The new agreement will have Smartfren preload NQ Mobile Security on its Android smartphones. The app will be called "Smartshield," and it will also be available for download in Smartfren's app store. The software offers a number of security features for Android smartphones for free, with more feaures available as in-app purchases.
"This agreement with Smartfren significantly expands NQ Mobile's penetration in the critical southeast Asian market," Calvin Cai, NQ Mobile general manager of overseas business development said in a press release. "Identified by NQ Mobile as one of the top 10 most infected mobile markets, Indonesia stands to benefit from Smartfren's addition of the NQ Mobile privacy and security products."
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TheStreet Ratings team rates NQ MOBILE INC -ADR as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
"We rate NQ MOBILE INC -ADR (NQ) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and feeble growth in the company's earnings per share."