BlackBerry Reports 89% Year Over Year Growth in GAAP Software and Services Revenue for Q2 Fiscal 2017; Company Announces New Strategic Direction for Mobility Solutions
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Imperial Capital Raises Price Target on BlackBerry (BBRY) to $8.50 Following 2Q Report
September 30, 2016 7:33 AM EDTImperial Capital reiterated an In-Line rating on BlackBerry (NASDAQ: BBRY), and raised the price target to $8.50 (from $7.00), following 2Q earnings report. Management reaffirmed its FY17 outlook for the software and services business and continues to expect revenue growth of 30%. Management also estimates adjusted EPS of ($0.05)-$0.00 for FY17, up from previous guidance of approximately ($0.15).... More
MKM Partners Raises Price Target on BlackBerry (BBRY) Following 2Q Beat
September 29, 2016 10:46 AM EDTMKM Partners reiterated a Neutral rating on BlackBerry (NASDAQ: BBRY), and raised the price target to $8.00 (from $7.50), following the company's 2Q earnings report. EPS came in better than expected at $0.00, compared to ($0.06) estimates. Total revenues came in at $352mn, compared to consensus estimates at $392mn.... More
BlackBerry (BBRY), PT BB Merah Putih Enter Software Licensing Agreement
September 28, 2016 7:05 AM EDTBlackBerry Limited (Nasdaq: BBRY) announced an agreement with newly formed joint venture PT BB Merah Putih to license BlackBerry software and services for the production of handsets for the Indonesian market. This partnership accelerates BlackBerry's overall focus on driving software growth, specifically developing and licensing device software offerings, including security solutions and applications, through its Mobility Solutions business unit.
BB Merah Putih will source, distribute and promote BlackBerry-branded devices that use BlackBerry's secure Android software and applications. BB Merah Putih will have full access to the BlackBerry experience, which includes the trusted... More
