Deutsche Bank Comments on BlackBerry's (BBRY) Q3
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Imperial Capital Remains on the Sidelines with BlackBerry (BBRY) Following Q3 Results
December 22, 2014 9:47 AM ESTImperial Capital analyst Michael Kim reiterated an In-Line rating and $10 price target on BlackBerry (NASDAQ: BBRY) following mixed Q3 results.
Kim commented, "Despite substantially lower than expected hardware revenue, management achieved further turnaround progress in F3Q15 through aggressive cost reductions and more favorable mix. We anticipate improved hardware stabilization... More
BlackBerry (BBRY) Neutral Rating Maintained at MKM Partners
December 19, 2014 3:46 PM ESTMKM Partners maintained a Neutral rating on BlackBerry (NASDAQ: BBRY) with a price target of $10.00. Analyst Michael Genovese called Q3 results mixed.
"BlackBerrys 3QFY15 results (November) were a mixed bag with a large revenue miss driven by handset ASP... More
Cowen Comments on BlackBerry's (BBRY) Q3 Results; Maintains 'Market Perform' Rating
December 19, 2014 8:57 AM ESTCowen and Company offered the following initial thoughts on BlackBerry (Nasdaq: BBRY) after the company provided Q3 results earlier on Friday's session.
Analyst Tim Arcuri said: BBRY delivered yet another slight EPS beat and achieved non-GAAP profitability in FQ3:15, but meaningfully missed the top-line on Q/Q declines in both Hardware and Software revenue. Positive cash flow and stable net cash are clear positives, but Software growth remains the critical driver of the long-term turnaround and near-term... More
BlackBerry (BBRY) Announces Availability of Cross-Platform EMM Solution, BES12
December 19, 2014 7:03 AM ESTBlackBerry (NASDAQ: BBRY) announced that BES12: a cross-platform EMM solution includes support for Android 5.0 Lollipop. BES12 support for Android Lollipop was made available to customers in early November. The capability underscores BlackBerry's commitment to unparalleled security in managing devices from multiple platforms in the enterprise, and further demonstrates the breadth of BES12 functionality.
Android is an... More
BlackBerry (BBRY) Posts Surprise Q3 Profit; Reports 100% Sequential Growth in BES10 Licenses
December 19, 2014 7:01 AM ESTBlackBerry (NASDAQ: BBRY) reported Q3 adjusted EPS of $0.01, $0.06 better than the analyst estimate of ($0.05). Revenue for the quarter came in at $793 million versus the consensus estimate of $959.54 million.
During the third quarter, the Company recognized hardware revenue on approximately 2 million BlackBerry smartphones. During the third quarter,... More
