Lack of M&A Options Puts BlackBerry's (BBRY) Back Against the Wall
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Fairfax's $9/Share Offer Now Looking Like A Pipe Dream for BlackBerry (BBRY)
October 1, 2013 9:01 AM EDTProspects for BlackBerry (Nasdaq: BBRY) just aren't improving. And Prem Watsa knows this.
With the letter of intent Watsa's Fairfax Financial holdings and BlackBerry entered into in August, there was a provision for Fairfax to perform due diligence on the company over six weeks before any sort of offer needs to be made, while BlackBerry is open to soliciting outside offers for a... More
GMP Securities Downgrades BlackBerry (BBRY) to Reduce
September 30, 2013 9:48 AM EDTGMP Securities downgraded BlackBerry (NASDAQ: BBRY) from Hold to Reduce.
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 $8.03 yesterday, with a 52 week range of $7.75-$17.22.... More
BlackBerry (BBRY) PT Slashed to $7 at Canaccord Genuity
September 30, 2013 8:58 AM EDTCanaccord Genuity analyst Michael Walkley reiterated a Hold on BlackBerry (NASDAQ: BBRY) and lowered his price target from $9 to $7 on a lower sum-of-the parts valuation.
"Given the growing Bring Your Own Device trend, we view a healthy consumer smartphone business as paramount for a sustainably... More
Sudden Deterioration in BlackBerry (BBRY) Demand Tied to Potential Sale - Goldman
September 30, 2013 7:56 AM EDTGoldman Sachs maintained a Neutral rating on BlackBerry (NASDAQ: BBRY) and lowered its price target to $9.00 (from $10.00). Analyst Simona Jankowsk thinks BlackBerry's announcement that it was exploring strategic alternatives effected performance late in the quarter.
"There was material deterioration in several balance... More
UPDATE: Bernstein Upgrades BlackBerry (BBRY) to Market Perform
September 30, 2013 7:00 AM EDT(Updated - September 30, 2013 8:44 AM EDT)
Bernstein upgraded BlackBerry (NASDAQ: BBRY) from Underperform to Market Perform. Analyst Pierre Ferragu thinks "lack of credibility" of the Fairfax offer is now priced in.
"The stock price recognises today a 75% chance the consortium... More
BlackBerry's (BBRY) Q2 Report Comes in Surprisingly Positive
September 27, 2013 9:10 AM EDTBlackBerry (Nasdaq: BBRY) really pulled the old move of promise less and deliver more with today's quarterly report.
Earlier in the session, BlackBerry posted Q2 loss of 47 cents per share, versus company expectations calling for a loss of 47 cents to 51 cents per share and the Street consensus of a 49 cents... More
T-Mobile (TMUS) Will Stop Putting BlackBerry (BBRY) Devices on Its Retail Shelves
September 26, 2013 7:51 AM EDTAs mentioned on Wednesday, while BlackBerry (Nasdaq: BBRY) is moving for a sale of itself (or parts) and... More
