BlackBerry (BB) Releases Quarterly Earnings Results, Misses Expectations By $1.35 EPS
BlackBerry (TSE:BB) issued its quarterly earnings data on Friday. The company reported ($1.84) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.49) by $1.35, StockRatingsNetwork.com reports.
A number of research firms have recently commented on BB. Analysts at TD Securities cut their price target on shares of BlackBerry (TSE:BB) from C$11.50 to C$9.00 in a research note to investors on Tuesday. They now have a “hold” rating on the stock. On a related note, analysts at Robert W. Baird upgraded shares of BlackBerry (TSE:BB) from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday. Finally, analysts at Paradigm Capital cut their price target on shares of BlackBerry (TSE:BB) from C$15.00 to C$10.50 in a research note to investors on Tuesday. They now have a “hold” rating on the stock. Ten research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and two have assigned a buy rating to the stock. BlackBerry presently has a consensus rating of “Hold” and an average price target of C$8.87.
Shares of BlackBerry (TSE:BB) opened at 8.22 on Friday. BlackBerry has a 52-week low of $8.25 and a 52-week high of $12.59. The stock’s 50-day moving average is $10.51 and its 200-day moving average is $13.07. The company’s market cap is $4.237 billion.
BlackBerry, formerly Research In Motion Limited, is a designer, manufacturer and marketer of wireless solutions for the worldwide mobile communications market.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.