Wedbush Cuts Numbers on RIM (RIMM), Too Far Behind Apple to Catch Up
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Price: $14.64 +12.36%
Rating Summary:
0 Buy, 0 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Rating Summary:
0 Buy, 0 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Trade RIMM Now!
Wedbush cut numbers on Neutral-rated Research In Motion Ltd. (NASDAQ: RIMM) following disappointing Q4 results, strategic review, and decision not to provide guidance.
The firm comments, "We continue to be cautious on RIM as we believe the company’s integrated strategy continues to greatly lag Apple's. While Apple is moving forward with
iCloud and other connected devices, RIM continues to focus on its OS and device upgrades in smartphones and tablets. In our opinion, a materialpartnership in the consumer segment or a separation of platform from devices will be key to unlock value, which we are unsure RIM will do."
FY13 EPS goes from $2.72 to $2.52.
For an analyst ratings summary and ratings history on Research In Motion Ltd. click here. For more ratings news on Research In Motion Ltd. click here.
Shares of Research In Motion Ltd. closed at $13.73 yesterday, with a 52 week range of $12.45-$57.85.
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The firm comments, "We continue to be cautious on RIM as we believe the company’s integrated strategy continues to greatly lag Apple's. While Apple is moving forward with
iCloud and other connected devices, RIM continues to focus on its OS and device upgrades in smartphones and tablets. In our opinion, a materialpartnership in the consumer segment or a separation of platform from devices will be key to unlock value, which we are unsure RIM will do."
FY13 EPS goes from $2.72 to $2.52.
For an analyst ratings summary and ratings history on Research In Motion Ltd. click here. For more ratings news on Research In Motion Ltd. click here.
Shares of Research In Motion Ltd. closed at $13.73 yesterday, with a 52 week range of $12.45-$57.85.
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