Canaccord Genuity Reiterates a 'Buy' on NetQin Mobile (NQ); Bumping Numbers After Strong Q4
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Price: $2.20 --0%
Rating Summary:
4 Buy, 1 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 6 | New: 26
Rating Summary:
4 Buy, 1 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 6 | New: 26
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Canaccord Genuity reiterates a 'Buy' on NetQin Mobile (NYSE: NQ) price target raised to $14.00.
Analyst, T. Michael Walkley, said, "We believe the fast-growing smartphone market, particularly in China, combined with strong mobile data growth and the increasing importance of downloading applications, should result in strong growth trends for mobile security and productivity software suppliers. Given NetQin’s strong share in China, expanding international customer base, and growing deals with leading wireless partners, we reiterate our rating."
"...we are slightly increasing our 2012 pro-forma EPS estimate from $0.64 to $0.65 and we are introducing our 2013 estimate of $0.91."
For an analyst ratings summary and ratings history on NetQin Mobile click here. For more ratings news on NetQin Mobile click here.
Shares of NetQin Mobile closed at $7.49 yesterday.
Analyst, T. Michael Walkley, said, "We believe the fast-growing smartphone market, particularly in China, combined with strong mobile data growth and the increasing importance of downloading applications, should result in strong growth trends for mobile security and productivity software suppliers. Given NetQin’s strong share in China, expanding international customer base, and growing deals with leading wireless partners, we reiterate our rating."
"...we are slightly increasing our 2012 pro-forma EPS estimate from $0.64 to $0.65 and we are introducing our 2013 estimate of $0.91."
For an analyst ratings summary and ratings history on NetQin Mobile click here. For more ratings news on NetQin Mobile click here.
Shares of NetQin Mobile closed at $7.49 yesterday.
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