Stock on Focus: Zedge, Inc. (ZDGE)

Company Profile:

Zedge, Inc. develops a content distribution smartphone application in the United States. Its platform enables consumers to personalize their mobile devices with free ringtones, wallpapers, home screen app icons, and notification sounds. Users primarily access Zedge from its smartphone application, which offers consumers a way to customize their phones without handing over various elements of the operating system to a third-party user. Depending on the phone’s mobile operating system, users can select personalization content from various categories, including ringtones and application icons.The company was incorporated in 2008 and is based in New York, New York. Zedge, Inc. (AMEX:ZDGE.WI) operates independently of IDT Corporation as of June 02, 2016.

Recent News:

Zedge, Inc. will report its financial and operational results for the fourth quarter and full fiscal year 2016 on Thursday, September 29, 2016. Zedge’s management will host an earnings conference call beginning at 5:30 PM Eastern Time.

For the third quarter of its 2016 fiscal year, ended April 30, 2016, the company reported revenue increased 17% to $2.6 million from $2.2 million; net income increased to $326 thousand from $211 thousand.

On June 8, 2016, Zedge and IDW, a Division of IDW Media Holdings nnounced a content distribution deal where IDW’s entertainment brands will use Zedge for brand extension on the mobile phone. Under the terms of the agreement, IDW will provide Zedge licensed material from its extensive comic art and audio collections to make available to Zedge users.

 

Fundamental Analysis:

Ninestocks analyzes several different financial aspects: Growth, Profitability, solvency and efficiency.

Growth – Measures the growth of both the company’s income statement and cash flow.

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Profitability – Measures the historical price movement of the stock.

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Solvency – Measures the solvency of the company based on several ratios.

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Efficiency – Measures the strength and historic growth of a company’s return on invested capital.

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Conclusion:

ZDGE’s strengths can be seen in its strong profitability and robust efficiency. Its revenue has increased over several years. Technical indicators signal the bullish signs, as there is a bullish cross in Stochastic Oscillator. RSI is increasing to 55.40. We rate Zedge, Inc. (ZDGE) a Strong BUY.

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