Last week Family Zone Cyber Safety Ltd’s [ASX:FZO] shares rose 14.81%, after confirming their long form agreement with Vodafone India. They closed at 31 cents on Friday, 21 September.
The climb continued this morning after the cyber security company announced the launch of its world-first cyber safe mobile phone.
At time of writing, Family Zone’s share price is up a further 8%, sitting at 33.5 cents.
Why the increase in share price?
Last week’s increase came after the company confirmed on Tuesday, 18 September its agreement with Vodafone India to resell its services. And there are no signs of the price slowing following this morning’s news.
This morning the company revealed details of its impending launch of the FZ ONE cyber safe mobile phone.
The phone will be a fully-featured Android device equipped with Family Zone controls, priced generously at $199. And comes with a 12-month subscription to Family Zone.
This is the world’s first fully-featured smartphone designed for social teenagers with built-in cyber safety.
The FZ ONE will launch for Christmas 2018, which will be available online and through partners.
The company has confirmed that they have a strong interest from major Australian and New Zealand retailers and will announce distribution arrangements soon.
What can we expect?
Family Zone’s share price has been on a steady decline over the past 12 months, falling nearly 67% since October last year.
Despite the rough year, the cyber security company has seen an increase of 24.07% in the past eight days of trading. As such, it might be worth keeping an eye on these guys over the next few months to see whether their agreement with Vodafone can go global and how this cyber-safe mobile pans out.
For Money Morning
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