BlackBerry (Nasdaq: BBRY)(Nasdaq: RIMM) shares are moving higher on the session following reports that initial sales of its Z10 model in the U.K. are coming in strong.
Jefferies Peter Misek said checks indicate that there was "robust" demand from wireless carriers like Orange, O2, EE, and Vodafone (Nasdaq: VOD). Pre-orders in Canada and the UAE are also off to a "solid start," Misek noted.
Given the initial checks, Misek thinks the Street might be overly pessimistic for BlackBerry's May quarter.
For earlier comments from Misek on BlackBerry, click here.
BlackBerry is about 2 percent higher Friday afternoon.