Which Digital Game Publishers To Buy And Sell? SPYR (SPYR), Glu Mobile(GLUU) and King Digital (KING)
New York, NY – GDP INSIDER – 05/28/2015.
This article discusses three companies: SPYR Inc (OTCMKTS:SPYR), Glu Mobile Inc. (NASDAQ:GLUU) and King Digital Entertainment PLC (NYSE:KING)
SPYR Inc (OTCMKTS:SPYR) shares are down 23% over the past month but flat since mid-March 2015. In trading yesterday, they closed even with the prior day at $0.61 per share. The company engages in digital publishing and advertising, owns websites as well as develops mobile applications and games. It also operates the ‘Eat at Joes’ diner located at the Philadelphia International Airport. Yesterday, the firm issued a release that its websites, operated under Franklin Networks, were all ranked in the top 1% of 950 million active websites across the globe based on data from Internet Live Stats. The news is a positive confirmation of potential from the company’s acquisition of Franklin Networks.
Glu Mobile Inc. (NASDAQ:GLUU) was flattish in trading on Wednesday and closed the day up $0.01 to $6.46. The company recently sold a 15% equity stake to Tencent to raise $126 million. Glu Mobile will also create the mobile game for the Mission: Impossible – Rogue Nation film. The publisher of free-to-play games for smartphones and tablets can invest the capital it raised and could leverage the Mission: Impossible success into additional deals. The stock is up 26% largely on news of the additional infusion of capital. The shares have further upside and can continue to climb.
King Digital Entertainment PLC (NYSE:KING) was also relatively flat in trading yesterday and closed up slightly at $15.27 on light volume. The competitor of Zynga stock has fallen 10.7% at least partially due to the weak revenue guidance the firm delivered a few weeks ago. The maker of the popular mobile game Candy Crush could struggle to find continued success with the Candy Crush franchise and create other games. The Dublin firm stated it expected a seasonal sales slowdown mid-year and for revenues to accelerate later in the year. Revenue growth may tail off longer-term, and this represents a key risk.
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