BlackBerry gross margins and guidance likely to surprise, says Bernstein

theflyonthewall.com

Bernstein believes Blackberry will likely surprise on Q4 gross margins driven by Blackberry 10 units and high margin fees. The firm expects Q1 guidance to act as another catalysts and notes the company is in a very strong position to start shipping new devices. Shares are Outperform rated with a $22 price target.

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