Phunware, Inc. Common Stock (PHUN)
Phunware, Inc. is a mobile technology company specializing in enterprise solutions, including mobile application development, data analytics, and digital experience management. The company provides a platform that enables brands and organizations to create, manage, and optimize mobile apps and digital touchpoints to engage users and drive business growth. Founded in 2009 and headquartered in Austin, Texas, Phunware focuses on leveraging technology to enhance customer engagement and digital transformation initiatives.
Company News
Phunware reported Q2 2025 earnings with significant revenue decline, missing analyst expectations. Despite challenges, the company is focusing on AI-powered product innovations in mobile software platforms for hospitality and healthcare sectors.
Phunware's CFO Troy Reisner plans to step down in mid-to-late November 2024, unrelated to any disagreements. Interim CEO Stephen Chen will oversee CFO duties until a successor is found. This comes after the company's CEO Michael Snavely resigned last month.
Investors are closely watching stocks that could be impacted by the outcome of the U.S. presidential elections, especially those more exposed to government policy actions such as banking and clean energy.
AUSTIN, Texas, July 01, 2024 (GLOBE NEWSWIRE) -- Phunware, Inc. (NASDAQ: PHUN) (the “Company”), the mobile experience platform that guides your customers through every step of their journey, was added to the FTSE Russell Microcap® Index at the conclusion of the 2024 FTSE Russell annual index reconstitution, effective after market close on June 28, 2024.
The average of price targets set by Wall Street analysts indicates a potential upside of 162.8% in Phunware (PHUN). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.