BlackBerry (BBRY) Gets Juiced Amid U.S. Z10 Launch
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Initial Demand for Blackberry (BBRY) BB10 Phones Not Sustainable, Warns Analyst
March 26, 2013 3:04 PM EDTLast week BlackBerry (Nasdaq: BBRY) began selling its new Z10 smartphone in the U.S. While much has been made about the initial success of the Z10, analyst Colin W. Gillis of BGC Partners is concerned about longer term demand this summer and into next year.
"The other major market participants are... More
TD Securities Comments on BlackBerry (BBRY) Z10 Sales
March 25, 2013 11:01 AM EDTTD Securities today maintained a Hold rating on BlackBerry (NASDAQ: BBRY) with a price target of $17.00.
Commenting on Blackberry's Z10 launch on Friday, analyst Scott Penner said, "Reports of sell-through were varied but by and large the phone was selling well to existing BlackBerry... More
Blackberry (BBRY) Z10 Progressing as Expected, Says Wells Fargo; Goldman Disagrees
March 25, 2013 8:40 AM EDTWells Fargo analyst Maynard Um put out a note today discussing his take on Blackberry (Nasdaq: BBRY) Z10 sales in the U.S. In his view, despite early reports of disappointing sales on Friday, there is no cause for alarm and the launch is progressing as expected.
"Our... More
BlackBerry (BBRY) U.S. Z10 Launch Slightly Above Modest Expectations - Jefferies
March 25, 2013 6:54 AM EDTWhile Goldman Sachs downgraded BlackBerry (NASDAQ: BBRY) Monday, on what it called a disappointing Z10 U.S. launch, Jefferies' Peter... More
Goldman Calls BlackBerry (BBRY) Z10 Launch 'Disappointing'; Cuts to Neutral
March 25, 2013 6:25 AM EDTGoldman Sachs is removing BlackBerry (Nasdaq: BBRY) from its Americas Buy List, cutting its rating to Neutral on Monday. The firm moved its 12-month price target from $19 to $17.
Goldman says it sill sees BlackBerry having a binary outcoming which depends on the success of its BB10 launch and ability to reverse its declining market share trajectory.... More
A Telling Sign of BlackBerry (BBRY) Z10 Demand?
March 22, 2013 2:57 PM EDTOr, maybe BlackBerry (BBRY) users just don't use Twitter.
According to a message posted from the official BlackBerry account, about 143 people are either... More
BlackBerry (BBRY) Store Sold Only 7 Phones - CNBC
March 22, 2013 10:34 AM EDTA CNBC report said BlackBerry's (NASDAQ: BBRY) launch of the Z10 is going slow and at one store only 7 phones were sold so far.... More
Blackberry (BBRY) Checks Show Euphoria Fading Fast, Analyst Warns of Margin Pressure
March 22, 2013 9:06 AM EDTAccording to checks by analysts Brian Modoff of Deutsche Bank, euphoria over Blackberry's (Nasdaq: BBRY) Z10 phones is quickly fading in both the UK and Canada. In their most recent round of checks, researchers contacted 60 stores and not one was sold out, and two... More
BlackBerry (BBRY) Preps for Biggest Z10 Launch Yet: the U.S.
March 22, 2013 7:37 AM EDTBlackBerry (Nasdaq: BBRY) looks like its in positive territory Friday morning as sales commence in one of the company's largest markets.
Following the debut of its new BlackBerry 10 operating system in late January, BlackBerry will launch its Z10 handset today, with the first devices to be carried by wireless giant AT&T (NYSE: T). Verizon Wireless (NYSE:... More
UPDATE: Cormark Upgrades BlackBerry (BBRY) to Buy, Sentiment Turning
March 21, 2013 3:13 PM EDT(Updated - March 21, 2013 4:43 PM EDT)
This morning Cormark upgraded BlackBerry (NASDAQ: BBRY) from Market Perform to Buy with a price target of $20 (from $14). BlackBerry stock, notes analyst Richard Tse, is driven by sentiment and expectations and he sees both turning... More
UPDATE: Byron Capital Markets Downgrades BlackBerry (BBRY) to Hold, Cautious About Feb. Unit Sales
March 21, 2013 8:34 AM EDT(Updated - March 21, 2013 10:21 AM EDT)
Byron Capital Markets downgraded BlackBerry (NASDAQ: BBRY) from Buy to Hold with a price target of $18 Thursday. Analyst Tom Astel said he thinks the company is still a turnaround story, but would prefer to buy to... More
Blackberry (BBRY) Gross Margin Could Surprise to Upside, Says Analyst
March 21, 2013 8:24 AM EDTAnalyst Maynard Um of Wells Fargo thinks the Street is underestimating gross margin at turnaround story BlackBerry (NASDAQ: BBRY).
"Key to our blended gross margin forecast of 32% is higher mix of BB10, which we estimate at 27% gross margin, and lower mix of... More
BlackBerry (BBRY) Hits Snag as U.K. Gov't Says BB10 'Not Secure Enough'
March 20, 2013 8:25 AM EDTBlackBerry (Nasdaq: BBRY) may lose a stronghold in one of its key operating markets following the release of BB10.
According to U.K.'s The Guardian, the UK's Communications-Electronics Security Group (CESG) rejected usage of BB10 under conditions that the operating system wasn't secure enough for essential work.
... More
UPDATE: BlackBerry (BBRY) Gets Another Bull; Morgan Stanley Raises Two-Notches to Overweight
March 20, 2013 7:14 AM EDT(Updated - March 20, 2013 10:33 AM EDT)
Morgan Stanley upgraded BlackBerry (Nasdaq: BBRY) two-notches from Underweight to Overweight, boosting its price target from $10 up to $22.
Cited in the upgrade, analyst Ehud Gelblum sees a mix-shift at BlackBerry lifting margins "even after accounting for the steep decline in higher margin services revenue."
Gelblum is adopting a new sum-of-the-parts (SOTP) methodology on the known assets in valuing BlackBerry given lessening hope for the company to occupy the third spot for mobile OS market share. He explains, "that with Windows Phone 8 lacking traction in... More
