BlackBerry Ltd (BBRY) Operating Segment Reorganization Leaves Room for Concerns

The stock now has an average rating of "Hold" and an average price target of $8.49. The company has a 1 Year high price target of $7.92. The firm's other software-related businesses also gained some traction.

BlackBerry Limited (BBRY) reported the earnings of $0.02/Share in the last quarter where the estimated EPS by analysts was $-0.01/share. Finally, MKM Partners reaffirmed a neutral rating and issued a $8.00 price objective on shares of BlackBerry in a report on Friday, December 23rd. The company has price to cash ratio of 3.24.

Trefis has an $8 price estimate for BlackBerry, which is roughly in line with the current market price.

There are 2 sell ratings, 9 hold ratings, 4 buy ratings on the stock. The price target estimates represents a standard deviation of 1.60.

If you look at the company's income statement over the past years, you will see that the company is constantly posting gross profit: In 2014, BBRY earned gross profit of 60 Million, in 2015 1.63 Billion gross profit, while in 2016 BlackBerry Limited (BBRY) produced 985 Million profit. After several failed attempts to maintain its foothold in the market through many software strategies and hardware releases, the Canadian company lost its position to other companies. The Company has 52-week high of $8.46 and 52-week low of $6.23. The company's 50 day moving average is $7.10 and its 200-day moving average is $7.33.

More news: LeBron, Cavs end rough March with 122-105 win over 76ers

BlackBerry (NASDAQ:BBRY) last posted its earnings results on Friday, March 31st. BlackBerry had a negative net margin of 93.19% and a negative return on equity of 3.62%. During the same period a year ago, the business posted ($0.03) earnings per share. "For example, companies providing medical monitoring devices must protect health data on the device, guarantee it connects securely to the healthcare system, and most importantly ensure that it can not be hacked, BlackBerry Secure helps solve this triple threat", said John Chen, Executive Chairman and CEO, BlackBerry.

Analysts mean Recommendation on a stock is noted at 3.20.

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Several hedge funds have recently added to or reduced their stakes in BBRY. Iridian Asset Management LLC CT increased its stake in BlackBerry by 45.3% in the fourth quarter. Capstone Asset Management Co. now owns 53,323 shares of the smartphone producer's stock valued at $426,000 after buying an additional 5,710 shares during the last quarter. Wynnefield Capital Inc. purchased a new stake in BlackBerry during the fourth quarter worth approximately $5,409,000.

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