BlackBerry (BB) to Release Quarterly Earnings on Wednesday
BlackBerry (TSE:BB) (NASDAQ:BBRY) is set to announce its earnings results before the market opens on Wednesday, December 20th. Analysts expect the company to announce earnings of C($0.05) per share for the quarter.
Shares of BlackBerry (BB) opened at C$13.70 on Wednesday. BlackBerry has a 12-month low of C$8.98 and a 12-month high of C$15.82.
Several brokerages recently issued reports on BB. BMO Capital Markets reissued a “market perform” rating and set a C$10.00 price target on shares of BlackBerry in a report on Friday, September 29th. Royal Bank of Canada lifted their price target on shares of BlackBerry to C$13.00 and gave the company a “sector perform” rating in a report on Friday, September 29th. Finally, TD Securities lifted their price target on shares of BlackBerry to C$15.00 and gave the company a “buy” rating in a report on Friday, September 29th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of C$13.20.
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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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