BlackBerry Reports Strong Software Revenue and Positive Cash Flow for the Fiscal 2016 First Quarter
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June 24, 2015 9:39 AM EDT
Canaccord Genuity maintains a Hold rating on BlackBerry (NASDAQ: BBRY), and cut the price target to $8.00 (from $10.00), following 1Q16. Reported sales of $658M were below consensus estimates of $689M. BlackBerry lowered its FY16 total software-related sales expectations from $600M to ~$500M, and the $500M now includes licensing revenue versus prior guidance of software only revenue.
Analyst Michael... More
June 24, 2015 9:14 AM EDT
Oppenheimer reiterates a Perform rating on BlackBerry (NASDAQ: BBRY) following 1Q16 results. BBRY reported revenues of $658M below consensus of $682M. Non-GAAP EPS was also below consensus at -$0.05 compared to -$0.03. However, both results were above Oppenheimer's estimates of $590M revenue and $-0.13 EPS.... More
June 23, 2015 7:33 AM EDT
BlackBerry (Nasdaq: BBRY) and Cisco (Nasdaq: CSCO) announced that they have entered into a long-term patent cross-licensing agreement covering their respective products and technologies.
As part of the cross-licensing agreement, BlackBerry will receive a license fee from... More
