Digital Turbine, Inc. is a software business that has been adopted by OEMs and mobile operators. It has been used by many advertising campaigns delivering app preloads. The headquarters of the company is in Austin, Texas, and has offices in major cities around the world.

Is Digital Turbine stock a good investment?

It would be wise to buy stocks in Digital Turbine, Inc. There has been positive momentum for the business throughout the year. The results were better than people had predicted, and the company is in a position to keep moving forward. The profits are set to soar to even greater heights. Advertisers are spending on this platform, making it a beneficiary of the trend and contributing to the high conversion rates. Consumers all over the world are engaging with mobile content and applications in their daily activities.

How was the last quarterly earning results?

Shares of the company have skyrocketed by almost 25%, boosted mainly by the results it posted for the first quarter of the year. Digital Turbine, Inc beat the expectations of most analysts. They had good results on both their top and bottom lines. The revenue increased by 90% to a record $ 59 million. Analysts had predicted that the company would get a revenue of $ 48 million. It superseded the estimates, and many investors were in a rush to buy their shares. Additionally, more than 40 million people downloaded the application on their mobile devices.

Future/ forward-looking earnings estimates

The predictions about the company's future are rosy. Analysts opine that for the second quarter the sales my rise to $ 61 million. The improved earnings mean that the earnings per share will be $0.11 to$ 0.12. It is an improvement from the earlier estimate of $0.09. Analysts are excited by the guidance and good results. Several investment banks doubled the buying price of the company's shares, while those who said rated the company as neutral upgraded it to buy. With revenues expected to keep rising over the next several years, the future is very bright for the company. If the management can maintain the expenses, there will be an increased cash flow for the stocks. Eventually, Digital Turbine will get a higher valuation of its shares.