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. The BlackBerry Technology Solutions business unit consists of five units: QNX, Certicom, Paratek, the BlackBerry IoT Platform and Intellectual Property and Patent Licensing (IPPL).
Industry, Sector and Symbol:
- Sector: Computer and Technology
- Industry: Diversified Communication Services
- Sub-Industry: N/A
- Exchange: NASDAQ
- Symbol: BBRY
- Previous Close: $7.08
- 50 Day Moving Average: $7.20
- 200 Day Moving Average: $7.47
- 52-Week Range: $6.23 - $8.46
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: 236.00
- P/E Growth: -26.66
- Market Cap: $3.75B
- Outstanding Shares: 530,000,000
- Beta: 1.04
- Net Margins: -93.19%
- Return on Equity: -3.62%
- Return on Assets: -2.03%
Companies Related to BlackBerry Limited:
- Debt-to-Equity Ratio: 0.29%
- Current Ratio: 2.71%
- Quick Ratio: 2.64%
What is BlackBerry Limited's stock symbol?
BlackBerry Limited trades on the NASDAQ under the ticker symbol "BBRY."
Where is BlackBerry Limited's stock going? Where will BlackBerry Limited's stock price be in 2017?
15 analysts have issued 1 year price objectives for BlackBerry Limited's shares. Their predictions range from $6.00 to $10.50. On average, they anticipate BlackBerry Limited's share price to reach $7.76 in the next year.
What are analysts saying about BlackBerry Limited stock?
Here are some recent quotes from research analysts about BlackBerry Limited stock:
According to Zacks Investment Research, "We are positive on BlackBerry's decision to end all internal hardware development and outsource the same to its partners.The company's new guidance with respect to the bottom line for fiscal 2017 is also encouraging. The company expects to return to profit in fiscal 2017. The previous outlook was in the range of breakeven results to a loss of $0.05 per share. Recently, the company entered into a deal with Chinese handset manufacturer TCL Communications to produce BlackBerry handsets for certain countries across the globe. The deal with Giuliani Partners to combat cyber threats is also encouraging. Inspite of these positives, shares of BlackBerry have perperformed better than the broader industry over the past one year. However, the company continues to grapple with headwinds like adverse foreign currency movements." (2/2/2017)
- Canaccord Genuity analysts commented, "We believe BlackBerry faces challenges and must execute on further developing an enterprise sales channel to meaningfully accelerate software sales. While we believe the senior management team is capable of executing against the market opportunity, we believe it could take several years for meaningful progress." (1/30/2017)
Morgan Stanley analysts commented, "more revenue becomes recurring." However, the firm is not ready to change its rating or price target, which remain Equal-Weight rated and at $7.Analysts James Faucette and Meta Marshall pointed out that BlackBerry sees 30 percent growth from its software/messaging business. They see 81 percent of second-quarter revenue from software/messaging was a recurring one. Therefore, the company needs to nearly double non-recurring revenue in the remaining period of the current fiscal year.In a research note, the brokerage said, "We think this will be a challenge to do, but perhaps the company is anticipating an uptick in perpetual license purchases at the end of the year. While the BlackBerry Radar deal signed with Caravan is a good win, we estimate that it only contributes $0.5 million in FY17 ($0.2–0.3 million of that recurring)." (9/29/2016)
Credit Suisse Group analysts commented, "We continue to doubt the sustainability of the software business as the IP licensing revenue seems unpredictable. Additionally, we also question the quality of some of the acquisitions made in the Software segment, especially Good Technology, which could create significant integration risk," Garcha wrote in a note.Related Link: Morgan Stanley Sees BlackBerry's Software Targets As "Aggressive"Additionally, the company said it would discontinue its handset hardware development and outsource it to third-parties."This shift to a royalty-rate business will likely have a negative impact on top line revenue for the hardware business, but should improve the segment's GM and OM profile if this transition is successful," Garcha highlighted.The analyst expressed concerns that Services business seems to be trending to zero long term, despite accounting for significant chunk of operating profit. "Despite the company transitioning its hardware business strategy, we believe, with the current structure, BBRY would still not be profitable unless software scales or the company cuts operating costs (which is happening). This remains a fine balancing act, in our view," (9/29/2016)
Who owns BlackBerry Limited stock?
BlackBerry Limited's stock is owned by many different of retail and institutional investors. Top institutional investors include Iridian Asset Management LLC CT (3.95%), Renaissance Technologies LLC (2.77%), Letko Brosseau & Associates Inc. (0.64%), Dimensional Fund Advisors LP (0.29%), AQR Capital Management LLC (0.19%) and Public Sector Pension Investment Board (0.16%).
Who sold BlackBerry Limited stock? Who is selling BlackBerry Limited stock?
BlackBerry Limited's stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Renaissance Technologies LLC, AQR Capital Management LLC, Dimensional Fund Advisors LP, Guggenheim Capital LLC, Trexquant Investment LP, Credit Agricole S A and Fiera Capital Corp.
Who bought BlackBerry Limited stock? Who is buying BlackBerry Limited stock?
BlackBerry Limited's stock was bought by a variety of institutional investors in the last quarter, including Iridian Asset Management LLC CT, Wynnefield Capital Inc., Letko Brosseau & Associates Inc., Seven Eight Capital LP, ING Groep NV, Pacad Investment Ltd., Russell Investments Group Ltd. and Brown Advisory Inc..
How do I buy BlackBerry Limited stock?
Shares of BlackBerry Limited can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
How much does a share of BlackBerry Limited stock cost?
One share of BlackBerry Limited stock can currently be purchased for approximately $7.08.