BlackBerry Ltd. (NASDAQ:BBRY) is scheduled to be releasing its Q217 earnings data on Wednesday, September 28th. Analysts expect BlackBerry to post earnings of ($0.05) per share and revenue of $393.75 million for the quarter.
Shares of BlackBerry Ltd. (NASDAQ:BBRY) opened at 7.82 on Tuesday. The firm’s market cap is $4.09 billion. The firm has a 50 day moving average of $7.78 and a 200 day moving average of $7.29. BlackBerry Ltd. has a 52 week low of $5.96 and a 52 week high of $9.46.
A number of research firms recently issued reports on BBRY. MKM Partners reiterated a “hold” rating on shares of BlackBerry in a research note on Sunday, June 26th. Zacks Investment Research lowered shares of BlackBerry from a “buy” rating to a “hold” rating in a research report on Monday, June 6th. Wells Fargo & Co. restated a “market perform” rating and issued a $7.62 price target on shares of BlackBerry in a research report on Monday, June 13th. Deutsche Bank AG restated a “hold” rating on shares of BlackBerry in a research report on Monday, June 27th. Finally, Imperial Capital restated an “in-line” rating and issued a $7.00 price target on shares of BlackBerry in a research report on Tuesday, June 28th. Three equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $7.58.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of BlackBerry by 11.5% in the second quarter. Vanguard Group Inc. now owns 9,288,048 shares of the smartphone producer’s stock worth $62,323,000 after buying an additional 958,365 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in BlackBerry by 29.9% in the second quarter. Dimensional Fund Advisors LP now owns 2,026,746 shares of the smartphone producer’s stock valued at $13,599,000 after buying an additional 467,058 shares during the period. Engineers Gate Manager LP bought a new position in BlackBerry during the second quarter valued at $2,577,000. Spark Investment Management LLC boosted its position in BlackBerry by 121.3% in the second quarter. Spark Investment Management LLC now owns 359,000 shares of the smartphone producer’s stock valued at $2,408,000 after buying an additional 196,800 shares during the period. Finally, Baird Financial Group Inc. bought a new position in BlackBerry during the second quarter valued at $373,000. Hedge funds and other institutional investors own 57.99% of the company’s stock.
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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