BlackBerry (NYSE:BB) announced its quarterly earnings results on Wednesday. The company reported ($0.52) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.49), RTT News reports. BlackBerry had a net margin of 49.62% and a return on equity of 2.70%. The firm had revenue of $235.00 million during the quarter, compared to analyst estimates of $216.70 million. During the same quarter in the previous year, the business posted $0.02 EPS. BlackBerry’s revenue for the quarter was down 21.9% compared to the same quarter last year. BlackBerry updated its FY18 guidance to positive EPS EPS.
BlackBerry (NYSE BB) traded down $0.07 during midday trading on Wednesday, hitting $10.87. 10,480,000 shares of the company were exchanged, compared to its average volume of 6,097,774. BlackBerry has a fifty-two week low of $6.65 and a fifty-two week high of $11.78. The company has a quick ratio of 5.17, a current ratio of 5.19 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $5,830.00, a price-to-earnings ratio of 547.00 and a beta of 1.09.
Several equities research analysts have commented on BB shares. Vetr lowered shares of BlackBerry from a “sell” rating to a “strong sell” rating and set a $10.12 price target on the stock. in a research note on Wednesday, October 11th. Canaccord Genuity raised their price target on shares of BlackBerry from $10.00 to $11.00 and gave the company a “hold” rating in a research note on Tuesday, October 17th. Zacks Investment Research upgraded shares of BlackBerry from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a research note on Tuesday, November 14th. Scotiabank restated an “outperform” rating and issued a $13.50 price target on shares of BlackBerry in a research note on Thursday, September 21st. Finally, Bank of America raised their price target on shares of BlackBerry from $7.50 to $8.00 and gave the company an “underperform” rating in a research note on Friday, September 22nd. Five equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $9.76.
BlackBerry Limited (BlackBerry) provides mobile communications solutions. The Company is engaged in the sale of smartphones and enterprise software and services. The Company’s products and services include Enterprise Solutions and Services, Devices, BlackBerry Technology Solutions and Messaging. 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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