NQ Mobile reiterated as a Buy at Canaccord

October 25, 2013

Canaccord said NQ Mobile management refuted Muddy Waters allegations and patiently answered participant questions on today's conference call. The analyst believes NQ Mobile remains well positioned in mobile security and mobile applications markets given its expanding international deal pipeline, broadening product portfolio, and customer base. The firm reiterates its Buy rating and $29 price target.