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APPS Announces American Movil

|Includes: Digital Turbine, Inc. (APPS)

Digital Turbine (NASDAQ:APPS) presented at the Needham Conference today. As part of their presentation, the announced that American Movil is now a customer. Here are some key points about American Movil, per Bill Stone, the CEO of Digital Turbine.

American Movil has 280 million customers.
- Dominant player in South America

American Movil sells 3 million Android phones per month.
- More than AT&T and Verizon combined

The contract has started "immediately" across their whole network. "This is a material win for the company and validation of our products and services," according to Stone.

APPS is due to report their earnings on Thursday after the close. The numbers have been pre-released and they have confirmed fiscal 2016 guidance. However, I would think that they are on a pace to resoundly beat those numbers and would suspect that the street has to take their forecasts higher.

I recently wrote that I doubled down on $APPS (seekingalpha.com/article/3359465-doublin...). I believe that was a smart strategy and will continue to add to my position as I think the company is very well positioned and the stock is poised for a period of outperformance.

Disclosure: I am/we are long APPS.

Additional disclosure: I am not a registered investment advisor and this is not a formal investment recommendation. I am not telling you to go buy or sell this stock. I’m telling you that I recommend that you research the stock to see if it is a good fit in a well-diversified portfolio. I recommend that you do as much research as possible on every stock you purchase or sell prior to any action. I recommend that you consult your investment advisor or broker prior to any action. I am not liable for any transactions you make after reading this article. Do your own due diligence prior to making any investment decision. This article includes forward-looking statements and the investment is subject to uncertainty. This author explicitly disclaims any liability that may arise from this article, and all commentary in the chat area after the article.