Smartphone Users Now Looking Beyond Email; Analyst Concerned with RIM's LT Prospects
RIMM Hot Sheet
Rating Summary:5 Buy, 32 Hold, 14 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 16 | Down: 7 | New: 23
As reported this morning, an analyst at GMP Securities downgraded shares of Research In Motion (Nasdaq: RIMM) from Buy to Hold today. The stock is seeing some downside pressure as the analyst makes several good points related to RIMM's long-term prospects (although the firm does believe the near-term growth story is still intact):
- smartphone technology seems to be aiming past email. As we all know, a BlackBerry's "push" email is probably its strongest selling point.
- consumers are looking for a wider variety of capabilities, for example, media content and entertainment.
- to this last point, Research In Motion's BlackBerry lags the Apple (Nasdaq: AAPL) iPhone and also looks like it will undoubtedly be inferior to a Google (Nasdaq: GOOG) smartphone.
- prospects for increased competition might put pressure on BlackBerry service fees.
You May Also Be Interested In
- UPDATE: UBS Downgrades Wisconsin Energy (WEC) to Neutral; Taking Some Off The Table
- Facebook (FB) Short Interest Nears Double-Digit Levels
- Zynga (ZNGA) Holds Above Key Level Amid Increased Volatility; Still Well Below 50-Day SMA
Create E-mail Alert Related Categories
Downgrades, Trader TalkSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
