BlackBerry (TSE:BB) Rating Increased to Strong-Buy at Cibc World Mkts

BlackBerry (TSE:BBGet Free Report) (NASDAQ:BBRY) was upgraded by investment analysts at Cibc World Mkts from a “hold” rating to a “strong-buy” rating in a research note issued on Thursday, reports.

BlackBerry Trading Up 1.8 %

BB stock opened at C$3.42 on Thursday. The company has a current ratio of 1.43, a quick ratio of 1.49 and a debt-to-equity ratio of 32.47. BlackBerry has a 12-month low of C$3.02 and a 12-month high of C$7.82. The stock has a market cap of C$2.02 billion, a price-to-earnings ratio of -11.40, a PEG ratio of 0.06 and a beta of 1.08. The business’s 50-day moving average is C$3.77 and its 200 day moving average is C$4.01.

BlackBerry (TSE:BBGet Free Report) (NASDAQ:BBRY) last released its earnings results on Wednesday, April 3rd. The company reported C$0.03 earnings per share for the quarter, topping analysts’ consensus estimates of C($0.07) by C$0.10. BlackBerry had a negative net margin of 15.24% and a negative return on equity of 15.92%. The business had revenue of C$232.61 million for the quarter. On average, sell-side analysts anticipate that BlackBerry will post 0.0273766 EPS for the current fiscal year.

BlackBerry Company Profile

(Get Free Report)

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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