BlackBerry (BB) Given News Sentiment Score of 0.06

Galtero Lara
Abril 17, 2018

News coverage about BlackBerry (NYSE:BB) has trended somewhat positive recently, according to Accern. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Accern also gave news coverage about the company an impact score of 44.6165656566511 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company's share price in the next few days. Macquarie lifted their price target on shares of BlackBerry from $14.50 to $15.50 and gave the company an "outperform" rating in a research report on Tuesday, January 16th.

BlackBerry (NYSE:BB)'s stock had its "hold" rating restated by equities research analysts at Canaccord Genuity in a report issued on Thursday, March 29th. They presently have a $11.00 price objective on the stock. Scotiabank reissued a sector perform rating and set a C$8.00 price objective on shares of BlackBerry in a report on Monday, December 19th. The company has a consensus rating of "Hold" and an average target price of $10.80.

BlackBerry (TSE:BB) opened at 9.42 on Friday. The stock has a market capitalization of $5,635.71, a P/E ratio of 210.20 and a beta of 1.11. The company has a debt-to-equity ratio of 0.31, a current ratio of 5.49 and a quick ratio of 5.48. BlackBerry has a one year low of $8.47 and a one year high of $14.55.

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BlackBerry (NYSE:BB) last released its earnings results on Wednesday, March 28th. The company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.06. The company had revenue of $239.00 million for the quarter, compared to the consensus estimate of $217.88 million. BlackBerry had a net margin of 43.46% and a return on equity of 3.70%. Imperial Capital analyst M. Kim forecasts that the company will post earnings of ($0.02) per share for the quarter.

BlackBerry Limited operates as security software and services firm in securing, connecting, and mobilizing enterprises worldwide.The company has $7.10 billion market cap. The Software & Services segment offers enterprise software and services, including mobile-first security, productivity, collaboration, and end-point management solutions for the Enterprise of Things through the BlackBerry Secure platform; BlackBerry technology solutions, such as BlackBerry QNX, Certicom, Paratek, BlackBerry Radar, and intellectual property and licensing; AtHoc, which provides secure, networked crisis communications solutions; SecuSmart that offers secure voice and text messaging solutions with encryption and anti-eavesdropping facilities; licensing and services related to BlackBerry Messenger; and cybersecurity consulting services and tools.

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