Canaccord Genuity Reiterates a 'Buy' on NetQin Mobile (NQ); Deal Drives Potential Upside to H2/12 Estimates
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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: 5 | New: 26
Rating Summary:
4 Buy, 1 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Canaccord Genuity reiterates a 'Buy' on NetQin Mobile (NYSE: NQ) price target of $14.00.
Analyst, T. Michael Walkley, said, "NetQin announced The Cellular Connection (“TCC”) will offer NQ Mobile Security at more than 800 retail locations across the United States with the initial rollout of this program at TCC’s roughly 300 corporate stores during Q2/12. We believe the agreement represents another key partner to drive longer-term higher-ARPU international sales growth. Given NetQin’s strong share in China, expanding international customer base, and growing deals with leading wireless partners, we reiterate our rating."
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 $10.85 yesterday.
Analyst, T. Michael Walkley, said, "NetQin announced The Cellular Connection (“TCC”) will offer NQ Mobile Security at more than 800 retail locations across the United States with the initial rollout of this program at TCC’s roughly 300 corporate stores during Q2/12. We believe the agreement represents another key partner to drive longer-term higher-ARPU international sales growth. Given NetQin’s strong share in China, expanding international customer base, and growing deals with leading wireless partners, we reiterate our rating."
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 $10.85 yesterday.
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