BlackBerry Limited (NASDAQ:BBRY) Receiving Somewhat Positive Media Coverage, Analysis Finds
Media stories about BlackBerry Limited (NASDAQ:BBRY) (TSE:BB) have been trending somewhat positive recently, according to Accern. The research firm identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real-time. 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 news impact score of 0.14 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 45.9095011608275 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the headlines that may have effected Accern Sentiment’s rankings:
- Blackberry Limited (BBRY) — Trending Stock Buzz (wisdomsave.com)
- Apple Inc. (AAPL) and BlackBerry (BBRY) Eye Growth Opportunities – Smarter Analyst (smarteranalyst.com)
- BlackBerry Limited (BBRY) Ownership Up in Latest Report from Public Sector Pension Investment Board – Modern Readers (modernreaders.com)
- See what the IHS Markit Score report has to say about BlackBerry Ltd. (finance.yahoo.com)
- Keep Your Active Eyes on BlackBerry Limited (BBRY) (fishinghd.com)
A number of research analysts have weighed in on BBRY shares. Raymond James Financial, Inc. lowered shares of BlackBerry Limited from an “outperform” rating to a “market perform” rating and lifted their price target for the company from $9.50 to $11.00 in a research note on Monday, May 29th. William Blair reaffirmed a “market perform” rating on shares of BlackBerry Limited in a research note on Wednesday, April 19th. BMO Capital Markets lifted their price target on shares of BlackBerry Limited from $8.00 to $9.00 and gave the company a “market perform” rating in a research note on Monday, April 17th. Credit Suisse Group reaffirmed an “underperform” rating and issued a $8.00 price target on shares of BlackBerry Limited in a research note on Wednesday, June 21st. Finally, Vetr raised shares of BlackBerry Limited from a “buy” rating to a “strong-buy” rating and set a $12.74 price target on the stock in a research note on Monday, June 5th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $9.47.
BlackBerry Limited (BBRY) opened at 8.78 on Friday. BlackBerry Limited has a 52-week low of $6.65 and a 52-week high of $11.74. The firm’s 50-day moving average is $9.73 and its 200-day moving average is $8.87. The company has a market capitalization of $4.66 billion, a PE ratio of 36.13 and a beta of 0.97.
BlackBerry Limited (NASDAQ:BBRY) (TSE:BB) last announced its earnings results on Friday, June 23rd. The company reported $0.02 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.02. BlackBerry Limited had a negative return on equity of 1.67% and a net margin of 11.68%. The firm had revenue of $244 million during the quarter, compared to analyst estimates of $262.80 million. The firm’s quarterly revenue was down 42.5% on a year-over-year basis. On average, equities research analysts forecast that BlackBerry Limited will post $0.04 EPS for the current year.
BlackBerry Limited announced that its Board of Directors has initiated a stock repurchase plan on Friday, June 23rd that allows the company to buyback 31,000,000 shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s board of directors believes its stock is undervalued.
About BlackBerry Limited
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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