App helps companies secure mobile devices
As more employees use their own phones for work, security measures become critical. That's where Symantec's Mobile Management Suite steps in.
Mobile security to drive business
The bring-your-own-device (BYOD) revolution is driving demand for security on mobile devices. Symantec has a range of software including mobile anti-virus that helps prevent theft of data from lost or stolen mobile phones. This is an added feature over the standard security measures to prevent viruses and malware and is also a big growth opportunity as smartphones are expected to grow at 55% or so and reach a yearly shipment size of one billion phones by 2015.
The biggest issue with the BYOD revolution is to support multiple devices with multiple operating systems and architectures, while providing all necessary facilities. Symantec's technology is built from scratch to solve some of these issues and plugs directly into management platforms which will allow various mobile devices to be added without server-side complications. The technology will provide users with relevant CRM and other business-related information, while keeping up with security and compliance constraints. The technology is based on know-how obtained from the acquisition of Nukona earlier this year and will be be driven by mobile virtualization. This offering puts Symantec in direct competition with VMware (VMW), which is the pioneer in virtualization and has its own BYOD offerings.
We currently have a $27 Trefis Price Estimate for Symantec which is 50% above its current market price.
Copyright © 2014 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
As the market wades through what many people hope is a sixth bull year, some have grown nervous about how long the run can go.
VIDEO ON MSN MONEY
Top Stocks provides analysis about the most noteworthy stocks in the market each day, combining some of the best content from around the MSN Money site and the rest of the Web.
Contributors include professional investors and journalists affiliated with MSN Money.
Follow us on Twitter @topstocksmsn.