News articles about BlackBerry (NYSE:BB) have been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. BlackBerry earned a media sentiment score of 0.11 on Accern’s scale. Accern also gave media coverage about the company an impact score of 47.4414785922192 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the headlines that may have effected Accern Sentiment’s analysis:
- Critical Analysis: BlackBerry (BB) & RR Media (RRM) (americanbankingnews.com)
- Imperial Capital Increases BlackBerry (BB) Price Target to $11.00 (americanbankingnews.com)
- Focus on Software Business Is Boosting BlackBerry’s Earnings (marketrealist.com)
- BlackBerry: Just How Sweet Is The Reemergence Of This Company? – Seeking Alpha (seekingalpha.com)
- BlackBerry Continues To Ride A Wall Of Worry – Seeking Alpha (seekingalpha.com)
Several equities analysts have weighed in on BB shares. Scotiabank restated an “outperform” rating and issued a $13.50 target price on shares of BlackBerry in a report on Thursday, September 21st. Bank of America boosted their target price on BlackBerry from $7.50 to $8.00 and gave the stock an “underperform” rating in a report on Friday, September 22nd. Royal Bank of Canada restated a “hold” rating and issued a $9.50 target price on shares of BlackBerry in a report on Friday, September 22nd. Vetr lowered BlackBerry from a “strong-buy” rating to a “buy” rating and set a $10.20 target price for the company. in a report on Tuesday, September 26th. Finally, TD Securities restated a “buy” rating and issued a $11.50 target price on shares of BlackBerry in a report on Tuesday, September 26th. Five research analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. BlackBerry currently has a consensus rating of “Hold” and an average target price of $10.26.
Shares of BlackBerry (NYSE BB) traded down $0.18 during trading hours on Tuesday, reaching $11.17. The company’s stock had a trading volume of 2,667,100 shares, compared to its average volume of 6,170,507. BlackBerry has a 52-week low of $6.65 and a 52-week high of $12.36. The company has a market capitalization of $6,140.00, a PE ratio of 11.64 and a beta of 1.09. The company has a quick ratio of 4.26, a current ratio of 4.26 and a debt-to-equity ratio of 0.33.
BlackBerry (NYSE:BB) last announced its earnings results on Wednesday, December 20th. The company reported ($0.52) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.49). The business had revenue of $235.00 million for the quarter, compared to the consensus estimate of $216.70 million. BlackBerry had a return on equity of 3.70% and a net margin of 37.36%. BlackBerry’s revenue for the quarter was down 21.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.02 EPS. equities research analysts forecast that BlackBerry will post -0.02 earnings per share for the current fiscal year.
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BlackBerry 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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