Over 1 Year Ago
1 Min Read
PUBM shares ran up 24% today. Things are looking good at the adtech company:
PubMatic, Inc. (PUBM) is trading 24% higher at $21.955 today. The stock is seeing a steep rise in share price driven by several factors.
- PubMatic's revenue growth rate is accelerating.
- The company's growth is outpacing peers in the ad industry.
- Third-quarter guidance is optimistive despite macroeconomic concerns.
- PUBM reported its Q2 earnings results on Monday and they beat estimates by 187.5%
PubMatic, Inc. has been trading between a 52-week high of $43.65 and a 52-week low of $14.73. The stock has a market cap of $926 Million.
PubMatic, Inc. delivers superior revenue to publishers by being a sell-side platform of choice for agencies and advertisers. The PubMatic platform empowers independent app developers and publishers to maximize their digital advertising monetization while enabling advertisers to increase ROI by reaching and engaging their target audiences in brand-safe, premium environments across ad formats and devices.
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