Why Digital Turbine Stock Took Flight on Tuesday
Shares of Digital Turbine (NASDAQ: APPS) took off on Tuesday, surging as much as 16.5%. As of 2:55 p.m. ET, the stock was still up 12.2%.
The digital advertising specialist expanded its relationship with a strategic partner, which bodes well for the company's future prospects.
In a press release, Digital Turbine said it was expanding its existing relationship with Telefónica, one of the largest telecommunications service providers in the world. The agreement will help Digital Turbine penetrate further into the European and Latin American markets, providing access to more than 365 million new customers.
Source Fool.com