BlackBerry Ltd (BB) to Release Earnings on Thursday
BlackBerry Ltd (TSE:BB) (NASDAQ:BBRY) is scheduled to 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 (BB) opened at 12.15 on Thursday. 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 is $11.28 and its 200-day moving average is $12.08. The stock has a market cap of $6.45 billion and a P/E ratio of 50.00.
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In other news, insider Sandeep Chennakeshu sold 199,104 shares of BlackBerry stock in a transaction that occurred on Friday, August 18th. The shares were sold at an average price of C$8.56, for a total value of C$1,704,330.24.
Several equities analysts have commented on BB shares. Scotiabank raised their target price on shares of BlackBerry to C$14.50 and gave the company an “outperform” rating in a research note on Monday, June 26th. Royal Bank Of Canada reissued a “sector perform” rating and set a C$12.50 target price on shares of BlackBerry in a research note on Wednesday, June 21st. Raymond James Financial, Inc. cut shares of BlackBerry from an “outperform” rating to a “market perform” rating and set a C$13.50 target price on the stock. in a research note on Monday, May 29th. Finally, BMO Capital Markets reissued a “market perform” rating and set a C$10.00 target price on shares of BlackBerry in a research note on Monday, June 26th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. BlackBerry presently has an average rating of “Hold” and an average price target of C$11.25.
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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