Sunday, March 23, 2014 8:33:53 PM
CLSA upgrades BBRY. TP $ 9.50
Firm says BlackBerry losses likely to ease, upgrades shares
Research firm CLSA upgraded BlackBerry (BBRY) in a note to investors earlier today, as the firm predicted that the company is likely to report lower losses going forward. WHAT'S NEW: BlackBerry's management has improved following its hiring of a new CEO, and it has a "decent shot" at convincing companies to adopt its mobile device management systems, wrote CLSA. Moreover, BlackBerry's partnership with China-based manufacturer Foxconn, announced late last year, could cut its losses, the firm contended. Under the deal, Foxconn will manufacture a number of BlackBerry devices. The firm thinks the company's losses are likely to improve, and it upgraded the stock to Underperform from Sell. It increased its price target on the shares to $9.50 from $6. WHAT'S NOTABLE: BlackBerry, which is based in Canada, today announced that it had agreed to sell a majority of its real estate holdings in that country.
Recent BB News
- Form SD - Specialized disclosure report • Edgar (US Regulatory) • 05/17/2024 12:55:46 PM
- BlackBerry Recognized as a 2024 Gartner® Peer Insights™ Customers' Choice for Unified Endpoint Management (UEM) Tools • PR Newswire (Canada) • 05/14/2024 01:00:00 PM
- BlackBerry Recognized as a 2024 Gartner® Peer Insights™ Customers' Choice for Unified Endpoint Management (UEM) Tools • PR Newswire (US) • 05/14/2024 01:00:00 PM
- Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material • Edgar (US Regulatory) • 05/13/2024 04:23:36 PM
- Form DEF 14A - Other definitive proxy statements • Edgar (US Regulatory) • 05/13/2024 04:21:09 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/06/2024 08:30:34 PM
- New Independent Tests of Endpoint Protection Reveal Significant Differences in Performance and Efficacy • PR Newswire (US) • 05/06/2024 01:00:00 PM
- New Independent Tests of Endpoint Protection Reveal Significant Differences in Performance and Efficacy • PR Newswire (Canada) • 05/06/2024 01:00:00 PM
- BlackBerry Launches CylanceMDR, An Expert Driven and AI-Powered Managed Detection and Response Solution • PR Newswire (US) • 05/02/2024 01:00:00 PM
- BlackBerry Launches CylanceMDR, An Expert Driven and AI-Powered Managed Detection and Response Solution • PR Newswire (Canada) • 05/02/2024 01:00:00 PM
- BlackBerry Introduces Cylance Assistant, the Next Level of Cybersecurity with Generative AI Capabilities • PR Newswire (Canada) • 04/30/2024 01:00:00 PM
- BlackBerry Introduces Cylance Assistant, the Next Level of Cybersecurity with Generative AI Capabilities • PR Newswire (US) • 04/30/2024 01:00:00 PM
- Delta Generates US$37 Million Profit in Q1, Google and Intel Unveil Cutting-Edge AI Chips, and More News • IH Market News • 04/10/2024 11:13:48 AM
- ETAS and BlackBerry QNX Forge Partnership to Provide the Safe and Secure Foundation for the Software-Defined Vehicle • PR Newswire (Canada) • 04/10/2024 10:00:00 AM
- ETAS and BlackBerry QNX Forge Partnership to Provide the Safe and Secure Foundation for the Software-Defined Vehicle • PR Newswire (US) • 04/10/2024 10:00:00 AM
- BlackBerry Announces Collaboration with AMD to Advance Foundational Precision and Control for Robotics Industry • PR Newswire (US) • 04/09/2024 07:00:00 AM
- BlackBerry Announces Collaboration with AMD to Advance Foundational Precision and Control for Robotics Industry • PR Newswire (Canada) • 04/09/2024 07:00:00 AM
- Exxon Mobil Forecasts Earnings Decline, Twilio Seeks Board Tenure Changes, and More News • IH Market News • 04/04/2024 11:30:20 AM
- BlackBerry Reports Fourth Quarter and Full Fiscal Year 2024 Results • PR Newswire (US) • 04/03/2024 09:05:00 PM
- BlackBerry Reports Fourth Quarter and Full Fiscal Year 2024 Results • PR Newswire (Canada) • 04/03/2024 09:05:00 PM
- U.S. Futures Dip in Pre-Market, May WTI and June Brent Crude Prices Edge Higher • IH Market News • 04/03/2024 11:11:59 AM
- BlackBerry Officially Opens Cybersecurity Center of Excellence in Malaysia • PR Newswire (US) • 03/26/2024 07:00:00 AM
- BlackBerry Officially Opens Cybersecurity Center of Excellence in Malaysia • PR Newswire (Canada) • 03/26/2024 07:00:00 AM
- BlackBerry to Announce Fourth Quarter and Full Fiscal Year 2024 Results on April 3, 2024 • PR Newswire (US) • 03/20/2024 09:05:00 PM
Avant Technologies Engages Wired4Tech to Evaluate the Performance of Next Generation AI Server Technology • AVAI • May 23, 2024 8:00 AM
Branded Legacy, Inc. Unveils Collaboration with Celebrity Tattoo Artist Kat Tat for New Tattoo Aftercare Product • BLEG • May 22, 2024 8:30 AM
"Defo's Morning Briefing" Set to Debut for "GreenliteTV" • GRNL • May 21, 2024 2:28 PM
North Bay Resources Announces 50/50 JV at Fran Gold Project, British Columbia; Initiates NI 43-101 Resources Estimate and Bulk Sample • NBRI • May 21, 2024 9:07 AM
Greenlite Ventures Inks Deal to Acquire No Limit Technology • GRNL • May 17, 2024 3:00 PM
Music Licensing, Inc. (OTC: SONG) Subsidiary Pro Music Rights Secures Final Judgment of $114,081.30 USD, Demonstrating Strength of Licensing Agreements • SONGD • May 17, 2024 11:00 AM