The BlackBerry's (BBRY) "Market Perform" Rating Reiterated at William Blair

Posted April 13, 2017

According to their observations and findings, the stock could provide a high EPS of $0.5/share and a Low EPS of $0.41/share.

The company's quick ratio for most recent quarter is 2.70.

"COPYRIGHT VIOLATION NOTICE: "-$0.02 EPS Expected for BlackBerry Ltd (BBRY) This Quarter" was first reported by BBNS and is the property of of BBNS. For the Current Quarter, 26 analysts are projecting the mean EPS to be $0.47/share. Analysts have also given a consensus recommendation on the stock of 3.10.

BlackBerry (NASDAQ:BBRY) last announced its quarterly earnings results on Friday, March 31st. The smartphone producer reported $0.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.04) by $0.08. Presently, it has a Return on Equity (ROE) of -54.20% and Return on Investment (ROI) of -44.50%. BlackBerry's quarterly revenue was down 39.0% on a year-over-year basis. Zacks Investment Research cut BlackBerry from a "buy" rating to a "hold" rating in a research report on Monday, January 30th. If the $9.51 price target is reached, the company will be worth $240.00 million more. Finally, Global Equities Research initiated coverage on BlackBerry in a research report on Monday, March 13th. 1 Month Ago, the stock has been recommended as Buy from 2 and 2 suggested Sell for the stock. Zacks Investment Research upgraded BlackBerry from a "hold" rating to a "buy" rating and set a $8.25 price target on the stock in a research report on Friday, December 23rd.

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BlackBerry Limited (BBRY) has 537.98 Million shares outstanding and 530.23 Million shares were floated in market. The company had a trading volume of 10,998,612 shares. By reviewing stock prices from the stock market history of the company and examining its analysts ratings can give an investment picture with updated information of stock which helps investors to make investing decision. Current price levels see the company 20.35% off the 20-day simple moving average. The performance for one month is at 6.78% and the performance for half year is 3.88%. BlackBerry also saw unusually large options trading activity on Wednesday.

Stocks have edged lower in early trading, ahead of a meeting between U.S. Secretary of State Rex Tillerson and Russia's foreign minister, Sergey Lavrov. The last closing price is up 21.41% from the 200-day moving average, compared to the S&P 500 which has increased 0.03% over the same time period. (TSX:BB)(NASDAQ:BBRY) stock, estimates are rising, and investors' confidence in the company may be starting to recover, as we are seeing glimmers of hope. Iridian Asset Management LLC CT raised its stake in shares of BlackBerry by 45.3% in the fourth quarter. Palo Capital Inc. bought a new stake in shares of BlackBerry during the third quarter valued at approximately $136,000.

Shares of PDL BioPharma Inc (NASDAQ:PDLI) declined -1.46% to $2.03. Staley Capital Advisers Inc. raised its position in BlackBerry by 0.4% in the third quarter. Bank of Montreal Can now owns 5,119,861 shares of the smartphone producer's stock valued at $40,856,000 after buying an additional 234,955 shares during the period. DE raised its stake in shares of BlackBerry by 8.2% in the third quarter. Can now owns 608,635 shares of the smartphone producer's stock worth $4,843,000 after buying an additional 1,938 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of BlackBerry during the fourth quarter valued at about $24,556,000.

Hedge funds have recently added to or reduced their stakes in the stock.