GLUU - Glu Mobile Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
8.38
-0.05 (-0.58%)
As of 3:11PM EDT. Market open.
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Previous Close8.43
Open8.35
Bid8.35 x 4000
Ask8.36 x 1000
Day's Range8.15 - 8.55
52 Week Range5.08 - 11.75
Volume2,616,686
Avg. Volume2,425,416
Market Cap1.217B
Beta (3Y Monthly)0.54
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
Trade prices are not sourced from all markets
  • Why Glu Mobile Stock Remains Volatile
    Market Realist7 hours ago

    Why Glu Mobile Stock Remains Volatile

    These Tech Stocks Lost Big on May 22(Continued from Prior Part)Stock fell 4.8% on May 22The stock of mobile gaming company Glu Mobile (GLUU) fell 4.8% on May 22 to close trading at $8.43 per share. The stock has been volatile this month. It lost

  • Stick With GLUU Stock, Says Signal
    Schaeffer's Investment Researchyesterday

    Stick With GLUU Stock, Says Signal

    The bullish signal flashing for GLUU stock has never been wrong

  • Dolby Cinema Debuts in Germany, Extends European Footprint
    Zacks3 days ago

    Dolby Cinema Debuts in Germany, Extends European Footprint

    Dolby Laboratories (DLB) is likely to open more sites for the public in the near future to boost its presence in Europe.

  • 5 Low-Priced, High-Potential Tech Stocks to Buy
    InvestorPlace7 days ago

    5 Low-Priced, High-Potential Tech Stocks to Buy

    [Editor's note: This story was previously published in April 2019. It has since been updated and republished.]Given their surge over the last few years, tech stocks aren't cheap -- at least when it comes to their actual share prices. Top leaders like Amazon (NASDAQ:AMZN) and Google (NASDAQ:GOOG, NASDAQ:GOOGL) can be had for north of a grand per share, while even smaller tech stocks like ServiceNow (NASDAQ:NOW) can be had for over $100 per share. And while, as we said before, "price is what you pay, value is what you get," there is something about buying cheap stocks that can result in higher returns.So, if it was possible to combine the potential of tech stocks with the financial advantages of low-priced ones, you'd have very powerful weapon indeed.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Stocks to Buy that Lost 10% Last Week Luckily, there are a number of those stocks to buy. These cheap tech stocks can be had for under $15 per share, and many of them have plenty of catalysts to propel them forward. They aren't without risk, but they do have plenty of reward potential. So which of those stocks should you look to buy?Here are five cheap tech stocks to buy for your portfolio. Cheap Tech Stocks to Buy: Fitbit (FIT)Source: Shutterstock Share Price: $5.10It's no surprise that former wearable device superstar Fitbit (NYSE:FIT) is now a low-priced tech stock. The device marker spent much of 2017 and 2018 in freefall as wearable device growth has failed to catch up with lofty expectations. And as fellow InvestorPlace contributor Josh Enomoto has mentioned, the segment has been a victim of the dreaded "C" word -- commoditization.So, why be bullish on the floundering device maker?It comes down to healthcare, health insurance and FIT's low prices for devices.John Handcock made waves last year when it announced that it was no longer underwriting traditional life insurance policies and will only be issuing more dynamic policies tied to a wearable device. Corporate America is getting in on the act as well and has started to offer incentives/breaks on health insurance to employees wearing fitness trackers.For FIT, this could be its opportunity. A low price, a name brand and a huge data set of active users makes it an ideal partner in these instances. With healthcare costs rising, firms and employees are going to be doing everything they can to get insurance premiums lower. Already, sales at FIT seem to be picking up. With tracking requirements becoming the norm, Fitbit could be a major winner.And at just over $5 per share, it's worth that gamble. Glu Mobile (GLUU)Source: Shutterstock Share Price: $8.84One-hundred and twenty-two percent. That's a great yearly return for any stock, yet one that makes mobile games for your smart-phone. But for Glu Mobile (NASDAQ:GLUU), its 2018 return may just be a drop in the bucket. That's because GLUU's turnaround is finally paying off.A few years ago, mobile gaming was super hot -- and then the bottom dropped out. GLUU and its rivals were hit hard. In that downturn, the game developer's management undertook a big turnaround plan. For starters, they focused more on games they fully owned rather than celebrity licensed properties. This allowed them to reap higher margins from in-app purchases and downloads. With bookings rising for these so-called growth games, Glu was actually able to be cash flow positive during the fourth quarter.GLUU was also able to reduce its debt load and build a strong cash balance over the last year.With that, GLUU stock has surged. The best part is that the firm's development pipeline still seems robust, with several potential hits coming over the next few quarters. This includes a new World Wrestling Entertainment (NYSE:WWE) game as well as a title under license from Walt Disney's (NYSE:DIS) Pixar. Moreover, several other games in development are targeted at female gamers -- an underrepresented niche. That gives Glu a potentially huge market all to itself.With the firm now firing on all cylinders and gaming still going strong, the less than $9 per share tech stock seems like a bargain at a P/E of 26. Nokia Oyj (ADR) (NOK)Source: Shutterstock Share Price: $4.95Ask many people what they think about Nokia Oyj (ADR) (NYSE:NOK) and odds are, they will say "washed up." And that may be true to a point -- when it comes to devices. But Nokia still remains one of the most important tech stocks in the entire wireless world. The reason comes down to one letter and one number.I'm talking about 5G.As its handset leadership position was fading, Nokia made two shrewd buyouts: industrial conglomerate Siemens' networking business and the Alcatel-Lucent assets. With those two buys, Nokia became an equipment maker that brings all the data, voice and video to the end users. Who cares about what device it's on?This switch has been wonderful for NOK stock. Current 4G networks aren't cutting it with all the streaming video, mobile commerce and gaming we're now doing on our phones and tablets. Because of that, telecom firms are now spending some big bucks to upgrade their networks. And a lot of it is coming NOK's way.Sales at Nokia continue to rise, clocking in at 5 billion euros last quarter. The bulk of that was networking and 5G hardware.And yet, NOK shares remain a castaway among cheap tech stocks. At under $5 and with a 3.8% dividend yield, it's a good stock to buy. TeleNav (TNAV)Source: Shutterstock Share Price: $7.13Sometimes partnering with a larger firm can boost the fortunes smaller tech stocks. For TeleNav (NASDAQ:TNAV), that means being buddies with Amazon (NASDAQ:AMZN). Amazon has been looking for ways to get its AI voice assistant, Alexa, into more devices and into every American's home. A big push in that is into automobiles. This is where TNAV comes in.TeleNav provides several location-based systems to create a smarter, safer & more personalized user experience for drivers. This includes routing, guidance, positioning and search. The kicker is that TNAV's systems are much more than just your normal GPS. They use AI and voice assistants, allow advertisers and in-car commerce -- such as go-ahead ordering -- and the like. Amazon joined with TNAV in a deal that would make Alexa front and center in its units.What TNAV is really doing is building a portfolio of data that Amazon or other firms could potentially massage and exploit later on. What it gets is a huge platform to build on for future real-time advertising, sales and infotainment options. It's a win-win for TNAV, AMZN and other future partners.The opportunity is huge. And yet, TNAV trades at just around $7 per share. That's a huge bargain for its potential -- even more so when considering that firm continues to grow its revenues like weeds and finally has achieved positive cash flows at the end of last quarter.In the end, this is one tech stock that won't stay low-priced for much longer. As a result, it's a good stock to buy. 3D Systems (DDD)Source: Image via 3D SystemsShare Price: $8.73One of the biggest trends in industrial manufacturing, healthcare and even tech itself is 3D printing. The ability to create three-dimensional objects out of metals, plastics or even biopolymers is truly exciting. And over the years, 3D printing has gone from a niche hobby to mainstream production. Leading the way has been top tech stock 3D Systems (NYSE:DDD).However, lately, DDD has been a shell of its former self. The former high flyer and triple-digit-priced tech stock can now be had for around $8.75. At that price, 3D may be a big-time buy.For one thing, the firm is growing. Last year, DDD's revenues jumped 6.4% year-over-year to $687.7 million. At the same time, the growth in several key areas allowed 3D to realize a profit. Adjusted earnings per share for all of 2018 came in at 15 cents. That was versus a loss per share of 2 cents recorded in 2017. So, things have gotten a bit better at DDD now that 3D printing has gained significant steam.And the firm has more levers to pull. DDD continues to push harder into healthcare and the dental sector. Prosthetics, implants and braces have the potential to be massive markets for the firm, one that is being tapped just now.For investors, DDD stock's fall from grace has more to do with it simply losing its momentum and fad status. Which means, value hunters can snag shares of this low-priced tech stock for basement-level prices, making it a good stock to buy.At the time of writing, Aaron Levitt was long AMZN. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 10 Retirement Stocks That Won't Wilt in a Bear Market * 5 Consumer Stocks Ready to Push Higher * 3 of the Best ETFs to Buy for a Play on Gold Stocks Compare Brokers The post 5 Low-Priced, High-Potential Tech Stocks to Buy appeared first on InvestorPlace.

  • Is Glu Mobile Stock Undervalued after the Recent Pullback?
    Market Realist7 days ago

    Is Glu Mobile Stock Undervalued after the Recent Pullback?

    Will Glu Mobile Bounce Back after Falling 21% this Month?(Continued from Prior Part)Forward price-to-earnings ratioGlu Mobile (GLUU) has a forward 2019 PE multiple of 24.5x, and this multiple stands at 17.2x for 2020. In comparison, Glu Mobile’s

  • A Look at Glu’s Expanding Bottom Line
    Market Realist8 days ago

    A Look at Glu’s Expanding Bottom Line

    Will Glu Mobile Bounce Back after Falling 21% this Month?(Continued from Prior Part)Earnings have risen over the yearsGlu Mobile (GLUU) reported a GAAP profit of $663,000 in the first quarter, marking the company’s first GAAP profit since the

  • What’s Been Driving Glu Mobile’s Stock Price Recently
    Market Realist8 days ago

    What’s Been Driving Glu Mobile’s Stock Price Recently

    Will Glu Mobile Bounce Back after Falling 21% this Month?(Continued from Prior Part)Quarterly resultsShares of gaming company Glu Mobile (GLUU) have declined 21% this month. So what’s driven this fall in Glu’s stock price? Glu Mobile stock fell

  • Will Glu Mobile Bounce Back after Falling 21% this Month?
    Market Realist8 days ago

    Will Glu Mobile Bounce Back after Falling 21% this Month?

    Will Glu Mobile Bounce Back after Falling 21% this Month?Stock returnsGlu Mobile (GLUU) stock has lost over 21% in May 2019. However, despite the recent pullback, the stock is still up close to 7% in calendar 2019.The stock is up 58% in the

  • Is Glu Mobile (GLUU) Outperforming Other Consumer Discretionary Stocks This Year?
    Zacks9 days ago

    Is Glu Mobile (GLUU) Outperforming Other Consumer Discretionary Stocks This Year?

    Is (GLUU) Outperforming Other Consumer Discretionary Stocks This Year?

  • Thomson Reuters StreetEvents12 days ago

    Edited Transcript of GLUU earnings conference call or presentation 6-May-19 9:00pm GMT

    Q1 2019 Glu Mobile Inc Earnings Call

  • JAKKS Pacific (JAKK) Reports Wider-Than-Expected Q1 Loss
    Zacks13 days ago

    JAKKS Pacific (JAKK) Reports Wider-Than-Expected Q1 Loss

    The Toys 'R' Us liquidation affects JAKKS Pacific's (JAKK) top line in first-quarter 2019. The company expects sales to increase nearly 5% in 2019.

  • Top 4 Technology Penny Stocks to Watch
    Investopedia14 days ago

    Top 4 Technology Penny Stocks to Watch

    These stock picks are a selection of technology penny stocks that look like they could outperform in the first quarter of 2019.

  • Owners of Take-Two Stock Likely to Focus on Its Top Line
    InvestorPlace15 days ago

    Owners of Take-Two Stock Likely to Focus on Its Top Line

    Take-Two Interactive (NASDAQ:TTWO) is slated to report its earnings for its fourth quarter on Monday, May 13 after the market closes. After TTWO stock fell sharply in the wake of its Q3 earnings report in February, the shares have rebounded.Source: Photo from Take-Two TTWO stock may move again after the company reports its results next week for its quarter that ended in March. Given the uncertainty as to the company's direction, I think investors should wait until after its earnings before making any moves with Take-Two stock. * 10 Great Stocks to Buy on Dips Investors Will Likely Focus on the Company's RevenueFor TTWO's Q4, analysts, on average, expect the company to report earnings per share of 75 cents. In the same quarter last year, TTWO's EPS came in at 70 cents.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAnalysts' consensus revenue estimate is $506 million, 23% above the year-ago figure of $411.37 million. Despite the expected significant increase in the company's top line, the consensus estimate is significantly below the $530 million to $580 million guidance that the company issued back in February.When I wrote a column about TTWO stock in December, I said it was underappreciated, given its fundamentals. I also urged investors to be cautious about TTWO stock. My warning turned out to be accurate, as TTWO stock has lost almost 16% of its value since the earnings report it issued in February. Most blamed the selloff of Take-Two stock on analysts' falling Q4 revenue estimates.TTWO stock did not find a bottom until briefly dipping below $85 per share on Feb. 27. For the most part, it has steadily moved higher since then, recovering most of the value it had lost in the wake of its earnings report. A Different Approach on In-Game PurchasesOne has to assume that investors will focus on the company's revenue. The gaming industry and mobile-gaming companies, such as Zynga (NASDAQ:ZNGA) and Glu Mobile (NASDAQ:GLUU), in particular, depend heavily on in-game purchases. Even TTWO's long-time peers, such as Activision Blizzard (NASDAQ:ATVI) and Electronic Arts (NASDAQ:EA), have increasingly embraced this model.Activision now earns the majority of its revenue from these transactions. However, Take-Two has stood out by depending less on in-game purchase than many of its peers. In recent quarters, TTWO has only earned about one-third of its revenue from in-game purchases.TTWO stock may have been hurt by the company's position. However, this stand reminds me of Southwest Airlines (NYSE:LUV) refusing to charge its passengers for every checked bag. In the long run, a company can earn some goodwill among its customers by declning to "nickel and dime" them. Evaluate TTWO Stock Based on Its Strengths and ValuationTake-Two has also remained true to its strengths. It has avoided mobile gaming completely and still derives around 85% of its revenue from console-based games. The rest of the company's revenue comes from PC-based games.But I still think investors need to look at the valuation of TTWO stock. Its 20.4 forward price-earnings ratio represents a multi-year low. Moreover, TTWO stock has surged in recent years. It traded below $10 per share as late as 2012, before peaking at almost $140 per share late last fall.Today, it trades at about $100 per share. I think that's a fair valuation for TTWO stock. Consequently, I would not buy Take-Two stock ahead of its earnings. But if TTWO stock drops sharply again following the report, traders should consider buying the shares. Final Thoughts on TTWO StockLast quarter's post-report selloff and investors' concerns about TTWO's revenue indicate that traders should not buy TTWO stock before it reports its results.Take-Two's profits probably rose last quarter. Despite analysts' falling revenue projections, TTWO's revenue probably rose at least 10% from its year-ago levels.However, investors have expressed concern about Take-Two's reluctance to depend heavily on in-game purchases. Its dependence on console games and older gaming franchises has also caused some unease among the owners of TTWO stock.Still, I think these practices embody sticking to strengths and building goodwill. Consequently, I would prefer TTWO stock over ATVI or EA despite those stocks' similar multiples. However, with TTWO's forward PE ratio of just over 2 and the Street's reticence about its revenues, I think investors should avoid buying TTWO ahead of its earnings.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Great Stocks to Buy on Dips * 6 Growth Stocks to Buy for the Rest of 2019 * 4 Mega-Cap Stocks to Sell Before They Melt Down Compare Brokers The post Owners of Take-Two Stock Likely to Focus on Its Top Line appeared first on InvestorPlace.

  • 3 Reasons Glu Mobile Stock Will Bounce Back Again
    Motley Fool15 days ago

    3 Reasons Glu Mobile Stock Will Bounce Back Again

    There was a lot to like in the mobile gaming publisher's latest quarter despite the stock's 18% plunge on Tuesday.

  • Why Glu Mobile, Intersect ENT, and Anheuser-Busch InBev Slumped Today
    Motley Fool16 days ago

    Why Glu Mobile, Intersect ENT, and Anheuser-Busch InBev Slumped Today

    On a down day for the market, these stocks struggled more than most.

  • Benzinga16 days ago

    Glu Mobile Analysts Stay Neutral After Mobile Game Maker's Q1 Print

    Roth Capital's Darren Aftahi maintained a Neutral rating on Glu Mobile with a price target lifted from $10 to $10.50. Glu Mobile's earnings report was mixed, as first-quarter bookings of $92.6 million beat expectations of $89.2 million, Aftahi said in a Monday note.

  • Buy the Earnings Dip on Glu Mobile Stock
    Schaeffer's Investment Research16 days ago

    Buy the Earnings Dip on Glu Mobile Stock

    The shares sounded a trusty bullish alarm ahead of earnings

  • Why Activision Stock Will Likely Stay Range-Bound
    InvestorPlace16 days ago

    Why Activision Stock Will Likely Stay Range-Bound

    Activision Blizzard (NASDAQ:ATVI) has continued to slump recently. Activision stock sold off on Friday after issuing disappointing guidance. ATVI has also become caught in the overall market selloff, as its slump continued on Monday and Tuesday.Source: Shutterstock ATVI stock reached highs of just under $53 per share in November. Since then, it has remained range-bound, staying above its $40 per share price floor Without a catalyst, stocks can stay in ranges for months or years. Since Activision stock appears to lack any near-term catalysts, I don't expect ATVI stock to move much in the near-term. * 7 Strong Buy Stocks That Tick All the Boxes Lowered Guidance Hurt Activision StockIn its Q1 report, Activision beat on both revenue and earnings, although its top and bottom lines both fell YoY. However, what led investors to sell off Activision stock was its Q2 guidance. The company predicted earnings of 23 cents per share of ATVI stock and net bookings of $1.15 billion. Analysts' consensus estimate was EPS of 37 cents and sales of $1.27 billion.InvestorPlace - Stock Market News, Stock Advice & Trading TipsInterestingly, Activision stock and video-game stocks (except for Electronic Arts (NASDAQ:EA))march to their own beat. While the stock market has rallied in 2019, Activision stock still trades near the levels at which it sat on Dec. 24.Take-Two Interactive (NASDAQ:TTWO) followed more or less the same pattern. Companies that are primarily in the mobile gaming space, such as Zynga (NASDAQ:ZNGA) and Glu Mobile (NASDAQ:GLUU), have also followed their own trend.However, in the last six months, Activision stock has twice fallen back after moving into the low $50s per share range. Analysts' average price target of $52.50 per share is in that range. Conversely, since hitting a 52-week low of around $40 per share, it has moved higher by more than 15%.Another InvestorPlace columnist,Nicolas Chahine, believes that the $40 floor can hold. I think that will be accurate if ATVI doesn't lower its profit guidance. Where Will Activision Stock Go?However, the overall market could meaningfully hurt Activision stock. The S&P 500 has again begun to move downward after achieving new record highs. This time, there are early signs that Activision stock will follow the trend.If the S&P enters a bear market,Activision stock may be in trouble. In the early part of the decade, the PE ratio of Activision stock stayed in the teens. The P/E multiple averaged just 10.5 in 2012. If this pattern repeats, ATVI will break through the $40 per share floor. For now, I do not think the stock will fall that low.My more significant concern is the lack of a positive catalyst. As InvestorPlace columnist Chris Lau pointed out, only two ATVI games were among the top ten most popular games in March. Also, the rise in the popularity of so-called "freemium" games bodes poorly for Activision stock. Until the company fins a way to generate renewed interest in its games, I see little reason to recommend ATVI stock. The Bottom Line on Activision StockActivision stock lacks meaningful positive and negative catalysts Weak guidance led investors to sell ATVI, even though its earnings and revenue beat the consensus. outlooks. For this reason, it continues to trade in the $40-$53 per share range established in recent months.Activision stock has little more to bolster it than higher earnings estimates. However, with only two best-sellers and gaming trends moving away from ATVI's business model, estimates may drop.As the overall market falls, ATVI stock has so far followed the trend. As the stock's multiples in the early part of the decade showed, ATVI could decline further if the S&P 500 reaches correction or bear market levels.However, for now, there's little reason to expect significant gains or a substantial decline by ATVI. Until that situation changes, I expect Activision stock to remain in its current range.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Strong Buy Stocks That Tick All the Boxes * 7 Stocks to Buy From the T. Rowe Price Health Sciences Fund * 5 Tech ETFs to Plug In to Big Profits Compare Brokers The post Why Activision Stock Will Likely Stay Range-Bound appeared first on InvestorPlace.

  • Glu Mobile Inc (GLUU) Q1 2019 Earnings Call Transcript
    Motley Fool17 days ago

    Glu Mobile Inc (GLUU) Q1 2019 Earnings Call Transcript

    GLUU earnings call for the period ending March 31, 2019.

  • Glu Mobile (GLUU) Q1 Earnings Match Estimates
    Zacks17 days ago

    Glu Mobile (GLUU) Q1 Earnings Match Estimates

    Glu Mobile (GLUU) delivered earnings and revenue surprises of 0.00% and 2.71%, respectively, for the quarter ended March 2019. Do the numbers hold clues to what lies ahead for the stock?

  • Associated Press17 days ago

    Glu Mobile: 1Q Earnings Snapshot

    On a per-share basis, the San Francisco-based company said it had profit of less than 1 cent. Earnings, adjusted for stock option expense and non-recurring costs, came to 5 cents per share. The results ...

  • Glu Mobile Earnings Report Disappoints With Light Sales Outlook
    Investor's Business Daily17 days ago

    Glu Mobile Earnings Report Disappoints With Light Sales Outlook

    Video game publisher Glu Mobile on Monday beat Wall Street's bookings target for the first quarter and broke even for the period. But the Glu Mobile earnings report outlook disappointed.

  • InvestorPlace17 days ago

    Glu Mobile Earnings: GLUU Stock Plummeted as Q1 Sales Gain 18%

    Glu Mobile (NASDAQ:GLUU) reported its latest quarterly earnings results after hours today, bringing in bookings that handily topped what analysts called for, while also bringing in revenue that topped what analysts called for, yet GLUU stock fell more than 5% after hours Monday.The San Francisco, Calif.-based mobile video game maker said that it brought in first-quarter earnings for its fiscal 2019 that came in at the breakeven spot, topping the loss of 5 cents per share it brought in during the same period in its fiscal 2018. However, the figure was below the Wall Street consensus estimate of a profit of 5 cents per share.Glu Mobile added that its revenue for the period increased roughly 18% year-over-year, coming in at $95.9 million, Analysts were calling for revenue of $89.75 million in the Wall Street consensus estimate. The company's bookings increased 7% year-over-year to $92.6 million, ahead of the company's own outlook that was in the range of $88 million to $90 million.InvestorPlace - Stock Market News, Stock Advice & Trading TipsFor its second quarter of the fiscal year, the business predicts that its bookings will be somewhere in the range of $100 million to $102 million. Glu Mobile also bumped up its full-year bookings forecast to now be in the range of $445 million to $455 million, which is $10 million higher than its previous outlook of $435 million to $445 million.GLUU stock is down about 5.1% after hours Monday. Shares had been gaining about 3.9% during regular trading hours before the company reported. More From InvestorPlace * 10 Cheap Stocks to Buy Now * 7 Energy Stocks to Buy to Light Up Your Portfolio * The 10 Best Stocks to Buy for May Compare Brokers The post Glu Mobile Earnings: GLUU Stock Plummeted as Q1 Sales Gain 18% appeared first on InvestorPlace.

  • Zynga Stock Has Turned Mobile Gaming into a Science
    InvestorPlace17 days ago

    Zynga Stock Has Turned Mobile Gaming into a Science

    Three years ago, Zynga (NASDAQ:ZNGA) looked like it was on the verge of collapse. Revenue was shrinking, again, and the mobile-game maker's losses were starting to widen, again. Zynga stock fell to a record low in February of 2016. At that point, investors wondered if the company would ever excite game-lovers again.Source: Shutterstock In retrospect, savvy investors should have been buying when things seemed their worst. Sales and earnings are growing again. ZNGA stock just hit a seven-year high as a result.The turnaround is not just impressive, but one worth studying for future reference. This is particularly true for investors who believe mobility is the future of how we will live our lives.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Same, But DifferentYou know the company, even if you don't know you know the company. Zynga as the publisher of popular, "casual" games like Farmville, and the very popular Words with Friends. If you've played them, you've probably did so on a mobile device. You've certainly not needed to play them on a hardcore "gaming" computer. * The 10 Best Stocks to Buy for May It's a nuance that matters. While analysts often compare Zynga stock to game developers like Activision Blizzard (NASDAQ:ATVI) and Electronic Arts (NASDAQ:EA), they're not apples to apples. EA and Activision primarily seek to sell games to serious players. Subsequently, they don't necessarily remain interested in the game for very long.On the other hand, Zynga develops games that are easily played, for free, on mobile devices. As a result, the platform encourages repeated plays. Its most relevant competition is an obscure outfit called Glu Mobile (NASDAQ:GLUU)."Mobile" is a relatively new phenomenon though, around since Apple (NASDAQ:AAPL) launched the mini-computer called the iPhone back in 2007. However, consumers have only recently embraced smartphones as alternatives to broadband-connected computers since the advent of 4G speeds in 2010.The entire telecom and entertainment industries are still trying to figure out what consumers want. Just as importantly, they're attempting to decipher what they don't care about from their wireless broadband-connected devices.Zynga seems to have gotten a bead on that consumer though, or at least the entertainment-oriented piece of that consumer. Defining Moment for ZNGA StockIf you had to define Zynga's pivot point, you'd refer to March 1st of 2016. That's when founder and CEO Mark Pincus stepped down as chief for his second and last time, replaced by board member and industry veteran Frank Gibeau.A couple quarters later, Gibeau was gaining traction. That year's calendar second-quarter EBITDA of $17.9 million not only topped guidance between $12 million and $16 million, but handily beat analyst estimates of $16.7 million. By August of last year, Gibeau said "We're moving from 'fix it' to 'grow it'," adding "2018 is all about live operations. 2019 will be about new games." In February of this year, the CEO declared "Zynga's turnaround is now complete."He wasn't kidding. Last year's revenue of $907 million was up 5% year-over-year, but still accelerating into the end of the year. Its fourth-quarter sales grew 7%. Operating cash flow for the quarter more than tripled to $90 million.The acceleration continued into the first quarter of this year, with revenue growing 27% to $265 million. Though earnings fell short of estimates, bookings more than doubled to reach $359 million.Those bookings are a general indication of how well the game publisher will do in the foreseeable future. Better GamesWhile Gibeau had put some operational improvements in place, and wasn't afraid to move some people around, he put his focus on marketing the right games in the right way.That's not necessarily an easy detail for the average investor, who may not be a gamer, to spot. However, it's out there for those who read and listen carefully. The company's games can be played for long stretches and yet remain interesting. But they can also be enjoyable for short spans. Common examples include waiting for a taxi or a table at a popular restaurant.They're also challenging, but not stressful. As such, ZNGA wouldn't appeal to a fan of Fortnite seeking an intense melee. At the same time, consumers aren't interested in playing Call of Duty on a small-screened mobile device either.Speaking about their offerings, Gibeau stated, "All of them are really mass-market games, but they're also very cool in terms of their design."It's all been by design, even if difficult to articulate. Looking Ahead for Zynga StockFiguring out exactly what "clicks" with mobile device users is a work in progress, mostly because it's a moving target. Smartphones have become stunningly more powerful than they were just a couple of years ago and will continue to improve. Ditto for tablets and for connection speeds. With 5G likely to send and receive data ten to twenty-times faster than 4G connections, data constraints will go away.Zynga is also embracing the idea of subscriptions in an increasingly subscription-minded marketplace.Consumers no longer balk at paying a regularly monthly fee for services like Netflix (NASDAQ:NFLX). Nor do they bat an eyelash at services like Spotify (NYSE:SPOT) nor meal kits like Blue Apron (NYSE:APRN) regularly delivers. Adding access to worthy games wouldn't be a great leap.What that might look like when finalized, if finalized, is anyone's guess. There's little doubt, however, that if Zynga plows ahead with the opportunity, it will do so with its finger still on the pulse of the mobile-gaming market.It's getting very difficult not to like Zynga stock.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 10 Best Stocks to Buy for May * 7 Stocks Worth Buying When They're Down * 7 of the Best ETFs to Buy for a Slowing Economy Compare Brokers The post Zynga Stock Has Turned Mobile Gaming into a Science appeared first on InvestorPlace.

  • Glu Mobile Stock Has a Lot to Prove This Week
    Motley Fool17 days ago

    Glu Mobile Stock Has a Lot to Prove This Week

    The mobile gaming specialist behind lifestyle and baseball gaming apps gears up for its big first-quarter report.