AT&T, Inc. (T - Free Report) recently announced that it will launch an extended managed security solutions (MSS) suit, including mobile security solution, by this year end. The company intends to give details of its enlarged cyber security portfolio at the 15th AT&T Annual Cyber Security Conference to be held in New York City.
The company’s high-end MSS security solution seeks to combine network and device security together with secured virtual private networking, application and suite of mobile device management solution. This service will provide corporate users with all-inclusive security for their mobile ecosystems regardless of utilization of the AT&T mobile network.
Apart from expanding its MSS services, AT&T I also focuses on capturing market share in the home security front with its Digital Life package. The company unveiled the Digital Life package, its home security and automation service in May across 15 cities including Los Angeles, Chicago, San Francisco and Miami.
The new product includes security cameras, thermostats and locks that can be controlled from phones and tablets. We believe that product diversification will enable AT&T to grow beyond its legacy market and generate higher revenues in the coming years.
AT&T is experiencing strong momentum in both wireline and wireless businesses. Continued strength in smartphone and branded computing device sales are fueling growth in its wireless business. Further, its agreement with IBM Corp. (IBM - Free Report) on a new eCommerce solution will enable the company to scale up its business in the wireless segment and enhance service offerings that garner significant market traction.
AT&T, which operates with carriers like Verizon Communications Inc. (VZ - Free Report) and Sprint Corporation (S - Free Report) has a Zacks Rank #3 (Hold).