Hot Stocks to Watch: Citrix Systems (CTXS)
The bring-your-own-device (BYOD) movement remains extremely popular. But data shows that most employees bringing their own smartphones and tablets into work are using Android. So not only is the device itself at risk thanks to Android malware, but corporate data might be at risk too.
As a result, any company with an enterprise foothold and a solution for reducing the threat posed by BYOD is going to be one of the top hot stocks to watch if things get bad. Citrix Systems (CTXS) is a prime example. It stands to gain from an increased threat of Android malware because CTXS sells mobile device management solutions that can secure those smartphones and tablets.
Citrix Systems’ Xen Mobile may not prevent Android malware, but it lets corporate IT control the apps its users are installing (reducing risk) and offers the ability to “sandbox” critical apps — keeping their data from being accessible to other, possibly malicious apps.
Mobile device management could take off in a big way if BYOD results in cyber criminals hacking a company via Android malware. Companies will be under public pressure to do something, and deploying mobile device management is quicker, easier and less costly than replacing those personal smartphones and tablets with locked-down corporate issue versions.
Definitely count CTXS among the hot stocks to watch in the event of a wave of damaging Android malware.