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.
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