BlackBerry Ltd (BBRY) is Reiterated by Imperial Capital to In-line, Raises Price Target to $ 8.50

BlackBerry Ltd (BBRY) was Reiterated by Imperial Capital to “In-line” according to the research note released today. The brokerage firm has raised the Price Target to $ 8.50 from a previous price target of $7 . Imperial Capital advised their investors in a research report released on Sep 30, 2016.

Many Wall Street Analysts have commented on BlackBerry Ltd. BlackBerry Ltd was Upgraded by Macquarie to ” Neutral” on Sep 29, 2016. Company shares were Reiterated by RBC Capital Mkts on Sep 29, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 7.50 from a previous price target of $7 .BlackBerry Ltd was Upgraded by Raymond James to ” Outperform” on Aug 12, 2016.

On the company’s financial health, BlackBerry Ltd reported $-0.03 EPS for the quarter, beating the analyst consensus estimate by $ 0.12 according to the earnings call on Dec 18, 2015. Analyst had a consensus of $-0.15. The company had revenue of $548.00 million for the quarter, compared to analysts expectations of $487.98 million. The company’s revenue was down -30.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.01 EPS.

BlackBerry Ltd opened for trading at $7.83 and hit $7.94 on the upside on Tuesday, eventually ending the session at $7.88, with a gain of 0.77% or 0.06 points. The heightened volatility saw the trading volume jump to 45,10,212 shares. Company has a market cap of $4,117 M.

BlackBerry Limited (BlackBerry) is a provider of mobile communications and services. The Company is engaged primarily in the provision of the BlackBerry wireless solution consisting of smartphones service and software. The Company’s four areas of business are Devices business Enterprise Services BlackBerry Technology Solutions (BTS) business and Messaging. The Company’s Devices business is focused on delivering smartphone products. BlackBerry’s Enterprise Services business offers enterprise products and services. The Company’s BTS business consists of five units: QNX Software Systems Limited (QNX) Certicom Paratek the BlackBerry Internet of Things (IoT) Platform and Intellectual Property and Patent Licensing (IPPL). The Company’s Messaging business is engaged in providing BlackBerry Messenger (BBM) the Company’s instant mobile to mobile private messaging service. The Company offers a portfolio of smartphone products to both the enterprise and consumer markets.

BlackBerry Ltd

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