BMO Capital Remains Sidelined on BlackBerry (BBRY) Following Mixed 4Q
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April 4, 2016 8:07 AM EDT
Imperial Capital reiterated an In-Line rating and $9.00 price target on BlackBerry (NASDAQ: BBRY) following the company's 4Q earnings report. Revenue was negatively affected by lower-than-expected hardware sales and declining Service Access Fees, offset by higher software revenue and acquisitions. Adjusted EPS was... More
April 4, 2016 6:39 AM EDT
BlackBerry Limited (Nasdaq: BBRY) announced the launch of a new BBM release on iOS, Android and BlackBerry smartphones. With this new release(i), BBM users can now take advantage of enhanced privacy and control features that allow them to take control over the messages and content that they share without any subscription fees.
BBM users can 'Retract' their message and pictures from recipients to take them back from their phone if they were sent... More
April 1, 2016 3:56 PM EDT
1. Markets started out low and melted higher following economic data on Friday. Total nonfarm payroll employment rose by 215,000 in March, and the unemployment rate was little changed at 5.0 percent, the U.S. Bureau of Labor Statistics reported. (The Street was looking for a gain of 205,000.) Employment increased in retail trade, construction, and health care. Job losses occurred in manufacturing and mining.
2. Tesla Motors (Nasdaq:... More
April 1, 2016 12:37 PM EDT
(Updated - April 1, 2016 12:42 PM EDT)
BlackBerry (Nasdaq: BBRY) CEO John Chen says the company needs a mid-range phone to compete and that it could have a crossover effect, according to comments made on Bloomberg TV today. He noted a soft high-end... More
April 1, 2016 10:26 AM EDT
BlackBerry (NASDAQ: BBRY) posted the following to its Blog on Friday:
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Propelled by the win of more than 10,000 enterprise customers, BlackBerry topped its publicly-announced target of $500 million in software and service sales for its just-finished fiscal year.
For FY16 ending February 29, 2016, BlackBerry software and services revenue grew to $527 million, up 113% over FY15, as BlackBerry absorbed category-leading software firms including Good Technology, WatchDox and AtHoc, while releasing new software and winning new customers.
We are performing well and are very pleased, said Executive Chairman and CEO John Chen during a... More
April 1, 2016 9:25 AM EDT
BlackBerry (NASDAQ: BBRY) 9.2% LOWER; reported Q4 EPS of ($0.03), $0.07 better than the analyst estimate of ($0.10). Revenue for the quarter came in at $464 million versus the consensus estimate of $563.18 million.
Cardiovascular Systems, Inc. (NASDAQ:... More
April 1, 2016 7:17 AM EDT
BlackBerry (Nasdaq: BBRY) will resume trading at 7:30am EDT.
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April 1, 2016 7:01 AM EDT
(Updated - April 1, 2016 7:02 AM EDT)
BlackBerry (NASDAQ: BBRY) reported Q4 EPS of ($0.03), $0.07 better than the analyst estimate of ($0.10). Revenue for the quarter came in at $464 million versus the consensus estimate of $563.18 million.
Pretax gross margin was 45.3 percent, or 48.7 percent post-tax.
BlackBerry had over 3,600... More
April 1, 2016 6:59 AM EDT
BlackBerry (NASDAQ: BBRY) trading halted with news pending.
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March 31, 2016 3:44 PM EDT
Wells Fargo analyst Maynard Um reiterated a Market Perform rating and $7.25-$8 valuation target on BlackBerry (NASDAQ: BBRY) ahead of results before the bell on Friday.
Um said their analysis suggests gross margin could be better than guidance.
"We forecast revs/EPS of $571MM/$(0.06) vs Streets $565MM/($0.10) and guidance of in line or better than ($0.11) for FQ4. While GM... More
