BlackBerry (BBRY) increase share repurchase play by 15 million shares

Imperial Capital Cuts Price Target on BlackBerry (BBRY) Following 2Q16 Earnings Results

September 29, 2015 8:10 AM EDT

Imperial Capital reiterated an In-Line rating on BlackBerry (NASDAQ: BBRY), and cut the price target to $7.00 (from $9.50), following the company's 2Q16 earnings results. BBRY reported revenue of $490mn and adjusted net loss of $0.13 per share, below
Street estimates of $605mn and $0.09, respectively.

Analyst Michael Kim commented, "We are... More

UBS Cuts Price target on BlackBerry (BBRY) as Devices and Services Businesses Continue to Erode

September 28, 2015 9:09 AM EDT

UBS reiterated a Neutral rating on BlackBerry (NASDAQ: BBRY), and cut the price target to $7.50 (from $10.00), as devices and services businesses continue to erode.

Analyst Amitabh Passi commented, "We agree with CEO John Chen: Blackberry's success hinges on its ability to build... More

BlackBerry (BBRY) Numbers Cut at MKM Partners Following 'Miss'; Software Sales Concerning

September 25, 2015 3:45 PM EDT

MKM Partners analyst Michael Genovese reiterated a Neutral rating and lowered his price target on BlackBerry (NASDAQ: BBRY) to $7.25 (from $8.00) following a Q2 miss on "across-the-board weakness."

The analyst said the shortfall in Software sales is the most concerning. "Software revenues came in at $74mn vs. consensus at $109mn.... More

BlackBerry posts weaker-than-expected results, pledges revenue gain

September 25, 2015 7:19 AM EDT

By Euan Rocha

TORONTO (Reuters) - Smartphone maker BlackBerry Ltd reported weaker-than-expected quarterly results on Friday but forecast higher revenue and said it might replace its operating system with Google Inc's Android platform.

The Waterloo, Ontario-based company, which is pursuing a turnaround plan based on selling more software, said it expected modest revenue growth in the remaining two quarters of this fiscal year, after nine quarters of falling sales, and a return to profitability in the fourth quarter.

It also confirmed widely expected plans to launch an Android smartphone later this year. This marked a... More

BlackBerry (BBRY) Misses Q2 EPS by 4c

September 25, 2015 7:01 AM EDT

(Updated - September 25, 2015 7:03 AM EDT)

BlackBerry (NASDAQ: BBRY) reported Q2 EPS of ($0.13), $0.04 worse than the analyst estimate of ($0.09). Non-GAAP revenue for the second quarter of fiscal 2016 was $491 million with GAAP revenue of $490 million.

Total cash, cash equivalents, short-term and long-term investments was $3.35 billion as of August 29, 2015. The cash balance increased $37 million in the second... More