KeyBanc downgraded Glu Mobile from Overweight to Sector Weight
Roth Capital downgraded Glu Mobile from Buy to Neutral and set a new price target of $12.50
Benchmark downgraded Glu Mobile from Buy to Hold
Roth Capital downgraded Glu Mobile from Buy to Neutral
Stifel downgraded Glu Mobile from Buy to Hold and set a new price target of $12.50
Cowen & Co. downgraded Glu Mobile from Outperform to Market Perform and set a new price target of $12.50 from $13.00 previously
Cowen downgraded Glu Mobile from Outperform to Market Perform
Truist downgraded Glu Mobile from Buy to Hold and set a new price target of $12.50 from $10.00 previously
DA Davidson downgraded Glu Mobile from Buy to Neutral and set a new price target of $12.50
Wedbush downgraded Glu Mobile from Outperform to Neutral and set a new price target of $12.50 from $14.25 previously
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AEye, Inc. (NASDAQ:LIDR), a global leader in adaptive, high-performance lidar solutions, today announced that Conor Tierney has been appointed Chief Financial Officer and Treasurer. Tierney joined AEye as Chief Accounting Officer in January 2022 and most recently served as the company's Interim Chief Financial Officer. "I am pleased to welcome Conor Tierney to our executive team as Chief Financial Officer," said Matt Fisch, Chief Executive Officer of AEye. "Conor joined AEye in 2022, with twenty years of financial leadership and management experience with top technology companies, including Alphabet and Glu Mobile. Since joining AEye, Conor has demonstrated his deep financial acumen and k
Planet, a leading provider of daily data and insights about Earth, today announced that Niccolo de Masi, Director of dMY Technology Group, Inc. IV, will be joining Planet's Board of Directors once it becomes a public company. Earlier this year, Planet entered into a definitive merger agreement with dMY Technology Group, Inc. IV (NYSE:DMYQ), a special purpose acquisition company (SPAC), to become a publicly-traded company. The addition of Mr. de Masi provides another accomplished expert to Planet's board to help it grow after going public under the ticker PL on the New York Stock Exchange, and rounds out Planet's planned board for its transition to a public company. Mr. de Masi will be join
/NOT FOR DISTRIBUTION TO US WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA/ TORONTO, Aug. 17, 2021 /CNW/ - PopReach Corporation (TSXV:POPR) ("PopReach") is pleased to announce that it has entered into a letter of intent ("LOI") dated August 16, 2021 with 2810735 Ontario Inc. d/b/a Federated Foundry, an acquirer and operator of digital technology companies ("Federated" and together with PopReach, the "Parties", and each, a "Party"), pursuant to which PopReach and Federated will combine to form a leading, publicly-listed Canadian technology and media enterprise (the "Transaction"). The LOI outlines the principal terms and conditions for the Transaction, which will result
Acquisition brings together two leading mobile organizations with expert, mobile-first teams and complementary games across the sports, lifestyle, mid-core, and casual genres. Electronic Arts Inc. (NASDAQ:EA), a global leader in interactive entertainment, today announced the completion of its acquisition of Glu Mobile Inc. (NASDAQ:GLUU) for $2.1 billion in enterprise value. The combination of Electronic Arts and Glu accelerates EA's mobile portfolio growth and will fuel new experiences in mobile, the largest gaming platform in the world. The deal will add significant growth to EA's mobile business, building on its network of 100 million monthly active players in mobile, and creating a mar
NEW YORK, April 27, 2021 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 effective prior to the opening of trading on Monday, May 3: Genpact Limited (NYSE:G) will replace Genworth Financial Inc. (NYSE:GNW) in the S&P MidCap 400, and Genworth Financial will replace Glu Mobile Inc. (NASD:GLUU) in the S&P SmallCap 600. S&P 500 constituent Electronic Arts Inc. (NASD: EA) is acquiring Glu Mobile in a deal expected to be completed soon pending final conditions. Genworth Financial is more representative of the small-cap market space. Unitil Corp. (NYSE:UTL) will replace Waddell & Reed Financial Inc. (NYSE:WDR) in the S&P SmallCap 600.
SAN FRANCISCO--(BUSINESS WIRE)--Glu Mobile Inc. (NASDAQ: GLUU), a leading global developer and publisher of mobile games, today announced financial results for its fourth quarter and full year ended December 31, 2020. “Our fourth quarter results capped off another strong year for Glu,” said Nick Earl, Chief Executive Officer. “The performance of our Growth Games and the resurgence of Kim Kardashian: Hollywood coupled with a strong contribution from the title we launched during the year, Disney Sorcerer’s Arena, drove a 32% year over year increase in bookings in 2020. The operating initiatives we put in place to improve productivity and scale our business took hold in the second h
REDWOOD CITY, Calif.--(BUSINESS WIRE)--Electronic Arts Inc. (NASDAQ: EA), a global leader in interactive entertainment, and Glu Mobile Inc. (NASDAQ: GLUU), a leading global developer and publisher of mobile games including Design Home, Covet Fashion, and MLB Tap Sports Baseball, have entered into a definitive agreement under which Electronic Arts will acquire Glu Mobile. Under the terms of the agreement, EA will acquire Glu for $2.1 billion in enterprise value. Glu stockholders will receive $12.50 in cash for each share of Glu stock, representing a 36% premium to Glu’s closing share price on February 5, 2021. Upon closing, the acquisition will be immediately accretive to Electronic
SAN FRANCISCO--(BUSINESS WIRE)--Glu Mobile Inc. (NASDAQ:GLUU), a leading developer and publisher of mobile games, today announced that Nick Earl, President and Chief Executive Officer, and Eric R. Ludwig, Chief Operating Officer and Chief Financial Officer, are scheduled to participate in a fireside chat at the Goldman Sachs Technology & Internet Conference on Wednesday, February 10, 2021 at 11:00 a.m. Pacific time. A live webcast, as well as a replay, of the fireside chat will be available on the company’s investor relations website at www.glu.com/investors. About Glu Mobile Glu Mobile (NASDAQ:GLUU) is a leading developer and publisher of mobile games. Founded in 2001, Glu is hea
SAN FRANCISCO--(BUSINESS WIRE)--Glu Mobile Inc. (NASDAQ: GLUU), a leading developer and publisher of mobile games, today announced that it will report its financial results for the fourth quarter and full year ended December 31, 2020 after the U.S. markets close on Tuesday, February 9, 2021. In conjunction with this announcement, Glu management will host a conference call and webcast that afternoon at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to discuss and answer questions about the company's financial results. Prior to the conference call and webcast, Glu will issue a press release reporting these results on the Investors portion of the company's website, www.glu.com. Conf
SAN FRANCISCO--(BUSINESS WIRE)--Glu Mobile Inc. (NASDAQ: GLUU), a leading developer and publisher of mobile games, today filed a lawsuit in federal court alleging that Reworks Oy infringes a Glu patent relating to systems and methods for providing competitive scene completion in a mobile gaming application—a core feature of Glu’s widely-popular Design Home mobile game. Design Home is a free-to-play mobile game that brings design dreams to life with a social and competitive twist. Players have the opportunity to decorate living rooms, dining rooms, bedrooms and outdoor spaces with thousands of furniture and home décor items from today’s leading brands in a visually stunning 3D exp
AEye, Inc. (NASDAQ:LIDR), a global leader in adaptive, high-performance lidar solutions, today announced that Conor Tierney has been appointed Chief Financial Officer and Treasurer. Tierney joined AEye as Chief Accounting Officer in January 2022 and most recently served as the company's Interim Chief Financial Officer. "I am pleased to welcome Conor Tierney to our executive team as Chief Financial Officer," said Matt Fisch, Chief Executive Officer of AEye. "Conor joined AEye in 2022, with twenty years of financial leadership and management experience with top technology companies, including Alphabet and Glu Mobile. Since joining AEye, Conor has demonstrated his deep financial acumen and k
/NOT FOR DISTRIBUTION TO US WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA/ TORONTO, Aug. 17, 2021 /CNW/ - PopReach Corporation (TSXV:POPR) ("PopReach") is pleased to announce that it has entered into a letter of intent ("LOI") dated August 16, 2021 with 2810735 Ontario Inc. d/b/a Federated Foundry, an acquirer and operator of digital technology companies ("Federated" and together with PopReach, the "Parties", and each, a "Party"), pursuant to which PopReach and Federated will combine to form a leading, publicly-listed Canadian technology and media enterprise (the "Transaction"). The LOI outlines the principal terms and conditions for the Transaction, which will result
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