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TSP:BB, Apr 05, 06:44 UTC

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Thursday, April 02


News

BlackBerry Has Yet to Turn a Corner Despite Earnings Beat

BB

Shares of BlackBerry Ltd. (NYSE:BB) fell more than 19% following its quarterly earnings report on Tuesday evening. The company's earnings beat expectations, prompting an after-hours surge of about 5%. However, that gain was quickly wiped out on Wednesday and Thursday as the shares plunged further to trade at $3.31, down from Tuesday's close of $4.12. This came after analysts revised their revenue outlook down to $990 million compared to an earlier estimate of $1.2 billion. The company is arguably famous for what did not work out after its BlackBerry phones and tablets failed to match competition.

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Telecom Stock Roundup: BlackBerry Beats on Earnings, Nokia Launches AVA 5G, & More

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Telecom Stock Roundup: BlackBerry Beats on Earnings, Nokia Launches AVA 5G, & More. Moreover, the government funding is likely to offset the decline in average revenue per user as telecom firms waive off late payment fees and data restrictions while offering various free services amid the coronavirus pandemic.Telecom firms have provided the vital lifeline to countless humans as virtual communication has replaced in-person exchanges with social distancing and the work-from-home option in vogue. These include a moratorium on several deadlines, suspension of rules, and unlocking of subsidies of Universal Service Fund related to healthcare, lifeline, E-rate and Connect America Fund.Meanwhile, with the coronavirus threat subsiding in China, four of its major telecom firms are supposedly planning to invest 197.3 billion yuan ($27.8 billion) on 5G technology in 2020 for deploying state-of-the-art infrastructure to offset the economic impact of the virus outbreak. In the past five trading days, T-Mobile has been the biggest gainer with its share price increasing 7%, while Motorola has been the biggest decliner with its stock decreasing 6%.Over the past six months, T-Mobile has been the best performer with its stock appreciating 9.5%, while AT&T was the biggest decliner with its stock falling 32.6%.Over the past six months, both the Zacks Telecommunications Services industry and S&P 500 has recorded average loss of 11.1% each. What’s Next in the Telecom Space?In addition to product launches, deals and 5G deployments, all eyes will remain glued to how the administration tackles the adversities and attempts to mitigate the virus’s overall impact on the industry as first-quarter earnings lurk around the corner.5 Stocks Set to DoubleEach was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020.

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Don't Be Fooled by BlackBerry's Fourth-Quarter Revenue Growth

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Don't Be Fooled by BlackBerry's Fourth-Quarter Revenue Growth | NASDAQ. BlackBerry(NYSE: BB) posted double-digit revenue growth and higher-than-expected adjusted earnings per share during its fiscal fourth quarter. But investors should look beyond these apparently encouraging headline numbers. That disappointing performance is partly due to BlackBerry's QNX, a set of software solutions that allows auto vendors and other industries to create secure embedded systems. Because of the coronavirus pandemic, many auto vendors have reduced their production, which will remain a strong headwind for QNX as long as the slowdown persists. Besides, other cloud-native endpoint cybersecurity vendors have delivered much more impressive results. For instance, last month, CrowdStrike Holdings posted year-over-year revenue growth of 89%. And Cylance's dollar-based net retention rates remained below 100%, which indicates existing customers reduced their expenses compared to the year before -- not a positive indicator of the attractiveness and stickiness of the company's product.

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nasdaq.com fool.com
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Wednesday, April 01


News

Why Shares of BlackBerry Slumped Today

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Shares of BlackBerry(NYSE: BB) dropped on Wednesday after the company reported mixed fourth-quarter results. Double-digit revenue growth fell short of analyst expectations, while adjusted earnings were higher than expected. The stock was down about 18% at 1:15 p.m. EDT. So what. Image source: Getty Images. For the full fiscal year, the tech company reported adjusted revenue of $1.099 billion and non-GAAP EPS of $0.13.

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nasdaq.com fool.com
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BlackBerry (BB) Q4 Earnings Beat Estimates, Revenues Rise Y/Y

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BlackBerry (BB) Q4 Earnings Beat Estimates, Revenues Rise Y/Y. BlackBerry Limited BB reported healthy fourth-quarter fiscal 2020 (ended Feb 29, 2020) results, with adjusted earnings surpassing the Zacks Consensus Estimate.In fiscal 2020, the cybersecurity software and services company released more than 30 new products and made strong progress on developing BlackBerry’s zero-trust architecture as part of the Spark platform.Bottom LineOn a GAAP basis, net loss in the quarter was $41 million or a loss of 7 cents per share against a net income of $51 million or 8 cents per share in the year-ago quarter. BTS has been unexpectedly impacted by the slowdown in the auto industry supply chain due to the pandemic.BlackBerry Cylance revenues came in at $43 million, benefiting from the acquisition of Cylance. Its revenues will likely be impacted by continued headwinds to global auto production and sales. However, the company’s Cylance products, including CylanceGUARD, are helping customers combat cybersecurity and privacy risks as the number of BYOD endpoints increases in a remote working environment.Zacks Rank & Other Stocks to ConsiderBlackBerry currently carries a Zacks Rank #2 (Buy).A few other top-ranked stocks in the broader industry are Qualcomm Incorporated QCOM, Viasat, Inc. VSAT and InterDigital, Inc. IDCC, each carrying a Zacks Rank #2.

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Tuesday, March 31


News

BlackBerry Sees Hammer Chart Pattern: Time to Buy?

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BlackBerry Limited BB has been struggling lately, but the selling pressure may be coming to an end soon. That is because BB recently saw a Hammer Chart Pattern which can signal that the stock is nearing a bottom. What is a Hammer Chart Pattern? The hammer appears when a stock tumbles during the day, but then finds strength at some point in the session to close near or above its opening price. This forms a candlestick that resembles a hammer, and it can suggest that the market has found a low point in the stock, and that better days are ahead.

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Saturday, March 28


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Hedge Funds Started Selling BlackBerry Limited (BB) Before The Coronavirus

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Hedge Funds Started Selling BlackBerry Limited (BB) Before The Coronavirus. With all of this in mind let's take a gander at the recent hedge fund action surrounding BlackBerry Limited (NYSE:BB). How have hedgies been trading BlackBerry Limited (NYSE:BB)? On Fairfax Financial Holdings's heels is David Cohen and Harold Levy of Iridian Asset Management, with a $55.3 million position; 0.9% of its 13F portfolio is allocated to the company. Some other hedge funds and institutional investors with similar optimism consist of Kahn Brothers, D. E. Shaw's D E Shaw and Ken Griffin's Citadel Investment Group. Unfortunately BB wasn't nearly as popular as these 20 stocks (hedge fund sentiment was quite bearish); BB investors were disappointed as the stock returned -41.4% during the same time period and underperformed the market. If you are interested in investing in large cap stocks with huge upside potential, you should check out the top 20 most popular stocks among hedge funds as most of these stocks already outperformed the market in Q1.

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Friday, March 27


News

BlackBerry (BB) to Report Q4 Earnings: What's in the Offing?

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BlackBerry (BB) to Report Q4 Earnings: What's in the Offing? BlackBerry Limited BB is scheduled to report fourth-quarter fiscal 2020 results (ended Feb 29, 2020) on Mar 31, after the closing bell. BlackBerry also enhanced products to the endpoint protection platform, and endpoint detection and response pillars of its Spark platform.The company’s performance is expected to have benefited from these positives. For the fiscal fourth quarter, the Zacks Consensus Estimate for adjusted earnings per share is pegged at 4 cents, indicating a decrease of 63.6% from the prior-year quarter’s reported figure.What Our Model SaysOur proven model doesn’t predict an earnings beat for BlackBerry this time around. Zacks Rank: BlackBerry currently carries a Zacks Rank #2.Stocks to ConsiderHere are some companies that you may want to consider as our model shows that these have the right combination of elements to post an earnings beat this quarter:McCormick & Company, Incorporated MKC is slated to release quarterly results on Mar 31.

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Thursday, March 26


News

The Top Windows and BlackBerry Android App Development Companies, According to App Developers Rating Platform

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NEW YORK, March 26, 2020 /PRNewswire-PRWeb/ -- Roughly 1.6 million people in the United States alone used Windows smartphones in 2019, making it an appealing market for businesses alongside other operating software. Additionally, experts who have worked on BlackBerry apps have evolved their expertise to Android for BlackBerry. Many organizations that need higher levels of security in their communications are currently using BlackBerry, making BlackBerry Android developers experts in building secure Android apps. AppDeveloperListing.com, a B2B marketplace connecting brands with app developers, determined the best developers who deliver market-leading apps to brands who want to reach the Windows and BlackBerry Android markets.

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Tuesday, March 24


News

BlackBerry (BB) Gears Up for Secure Remote Working Facilities

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In addition to ensuring the safety and wellbeing of its employees, the strategic move will enable it to fulfill corporate social responsibilities amid testing times.BlackBerry is offering a secure and connected workplace setup through quick onboarding and enablement services that are delivered remotely. In particular, with BlackBerry Desktop, the company will enable firms to onboard any user through a simple access key, which on activation will open up all corporate resources with a sign-in option on BlackBerry apps on a personal computer. The company is further utilizing Data Path Controls for end-to-end security through the firewall, while BlackBerry Protect is using advanced endpoint protection with AI to prevent data breaches.As a leading player in enterprise mobility management, BlackBerry is widely recognized for its productivity and security innovation. BlackBerry leverages many elements of its extensive technology portfolio to extend best-in-class security and reliability of its solutions for the Enterprise of Things, including unified endpoint management, cybersecurity solutions, embedded systems, crisis communications, enterprise applications and related services, with hosting available on its global, scalable, secure network, and in the cloud.

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