BlackBerry and Cisco Sign Broad Patent Cross-Licensing Agreement

BlackBerry's (BBRY) Price Target Lowered to $7 at Deutsche Bank

Deutsche Bank earlier maintained a Hold rating on BlackBerry (NASDAQ: BBRY) and lowered its price target to $7.00 (from $9.00). The change follows the company's Q1 results. Analyst Brian Modoff described results as "weak."

"We note meaningful weakness in the hardware business ($263.2M versus consensus: $327.5M) and in services ($250.0M versus consensus: $271.6M). Software revenues, however, were boosted... More

Canaccord Genuity Cuts Price Target on BlackBerry (BBRY) Following 1Q16 Results

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

Oppenheimer Reiterates Perform Following BlackBerry's (BBRY) Q1 EPS Miss

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

BlackBerry (BBRY), Cisco (CSCO) Enter Long-Term Patent Cross-Licensing Deal

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