BlackBerry (NYSE:BB) posted its quarterly earnings data on Friday. The company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.01, Briefing.com reports. The business had revenue of $280.00 million for the quarter, compared to analyst estimates of $276.31 million. BlackBerry had a return on equity of 1.32% and a net margin of 3.19%. The business’s revenue for the quarter was up 22.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.05 earnings per share. BlackBerry updated its FY20 guidance to $0.06-0.08 EPS.
Shares of NYSE BB opened at $6.47 on Friday. The stock has a market capitalization of $3.13 billion, a PE ratio of 49.77 and a beta of 1.75. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 0.30. The firm has a fifty day moving average of $5.51 and a 200-day moving average of $6.54. BlackBerry has a 52-week low of $4.86 and a 52-week high of $10.29.
BB has been the subject of a number of analyst reports. CIBC lowered shares of BlackBerry from a “sector outperform” rating to a “neutral” rating and cut their price objective for the company from $13.00 to $6.50 in a research report on Tuesday, September 24th. TD Securities reduced their price objective on shares of BlackBerry from $14.50 to $10.00 and set a “buy” rating on the stock in a research note on Wednesday, September 25th. MKM Partners lowered their target price on shares of BlackBerry from $8.75 to $6.50 and set a “neutral” rating for the company in a research note on Wednesday, September 25th. Bank of America upgraded BlackBerry from an “underperform” rating to a “neutral” rating in a report on Monday, November 4th. Finally, Raymond James set a $9.50 price target on BlackBerry and gave the company a “market perform” rating in a report on Wednesday, September 25th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $7.54.
BlackBerry Limited provides enterprise software and services worldwide. The company offers BlackBerry Enterprise Mobility Suite, which combines and integrates mobile security, management, productivity, and collaboration solutions, such as BlackBerry UEM, BlackBerry Dynamics, and BlackBerry Workspaces; BlackBerry AtHoc, a networked crisis communications solution; SecuSUITE for Government, a voice encryption software solution; BlackBerry Enterprise Consulting and BlackBerry Cybersecurity Consulting services; and BBM Enterprise, an enterprise-grade instant messaging solution, as well as BlackBerry Spark Communication services.
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