Blackberry Investor Outlook Strengthens on revenue, but inventory price Overbought

Blackberry (NYSE: BB) soared 13% on Friday, after the enterprise posted earnings that beat Wall road expectations.

while we see extra upside, we agree with that traders could consider getting into new positions towards the end of the current market cycle.

Blackberry reported revenue per share of $0.11 and total income of $257 million, above analyst estimates of $0.05 and $240 million. besides the fact that children, the company simplest supplied confined advice in regards to utility billings expanding by using over 10%.

nevertheless Blackberry CEO John Chen proclaimed that he transformed Blackberry, "From a company that does $6 billion in salary however dropping cash and burning money, to a company that does over $1 billion in utility profits making cash and generating money."

In analyzing the market cycles for Blackberry (BB), we are able to see that the inventory remains within the rising part of its latest cycle.

Our work indicates it establishing for extra positive factors this later 12 months. A minor pullback against the conclusion of this cycle may be a pleasant opportunity for buyers.

Blackberry (BB) stock Weekly Chart 

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