Cormark Upgrades BlackBerry (BBRY) to Top Pick, 'Risk/Reward Looks Good'
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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
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
Verizon (VZ) Begins Carrying the BlackBerry (BBRY) Z10 Smartphone
April 1, 2013 11:06 AM EDTThe BlackBerry (Nasdaq: BBRY) Z10 became available online and in Verizon Wireless (NYSE: VZ) stores on March 28.
The new BlackBerry 10 platform includes the BlackBerry Hub, a center for communication that streamlines all of a users messages, and a keyboard that adapts to their style. Verizon Wireless will offer the BlackBerry Z10 and the BlackBerry Q10, two global-ready 4G LTE smartphones running BlackBerry 10, providing customers with more 4G LTE smartphones to choose from. The... 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
BlackBerry (BBRY) Q4 Results Positive, But Don't Get Hopes Up - FBR
April 1, 2013 8:52 AM EDTWhile FBR Capital was somewhat impressed with BlackBerry's (Nasdaq: BBRY) Q4 results and sees catalysts on the horizon they maintained an Underperform rating as they expect the company to struggle to generate a consistent operating profit. The firm's price target moves from $6.50 to $11.
On the results, analyst Scott... More
BlackBerry (BBRY) CEO Heins Won't Comment on M&A Speculation
March 28, 2013 2:15 PM EDTOn CNBC today, BlackBerry (Nasdaq: BBRY) CEO Thorsten G. Heins declined to comment on M&A speculation, but did say there was a "lot of interest" in the BlackBerry 10 platform. He mentioned earlier that BlackBerry might be interested in doing some licensing deals with the... 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
