TD Securities upgraded shares of BlackBerry (TSE:BB – Free Report) (NASDAQ:BBRY) from a hold rating to a strong-buy rating in a research note issued to investors on Friday,Zacks.com reports.
BlackBerry Trading Up 23.1 %
TSE BB opened at C$5.27 on Friday. The company has a market cap of C$3.11 billion, a P/E ratio of -17.00, a P/E/G ratio of 0.06 and a beta of 1.07. BlackBerry has a 12 month low of C$2.89 and a 12 month high of C$5.31. The company has a debt-to-equity ratio of 34.15, a current ratio of 1.44 and a quick ratio of 1.49. The company has a 50-day moving average of C$3.58 and a 200-day moving average of C$3.43.
BlackBerry (TSE:BB – Get Free Report) (NASDAQ:BBRY) last posted its quarterly earnings results on Thursday, September 26th. The company reported C($0.02) earnings per share for the quarter, topping analysts’ consensus estimates of C($0.05) by C$0.03. The company had revenue of C$198.60 million for the quarter. BlackBerry had a negative net margin of 21.66% and a negative return on equity of 17.68%. As a group, equities analysts predict that BlackBerry will post 0.0551903 earnings per share for the current year.
BlackBerry Company Profile
BlackBerry Limited provides intelligent security software and services to enterprises and governments worldwide. The company operates through three segments: Cybersecurity, IoT, and Licensing and Other. The company offers CylanceENDPOINT, an integrated endpoint security solution; CylanceGUARD, a managed detection and response solution; CylanceEDGE, an AI-powered continuous authentication zero trust network access solution; CylanceINTELLIGENCE, a contextual cyber threat intelligence service; BlackBerry Dynamics offers a development platform and secure container for mobile applications; BlackBerry Workspaces a secure Enterprise File Sync and Share (EFSS) solution; BlackBerry Messenger (BBM) Enterprise, an enterprise-grade secure instant messaging solution for messaging, voice and video; BlackBerry SecuSUITE is a certified, multi-OS voice and text messaging solution; BlackBerry AtHoc, a secure networked critical event management solution; and BlackBerry unified endpoint management (UEM) solutions.
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