Mandalay Digital soars on Verizon deal

|By:, SA News Editor

Though Mandalay Digital (MNDL +13.1%) missed FQ1 estimates, it stated on its CC (transcript) Verizon plans to deploy Mandalay's DT Ignite app-loading solution across its entire Android device lineup, courtesy of a multi-year deal.

Mandalay notes Verizon has been selling ~20M Android devices/year, and says it anticipates "doing some joint press with Verizon in the near future to provide additional public details and information on the benefits of Ignite to both consumers and advertisers."

An FY15 (ends March '15) guidance update that takes the Verizon deal into account will be provided in the next 30 days.