Headlines about BlackBerry Limited (NASDAQ:BBRY) (TSE:BB) have trended somewhat positive on Sunday, according to Accern Sentiment. The research firm identifies positive and negative media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. BlackBerry Limited earned a media sentiment score of 0.06 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 46.8572552940715 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the news headlines that may have impacted Accern’s analysis:
- BlackBerry Ltd: BBRY Stock Is Up 20%. Time To Book Profits Now? – Amigobulls (amigobulls.com)
- BlackBerry Limited (BBRY) is at $11.08 per share and Verint Systems Inc. (VRNT) is listed at $43.30 – Stocks Gallery (stocksgallery.com)
- BlackBerry Ltd. :BBRY-US: Earnings Analysis: Q2, 2018 By the Numbers : October 5, 2017 (finance.yahoo.com)
- Zacks Investment Research Lowers BlackBerry Limited (BBRY) to Hold (americanbankingnews.com)
- FY2018 EPS Estimates for BlackBerry Limited Lifted by Analyst (BBRY) (americanbankingnews.com)
BlackBerry Limited (NASDAQ:BBRY) opened at 11.07 on Friday. The company has a market capitalization of $5.87 billion, a PE ratio of 11.45 and a beta of 1.00. BlackBerry Limited has a 12 month low of $6.65 and a 12 month high of $11.74. The stock’s 50 day moving average is $9.50 and its 200-day moving average is $9.51.
BlackBerry Limited (NASDAQ:BBRY) (TSE:BB) last posted its quarterly earnings data on Thursday, September 28th. The company reported $0.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.06. BlackBerry Limited had a net margin of 49.62% and a return on equity of 2.70%. The company had revenue of $238.00 million during the quarter, compared to analysts’ expectations of $221.21 million. BlackBerry Limited’s revenue for the quarter was down 32.4% on a year-over-year basis. On average, analysts expect that BlackBerry Limited will post $0.06 EPS for the current year.
BlackBerry Limited announced that its board has authorized a stock buyback program on Friday, June 23rd that permits the company to buyback 31,000,000 shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.
Several equities research analysts recently weighed in on the stock. Canaccord Genuity reiterated a “hold” rating and issued a $10.00 target price on shares of BlackBerry Limited in a research note on Monday, October 2nd. TD Securities raised their price target on shares of BlackBerry Limited from $11.50 to $12.00 and gave the stock a “buy” rating in a research note on Monday, October 2nd. Vetr cut shares of BlackBerry Limited from a “buy” rating to a “hold” rating and set a $10.20 price target for the company. in a research note on Monday, October 2nd. Zacks Investment Research upgraded shares of BlackBerry Limited from a “hold” rating to a “strong-buy” rating and set a $13.00 price target for the company in a research note on Wednesday. Finally, Credit Suisse Group restated an “underperform” rating and set a $8.00 price target on shares of BlackBerry Limited in a research note on Wednesday, June 21st. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $9.71.
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BlackBerry Limited Company Profile
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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