BlackBerry Ltd (BB) to Release Earnings on Thursday
BlackBerry Ltd (TSE:BB) (NASDAQ:BBRY) will post its quarterly earnings results before the market opens on Thursday, September 28th. Analysts expect BlackBerry to post earnings of C($0.01) per share for the quarter.
Shares of BlackBerry Ltd (TSE:BB) opened at 11.26 on Tuesday. The company has a market capitalization of $5.98 billion and a P/E ratio of 46.34. BlackBerry Ltd has a 12 month low of $8.98 and a 12 month high of $15.82. The company’s 50 day moving average price is $11.28 and its 200 day moving average price is $12.08.
Several equities analysts recently commented on the company. Raymond James Financial, Inc. cut BlackBerry from an “outperform” rating to a “market perform” rating and set a C$13.50 target price for the company. in a research report on Monday, May 29th. Scotiabank boosted their target price on BlackBerry to C$14.50 and gave the stock an “outperform” rating in a research report on Monday, June 26th. BMO Capital Markets restated a “market perform” rating and set a C$10.00 target price on shares of BlackBerry in a research report on Monday, June 26th. Finally, Royal Bank Of Canada restated a “sector perform” rating and set a C$12.50 target price on shares of BlackBerry in a research report on Wednesday, June 21st. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of C$11.25.
In other news, insider Sandeep Chennakeshu sold 199,104 shares of the company’s stock in a transaction dated Friday, August 18th. The stock was sold at an average price of C$8.56, for a total value of C$1,704,330.24.
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BlackBerry Limited (BlackBerry) provides mobile communications solutions. The Company is engaged in the sale of smartphones and enterprise software and services. The Company’s products and services include Enterprise Solutions and Services, Devices, BlackBerry Technology Solutions and Messaging. It is engaged in providing enterprise mobility management (EMM) and mobile security, and offers a portfolio of enterprise software solutions and services that can be deployed across a range of ecosystems and devices, including BlackBerry Enterprise Service (BES) 12 and Good Platforms, BES12 Cloud, enterprise file-sync-and-share (EFSS), SecuSUITE for Enterprise, Enhanced subscriber identity module (SIM)-Based Licensing (ESBL), WorkLife by BlackBerry solution and Professional Cybersecurity Services.
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