BlackBerry (BBRY) Posts Q1 adj.-Loss of 13c/Share; Expects Q2 Loss
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BlackBerry (BBRY) Death Knell Premature, Thinks Analyst
July 2, 2013 9:49 AM EDTTD Securities today maintained a Hold rating on BlackBerry (NASDAQ: BBRY) with a modified price target of $13.00 (from $17.00). Analyst Scott Penner thinks it's too early for BlackBerry's funeral and is waiting more clarity on the Q5 launch.
"Seems early... More
Needham & Company Downgrades BlackBerry (BBRY) to Underperform; Blames Fail on BB10 Devices
July 1, 2013 8:12 AM EDTNeedham & Company downgraded BlackBerry (NASDAQ: BBRY) from Hold to Underperform following its Q1 disappointment.
"BlackBerry reported a $0.17 loss in the first fiscal quarter, a period when earnings should be positive and rising," analyst Charlie Wolf notes. "We believe these results call into question whether the company's new BlackBerry 10 family can save the day.
The analyst... More
Deutsche Bank Downgrades BlackBerry (BBRY) to Sell
July 1, 2013 7:24 AM EDTDeutsche Bank downgraded BlackBerry (NASDAQ: BBRY) from Hold to Sell with a price target of $6.00 (from $8.00). Analyst Brian Modoff thinks the BB10 and its device business will be the company's Achilles heel.
"If they choose to keep plowing money into marketing BB10 devices... More
Morgan Stanley Downgrades BlackBerry (BBRY) to Equalweight
July 1, 2013 7:15 AM EDTMorgan Stanley downgraded BlackBerry (NASDAQ: BBRY) from Overweight to Equalweight.
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 $10.46 yesterday, with a 52 week range of $10.25-$17.22.... More
Societe Generale Downgrades BlackBerry (BBRY) to Hold
July 1, 2013 7:14 AM EDTSociete Generale downgraded BlackBerry (NASDAQ: BBRY) from Buy to Hold.
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 $10.46 yesterday, with a 52 week range of $10.25-$17.22.... More
Wells Cuts BlackBerry (BBRY) to Market Perform, Warns Shorts About Possible M&A
June 28, 2013 3:20 PM EDTWells Fargo downgraded BlackBerry (NASDAQ: BBRY) from Outperform to Market Perform with a price target of $10.50-$12 (from $19-$20). Analyst Maynard Um said the downgrade does not necessarily reflect a view that BBRY will not be able to succeed, but, rather, that success may... More
BlackBerry (BBRY) Bull Speaks Out, Says MDM Still Likely to Ramp
June 28, 2013 2:04 PM EDTBears had their way with BlackBerry (Nasdaq: BBRY) stock on Friday, sending shares lower by 26% in the wake of disappointing Q1 results. Sentiment undoubtedly is in the dumps, but not everyone is ready to call it quits on the stock. Jefferies analyst Peter... More
UPDATE: BlackBerry (BBRY) Looks Like Palm, Breakup Likely; Macquarie Downgrades to Underperform
June 28, 2013 10:47 AM EDT(Updated - June 28, 2013 11:46 AM EDT)
Macquarie downgraded BlackBerry (NASDAQ: BBRY) from Neutral to Underperform with a price target of $9 (from $13.50). Analyst Kevin Smithen thinks BlackBerry's future is bleak, comparing it to Palm, the extinct devise maker that was eventually sold to... More
BlackBerry (BBRY) Q1 Shows its 'Struggling' to Gain Traction - Nomura
June 28, 2013 8:47 AM EDTNomura Securities analyst Stuart Jeffrey offered a 'First Look' on BlackBerry (NASDAQ: BBRY) following Q1 results.
Jeffrey called the results "weak" and Q2 outlook "below expectations." The company also highlighted that competitive pressures make it difficult to estimate revenue and margin... More
BlackBerry (BBRY) Q1 BB10 Shipments Were Below Views
June 28, 2013 8:29 AM EDTOn its call, BlackBerry (NASDAQ: BBRY) said 40% of the 6.8 million device shipments were BB10 models, suggesting ~2.7 million units. This was below the Wall Street consensus of above 3 million.... More
BlackBerry (BBRY) Moves to Lows as Q1 Conference Call Starts
June 28, 2013 8:11 AM EDTBlackBerry (NASDAQ: BBRY) moves lower following the start of the company's Q1 conference call. CEO Thorsten Heins sounds less sanguine then he has in the recent past.
Shares are down 19.5% to $11.66.... More
Nokia (NOK) on Watch Following Weak BlackBerry (BBRY) Results
June 28, 2013 7:29 AM EDTNokia (NYSE: NOK) is on watch Friday following worse-than-expected results from rival BlackBerry (NASDAQ: BBRY).
The results from BlackBerry could be construed one of two ways as it relates to Nokia. 1. It could suggest that users... More
BlackBerry (BBRY) Slammed 17% on Q1 'Miss'
June 28, 2013 7:10 AM EDTBlackBerry (NASDAQ: BBRY) is down a quick 17% following Q1 'miss.'... More
