Phunware, Inc. (PHUN - Get Rating)
PHUN is an Austin, Tex.-based integrated software platform provider that equips companies with the products, services, and solutions to engage, manage, and monetize their mobile application portfolios. The company’s products and services include cloud-based mobile software, content management, marketing automation, advertising, and location-based services.
This week, PHUN partnered with Campaign Nucleus to integrate the capabilities of Smart Advocacy Solution with politicians and advocacy groups to personalize their political content delivery and drive engagement. The partnership is expected to leverage PHUN’s Multiscreen-as-a-Service (MaaS) platform, expand its customer base and boost revenues.
Last month, PHUN announced two new strategic suppliers for optimized high-performance PC series by the LYTE business unit inspired by the Consumer Electronics Show (CES). “With these new strategic supplier relationships, we took the guesswork out of selecting the right personal computer systems for power users’ needs,” stated Caleb Borgstrom, Vice President and General Manager of LYTE by Phunware.
PHUN’s revenues from application transactions increased 44.1% year-over-year to $389,000 in its fiscal third quarter of 2021, ended Sept. 30, 2021. PHUN’s total other income rose 512.8% year-over-year to $4.41 million. And the company’s net income grew 104.3% year-over-year to $372,000.
Analysts expect PHUN’s revenue for the fiscal fourth quarter, ended Dec. 31, 2021, to come in at $5.03 million, representing a 149.4% rise year-over-year. The Street expects PHUN’s EPS to improve 66.7% year-over-year in the about-to-be-reported quarter. The company has an impressive earnings surprise history; It surpassed the consensus EPS estimates in three of the trailing four quarters.
The stock has increased 34.6% in price year-to-date and 16.5% over the past year, respectively. PHUN closed yesterday’s trading session at $3.54.
Each of the two Wall Street analysts that rated PHUN rated it Buy. The 12-month median price target of $4.75 indicates a 34.2% potential upside. The price targets range from a low of $4.00 to a high of $5.50.
Blijft een mooi bericht van 11 februari jl.