Digital Turbine has announced a significant leadership change with the appointment of Stephen Lasher as its new Chief Financial Officer, following the departure of Barrett Garrison. This strategic move is seen as a pivotal step for the company as it seeks to strengthen its financial leadership and navigate the evolving digital landscape. The market has responded positively to this news, reflecting investor confidence in Lasher's ability to drive financial growth and stability for Digital Turbine.
The appointment of a new CFO often signals a potential shift in company strategy or a renewed focus on financial performance, which can be a catalyst for stock movement. Investors may be optimistic about Lasher's track record and the fresh perspective he brings to the company's financial operations. This optimism is evident in the stock's performance in after-hours trading.
Digital Turbine (APPS) shares surged 23.99% in after-hours trading, reaching a price of $3.1493, following a close of $2.54 earlier on February 5th.