|Bid||10.230 x 200|
|Ask||10.350 x 100|
|Day's Range||9.520 - 10.320|
|52 Week Range||6.230 - 11.740|
|PE Ratio (TTM)||42.24|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
BMO's top analyst Tim Long reiterates a Market Perform rating on shares of BlackBerry Ltd (NASDAQ:BBRY), while slightly raising the price target to $10.00 (from $9.00), after the smartphone maker reported mixed fiscal first-quarter results on Friday. While BlackBerry's profits surged on account of the $940 million one-time arbitration award from Qualcomm, revenues fell significantly as the Software segment missed expectations. Long commented, "With the continued shift toward a software-centric model, we are encouraged by various growth areas including connected car and IoT. On the connected car front, BlackBerry is gaining traction with semiconductor companies like Qualcomm and Nvidia.
"We knew we had to make a keyboard, but we knew it would be compared against the BlackBerry," Scott Forstall tells the Wall Street Journal.
Shares of Blackberry plummeted following its quarterly results, and technical indicators point to a lot of indecision.