BlackBerry Ltd  BBRY

BlackBerry Ltd BBRY

BBRY BlackBerry Limited, formerly known as Research In Motion Limited (RIM),is a Canadian multinational telecommunication andwireless equipment company best known to the general public as the developer of the BlackBerry brand of smartphones and tablets, but also well known worldwide as a provider of secure and high reliability software for industrial applications and mobile device management (MDM). QNX, a subsidiary of BlackBerry, is widely recognised as a leader in automotive software industry. BlackBerry’s software and hardware products are used worldwide by various government’s agencies and by car makers and industrial plants throughout the world, much of this activity being unseen by the public. The company is headquartered in Waterloo, Ontario, Canada. It was founded by Mike Lazaridis and Douglas Fregin in 1984. Fregin later left the company in 2007. In 1992 Lazaridis hired Jim Balsillie, and Lazaridis and Balsillie served as co-CEOs until January 22, 2012. In November 2013, John S. Chen took over as CEO. His strategy is to subcontract manufacturing to Foxconn, and to focus on software technology.

On September 23, 2013, the company signed a letter of intent to be acquired for US$4.7 billion, or US$9 per share, by a consortium led by Fairfax Financial which announced its intentions to take the company private. On November 4, 2013, the deal was scrapped in favor of a US$1 billion cash injection which, according to one analyst, represented the level of confidence BlackBerry’s largest shareholder has in the company. The majority of BlackBerry’s remaining value lies in its patent portfolio which has been valued at between US$2 billion and $3 billion.

Originally a dominant innovative company in the smartphone market for business and government usage, with 41% U.S. market share in Q1 2010, the company’s dominance in the U.S. smartphone market has in recent years declined precipitously, in part because of intense competition from Apple’s iPhone and various Android devices. Due to such competition, the company’s share in the U.S. personal consumer market has reduced to 0.8% by Q1 2016

Market Trends

Gurus Latest Trades BBRY

|Chart | Calendar   | TRADE NOW | BlackBerry Gurus Latest Trades with BBRY BUZ INVESTORS Trades BBRY   Ticker Guru Date Action AllBuyBuy to coverAddReduceSellSell short Impact Price Range (Average)* Current Price Change from Average Comment Current Shares BBRY Kahn Brothers 2017-03-31 Add 0.23% $6.68-$7.75 ($7.12) $9.35 31% Add 3.91% 4,526,260 BBRY First Eagle Investment 2017-03-31 Add […]

Buz Investors BlackBerry Downgraded by Zacks BlackBerry Limited (NASDAQ:BBRY) (TSE:BB) was downgraded by Zacks Investment Research from a “buy” rating to a “hold”
Market Trends

Today BlackBerry Limited (BBRY) Downgraded by Zacks Investment Research

Today BlackBerry Limited (BBRY) Downgraded by Zacks Investment Research Today BlackBerry Limited (BBRY) Downgraded by Zacks Investment Research Buz Investors BlackBerry Downgraded by Zacks Zacks Investment Research cut shares of BlackBerry Limited (NASDAQ:BBRY) (TSE:BB) from a buy rating to a hold rating in a report issued on Monday morning. According to Zacks, “We are positive on […]