BlackBerry (NYSE:BB) issued its quarterly salary information on Friday. The enterprise pronounced $0.03 salary per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.01, Briefing.com reports. The company had salary of $280.00 million all over the quarter, compared to analysts' expectations of $276.31 million. BlackBerry had a favorable return on fairness of 0.89% and a poor net margin of 5.92%. BlackBerry's income was up 22.eight% on a 12 months-over-year groundwork. all through the same duration within the outdated yr, the company posted $0.05 income per share. BlackBerry up to date its FY20 tips to $0.06-0.08 EPS.
BlackBerry stock opened at $6.53 on Monday. The stock has a fifty day moving common cost of $5.53 and a 200 day relocating regular fee of $6.53. BlackBerry has a fifty two week low of $4.86 and a 52 week excessive of $10.29. The enterprise has a market capitalization of $3.sixty one billion, a P/E ratio of fifty.23 and a beta of 1.75. The business has a current ratio of 2.28, a quick ratio of two.28 and a debt-to-equity ratio of 0.30.
BB has been the subject of a number of contemporary research experiences. bank of america upgraded shares of BlackBerry from an "underperform" ranking to a "neutral" ranking in a analysis report on Monday, November 4th. Scotiabank downgraded shares of BlackBerry from an "outperform" rating to a "sector perform" rating and set a $7.50 target rate for the company. in a research note on Tuesday, September 24th. Morgan Stanley reduced their goal rate on shares of BlackBerry from $10.00 to $7.00 and set an "equal weight" score on the inventory in a record on Wednesday, September twenty fifth. Raymond James set a $9.50 fee goal on shares of BlackBerry and gave the stock a "market perform" ranking in a analysis note on Wednesday, September twenty fifth. ultimately, TD Securities lowered their rate target on shares of BlackBerry from $14.50 to $10.00 and set a "purchase" rating for the company in a document on Wednesday, September twenty fifth. One analysis ana lyst has rated the stock with a sell rating, ten have given a hang score and one has assigned a buy rating to the enterprise's stock. The company presently has an average ranking of "hang" and a consensus cost goal of $7.50.
About BlackBerry
BlackBerry confined provides enterprise software and features global. The business offers BlackBerry business Mobility Suite, which combines and integrates mobile safety, administration, productivity, and collaboration options, akin to BlackBerry UEM, BlackBerry Dynamics, and BlackBerry Workspaces; BlackBerry AtHoc, a networked disaster communications answer; SecuSUITE for govt, a voice encryption software solution; BlackBerry commercial enterprise Consulting and BlackBerry Cybersecurity Consulting services; and BBM enterprise, an enterprise-grade immediate messaging answer, in addition to BlackBerry Spark communique functions.
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