Today's Research Reports on Stocks to Watch: Apple and Blackberry
NEW YORK, NY / ACCESSWIRE / June 23, 2017 / Apple hasn't added any new carriers since 2013 but this is now changing. The tech giant announced that it would be partnering with Virgin Mobile. Virgin Mobile will be the newest carrier to carry Apple's wireless plans soon. BlackBerry's shares may have closed in the green yesterday but the Street's outlook for the company's first quarter 2018 results today haven't been that good.
RDI Initiates Coverage on:
BlackBerry Limited
https://ub.rdinvesting.com/news/?ticker=BBRY
Apple Inc.
https://ub.rdinvesting.com/news/?ticker=AAPL
BlackBerry Limited's shares closed up 3.85% on Thursday on trading volume almost double compared to usual. Traders have been anxiously awaiting the company's first quarter 2018 results which are set to be published today. Credit Suisse analyst Kulbinder Garcha doesn't think it will be too good and has an "underperform rating" on the stock with an $8 price target. Shares of Blackberry closed at $11.06 on Thursday. According to Garcha, BlackBerry's revenues are expected to be down 38.9% year over year and down 12.8% quarter over quarter. He expects revenue at $259.1 million and an EPS of $0.01.
Access RDI's BlackBerry Research Report at:
https://ub.rdinvesting.com/news/?ticker=BBRY
Apple Inc.'s shares had a modest close down yesterday at -0.16%. There were several announcements on Thursday involving Apple, including that one of its important suppliers, Imagination Technologies Group Plc, is putting itself up for sale. It seems the U.K. technology firm has had a lot of takeover interest. In other news, the tech giant is going to soon start selling wireless plans from Virgin Mobile US. Both Virgin Mobile and Apple announced the news earlier this week. This will be the first new carrier offered by Apple since 2013. Currently the iPhone maker is offering AT&T, Sprint, Verizon, and T-Mobile, all of which were last added in 2013. Virgin Mobile co-founder Richard Branson commented to Reuters about Apple retail chief Angela Ahrendts. Apparently she "has been tremendously supportive of this and loves the proposition." He also said, "We were knocking on (an) open door." In its deal with Apple, customers who buy a new or refurbished iPhone from either Virgin or Apple, will get up to a year of service for only $1. Afterwards service will cost $50 per month.
Access RDI's Apple Research Report at:
https://ub.rdinvesting.com/news/?ticker=AAPL
Our Actionable Research on BlackBerry Limited (NASDAQ: BBRY) and Apple Inc. (NASDAQ: AAPL) can be downloaded free of charge at Research Driven Investing.
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Disclaimer: This article is written by an independent contributor of RDInvesting.com and reviewed by Nadia Noorani, CFA® charter holder. RDInvesting.com is neither a registered broker dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer.
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SOURCE: RDInvesting.com
