BlackBerry Ltd BBRY

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Gurus Latest Trades BBRY

BBRY is held by these investors:

As of today, BlackBerry Ltd’s share price is $9.35. BlackBerry Ltd’s diluted earnings per share for the trailing twelve months (TTM) ended in Feb. 2017 was $-2.31. Therefore, BlackBerry Ltd’s P/E ratio for today is .

During the past 13 years, the highest P/E Ratio of BlackBerry Ltd was 68.58. The lowest was 3.34. And the median was 19.27.

BlackBerry Ltd’s diluted earnings per share (Diluted EPS) for the three months ended in Feb. 2017 was $-0.10. Its diluted earnings per share (Diluted EPS) for the trailing twelve months (TTM) ended in Feb. 2017 was $-2.31.

“We remain on track to deliver 30 percent revenue growth in software and services for the full fiscal year. We are revising upward our non-GAAP EPS outlook to a range of breakeven to a five cent loss, compared to the current consensus of a 15 cent loss. This reflects increased confidence based on improving margins and reduced interest expense from the recent refinancing of our debt, as well as planned investments in growth areas.”

 

(United States dollars, in millions except per share data)
Reconciliation of the Company’s segment results to the consolidated results:
For the Three Months Ended August 31, 2016
(in millions)
Software & Services Mobility Solutions SAF Segment totals Corporate unallocated Subtotal Non-GAAP adjustments (1) Consolidated U.S. GAAP
Revenue $ 156 $ 105 $ 91 $ 352 $ $ 352 $ (18 ) $ 334
Cost of goods sold 31 78 24 133 133 103 236
Gross margin 125 27 67 219 219 (121 ) 98
Operating expenses 96 35 1 132 71 203 250 453
Operating income (loss) $ 29 $ (8 ) $ 66 $ 87 $ (71 ) $ 16 $ (371 ) $ (355)
Reconciliation of GAAP gross margin, gross margin percentage, loss before income taxes, net loss and loss per share to Non-GAAP gross margin, gross margin percentage, loss before income taxes, net loss and loss per share:
(United States dollars, in millions except per share data)
Q2 Fiscal 2017 Non-GAAP Adjustments For the Three Months Ended August 31, 2016
(in millions)
Income statement location Revenue Gross margin (before taxes)(1) Gross margin % (before taxes)(1) Income (loss) before income taxes Net loss Basic earnings (loss) per share
As reported $ 334 $ 98 29.3 % $ (371 ) $ (372 ) $ (0.71 )
Inventory write-down (2) Cost of sales 96 28.8 % 96 96
Debentures fair value adjustment (3) Debentures fair value adjustment % 62 62
RAP charges (4) Cost of sales 7 2.1 % 7 7
RAP charges (4) Selling, marketing and administration % 140 140
CORE program recovery (5) Selling, marketing and administration % (2 ) (2 )
Software deferred revenue acquired (6) Revenue 18 18 2.0 % 18 18
Stock compensation expense (7) Research and development % 4 4
Stock compensation expense (7) Selling, marketing and administration % 14 14
Acquired intangibles amortization (8) Amortization % 28 28
Business acquisition and integration costs (9) Selling, marketing and administration % 4 4
Adjusted $ 352 $ 219 62.2 % $ $ (1 ) $ 0.00

 

Note: Non-GAAP gross margin, non-GAAP gross margin percentage, non-GAAP loss before income taxes, non-GAAP net loss and non-GAAP loss per share do not have a standardized meaning prescribed by GAAP and thus are not comparable to similarly titled measures presented by other issuers. The Company believes that the presentation of these non-GAAP measures enables the Company and its shareholders to better assess the Company’s operating results relative to its operating results in prior periods and improves the comparability of the information presented. Investors should consider these non-GAAP measures in the context of the Company’s GAAP results.

  1. During the second quarter of fiscal 2017, the Company reported GAAP gross margin of $98 million or 29.3% of revenue. Excluding the impact of the inventory write-down and resource alignment program (“RAP”) charges included in cost of sales and software deferred revenue acquired included in revenue, the non-GAAP gross margin was $219 million, or 62.2% of revenue.
  2. During the second quarter of fiscal 2017, the Company recorded inventory write-down charges of $96 million, which were included in cost of sales.
  3. During the second quarter of fiscal 2017, the Company recorded the Q2 Fiscal 2017 Debentures Fair Value Adjustment of $62 million. This adjustment was presented on a separate line in the Consolidated Statements of Operations.
  4. During the second quarter of fiscal 2017, the Company incurred charges related to the RAP of approximately $147 million, of which $7 million were included in cost of sale and $140 million were included in selling, marketing and administration expense.
  5. During the second quarter of fiscal 2017, the Company incurred recoveries related to the CORE program of $2 million, which were included in selling, marketing, and administration expenses.
  6. During the second quarter of fiscal 2017, the Company recorded software deferred revenue acquired but not recognized due to business combination accounting rules of $18 million, which were included in revenue.
  7. During the second quarter of fiscal 2017, the Company recorded stock compensation expense of $18 million, of which $4 million were included in research and development, and $14 million were included in selling, marketing and administration expenses.
  8. During the second quarter of fiscal 2017, the Company recorded amortization of intangible assets acquired through business combinations of $28 million, which were included in amortization expense.
  9. During the second quarter of fiscal 2017, the Company recorded business acquisition and integration costs incurred through business combinations of $4 million, which were included in selling, marketing and administration expenses.

Supplementary Geographic Revenue Breakdown

BlackBerry Limited
(United States dollars, in millions)
Revenue by Region
For the quarters ended
August 31, 2016 May 31, 2016 February 29, 2016 November 28, 2015 August 29, 2015
North America $ 190 56.9 % $ 195 48.8 % $ 216 46.5 % $ 275 50.2 % $ 176 36.0 %
Europe, Middle East and Africa 100 29.9 % 155 38.7 % 175 37.7 % 194 35.4 % 202 41.2 %
Latin America 13 3.9 % 10 2.5 % 18 3.9 % 24 4.4 % 33 6.7 %
Asia Pacific 31 9.3 % 40 10.0 % 55 11.9 % 55 10.0 % 79 16.1 %
Total $ 334 100.0 % $ 400 100.0 % $ 464 100.0 % $ 548 100.0 % $ 490 100.0 %

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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”

Today BlackBerry Limited (BBRY) Downgraded by Zacks Investment Research

Today BlackBerry Limited (BBRY) Downgraded by Zacks Investment Research

Buz Investors BlackBerry Downgraded by Zacks BlackBerry Limited <span data-recalc-dims=(NASDAQ:BBRY) (TSE:BB) was downgraded by Zacks Investment Research from a “buy” rating to a “hold”" width="300" height="226" srcset="https://i0.wp.com/investorsbuz.com/wp-content/uploads/2017/03/blackberry-logo.jpg?resize=300%2C226&ssl=1 300w, https://i0.wp.com/investorsbuz.com/wp-content/uploads/2017/03/blackberry-logo.jpg?resize=360%2C270&ssl=1 360w, https://i0.wp.com/investorsbuz.com/wp-content/uploads/2017/03/blackberry-logo.jpg?w=465&ssl=1 465w" sizes="(max-width: 300px) 100vw, 300px" />

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 BlackBerry’s decision to end all internal hardware development and outsource the same to its partners.The company  reported narrower-than-expected loss in the third quarter of fiscal 2017. The company’s new guidance with respect to the bottom line for fiscal 2017 is also encouraging. The company expects to return to profit in fiscal 2017. The previous outlook was in the range of breakeven results to a loss of $0.05 per share. Recently,




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BlackBerry Downgraded by Zacks

 

the company entered into a deal with Chinese handset manufacturer TCL Communications to produce BlackBerry handsets for certain countries across the globe. The deal with Giuliani Partners to combat cyber threats is also encouraging. On the back of these positives, shares of BlackBerry have outperperformed the broader industry over the last three months. However, the company continues to grapple with headwinds like adverse foreign currency movements.”

BBRY has been the topic of a number of other research reports. Canaccord Genuity decreased their price objective on BlackBerry Limited to $7.00 in a report on Monday. MKM Partners restated a “neutral” rating and issued a $8.00 price objective on shares of BlackBerry Limited in a report on Friday, December 23rd. Imperial Capital decreased their price objective on BlackBerry Limited from $8.50 to $8.25 and set an “in-line” rating on the stock in a report on Thursday, December 22nd. Wells Fargo & Company restated a “market perform” rating on shares of BlackBerry Limited in a report on Thursday, December 22nd. Finally, BMO Capital Markets restated a “market perform” rating and issued a $8.00 price objective on shares of BlackBerry Limited in a report on Friday, December 23rd. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $7.84.

BlackBerry Limited (NASDAQ:BBRY) traded down 1.95% on Monday, reaching $7.05. 4,134,979 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of $7.26 and a 200 day moving average price of $7.49. The firm’s market cap is $3.74 billion. BlackBerry Limited has a one year low of $6.23 and a one year high of $8.46.

BlackBerry Limited (NASDAQ:BBRY) last issued its quarterly earnings results on Tuesday, December 20th. The smartphone producer reported $0.02 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.03. BlackBerry Limited had a negative return on equity of 3.62% and a negative net margin of 93.19%. The firm had revenue of $301 million for the quarter. During the same period in the prior year, the company earned ($0.03) EPS. The firm’s quarterly revenue was down 45.1% on a year-over-year basis. Analysts anticipate that BlackBerry Limited will post $0.02 earnings per share for the current year.

A number of hedge funds have recently added to or reduced their stakes in BBRY. Primecap Management Co. CA raised its stake in BlackBerry Limited by 0.8% in the second quarter. Primecap Management Co. CA now owns 76,722,307 shares of the smartphone producer’s stock valued at $514,807,000 after buying an additional 624,400 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in BlackBerry Limited by 13.5% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 13,487,443 shares of the smartphone producer’s stock valued at $107,345,000 after buying an additional 1,604,050 shares in the last quarter. Vanguard Group Inc. raised its stake in BlackBerry Limited by 11.5% in the second quarter. Vanguard Group Inc. now owns 9,288,048 shares of the smartphone producer’s stock valued at $62,323,000 after buying an additional 958,365 shares in the last quarter. CIBC World Markets Inc. raised its stake in BlackBerry Limited by 3.0% in the third quarter. CIBC World Markets Inc. now owns 6,092,597 shares of the smartphone producer’s stock valued at $48,619,000 after buying an additional 175,647 shares in the last quarter. Finally, Bank of Montreal Can raised its stake in BlackBerry Limited by 4.8% in the third quarter. Bank of Montreal Can now owns 5,119,861 shares of the smartphone producer’s stock valued at $40,856,000 after buying an additional 234,955 shares in the last quarter. 60.96% of the stock is owned by institutional investors and hedge funds.

Major Telcom Stocks ( T stock )   ( VZ ) ( TMUS ) ( TWX )  ( CMCSA) ( SSNLF ) ( AAPL )




BlackBerry Stock: Is BBRY Stock Back on Top?

BlackBerry Stock: Is BBRY Stock Back on Top?

BlackBerry Stock: Is BBRY Stock Back on Top?

  • Buz Investors BBRY Stock Back on Top it’s been a while, but BlackBerry Ltd(NASDAQ:BBRY) now has cause for celebration. BlackBerry stock was up over 2.5% on Tuesday after reporting a stronger-than-expected third quarter.BBRY stock posted adjusted earnings of $0.01 per share for Q3, which beat out the $0.02 per share loss expected by analysts.But it was not all rosy for BlackBerry stock in the third quarter
  • ; the company posted a GAAP loss of $0.22 per share, which is a sight worse than the $0.07 per share loss projected by analysts. (Source: “Blackberry raised its outlook for the year and the stock is popping,Business Insider, December 20, 2016.)

BBRY Stock Back on Top

Buz Investors BBRY Stock Back on Top it’s been a while, but BlackBerry Ltd<span data-recalc-dims=(NASDAQ:BBRY) now has cause for celebration. BlackBerry stock was up over 2.5% on Tuesday after reporting a stronger-than-expected third quarter." width="300" height="200" srcset="https://i2.wp.com/investorsbuz.com/wp-content/uploads/2016/12/BlackBerry-300x200.resized.jpg?resize=300%2C200&ssl=1 300w, https://i2.wp.com/investorsbuz.com/wp-content/uploads/2016/12/BlackBerry-300x200.resized.jpg?w=640&ssl=1 640w" sizes="(max-width: 300px) 100vw, 300px" />

BBRY Stock Back on Top  But it was not all rosy for BlackBerry stock in the third quarter; the company posted a GAAP loss of $0.22 per share, which is a sight worse than the $0.07 per share loss projected by analysts. (Source: “Blackberry raised its outlook for the year and the stock is popping,Business Insider, December 20, 2016.)

 

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BBRY Stock Back on Top

Revenue also came in lower than expected, earning $301.0 million versus the estimated $332.0 million. But, beyond some of the more muted results, it was ultimately a solid quarter for the hurting former tech behemoth, as reflected by the jump in BlackBerry stock.

“We achieved significant milestones in Q3, delivering the highest gross margin in the company’s history for the second consecutive quarter and continuing to transform our infrastructure and operations to support an enterprise software business,” said BlackBerry CEO John Chen in a press release accompanying earnings. (Source: “BlackBerry Reports Record GAAP Gross Margin of 67%, Driven by Growth in Software and Services Revenue,” BlackBerry Ltd, December 20, 2016.)




BlackBerry Ltd: This Chart Implies a Huge Move in BBRY Stock

BlackBerry Ltd: This Chart Implies a Huge Move in BBRY Stock

BlackBerry Ltd: This Chart Implies a Huge Move in BBRY Stock

  • Buz Investors  Huge Move in BBRY Stock I can’t even count the number of times I believed that BlackBerry Ltd (NASDAQ:BBRY) stock was finally going to stage a move. I patiently watched with anticipation, and nothing ever seemed to happen. I am starting to believe that BBRY stock is not going anywhere but sideways.
  • Deep down in my gut, I know if I start to believe that and turn my back on BBRY stock, then that will be the exact moment BBRY stock finally begins to stage the move that I have been anticipating for what feels like an eternity.
  • The reason I am anticipating a move in BlackBerry stock is that the price has been painting a constructive pattern on the price chart. This pattern has been developing for four years

Huge Move in BBRY Stock

BlackBerry Ltd: This Chart Implies a Huge Move in BBRY Stock

Huge Move in BBRY Stock  I have been using prices to analyze potential investments for over a decade, and I have enjoyed some success using this method. The reason why I have found this method to be so successful is that it relies on price and volume data to discern trends and forecast future prices. This data is easy to find, and it is always current; as a result, the price has proven to be the best timing tool.

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Huge Move in BBRY Stock

 

The BBRY stock chart above illustrates the pattern that has been in development for four years. This pattern is what traders refer to as a symmetrical triangle pattern.

Symmetrical triangles are constructed using two converging trend lines. One trend line represents resistance and the other trend line represents support. These trend lines are defined by connecting the respective peaks and troughs that develop on the price chart.

BBRY Stock: Waiting for Fireworks

BlackBerry Ltd: This Chart Implies a Huge Move in BBRY Stock

At the conclusion of an impulse wave, a condition that traders refer to as “overbought” or “oversold” grips the price and prevents it from moving any further. This condition is measured by using internal indicators and oscillators. When these indicators reach extremes, the price needs to pause or pull back to alleviate the condition. The pause or pullback is referred to as the consolidation wave. This wave also serves to set up the next impulse wave.

As a result, the price action on the BBRY stock chart above is both healthy—as the intra-day overbought condition has been alleviated—and constructive, because the consolidation pattern has just been completed and a new impulse wave is set to develop.




Blackberry Ltd: Here’s How BBRY Stock Gains from New Strategy

Blackberry Ltd: Here’s How BBRY Stock Gains from New Strategy

Blackberry Ltd: Here’s How BBRY Stock Gains from New Strategy

  • Buz Investors Watch this BBRY Stock Gains BlackBerry Ltd (NASDAQ:BBRY) is back to its recent antics. It seemed as if Blackberry stock had crossed a line.
  • A little over two weeks ago, Blackberry announced that it would let go of the mobile handset game. The market is split between “Android” andApple Inc.’s (NASDAQ:AAPL) “iOS” system, leaving the Canadian company
  • Blackberry stock was looking at a big drop. Instead, it could hit anywhere from $8.50 to over $10.00. (Source: “What is Recommendation from Analysts on BlackBerry Ltd (NASDAQ:BBRY)?,”Post Registrar, September 30, 2016.)

BBRY Stock Gains is Down, But Its New Strategy is Bullish

Blackberry Ltd: Here’s How BBRY Stock Gains from New Strategy

BBRY Stock Gains BBRY stock shot from around $7.20 to $8.33 on the news. The evident logic was that Blackberry, no longer a phone maker, would save on manufacturing and development costs, shifting the bulk of its activities and profits to software and security services.

Now BBRY stock is back down where it started last month. It’s back in the mid- $7.00/share territory. Perhaps investors feel that Blackberry may have acted in haste. They see the fact that the company has ceased making phones as a missed chance to capture the market share left dissatisfied by the Samsung Electronics Co Ltd Galaxy Note 7” debacle.

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Should that be the case, Samsung may have pulled its Galaxy Note 7 off the market, but the company will be back and stronger than ever. So whatever benefit to BBRY stock would have been fleeting at best.

In that period, however, not everything was wasted. This was what it took to achieve an unusually smooth transition away from what had been its core business. Think of Blackberry’s value now as coming mainly from providing software and services to businesses and governments.

Yet Blackberry will still maintain a presence, and a competitive one. Its third-party Android phone, “Mercury,” might even keep some trademark BBRY characteristics, including a full physical keyboard with a shape reminiscent of the “Bold,” but it will cost less to make. (Source: “Upcoming BlackBerry Mercury with physical keyboard possibly spotted in a benchmark,” GSMArena, October 17, 2016.)

Blackberry Move Shatter Expectations

BBRY Stock: Blackberry Move Shatter Expectations

BBRY Stock: Blackberry Move Shatter Expectations

  • Buz Investors Blackberry Move Shatter Expectations BlackBerry Ltdu (NASDAQ:BBRY) made the right decision. Last week, the Canadian company, once known asResearch in Motion (RIM), decided it was time to hang up the phone. Blackberry stock reacted favorably, as the company finally took a decision that many sector analysts had long advocated.
  • Yet on Monday, Blackberry stock was down. Are BBRY investors especially temperamental, or do they know something the rest of us don’t? The question begs asking because, if anything, the big mobile phone hardware news in the first week of October 2016 confirms
  • if anyone still doubted it—that Blackberry took the right decision. Indeed, none other thanGoogle, otherwise known as Alphabet Inc (NASDAQ:GOOG), will be offering its first branded phone: an Android.

Blackberry Move Shatter Expectations Has its Best Potential in Years

Blackberry Move Shatter Expectations

Blackberry Move Shatter Expectations Google’s new phone might just become the best “Android” unit. It could not only compete with “iOS” effectively, but also attract many sales away from other Android experiences. In other words, Blackberry bit the bullet and survived. The “Google Phone” would have wiped it clean. So it was best for BBRY shares to quit while still having something to quit.

Google’s new “Pixel” and “Pixel XL” handsets will have huge brand visibility. The new units will also launch “Android 7.1.” The official presentation on October 4 will reveal more details about the technology. Suffice it to say, it will likely be a better version of Android than what you may find on your Samsung.

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There’s no end in sight. Indeed, the end of phone design after successive quarters of losses with as clear a culprit (lagging Blackberry phone demand) actually terminates a long agony. The various efforts to improve sales have not borne fruit. What will bear fruit for investors is Blackberry putting more energy into developing apps. The company is now freer to pursue apps for all platforms (both iOS and Android). The brand has retained all of its expertise in this area, while being able to exploit its ultra-successful BBM messaging platform.

Blackberry can also leverage its considerable license portfolio. In other words, it will sell the right to external manufacturers to use the BlackBerry name for an annual income. The process has already started in Indonesia, the most flourishing market for the brand. The BlackBerry phone and its physical keyboard have acquired icon status. This opens the style to other brands, which might want to emulate the keyboard, requiring a licensee. Many manufacturers might want to revive the traditional BBRY keyboard, but not the first BlackBerry platform.

BlackBerry Ltd: BBRY Stock Easy Double Buz Traders BBRY Stock Easy Double Something significant happened when BlackBerry Ltd (NASDAQ:BBRY) announced its earnings on September 28, 2016, and perhaps many investors and the general public dismissed this event because the poor performance has effectively turned everybody away from this name. I use the price charts of companies as a tool to help me discern trends. This is where my ventures begin, and then a disciplined trading strategy follows. Being on the correct side of a trend is the single-most important factor to a profitable trading strategy, aside from managing risk. BRY stock has spent four years bouncing off support at $6.00. In the process, BlackBerry stock has put in a pattern known as a descending triangle. There are two converging trend lines that represent support and resistance that make up this pattern.

BlackBerry Ltd: BBRY Stock Easy Double

BlackBerry Ltd: BBRY Stock Easy Double

  • Buz Traders BBRY Stock Easy Double Something significant happened when BlackBerry Ltd (NASDAQ:BBRY) announced its earnings on September 28, 2016, and perhaps many investors and the general public dismissed this event because the poor performance has effectively turned everybody away from this name.
  • I use the price charts of companies as a tool to help me discern trends. This is where my ventures begin, and then a disciplined trading strategy follows. Being on the correct side of a trend is the single-most important factor to a profitable trading strategy, aside from managing risk.
  • BRY stock has spent four years bouncing off support at $6.00. In the process, BlackBerry stock has put in a pattern known as a descending triangle. There are two converging trend lines that represent support and resistance that make up this pattern.

BBRY Stock Easy Double Finally Bottomed

BlackBerry Ltd: BBRY Stock Easy Double Buz Traders BBRY Stock Easy Double Something significant happened when BlackBerry Ltd <span data-recalc-dims=(NASDAQ:BBRY) announced its earnings on September 28, 2016, and perhaps many investors and the general public dismissed this event because the poor performance has effectively turned everybody away from this name. I use the price charts of companies as a tool to help me discern trends. This is where my ventures begin, and then a disciplined trading strategy follows. Being on the correct side of a trend is the single-most important factor to a profitable trading strategy, aside from managing risk. BRY stock has spent four years bouncing off support at $6.00. In the process, BlackBerry stock has put in a pattern known as a descending triangle. There are two converging trend lines that represent support and resistance that make up this pattern." width="300" height="225" srcset="https://i1.wp.com/investorsbuz.com/wp-content/uploads/2016/10/BBRY-Stock3-300x225.resized.jpg?resize=300%2C225&ssl=1 300w, https://i1.wp.com/investorsbuz.com/wp-content/uploads/2016/10/BBRY-Stock3-300x225.resized.jpg?w=640&ssl=1 640w" sizes="(max-width: 300px) 100vw, 300px" />

BBRY Stock Easy Double BBRY stock has spent four years bouncing off support at $6.00. In the process, BlackBerry stockhas put in a pattern known as a descending triangle. There are two converging trend lines that represent support and resistance that make up this pattern. It is common for these triangles to have five points of contact, and these patterns have a tendency to break out toward a new trend once the triangle is 70% complete.

This triangle pattern is special because, if I am correct in my observations, this pattern will mark the end of a trend. A break higher out of this pattern signals that a trend reversal is in play and that the bear market in BBRY stock may now be behind it.

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The first-order price objective on such a pattern would be point 1 on the above chart, where the triangle first began. This constitutes a target price of $18.00 and represents a return of 116%, meaning BlackBerry stock would effectively double from its current levels.

The price action within the channel supports the bullish premise, as an impulse wave carries prices higher, and a consolidation wave serves to digest the gains from the surge in price. A new impulse wave will develop when the consolidation wave is complete.

BlackBerry Ltd: BBRY Could Hit $10 By Year-End 2016

BlackBerry Ltd: BBRY Could Hit $10 By Year-End 2016

BlackBerry Ltd: BBRY Could Hit $10 By Year-End 2016

  • Buz Traders Wonder  BBRY Could Hit $10 BlackBerry Ltd (NASDAQ:BBRY) has taken up the market’s advice. In a bold move two days ago, the company announced it would stop making its own phones.
  • BlackBerry stock promptly gained 6.5% (as Profit Confidential had predicted in an earnings preview) because of the change. The company said that instead of handsets, it would focus its energy and resources on developing software for “Android” devices in general.
  • BlackBerry stock, as a result of its momentous strategy shift, could be one of the best listings to watch in 2016 and 2017. BlackBerry should start to see the fruits of its new strategy already in the next few quarters. Indeed

BBRY Could Hit $10 Everything to Gain from New Direction

BlackBerry Ltd: BBRY Could Hit $10 By Year-End 2016

BBRY Could Hit $10 The very fact that BlackBerry will no longer have to invest millions to design and manufacture devices will significantly lower capital requirements. But, unlike short-term visionless and Band-Aid solutions to boosting share prices—for a few weeks—BBRY stock can look forward to a sustained path to growth. Still, BlackBerry isn’t simply walking away from phones altogether.

BlackBerry hasn’t forgotten that, not long ago, it led the smartphone market. Its new strategy will see the subcontracting of phones to Indonesian company Tiphone Mobile Indonesia Tbk PT(IDX:TELE), in a joint venture known as PT BB Merah Putih, which will manufacture BlackBerry devices in Indonesia. BlackBerry will focus on developing the more profitable software. (Source: “BlackBerry announces device software licensing agreement with joint venture PT BB Merah Putih,” CrackBerry, September 28, 2016.)

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There were some bullish hints in 2013, when BBRY shares traded in the $17.00 range—briefly—only to drop to below $10.00 in 2015, never managing to recover. But, now BBRY has the tools to do just that. The numbers don’t lie. While hardware revenue continued to sink, sales of software and services (where margins are higher) reached $156.00 million for the recent quarter. Compare that to the $105.0 million from hardware.

It’s the end of an era. BlackBerry shares have gained, hinting that investors believe the company is moving in the right direction now, but it’s difficult to absorb the news. Indeed, BBRY might need a few days or weeks for investors and the public to absorb the fact that BlackBerry, which beat the likes of the iPhone for hype not long ago, will no longer make phones.

BBRY Stock: Why BlackBerry Stock is Going Nuts Today

BBRY Stock: Why BlackBerry Stock is Going Nuts Today

BBRY Stock: Why BlackBerry Stock is Going Nuts Today

  • Buz Traders BlackBerry Stock is Going Nuts (NASDAQ:BBRY) has been in the news following leaks about its new model “DTEK60” and it remains to be seen whether the new smartphone meets and exceeds expectations
  • However, Blackberry CEO John Chen has just raised the guidance and has announced a new strategic direction for the company’s “Mobility Solutions” division, which is likely to take BBRY stock to new highs.
  • BlackBerry Ltd has reported 89% year-over-year growth in generally accepted accounting principles (GAAP) software and services revenue for Q2 fiscal 2017. The total revenue stands at $334.0 million

BlackBerry Stock is Going Nuts The Next Big Leap

BBRY Stock: Why BlackBerry Stock is Going Nuts Today

BlackBerry Stock is Going Nuts BlackBerry Ltd has reported 89% year-over-year growth in generally accepted accounting principles (GAAP) software and services revenue for Q2 fiscal 2017. The total revenue stands at $334.0 million, whereas the net loss was $0.71 per share. The company has raised its full-year adjusted earnings per share (EPS) outlook to break even, with a loss of $0.05 per share. (Source: “BlackBerry Reports 89% Year over Year Growth in GAAP Software and Services Revenue for Q2 Fiscal 2017,” BlackBerry Ltd, September 28, 2016.)

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BlackBerry has also announced the appointment of Steven Capelli as chief financial officer, with John Chen saying, “ I look forward to the many contributions he will make towards driving value for BlackBerry shareholders as we continue to focus on end-to-end mobility solutions and enterprise software.”

BlackBerry stock has been inching up gradually over this month, which gives some indication that the market is expecting the company to let go of its handset division if it is not showing any signs of being profitable. The company has been trying new ways to sell its smartphones since the beginning of this year. The good results and outlook are likely to take BBRY stock to new highs