Glu Mobile Inc. (NASDAQ:GLUU), a leading global developer and publisher of free-to-play games for smartphone and tablet devices, today announced the availability of Rival Fire on the App Store and Google Play. In close partnership with Tencent Holdings Limited(“Tencent”, SEHK: 00700), a leading provider of Internet value added services inChina, the companies have brought Tencent’s popular shooter game in China,WeFire, to Western markets. Featuring synchronous co-op PvE and PvP, an industry first – Rival Fire is the most engaging multiplayer experience on mobile.
“Glu and Tencent both have histories of excellence in the shooter space. The development of Rival Fire has been a fantastic collaboration as teams from the East and West worked alongside one another,” said Niccolo de Masi, Glu Chairman and CEO. “I am pleased to deliver a product with such an immersive storyline, stunning 3D graphics, engaging social features, and multiplayer gameplay – all historically reserved for PCs and consoles. A true one-of-a-kind mobile shooter experience.”
“We are happy to work together with Glu to bring our games to Western markets,” said Steven Ma, SVP of Tencent’s Interactive Entertainment Group. “While transformed for a Western audience, Rival Fire utilizes all of the most engaging parts of the original. We hope it delights users with a great experience.” (Original Source)
Shares of Glu Mobile are up 2.65% to $2.71. GLUU has a 1-year high of $6.25 and a 1-year low of $1.98. The stock’s 50-day moving average is $2.36 and its 200-day moving average is $2.67.
On the ratings front, Glu Mobile has been the subject of a number of recent research reports. In a report issued on May 4, Roth Capital analyst Darren Aftahi downgraded GLUU to Hold, with a price target of $2.50, which represents a potential downside of 5.3% from where the stock is currently trading. Separately, on the same day, The Benchmark Company’s Mike Hickey downgraded the stock to Hold and has a price target of $2.70.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Darren Aftahi and Mike Hickey have a total average return of 0.3% and 12.2% respectively. Aftahi has a success rate of 45.2% and is ranked #2250 out of 4073 analysts, while Hickey has a success rate of 67.6% and is ranked #284.
Glu Mobile, Inc. designs, markets and sells mobile games. It develops and publishes a portfolio of action, adventure, casual and traditional games, which are designed for the users of smartphones and tablet devices who purchase those games through direct-to-consumer digital storefronts as well as users of feature phones served by wireless carriers and other distributors. It creates games and related applications based on its own brands including Big Time Gangsta, Blood & Glory, Contract Killer, Contract Killer: Zombies, Deer Hunter, Eternity Warriors, Frontline Commando, Gun Bros, Heroes of Destiny, Motocross Meltdown, Samurai vs. Zombies Defense and Stardom, as well as third-party licensed brands.