MKM Partners Raises Price Target on BlackBerry (BBRY) Following 2Q Beat
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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
Macquarie Upgrades BlackBerry (BBRY) to Neutral
September 29, 2016 7:49 AM EDTMacquarie upgraded BlackBerry (NASDAQ: BBRY) from Underperform to Neutral with a price target of $8.50 (from $7.00).
For an analyst ratings summary and ratings history on BlackBerry click here. For more ratings news on BlackBerry click here.
Shares of BlackBerry closed at $8.33 yesterday.
... MoreBlackBerry (BBRY): Raising Valuation Range On Model Roll Forward, Still Cautious - Wells Fargo
September 29, 2016 7:47 AM EDTWells Fargo analyst, Maynard Um, reiterated his Market Perform rating on shares of BlackBerry (NASDAQ: BBRY) but raised his valuation range to $7.80-$8.60 (from $7.25-$8.00) as he rolls the model forward to FY18.
Upside in the quarter was a result of lower D&A while SAF profit upside was... More
BlackBerry (BBRY) volatility comes in after results and outlook
September 28, 2016 1:43 PM EDTBlackBerry (NASDAQ: BBRY) 30-day call option implied volatility of 30 compares to volatility of 43 from a month ago after reporting better than expected EPS outlook.
... MoreBlackberry (BBRY) October weekly 8.5 calls active on compressed implied volatility as shares rally
September 28, 2016 10:10 AM EDTBlackBerry (NASDAQ: BBRY) September weekly call option implied volatility is at 54. October is at 31; compared to its 52-week range of 30 to 70 after reporting better than expected Q2 EPS and guidance. Call put ratio it 4.5 calls to 1 put.
... MoreOptions with increasing volume: OCLR JD BBRY TAP DB GALT LOCO AWK FGP
September 28, 2016 9:48 AM EDTOptions with increasing volume: OCLR JD BBRY TAP DB GALT LOCO AWK FGP
... MorePre-Open Stock Movers 09/28: (SEED) (AVXL) (ATHX) Higher; (GALT) (TPX) (SONC) Lower (more...)
September 28, 2016 9:10 AM EDTToday's Pre-Open Stock Movers
Galectin Therapeutics Inc. (NASDAQ: GALT) 48% LOWER; announced topline results from NASH-FX, its Phase 2a clinical trial evaluating the efficacy, safety, and tolerability of GR-MD-02 in 30 nonalcoholic steatohepatitis (NASH) patients with advanced fibrosis. This exploratory, single site, short-treatment (four months of therapy), randomized study did not meet its primary biomarker endpoint as measured by LiverMultiScan (LMS, Perspectum Diagnostics), a magnetic resonance imaging test that evaluates inflammation and fibrosis. The trial also did not meet secondary endpoints that measure liver stiffness as a surrogate for fibrosis,... More
BlackBerry avoids smartphone risk with outsource move: CEO
September 28, 2016 7:15 AM EDTBy Alastair Sharp
WATERLOO, Ontario (Reuters) - BlackBerry Ltd's decision to outsource the development of its smartphones helps it avoid the risks of a competitive market and focus on its more lucrative businesses of software and managing rival devices, its chief executive said on Wednesday.
The company's shares (NYSE: BB)(NASDAQ: BBRY) rose 5 percent as investors welcomed a further shift away the money-losing handset business, in which BlackBerry had gone from being a market leader to trailing far behind rivals like Apple Inc (NASDAQ:... 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
BlackBerry (BBRY) Taps Sybase's Capelli as CFO
September 28, 2016 7:03 AM EDTBlackBerry Limited (Nasdaq: BBRY) announced the appointment of Steven Capelli as Chief Financial Officer. Capelli brings 25 years of executive experience in the software and technology industry with a strong track record for driving profitable growth and increased operational efficiencies across business and corporate functions.
"I am pleased to welcome Steve Capelli as our new Chief Financial Officer," said John Chen, Executive Chairman and CEO of BlackBerry. "Steve is a highly experienced and respected financial expert and a strong business... More
BlackBerry (BBRY) Tops Q2 EPS by 5c; Will End Internal Hardware Development; Boosts FY17 Outlook
September 28, 2016 6:51 AM EDTBlackBerry (NASDAQ: BBRY) reported Q2 EPS of $0.00, $0.05 better than the analyst estimate of ($0.05). Revenue for the quarter came in at $352 million versus the consensus estimate of $393.75 million.
The company will end internal hardware development. it will outsource hardware development to partners.
"We are reaching an inflection point with our strategy. Our financial foundation is strong, and our pivot to software is taking hold," said... More
Option volume flows
September 28, 2016 5:37 AM EDTOptions expected to have increasing volume: CZR PAYX BBRY TPX SCSS SONC GALT NKE CXW
Options with increasing call volume on September 27; CZR THO VIP PSG NCT ARAY CCJ ARRY
Options with increasing put volume on September 27; LXK CCJ AMPL OCN ITCI SYF CAR KITE CZR ARRY NKE SEDG
BlackBerry (BBRY) calls active on 4.5 calls for every 1 put into Q2
September 27, 2016 3:27 PM EDTBlackBerry (NASDAQ: BBRY) September weekly call option implied is at 113, October is at 47; compared to its 52-week range of 30 to 69 into the expected release of Q2 results on September 28. September weekly 8 and 8.5 calls are active on total call volume of 23K contracts (5K puts)
... MoreTrading Radar for 9/28: BlackBerry (BBRY), Actuant (ATU), Paychex (PAYX) Report
September 27, 2016 2:59 PM EDTThe Trading Radar highlights key earnings and economic announcements for the next trading session:
Before Markets Open:
Economics:
8:30am EDT
Earnings:
Actuant (NYSE:... More
Blackberry (BBRY) October calls active into Q2 and outlook
September 27, 2016 10:03 AM EDTBlackberry (BBRY) September weekly call option implied volatility is at 104. October is at 46; compared to its 52-week range of 30 to 70 into the expected release of Q2 results on September 28. Call put ratio it 3.5 calls to 1 put.
... More