BlackBerry (BB) Given Coverage Optimism Score of 0.03
Media stories about BlackBerry (NYSE:BB) have been trending somewhat positive recently, according to Accern Sentiment. The research group identifies positive and negative news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. BlackBerry earned a news impact score of 0.03 on Accern’s scale. Accern also gave press coverage about the company an impact score of 44.636318009223 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the media headlines that may have impacted Accern Sentiment’s analysis:
- BlackBerry to Announce Third Quarter Fiscal 2018 Results on December 20, 2017 (finance.yahoo.com)
- BlackBerry Outlines Framework to Secure Connected and Autonomous Vehicles (finance.yahoo.com)
- BlackBerry Secures Indonesia’s Oil and Gas Sector from … – EnerCom Inc. (press release) (blog) (oilandgas360.com)
- BlackBerry Secures Indonesia’s Oil and Gas Sector from Cyberthreats (finance.yahoo.com)
- Australian investment company QIC boosts data security and … – Marketwired (press release) (marketwired.com)
BlackBerry (NYSE:BB) traded down $0.13 during midday trading on Wednesday, hitting $10.21. The stock had a trading volume of 3,529,059 shares, compared to its average volume of 6,158,445. The firm has a market capitalization of $5,537.49, a price-to-earnings ratio of 522.00 and a beta of 1.09. The company has a debt-to-equity ratio of 0.27, a quick ratio of 5.17 and a current ratio of 5.19. BlackBerry has a 52 week low of $6.65 and a 52 week high of $11.78.
BlackBerry (NYSE:BB) last released its quarterly earnings results on Thursday, September 28th. The company reported $0.05 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.06. The company had revenue of $238.00 million for the quarter, compared to analyst estimates of $221.21 million. BlackBerry had a return on equity of 2.70% and a net margin of 49.62%. The business’s quarterly revenue was down 32.4% on a year-over-year basis. analysts anticipate that BlackBerry will post -0.04 EPS for the current fiscal year.
Several equities analysts recently issued reports on the company. Vetr cut BlackBerry from a “strong-buy” rating to a “buy” rating and set a $10.20 price target on the stock. in a report on Tuesday, September 26th. Goldman Sachs Group reissued a “sell” rating on shares of BlackBerry in a research note on Sunday, August 13th. BMO Capital Markets reissued a “hold” rating and issued a $10.00 target price on shares of BlackBerry in a research note on Friday, September 29th. Canaccord Genuity reissued a “hold” rating and issued a $10.00 target price on shares of BlackBerry in a research note on Monday, October 2nd. Finally, Zacks Investment Research raised BlackBerry from a “hold” rating to a “strong-buy” rating and set a $13.00 target price on the stock in a research note on Tuesday, November 28th. Five research analysts have rated the stock with a sell rating, ten have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and an average target price of $9.76.
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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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