Needham & Company Upgrades BlackBerry (BBRY) to Hold
- Nasdaq, S&P tumble as Netflix, chip stocks drag; AmEx boosts Dow
- Sony/Apollo bid for Paramount could be worth as much as $29 billion - Source
- Netflix Q1 earnings top estimates on blowout subscriber growth
- Nasdaq tumbles, Treasuries dip amid earnings, geopolitical crosscurrents
- Gold prices rally past $2,400 on reports of Israel strikes on Iran
- Tritium DCFC Limited (DCFC): Three Australian subsidiaries were determined to be insolvent or likely to become insolvent
- Hasbro (HAS) Announces Resignation of Cynthia Williams, President of Wizards of the Coast and Hasbro Gaming
- Jabil falls after placing CEO on paid leave amid internal investigation
- Frontier Communications (FYBR) says third party had gained unauthorized access to portions of its information technology environment
- Ibotta (IBTA) Prices 6.56M Share IPO at $88/sh
- Midday movers: Netflix, Super Micro fall; Paramount Global gains
- After-hours movers: Netflix, Intuitive Surgical, Nordstrom, KB Home
- Midday movers: Tesla, Blackstone, Las Vegas Sands fall; DR Horton rises
- After-hours movers: Alcoa rises; Equifax and Las Vegas Sands fall
- Midday movers: Travelers, JB Hunt fall; United Airlines rises
BlackBerry (BBRY) Target Lifted at Canaccord Genuity on Updated SOTP
March 31, 2014 8:50 AM EDTCanaccord Genuity analyst T. Michael Walkley boosted his price target on BlackBerry (NASDAQ: BBRY) from $6 to $8 following Q4 results based on a sum-of-parts analysis.
Walkley notes February quarter results were soft. However, a better services versus hardware revenue mix and significantly lower... More
BlackBerry (BBRY) PT Cut to $8.80 at Goldman Sachs
March 31, 2014 8:33 AM EDTGoldman Sachs maintained a Neutral rating on BlackBerry (NASDAQ: BBRY) and trimmed its price target to $8.80 (from $9.50). Analyst Simona Jankowski called the company's Q4 "mixed."
"BlackBerry beat consensus EPS estimates by a wide margin on aggressive cost cutting, with gross margin of 43% well ahead of consensus at 35% (GS at 40%), and opex of $577mn... More
BlackBerry (BBRY) Target Price Lifted at Nomura Securities
March 31, 2014 8:01 AM EDTNomura Securities analyst Stuart Jeffrey reiterated a Neutral rating on BlackBerry (NASDAQ: BBRY) and raised his price target from $7 to $9.
Jeffrey comments, "There are signs of hope that new managements turnaround can succeed but, meaningful challenges remain. Device gross margins are... More
Evercore Partners Downgrades BlackBerry (BBRY) to Underweight
March 31, 2014 6:45 AM EDTEvercore Partners downgraded BlackBerry (NASDAQ: BBRY) from Equal Weight to Underweight.
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 $8.41 yesterday.... More
Credit Suisse Downgrades BlackBerry (BBRY) to Underperform
March 31, 2014 6:43 AM EDTCredit Suisse downgraded BlackBerry (NASDAQ: BBRY) from Neutral to Underperform with a price target of $6.00 (from $7.00).
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 $8.41 yesterday.... More
Credit Suisse Downgrades BlackBerry (BBRY) to Underperform; Mixed Q4 Results Didn't Improve Turnaround Outlook
March 31, 2014 6:23 AM EDTCredit Suisses cuts BlackBerry (Nasdaq: BBRY) from Neutral to Underperform and trims its price target from $7 to $6.
Analyst Kulbinder Garcha noted weaker-than-expected Q4 top-line results, though underlying operating loses of $176 million topped expectations. The analyst is concerned over the level of free... More