Don't let it get away!
Keep track of the stocks that matter to you.
Help yourself with the Fool's FREE and easy new watchlist service today.
Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
So what: The mobile services company said it will start offering its flagship security products, including NQ Mobile Security, NQ Mobile Vault, and NQ Family Guardian, to America Movil's broad subscriber base, which counts 262 million subscribers throughout 18 countries. CEO Omar Khan said it was important for consumers in Mexico and Latin America to be aware of the mobile threats that they face in today's environment.
Now what: NQ Mobile's security offerings will be actively promoted and sold by Telcel, the Mexican carrier that is America Movil's largest. Other brands under America Movil's umbrella that will soon get NQ Mobile products include Claro as the pair expand into additional countries in the region. In a Bloomberg report, Oppenheimer analyst Andy Yeung said the deal would open up new revenue sources for the company, as revenue has historically been generated primarily from app downloads and OEMs. Piper Jaffray analyst Mark Murphy noted that the deal is the biggest international partnership in NQ's history.
Interested in more info on NQ Mobile? Add it to your watchlist by clicking here.
The amount of data we store every year is growing by a mind-boggling 60% annually! To make sense of this trend and pick out a winner, The Motley Fool has compiled a new report called "The Only Stock You Need to Profit From the NEW Technology Revolution." The report highlights a company that has gained 300% since first recommended by Fool analysts but still has plenty of room left to run. To get instant access to the name of this company transforming the IT industry, click here -- it's free.