Broker's Roundup on Rating and Recommendations: BlackBerry Ltd (NASDAQ:BBRY)

Randall Craig
April 5, 2017

BlackBerry Limited (NASDAQ:BBRY) persists its gains from previous week close, shares surged over 1.2% in before trading session on Monday as BlackBerry Ltd (BBRY) reported that its better-than- anticipated adjusted earnings for the sixth straight quarter, as the smartphone pioneer's shift to the higher-margin software business paid off. For the current year the company has fixed $991.73M revenues, as per the opinion of 15 analysts. The average stock price target is $7.75 with 1 broker rating the stock a strong buy, 2 brokers rating the stock a buy, 16 brokers rating the stock a hold, 8 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell. GAAP net loss for the quarter was $47 million, or ($0.09) per basic share. For the current year the company has low revenue estimates of $891.19M in contradiction of high revenue estimates of $1.19B.

12/23/2016-BMO Capital Markets Reiterated Rating of Market Perform. A rating of 4 or 5 would represent a Sell recommendation.

Shares of BlackBerry (NASDAQ:BBRY) opened at 7.75 on Monday. The stock is now trading with a distance of 20-Day Simple Moving Average (SMA20) of 10.94%. Its 52-week High Value is $8.46 while its 52-week Low value is $6.23. BBRY has P/E (Price to Earnings ttm) value of 0, Forward P/E of 557.14, P/C (Price to cash per share) of 3.24 and Price to Free Cash Flow (P/FCF) value of 0.

In comparison to the analyst estimate of $289.3 million, sales were $297 million ($286 million on a non-GAAP basis). During the same period a year ago, the business posted ($0.03) earnings per share.

Once considered as one of the most prominent smartphone vendors in the world, Blackberry has had to endure with tough periods over the past two years as it lost major market ground to both Android and iOS devices, forcing the company headquarter to let off 35% of its workforce last year. The shares of the company were decreased around 95% in 2008. UBS Asset Management Americas Inc. increased its stake in shares of BlackBerry by 7.9% in the fourth quarter. For the Current Quarter, 20 analysts are projecting the mean EPS to be $0.77/share. Norges Bank purchased a new stake in BlackBerry during the fourth quarter worth approximately $24,556,000. Palo Capital Inc. bought a new stake in BlackBerry during the third quarter valued at about $136,000. Institutional investors own 62.41% of the company's stock. From a recent statement, BlackBerry is pursuing additional endpoints which could involve wearables, tablets, medical devices, appliances, and much more. It is engaged in providing enterprise mobility management (EMM) and mobile security, and offers a portfolio of enterprise software solutions and services that can be deployed across a range of ecosystems and devices, including BlackBerry Enterprise Service (BES) 12 and Good Platforms, BES12 Cloud, enterprise file-sync-and-share (EFSS), SecuSUITE for Enterprise, Enhanced subscriber identity module (SIM)-Based Licensing (ESBL), WorkLife by BlackBerry solution and Professional Cybersecurity Services.

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