Glu Mobile Investors Will Be Watching This Key Metric Next Week
Glu Mobile (NASDAQ: GLUU) investors have been living under a cloud of uncertainty over the past three months, fearing that the mobile gaming company has run out of luck. Glu delivered a mixed forecast when it released its first-quarter results back in May, causing investors to lose confidence and dump the stock.
That was not surprising, since Glu Mobile has a history of going through long periods of weak growth as the popularity of its games starts waning. But Glu has a chance to get things back in order when it releases its fiscal second-quarter results on Aug. 1, and a lot will be riding on the company's outlook.
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