BlackBerry Ltd (BBRY) is Upgraded by Raymond James to Outperform

BlackBerry Ltd (BBRY) was Upgraded by Raymond James to ” Outperform”. Earlier the firm had a rating of “Mkt Perform ” on the company shares. Raymond James advised their investors in a research report released on Aug 12, 2016.

Many Wall Street Analysts have commented on BlackBerry Ltd. Shares were Reiterated by RBC Capital Mkts on Jun 24, 2016 to “Sector Perform” and Lowered the Price Target to $ 7 from a previous price target of $8 .Shares were Reiterated by Imperial Capital on Jun 16, 2016 to “In-line” and Lowered the Price Target to $ 7 from a previous price target of $7.50 .BlackBerry Ltd was Initiated by Macquarie to “Underperform” on May 18, 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 $7.75 and hit $7.83 on the upside on Monday, eventually ending the session at $7.81, with a gain of 0.77% or 0.06 points. The heightened volatility saw the trading volume jump to 34,20,102 shares. Company has a market cap of $4,081 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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