BlackBerry (BBRY): Valuation Is Already Full - MKM
Get Alerts BBRY Hot Sheet
Rating Summary:
4 Buy, 31 Hold, 12 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 10 | New: 14
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MKM Partners analyst, Michael Genovese, reiterated his Neutral rating on shares of BlackBerry (NASDAQ: BBRY) noting that lack of revenue growth and a high valuation offsets the appeal of the company's strong, software driven, gross margins.
Mobility Solutions GM improved to 44% from 26% in the prior quarter, and is up significantly from 8% two quarters ago. All three revenue segments contributed positive operating income, with sharp sequential improvements in Software & Services and Mobility Solutions operating margins. However, BBRY also missed the analyst's revenue estimates in all three segments.
No change to the price target of $8.
For an analyst ratings summary and ratings history on BlackBerry click here. For more ratings news on BlackBerry click here.
Shares of BlackBerry closed at $7.50 yesterday.
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