BlackBerry (BBRY) Q4 Results Positive, But Don't Get Hopes Up - FBR
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BlackBerry (BBRY) Has a Snowball's Chance in Hell - Berenberg
April 2, 2013 11:40 AM EDTBlackBerry (NASDAQ: BBRY) was able to eke out a profit in its latest quarter. So what? said analysts at Berenberg Tuesday, which highlighted that risk/reward is still heavily skewed to the downside.
Analyst Adnaan Ahmad reiterated his Sell rating and price target of $5.00 on BlackBerry, saying the critical question that investors need to ask themselves is - "where are the sustainable profits originating from?"
Ahmad notes that the services business has historically been the margin and cash flow engine on which investors could hang onto and use as a... More
Cormark Upgrades BlackBerry (BBRY) to Top Pick, 'Risk/Reward Looks Good'
April 1, 2013 4:48 PM EDTCormark upgraded BlackBerry (NASDAQ: BBRY) from Buy to Top Pick with a price target of $20.00. Analyst Richard Tse said BlackBerry's risk/reward "looks good" and made note of recent strength in operating results. In his view this reduces execution risk. Tse also pointed to... More
Blackberry (BBRY): Analyst Looks Beyond the BB10 Launch
April 1, 2013 12:48 PM EDTBlackberry (Nasdaq: BBRY) recently reported Q4 results, with EPS beating estimates driven by improved gross margin. In order to keep the ball rolling, the company needs to focus on service innovations, in the view analysts at TD Securities.
"First, we model the enterprise base expanding to... More
BlackBerry (BBRY) Near-Term Momentum to Continue - Nomura
April 1, 2013 11:38 AM EDTAnalyst commentary continues to pour in on BlackBerry (NASDAQ: BBRY) following last week's surprise Q4 profit. Nomura Securities was the latest.
Nomura's Stuart Jeffrey sees the positive momentum likely sustained for 2-3 quarters although he said it will likely ease in 3-5 quarters. He also notes fundamentals are still tough.
"We expect BBRY to post... More
Paradigm Upgrades BlackBerry (BBRY) to Speculative Buy
April 1, 2013 11:03 AM EDTParadigm upgraded BlackBerry (NASDAQ: BBRY) from Hold to Speculative Buy with a price target of $19.00.
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 $14.45 yesterday, with a 52 week range of $12.55-$17.22.... More
Wells Improves Estimates on BlackBerry (BBRY); Gross Margin to Outpace Views
April 1, 2013 7:49 AM EDTWells Fargo is boosting certain estimates on BlackBerry (Nasdaq: BBRY) and thinks that guidance might prove a little conservative.
According to Wells analyst Maynard Um and his team, gross margin was the biggest surprise for BlackBerry in its latest quarter, though most of that surprise might already be baked into the share price. One key factor to watch moving forward into fiscal... More
BlackBerry (BBRY) Proves It's 'Here to Stay' - Sterne Agee
March 28, 2013 12:50 PM EDTSterne Agee's Shaw Wu has been skeptical of BlackBerry (NASDAQ: BBRY) to say the least, but in a note today following the company's fourth quarter results he said the key takeaway is "BBRY is here to stay with stabilization in its business and balance sheet."... More
BlackBerry (BBRY) in the Black; Byron Capital Sings Praises
March 28, 2013 11:47 AM EDTAnalysts continue to shine praise on smartphone BlackBerry (NASDAQ: BBRY) after a better-than-expected fourth quarter, specifically on the margin side.
Byron Capital's Tom Astle noted that unit shipments - 1 mil BB10, 5 mil BB7 - were in-line with his expectations.... More
BlackBerry (BBRY) Margins Will Trigger Broad Increases in Consensus Forecasts - Nomura
March 28, 2013 9:41 AM EDTNomura Securities analyst Stuart Jeffrey said he expects BlackBerry's (NASDAQ: BBRY) better-than-expected Q4 profitability to trigger broad increases in consensus forecasts, driven by higher margin expectations. Still, the analyst maintained a Neutral rating and downside $10 price target at this point.
Some key highlights to the quarter, according to the analyst:
5% miss to consensus revenues
910bp beat to consensus gross margin
In... More
BlackBerry (BBRY) Q4 'Much Better Than Expected', Guidance 'Conservative' - Misek
March 28, 2013 7:58 AM EDTJefferies' Peter Misek had some quick thoughts on BlackBerry's (NASDAQ: BBRY) fourth quarter results and from where he's sitting they were "much better than expected."
Misek notes that despite revenues and handsets units being slightly light, FQ4 (Feb) GM and EPS dramatically... More
