BlackBerry (BB) Issues FY18 Earnings Guidance
BlackBerry (NYSE:BB) updated its FY18 earnings guidance on Wednesday. The company provided earnings per share guidance of positive EPS for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.07. The company issued revenue guidance of $920-950 million, compared to the consensus revenue estimate of $935.78 million.
Several research firms recently commented on BB. Zacks Investment Research upgraded shares of BlackBerry from a hold rating to a strong-buy rating and set a $13.00 target price for the company in a research note on Tuesday, November 28th. Canaccord Genuity upped their target price on shares of BlackBerry from $10.00 to $11.00 and gave the company a hold rating in a research note on Tuesday, October 17th. Vetr cut shares of BlackBerry from a sell rating to a strong sell rating and set a $10.12 target price for the company. in a research note on Wednesday, October 11th. Finally, TD Securities upped their target price on shares of BlackBerry from $11.50 to $12.00 and gave the company a buy rating in a research note on Monday, October 2nd. Five analysts have rated the stock with a sell rating, ten have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. BlackBerry currently has a consensus rating of Hold and an average price target of $9.76.
Shares of BlackBerry (NYSE BB) opened at $10.87 on Wednesday. The stock has a market cap of $5,798.20, a price-to-earnings ratio of 547.00 and a beta of 1.09. The company has a quick ratio of 5.17, a current ratio of 5.19 and a debt-to-equity ratio of 0.27. BlackBerry has a fifty-two week low of $6.65 and a fifty-two week high of $11.78.
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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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