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Digital Turbine, Inc. (APPS), through its subsidiaries, provides media and mobile communication products and solutions for mobile operators, application advertisers, device original equipment manufacturers, and other third parties worldwide.
Its software platform that enables mobile operators and OEMs to control, manage, and monetize devices.
The company also provides programmatic advertising and targeted media delivery services; and other products and professional services directly related to the core platform.
Digital Turbine, Inc. reported 1st Quarter June 2020 earnings of $0.12 per share on revenue of $59.0 million. The consensus earnings estimate was $0.08 per share on revenue of $48.5 million. Revenue grew 93.1% on a year-over-year basis.
The company said it expects second quarter earnings of $0.11 to $0.12 per share on revenue of $59.0 million to $61.0 million. The current consensus earnings estimate is $0.09 per share on revenue of $51.4 million for the quarter ending September 30, 2020.
The company reported strong earnings last week and shows momentum that share prices should be moving higher.
Entry point: $23.00
52-week trade range: $3.48 - $24.42
Stop/Loss: $21.85
Target Price: $25.30
APPS closed at $25.40.
