anything on it or has comments on any of these I'd like to hear your comments! Best of luck all....tuna
My GLUU $2.73 encouraging article this morning: •The Light At The End Of Glu Mobile's Tunnel Is Growing Brighterat Seeking Alpha(Tue 4:02AM EDT). Still in GSAT from $1.28 now $1.42 after hitting $1.49 HOD yesterday. Added III at $4.08 yesterday closed $4.15 and has been very strong the last few months. My HIMX $10.61 now slightly underwater and both ERII and BTH further in the red but like my chances. Best to all...tuna
To to let you know dav...I could have done better but am happy to get a nice gain on PBPB out from 31.33 to 31.95 yesterday after enough settled funds hit to sell it all. Probably will rocket higher now of course....hahaha!! Best of luck today!
Thanks much Flobewan! In that case I'll mention GSAT $1.48 +.16 having another great day on big volume. Also thin trader FONR $8.26 +.93 on big volume for it...Down on my BTH after passing up a gain yesterday....my HIMX $11.09 +.30 involved in Google Glass plus Google took a 5-6% position in HIMX stock within the last month or two. PBPB is still up for me at 32.20 +18.20 on it's first IPO day (in at $29.99). Losing money now on ERII and down just 4 cents now on GLUU at $2.71 on my last buy, but made a nice gain on the first 4k shares I got. For anyone interested in stocks that can move quickly...most of these are good to put in a watch list imho...best of luck Flobewan!!
Thanks greenehugh and dav....I need to try to increase my IRA for retirement purposes so I trade it. Don't have enough other funds to buy stock with...haha!! I'm only on the "free" program here on IHUB so I guess I only get 3 messages a day if they haven't changed that policy. Best luck to both of you and funny idea dav on changing brokers...hahaha!!! Enjoy the rest of your Friday and all weekend!!! tuna
Hahaha!!! I'd be inclined to agree but I made a 2 other "mistakes" already and 3 is the point of consequence. So, I don't really have a choice. Another goodie for me is FONR in at $7.40 on Wed. and over $8 on these earnings...best of luck today...tuna
MELVILLE, NY--(Marketwired - Oct 2, 2013) - FONAR Corporation (NASDAQ: FONR)
•Fiscal 2013 net revenues increase 25% over 2012 to $49.1 million
•Fiscal 2013 net income increases 49% over 2012 to $10.3 million
• Diluted Net Income Available to Common Shares for the Fiscal year ending June 30, 2013 was $1.34, which includes a partial reversal of the deferred tax valuation allowance of $2.5 million, or $0.41
•FONAR records fourteenth straight quarter of positive net income and income from operations
•FONAR added- to the Russell Microcap Index
FONAR Corporation (NASDAQ: FONR), The Inventor of MR Scanningâ„¢, reported its fiscal 2013 results for the year ended June 30, 2013. The Company's two industry segments are: development, manufacturing and servicing of the UPRIGHT® Multi-Positionâ„¢ MRI, and management of Stand-Up® MRI (UPRIGHT® MRI) centers. The Company is known as the first Company to invent and manufacture an MRI (Magnetic Resonance) scanner. Leading the list of FONAR's most recent patented inventions is its technology enabling full weight-bearing MRI imaging for the first time on all the gravity sensitive regions of the human anatomy, e.g. the spine, brain, hip, knee, ankle, foot, shoulder, and pelvis. The FONAR UPRIGHT® Multi-Positionâ„¢ MRI scanner is the world's only MRI scanner licensed under FONAR's multiple UPRIGHT® MRI patents to scan all the patient's body parts in their normal fully weight-bearing UPRIGHT® position.
About FONAR
FONAR (NASDAQ: FONR), Melville, NY, The Inventor of MR Scanningâ„¢, was incorporated in 1978, and is the first, oldest and most experienced MRI company in the industry. FONAR introduced the world's first commercial MRI in 1980, and went public in 1981. Since its inception, nearly 300 recumbent-OPEN MRIs and 157 UPRIGHT® Multi-Positionâ„¢ MRI scanners have been installed worldwide. FONAR's stellar product is the UPRIGHT® MRI (also known as the Stand-Up® MRI), the only whole-body MRI that performs Positionâ„¢ imaging (pMRIâ„¢) and scans patients in numerous weight-bearing positions, i.e. standing, sitting, in flexion and extension, as well as the conventional lie-down position. The FONAR UPRIGHT® MRI often sees the patient's problem that other scanners cannot because they are lie-down and non "weight-bearing" only. The patient-friendly UPRIGHT® MRI has a near-zero claustrophobic rejection rate by patients. As a FONAR customer states, "If the patient is claustrophobic in this scanner, they'll be claustrophobic in my parking lot." Approximately 85% of patients are scanned sitting while they watch a 42" flat screen TV. FONAR is headquartered on Long Island, New York.
###
UPRIGHT® and STAND-UP® are registered trademarks and The Inventor of MR Scanningâ„¢, Full Range of Motionâ„¢, Multi-Positionâ„¢, Upright Radiologyâ„¢, The Proof is in the Pictureâ„¢, True Flowâ„¢, pMRIâ„¢, Spondylographyâ„¢, Dynamicâ„¢, Spondylometryâ„¢, CSPâ„¢, and Landscapeâ„¢, are trademarks of FONAR Corporation.
This release may include forward-looking statements from the company that may or may not materialize. Additional information on factors that could potentially affect the company's financial results may be found in the company's filings with the Securities and Exchange Commission.
.
.
Contact:.
.
Daniel Culver
Director of Communications
E-mail: Email Contact
www.fonar.com
Yeah dav....really wild on PBPB!! In at $29.99 when I got up for just a minute or so and came back to see it already trading. I meant to get filled within seconds of the open. What is scary is I can't sell for 3 days due to lack of settled funds in my ira...ugh! This might get nasty or also maybe very good...best of luck today! tuna
Still in HIMX (Cramer says BUY today in lightning round. Also added CNDO at $7.75 yesterday closed up at $8.30 w/o news. Last nice mover I'm in was GSAT on huge volume! Still in GLUU, BTH, and ERII...all hit hard yesterday and will add on any further weakness....best of luck all!! tuna
HIMX $10.79 Cramer Lightning Round says buy with $13-$14 target...also in GSAT closed $1.32 been strong on huge volume recently. My GLUU $2.65 fell hard but planning to add to this position Friday if any further weakness. Was losing on my CNDO buy at $7.75 the day before yesterday but it closed at $8.70 without news in the nasty market...whew! Not as lucky with my ERII and BTH at losses here but plan to add more on further weakness in the morning also....Good luck all...tuna
Thanks a lot dav...I came close to selling in the 14.50's for a decent gain on 2k shares, but didn't and it pulled back to 14.30's and I see the market is looking lower again. Hope I don't end up regretting not selling yesterday. So far my GLUU and HIMX and ERII are also doing pretty good but down on BSBR. Best of luck today!! tuna
HIMX $10.54 +.54 near HOD, BTH $14.49 +.66 w/$14.50 HOD, GLUU $2.91 +.13 all having a nice day...good luck all!! tuna
Added GSAT 1.08 yesterday, in GLUU 2.93 near HOD, and HIMX 10.28 and just added BTH 14.15 ....best of luck all...tuna
GLUU still moving $2.93 +.15 and added BTH 14.15 another strong stock and volume for it recently and my HIMX and GSAT also higher!! Good luck all...tuna
Added more GLUU at $2.75 now $2.81 -.0l but missed effort to add first at $2.68 but hoping to see a "green" close despite what the overall market is doing. Also my HIMX I'm underwater on has gone "green" at $9.90 after seeing a low of $9.35 early today. Good luck everyone...tuna
GLUU $2.82 close garnering a lot of attention for this gaming company and worth a look imho:
Glu Mobile Must Prove Itself Now
Sep 28 2013, 13:36 | 7 comments | about: GLUU
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours
After ten days of strong downloads for a new hit game followed up by strong stock gains, Glu Mobile (GLUU) must prove that its monetization platform actually works. Its successful Deer Hunter franchise released the latest version on September 18. Deer Hunter 2014 quickly jumped to the top of domestic iPhone download charts and reached the top ten grossing iPhone games in the U.S. and set company records for global revenues from a single game.
The company is a leading global developer and publisher of premium games for smartphones and tablets, but it has had a disappointing year with games that haven't monetized as expected; it spent a lot of money buying technology and hiring experts in the field to develop the GluOn platform. With Deer Hunter 2014 already starting to slip down the top grossing charts, the question that Glu Mobile needs to answer is whether the platform can deliver in keeping a game monetizing on top of the charts for months?
3,325 people received this article by email alert
Add your email to get alerts on GLUU too:
Deer Hunter 2014 Numbers
The company released prior to the open on September 25 that Deer Hunter 2014 had reached several milestones including records for single-day downloads and sales. The major milestones as listed by the company are below:
•Glu record 5M+ downloads in first 7 days of global release
•Single-day Glu record of 1M+ downloads globally from a single Glu title
•Reached #7 U.S. App Store Top Grossing chart position for iPhone
•Single-day Glu record of gameplay sessions (18M+)
•Single-day record for global revenues from a single Glu title
•#1 Top Free App ranking in 19 countries
•#1 Top Free Game ranking in 78 countries
The CEO made an interesting statement that the company is only scratching the service as far as the GluOn platform, but the company will need to prove staying power in order to win over investors.
Updated App Annie Stats
The updated App Annie stats are where investors start getting concerned. The game has started dropping in the rankings. For U.S. iPhone stats, the game is down to the second most downloaded free game and the more important grossing numbers show the game has already dropped to #11. See the list below:
(click to enlarge)
Naturally, the game is still in early days and the all important downloads remain strong. The key now will be whether the GluOn platform works. With over 5 million downloads in the first 7 days of global release and possibly millions more now that the game is live on Android, the company should have plenty of users to turn on the magic of the competition via Club Hunt challenges.
As mentioned on the recent Q2 earnings call, the President of Studios discussed the success of the monetization team in optimizing live titles. As an example, Eternity Warriors 2 saw a 60% uptick in revenue with the release of chance-based purchase systems in version 3.2 and Contract Killer 2 saw a significant revenue lift with each live tournament. Now the company has the chance to prove the benefits of the games-as-a-service (GAAS) concept with a game that is setting company records for downloads.
Strong Support
The below chart shows strong support below the current levels:
Glu Mobile - 2 Year Chart
(click to enlarge)
Conclusion
With analysts expecting revenue of $28 million for Q4 and the huge success of Deer Hunter 2014 so far, Glu Mobile has a chance to finally surprise the market. The company has some major launches in Q4 including Eternity Warriors 3, Frontline Commandos 2, and Motocross Meltdown that could provide a substantial blowout of expectations. Remember that the company generated nearly $22 million in revenue during Q213 with no new titles and Q413 has the benefit of four major titles on a new platform, plus up to six games generating 3rd party publishing revenue. If Glu Mobile can't generate a significant revenue beat during Q4, than the company probably has no business being public.
Additional disclosure: The information contained herein is for informational purposes only. Nothing in this article should be taken as a solicitation to purchase or sell securities. Before buying or selling any stock you should do your own research and reach your own conclusion or consult a financial advisor. Investing includes risks, including loss of principal.
This article was sent to 3,325 people who get email alerts on GLUU.
My guess is it will outperform over the coming weeks/months ahead. In at $267....tuna
In GLUU $2.82 close as a turnaround play with lots of upside potential for this gaming company:
Glu Mobile Must Prove Itself Now
Sep 28 2013, 13:36 | 7 comments | about: GLUU
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours
After ten days of strong downloads for a new hit game followed up by strong stock gains, Glu Mobile (GLUU) must prove that its monetization platform actually works. Its successful Deer Hunter franchise released the latest version on September 18. Deer Hunter 2014 quickly jumped to the top of domestic iPhone download charts and reached the top ten grossing iPhone games in the U.S. and set company records for global revenues from a single game.
The company is a leading global developer and publisher of premium games for smartphones and tablets, but it has had a disappointing year with games that haven't monetized as expected; it spent a lot of money buying technology and hiring experts in the field to develop the GluOn platform. With Deer Hunter 2014 already starting to slip down the top grossing charts, the question that Glu Mobile needs to answer is whether the platform can deliver in keeping a game monetizing on top of the charts for months?
3,325 people received this article by email alert
Add your email to get alerts on GLUU too:
Deer Hunter 2014 Numbers
The company released prior to the open on September 25 that Deer Hunter 2014 had reached several milestones including records for single-day downloads and sales. The major milestones as listed by the company are below:
•Glu record 5M+ downloads in first 7 days of global release
•Single-day Glu record of 1M+ downloads globally from a single Glu title
•Reached #7 U.S. App Store Top Grossing chart position for iPhone
•Single-day Glu record of gameplay sessions (18M+)
•Single-day record for global revenues from a single Glu title
•#1 Top Free App ranking in 19 countries
•#1 Top Free Game ranking in 78 countries
The CEO made an interesting statement that the company is only scratching the service as far as the GluOn platform, but the company will need to prove staying power in order to win over investors.
Updated App Annie Stats
The updated App Annie stats are where investors start getting concerned. The game has started dropping in the rankings. For U.S. iPhone stats, the game is down to the second most downloaded free game and the more important grossing numbers show the game has already dropped to #11. See the list below:
(click to enlarge)
Naturally, the game is still in early days and the all important downloads remain strong. The key now will be whether the GluOn platform works. With over 5 million downloads in the first 7 days of global release and possibly millions more now that the game is live on Android, the company should have plenty of users to turn on the magic of the competition via Club Hunt challenges.
As mentioned on the recent Q2 earnings call, the President of Studios discussed the success of the monetization team in optimizing live titles. As an example, Eternity Warriors 2 saw a 60% uptick in revenue with the release of chance-based purchase systems in version 3.2 and Contract Killer 2 saw a significant revenue lift with each live tournament. Now the company has the chance to prove the benefits of the games-as-a-service (GAAS) concept with a game that is setting company records for downloads.
Strong Support
The below chart shows strong support below the current levels:
Glu Mobile - 2 Year Chart
(click to enlarge)
Conclusion
With analysts expecting revenue of $28 million for Q4 and the huge success of Deer Hunter 2014 so far, Glu Mobile has a chance to finally surprise the market. The company has some major launches in Q4 including Eternity Warriors 3, Frontline Commandos 2, and Motocross Meltdown that could provide a substantial blowout of expectations. Remember that the company generated nearly $22 million in revenue during Q213 with no new titles and Q413 has the benefit of four major titles on a new platform, plus up to six games generating 3rd party publishing revenue. If Glu Mobile can't generate a significant revenue beat during Q4, than the company probably has no business being public.
Additional disclosure: The information contained herein is for informational purposes only. Nothing in this article should be taken as a solicitation to purchase or sell securities. Before buying or selling any stock you should do your own research and reach your own conclusion or consult a financial advisor. Investing includes risks, including loss of principal.
This article was sent to 3,325 people who get email alerts on GLUU.
IMHO...this stock has a very good chance to outperform over the coming weeks/months ahead. In at $267....tuna
Added GLUU $2.67 on this news...closed $2.82!! Worth watching imho: Deer Hunter® 2014 Sets New Glu Mobile Download and Single-Day Revenue Records
Leading hunting franchise reaches #1 Top Free Game on iOS in 78 countries; now live on Android
San Francisco, Calif. - September 25, 2013 - Glu Mobile Inc. (GLUU), a leading global developer and publisher of free-to-play games for smartphone and tablet devices, today announced that the company`s recently released Deer Hunter 2014 has achieved new company sales and global ranking records. Released September 18th on Apple`s iOS and Mac platforms, Deer Hunter 2014 has already achieved the #1 Top Free Game ranking on the App Store in 78 countries and set new company records for global, single-day sales and downloads. The game reached #1 Top Free overall App in 19 countries.
Deer Hunter 2014 milestones include:
•
Glu record 5M+ downloads in first 7 days of global release
•
Single-day Glu record of 1M+ downloads globally from a single Glu title
•
Reached #7 U.S. App Store Top Grossing chart position for iPhone
•
Single-day Glu record of gameplay sessions (18M+)
•
Single-day record for global revenues from a single Glu title
•
#1 Top Free App ranking in 19 countries
•
#1 Top Free Game ranking in 78 countries
"We are delighted with the initial player response to Deer Hunter 2014," said Niccolo de Masi, Glu CEO. "Glu`s solid execution and application of the company`s recently developed games-as-a-service and monetization strategies are key drivers of Deer Hunter 2014`s success. We believe we are just scratching the surface of the organization`s performance potential and look forward to launching a strong portfolio of titles in Q4 and beyond."
This is the first game from Glu Mobile supported by GluOn, the company`s centralized technology infrastructure. GluOn powers Deer Hunter`s new competitive and cooperative Club Hunt challenges. Players from around the world are engaging in this new social gameplay mode to rise up the leaderboards and earn new in-game rewards.
Deer Hunter 2014 is available for free from the App Store on iPhone, iPad or iPod touch or at www.AppStore.com/DeerHunter2014. The Mac version of Deer Hunter 2014 is available now as a free download from the Mac App Store at http://bit.ly/154vTYF. The company today released Deer Hunter 2014 for Android and can be downloaded at http://bit.ly/1dHT2FC.
About Deer Hunter 2014
Journey to North America`s Pacific Northwest, the savannas of Central Africa, and the forests of British Columbia to hunt deer, elk, bears, moose, wolves and more. Deer Hunter returns with all new hunt modes, allowing players to become fully immersed in the gameplay. Environments feature picturesque landmarks like Mount Rainier, the Hoh Rainforest, Serengeti grasslands, and Victoria Falls. Hunters are challenged by three times the variety of animals compared with Deer Hunter Reloaded, as well as improved graphics and upgradable firearms.
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Cautions Regarding Forward-Looking Statements
This press release contains certain "forward-looking statements" related to the business of Glu Mobile Inc., including statements that we believe we are just scratching the surface of the organization`s performance potential and look forward to launching a strong portfolio of titles in Q4 and beyond. Such forward-looking statements involve known and unknown risks and uncertainties, including, but not limited to, the risk that consumer demand for smartphones, tablets and next-generation platforms does not grow as significantly as we anticipate or that we will be unable to capitalize on any such growth; the risk that we do not realize a sufficient return on our investment with respect to our efforts to develop freemium games for smartphones, tablets and next-generation platforms; and the risk of product delays. Certain of these risks and uncertainties are or will be described in greater detail in our public filings with the SEC. Glu is not under obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise.
Glu Mobile
Glu Mobile (GLUU) is a leading global developer and publisher of free-to-play games for smartphone and tablet devices. Glu is focused on creating compelling original IP games such as CONTRACT KILLER, GUN BROS, DEER HUNTER, BLOOD & GLORY, and SAMURAI VS. ZOMBIES DEFENSE on a wide range of platforms including iOS, Android, Windows Phone, and MAC OS. Glu`s unique technology platform enables its titles to be accessible to a broad audience of consumers globally. Founded in 2001, Glu is headquartered in San Francisco with a major office outside Seattle, and international locations in Canada, China, India, Korea, and Russia. Consumers can find high-quality entertainment wherever they see the `g` character logo or at www.glu.com. For live updates, please follow Glu via Twitter at www.twitter.com/glumobile or become a Glu fan at Facebook.com/glumobile.
CONTRACT KILLER, GUN BROS, DEER HUNTER, BLOOD & GLORY, SAMURAI VS. ZOMBIES DEFENSE, GLU, GLU MOBILE and the `g` character logo are trademarks of Glu Mobile Inc.
Media Contacts
Jason Enriquez
Glu Mobile Inc.
PR@glu.com
(415) 800-6263
HIMX 10.93 +.17 in PM and FU 7.59 +.23 also...still holding some of each....good luck everyone today!! tuna
Thanks dav1234! I had 2 losers I sold but small thankfully....my other good gain came from FU which I sold in low 8's from low 7's and upon selling I put in an order to buy 1k at 7.42 and it closed at 7.36 so I filled it. Up about .30 in ah but who knows by Monday. But, if you haven't been watching FU take a look...more crazy than HIMX or III...hahaha!! Have a great weekend also!! tuna
HIMX $10.76 +.72 and $10.80'x in AH...sold 3k but still holding 1k!! It's 3am here in Thailand when the market closes so I rarely get to see the entire trading day, but between III and HIMX it's been very good to me and wishing everyone the best!! Now relax and enjoy your weekend!! tuna
Yes In it to win it! HIMX 10.03 +.30 now...love all the new 52wk highs this stock is hitting in the last couple of weeks on HUGE volume!!! All the best!! tuna
HIMX trading up about .15 - .20 in premarket (in the $9.90's)....it's a fast growing company with good earnings and even a dividend and Google is using their technology in producing Google Glass and even bought 6% of the stock of the company recently. Check the chart on this one and do your dd...I'm looking for considerable upside to follow near and long term but just mho...good luck folks! tuna
HIMX $9.72 close trading at $9.90's in AH a new 52wk high...Google bought about 6% of the company's stock a month or two ago and is using HIMX technology among others in it's upcoming Google Glass which is probably going to become available late this year or early in 2014. Lots to like in the dividend paying growth stock imho!! tuna