BlackBerry (BBRY) Poised to Cut BB10 Build Targets

May 7, 2013 10:12 AM EDT
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BlackBerry (Nasdaq: BBRY) is poised to cut build targets on its flagship BB10 phones, according to analysts at Cleveland Research. Analysts said early feedback on Q10 sales in Canada and the UK suggest volume below expectations, and sell-through on Z10s was probably half the run-rate seen at introduction. This may result in lower build targets of 6 to 8 million from previous expectations of 10 to 12 million over the next few quarters.

In a separate report, analysts at Pacific Crest said production levels at 1.5 to 2 million per month were above sell-through levels and would need to be cut. Pacific Crest described the Q10 introduction in the U.K. and Canada as "mess" and noted slowing Z10 sell-through.

Pacific Crest has an Underperform rating on BlackBerry.

For an analyst ratings summary and ratings history on BlackBerry (NASDAQ: BBRY) click here. For more ratings news on BlackBerry click here.

Shares of BlackBerry closed at $15.57 yesterday.

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Manipulative headline by SHORTS
Bob on 2013-05-08 00:09:47
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Headline says BlackBerry will cut, but then article mentions that some dorky analyst thinks it will. TWO VERY DIFFERENT THINGS. What rubbish. Things are looking mighty desperate in Shortsville.

This is pure garbage!
WayneO on 2013-05-07 19:01:22
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Sorry, but it's unbelievable that this kind of opinion could even be posted publicly, let alone that it could affect the stock price even for a day. I guess the HFT algos can't distinguish between news, rumor or slander. It's true that the way to make money in the market is to trade like a five year old.

Jack on 2013-05-07 15:50:52
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Pacific crest & canacord genuity are well known bears of blackberry and will say and do anything to get the stock down as they have or have advised people to short the stock and things are going very well for BBRY. Why would StreetInsider present such biased unsubstatiated claims, where is the source of the information they are relaying poised does that mean going to maybe, thinking about seriously or what ?????

Blackberry Poised
Peter on 2013-05-07 10:39:59
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Are they "poised"? Fantastic! I'll translate: the story is complete BS.

Ozwaldo Ozzy Robles Olmedo on 2013-05-07 14:40:03
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hahahahhaah that's what I said!! POISED??? Expect to see this article extensively repeated. The shorts are at it AGAIN!

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