The BlackBerry brand may soon appear on tablets, wearables, and more

BlackBerry Ltd (NASDAQ:BBRY) Could Break Out Due to These Recent Developments

The stock exchanged hands 15.65M shares versus average trading capacity of 5.55M shares, while its shares' total market worth is $4.60B along with 530.50M outstanding shares.

Other analysts have also issued reports about the stock.

RBC moved its rating on BlackBerry to "Sector Perform" while eliminating its speculative risk qualifier on the stock. Global Equities Research assumed coverage on BlackBerry in a report on Monday, March 13th. They issued an overweight rating and a $11.00 price objective for the company.

BlackBerry Limited has 1 year price target of $7.92. TD Securities restated a "buy" rating and issued a C$10.00 price objective on shares of BlackBerry in a research note on Monday, January 9th. These price targets are a consensus analysis of 15 brokers. BBRY stock gained 11.5% in Friday's session to close at $7.75 and is likely to continue the positive momentum. BlackBerry broke out to over a 3-month high and re-crossed its 50 and 200-day moving averages. Investors are also happy that the company is no longer burning cash on old technologies, but still, investors were anxious Blackberry might run out of money. According to these analysts, the Low Revenue Estimate for BlackBerry Limited is 271.63 Million and the High Revenue Estimate is 315 Million. BlackBerry also saw no holiday quarter bump in sales. The Return on Investment (ROI) is at -3.3% while it's Return on Equity (ROE) value stands at -55.6%. The company earned $297 million during the quarter, compared to analyst estimates of $288.45 million.

As per a report from Crack Berry, the company's CEO John Chen recently announced at BlackBerry's earnings call that they will now be moving to the next phase in their new licensing strategy.


The company reported an impressive total revenue of 2.16 Billion in the last fiscal year.

Several sell side analysts reviewed their recommendations on BlackBerry Limited (BBRY) where 0 analyst have rated the stock as Strong Buy, 2 analysts said it's a Buy, 12 rated the stock as Hold, 6 analysts reported Underperform and 0 analysts gave their recommendations as Sell.

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Several large investors have recently bought and sold shares of the company. UBS Asset Management Americas Inc. increased its stake in BlackBerry by 7.9% in the fourth quarter. Iridian Asset Management LLC CT now owns 20,935,089 shares of the smartphone producer's stock worth $144,243,000 after buying an additional 6,525,809 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in BlackBerry by 0.4% in the third quarter.

While looking at the Stock's Performance, BlackBerry Limited now shows a Weekly Performance of 9.62%, where Monthly Performance is 12.48%, Quarterly performance is 11.51%, 6 Months performance is -2.39% and yearly performance percentage is 3.61%.

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