|Bid||9.11 x 4000|
|Ask||9.24 x 1200|
|Day's Range||9.05 - 9.22|
|52 Week Range||6.57 - 12.55|
|Beta (3Y Monthly)||2.09|
|PE Ratio (TTM)||60.99|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||10.88|
BlackBerry Messenger (BBM) for consumers is shutting down for good on May 31st. When Indonesia-based media conglomerate Emtek took over its development in 2016, it redesigned the app with modern features in hopes that it can better compete with more popular chat applications these days. Unfortunately, its efforts failed to drum up enough interest in the new BBM.
More of a stop-gap than a sequel, the handset also packs Hub+ software improvements and refreshed versions of the BlackBerry Hub and BlackBerry Calendar. As for a proper follow-up, BlackBerry Mobile brand licensee TCL is moving away from an annual upgrade cycle, so you're looking at an ETA much later in the year.
It might be time to move on from BBM. The consumer version of the BlackBerry Messenger will shut down on May 31. Emtek, the Indonesia-based company that partnered with BlackBerry in 2016, just announced the closure.
TSX: BB) announced today that in light of Emtek's decision to end its service of BBM for consumers on May 31, 2019, the company is making BBM Enterprise (BBMe), its enterprise-grade end-to-end encrypted messaging platform, available for individual use. This decision was made out of BlackBerry's respect for loyal BBM users and was not a contractual obligation. It will not affect the company's financial guidance and enterprise software strategy.
Award-Winning Native AI Approach to Incident Response and ICS Services Highlighted as Industry Best Practice WATERLOO, Ontario , April 17, 2019 /PRNewswire/ -- BlackBerry Cylance , a business unit of ...
DENVER , April 12, 2019 /CNW/ - Intermap Technologies has been awarded its first contract for its new, high-resolution aviation terrain dataset announced in December. An international drone operator which delivers medical supplies has signed a multi-year contract in which Intermap will deliver its new Lido/SurfaceData NEXTView terrain dataset to improve flight efficiency, navigation and safety. NEXTView, developed through a partnership with Lufthansa Systems GmbH & Co KG, provides unprecedented global situational awareness for aviation applications.
HENDERSON, NV / ACCESSWIRE / April 10, 2019 / Since they have been climbing in price rapidly over the last few years, tech stocks aren't cheap, share price wise. However, with the technology market continuing ...
Apple (NASDAQ:AAPL) has dramatically underperformed over the past six months. AAPL stock is still down nearly 20% from its recent peak, whereas the stock market as a whole is approaching new all-time highs. And tech stocks, in general, have led the 2019 rebound, leaving Apple in the dust.Source: Apple It's not hard to see why. In January, Apple shocked the world with a sales warning. That was the first time Apple issued a sales warning since way back in 2002. Now, to be fair, this isn't the first time that Apple has had a soft hardware cycle.Apple's revenues turned negative year over year in both 2013 and 2016 during the iPhone 5 and iPhone 6s cycles.InvestorPlace - Stock Market News, Stock Advice & Trading TipsStill, this is arguably the worst hardware sales period for Apple within the iPhone age, given the revenue warning. And investors have been slow to forgive AAPL stock. * 7 A-Rated Healthcare Stocks for Industry Expansion For one thing, CFO Luca Maestri said just months earlier that Apple was anticipating its strongest holiday line-up and sales yet. So to miss on sales by billions of dollars for the quarter came as quite the blow. Not surprisingly, Apple is refocusing investor attention elsewhere with its new push. Apple's Hardware Sales Are Reaching LimitsOn various occasions, I've suggested that Apple has been an anomaly in that it can make serious money on hardware. In general, tech companies that make big profits in hardware tend to lose strength quickly. It's simply too easy for competitors to make similar products at lower prices. For every Apple that dominates a field for ages, you have a Nokia or Blackberry (NYSE:BB) that has a few peak years and then fades to irrelevancy.However, it's starting to look like even Apple is running into limits in terms of how much profits it can wring out of hardware. The addressable share of the market for high-end smartphones is only so large. Particularly in emerging markets, most people will buy cheaper options from the likes of Samsung or Huawei. And even on iPhone pricing, there appears to be a ceiling where some people say enough is enough.Throw in how powerful the average iPhone is now, and users feel less compelled to upgrade with every new product launch. In general, there simply isn't a must-have feature with each new model that drives upgrades if users' previous phone is still working and holds a good charge. Apple Turns to ServicesLast week, Apple announced a ton of new and improved service offerings. Arguably the most interesting and important of these was the news of an Apple Card to take on the likes of Visa (NYSE:V). Partnering with Goldman Sachs (NYSE:GS) and Mastercard (NYSE:MA) for payment processing, the Apple Card could theoretically be a serious rival to Visa. That wasn't it for announcements though. Apple is also rolling out an improved version of Apple TV, an Apple News feature, and an Apple Arcade gaming service.In theory, these could all be interesting additions for Apple that could add significant revenue streams. Apple News, for example, by offering a subscription service for journalism could help that industry turn its fortunes around in the digital age, as Spotify (NYSE:SPOT) did for music. It's unlikely to generate big revenues for Apple at least in the near term though. Same for the arcade, which may shift revenues from in app purchases to subscription but is unlikely to make the overall pie much bigger, at least in the short run.And for the bigger announcements, there are serious questions about both. Apple TV+ seems too small to be a serious Netflix (NASDAQ:NFLX) challenger. If Apple spends $1 billion a year on original content, that's something, but it's only a drop in the bucket compared to Netflix's $8 billion budget, to say nothing of Disney (NYSE:DIS) and other traditional content creators. And over in credit cards, our Josh Enomoto described how Apple's card is a "gimmicky" offering which brings more "hype than substance". For now, Apple has a lot left to prove with its new services offerings. AAPL Stock VerdictCompared to other tech stocks, AAPL stock looks attractive by comparison. Assuming the market continues moving to new all-time highs, it's not hard to imagine AAPL stock playing catch-up and moving back toward its own previous high at $233/share.In the longer-run, however, I remain an Apple skeptic. The company has largely tapped the growth potential of its major developed markets. People who are going to buy Apple smartphones are already doing so - where's the new marginal consumer that hasn't bought Apple products yet?Meanwhile, in emerging markets, Apple faces a huge challenge. They don't have the same sort of lock-in that they do on consumers in developed markets. In China in particular, which was supposed to be Apple's next big thing, sales are instead going the other direction. That's because WeChat, which runs on all smartphones, is the key must-have application, rather than Apple OS. Chinese consumers are increasingly happy to use other smartphone makers, as Apple OS and its associated ecosystem isn't a primary selling point that makes customers loyal.Overall, Apple's move to services is probably a smart play. Recurring revenue is a great business model, and Wall Street will bid your stock up as you get more of it. In certain markets, such as the U.S., Apple services will probably deliver major growth. As we've seen overseas, however, with something like Apple Music versus Spotify, Apple's brand matters much less in emerging markets. And as such, Apple services probably won't be enough, at least on its own, to make up for stagnating hardware sales.At the time of this writing, Ian Bezek owned GS stock and had no positions in any of the other aforementioned securities. You can reach him on Twitter at @irbezek. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 5 Data Center Buys That Deliver Sizable Income * 7 High-Risk Stocks With Big Potential Rewards * 3 Marijuana Stocks to Watch as New York, New Jersey Delay Legalization Compare Brokers The post Will Apple's Pivot to Services Reignite Its Growth Story? appeared first on InvestorPlace.
WATERLOO, Ontario , April 5, 2019 /PRNewswire/ -- BlackBerry Limited (NYSE: BB; TSX: BB) announced that in connection with the acquisition of Cylance, the company's Board of Directors has approved a grant ...
Bank of America Merrill Lynch said Friday that it's identified five new risks that reinforce the BlackBerry Ltd (NYSE: BB ) bear case. The Analyst Daniel Bartus maintains an Underperform rating on BlackBerry ...
Investorideas.com, a global investor news source covering Artificial Intelligence issues a special edition of The AI Eye, looking at artificial intelligence in the mobile market and apps. Whether through image recognition, natural language processing (NLP) or digital assistants and chatbots, AI is increasingly becoming ubiquitous in mobile technology. A report from Zion Market Research projects that the global mobile AI market will reach $22.4 billion by 2024.
As the industry awaits an early resolution to the bilateral talks to better focus on the impending 5G boom, efforts are on to give a final push to a mutually acceptable trade deal that is easily enforceable.
The Zacks Analyst Blog Highlights: Knowles, BlackBerry, eGain, CrossAmerica and Digital Turbine
BlackBerry's (NYSE:BB) fourth-quarter earnings featured strong results and decent guidance. Going forward, BB and BlackBerry stock continue to have multiple strong, positive drivers, including continued expansion of QNX, synergies between core BlackBerry offerings and those of Cylance, continuous, strong licensing revenue and an effective executive team.Source: Shutterstock Despite all of these positive catalysts, some on Wall Street, as I previously predicted might happen, were concerned about the impact of the Cylance deal on the company's near-term profit margins. Those concerns weighed heavily on BlackBerry stock on Monday.Although BB stock may drop back to $8.50 or so over the next month, investors with a time horizon of a year or more should buy BB stock on pullbacks, since the company's longer-term outlook is definitely extraordinarily bright.InvestorPlace - Stock Market News, Stock Advice & Trading TipsHere are five key takeaways from the company's Q4 results and its earnings conference call. Impressive Q4 Results and Decent Guidance, Attractive ValuationBlackBerry's overall fourth-quarter results easily beat expectations on both the top and bottom lines. The revenue of the company's BlackBerry Technology Solutions unit jumped nearly 20% year-over-year to $55 million, an encouraging increase that indicates that the company's previous QNX deals are starting to generate rapidly increasing revenue. BlackBerry's licensing and IP revenue jumped over 70% to $99 million. The unit is likely to continue generating strong revenue going forward. * 10 Tech Stocks That Transformed Their Business Finally, the top line of BlackBerry's Enterprise Software and Services (ESS) fell roughly 15% year-over-year, but both the company and multiple analysts blamed the decline on a new accounting standard. One analyst, TD Securities' Daniel Chan, said that the timing of a major deal also contributed to the YoY decline.Moreover, BlackBerry CEO John Chen said during the company's earnings conference call that ESS' "billings grew strongly on a sequential basis," while BB expects the unit's revenue to rise this year. The CEO noted that he expects the top line of the company's unified endpoint management (UEM) offerings, which make up much of ESS' revenue, to rise by about 10% in FY20, which began in February. He also reported that BB had received over 400 orders from banking customers during the quarter, while the unit also received orders from all three major branches of the U.S. military. All of that information certainly bodes well for the futures of the ESS unit, BB overall and BlackBerry stock.Turning to the company's guidance, using the data Chen provided, BB appears to expect, at the mid-point of its 23%-27% FY20 revenue growth guidance, about $1.13 billion of overall revenue in FY20.Chen explained that the company is "investing for growth," and will have to spend money on integrating Cylance, causing its expenses to rise meaningfully. But the CEO emphasized that the company's profitability will rise throughout the year, meaning after Q1, it will likely be profitable after the current quarter. Additionally, BlackBerry did not clarify the extent to which the guidance includes potential large settlement deals, with court verdicts against a number of companies that BB has sued for patent infringement, including Facebook (NASDAQ:FB), Twitter (NYSE:TWTR) and Snap (NYSE:SNAP).Based on price-sales and price-book ratios, the current valuation of BlackBerry stock is meaningfully lower than that of a number of other companies that focus on IT security. For example, using Chen's guidance and excluding cash, the forward price-sales ratio of BB stock is 4.66, versus forward price-sales ratios, excluding cash and based on analysts' consensus 2019 revenue estimates of 9 for Check Point (NASDAQ:CHKP), 7.5 for CyberArk (NASDAQ:CYBR) and 6.1 for Fortinet (NASDAQ:FTNT). The price-book ratios of CyberArk, CheckPoint and Fortinet are 12.8, 5.2 and 14.3, respectively, versus 2 for BB stock, according to Yahoo Finance. QNX and Radar Are Rapidly ExpandingQNX generated a huge number of design wins -- 22 -- in Q4. Moreover, the operating system's design wins expanded to areas beyond automotive, with eight of the design wins in areas other than automotive. Chen said he expects QNX's revenue to rise 16% this year. Both the high number of design wins and the expansion beyond automotive bode very well for BlackBerry's results and for BlackBerry stock over the long term.Radar, the company's asset-tracking system, added eight new customers in Q4 and received nine repeat orders from existing customers. Additionally, "a number of very large customers" are interested in Radar, Chen stated. Licensing/IP Revenue Will Continue to Be Strong IndefinitelySome analysts and investors who have been bearish on BlackBerry stock have sought to portray the company's licensing and IP revenue as "lumpy" and unreliable. Meanwhile, the fact that the unit's revenue jumped $41 million or 71% YoY in Q4 led some on the Street to assert that it was primarily responsible for the company's better-than-expected results. Taken together, these views may have caused the Street to discount BlackBerry's overall Q4 beat as a one-time phenomenon.But during last week's conference call, Chen and the company's CFO, Steve Capelli, took pains to demonstrate that the licensing and IP revenue will continue to flow indefinitely.Capelli said that the company has been able to deliver "consistent" IP and licensing revenue due to its "pipeline" of patents, while Chen said that the company expects the unit's revenue to drop only 5% this year. He also noted that BB has 10 or 11 years remaining on most of its current patents, has applied for over 100 more patents. and acquired more patents through its Cylance deal. So the owners of BlackBerry stock should expect the company's licensing and IP revenue to be consistently strong going forward. Strong Synergies Between BB and CylanceThe only disappointing part of BlackBerry's results was the guidance for Cylance, which is not expected to be profitable until next year and whose revenue is expected to rise "only" 25%-30%.Nonetheless, it's clear why Chen decided to acquire Cylance. It's strong in PCs and laptops, Chen said, while BlackBerry's strength lies with mobile devices. The acquisition will enable BlackBerry to sell more of its core products to companies that emphasize PCs and laptops, while introducing Cylance's products to companies that focus on securing their mobile devices. Companies that worry about the security of both mobile devices and PCs will now be able to meet all of their security needs with BB. * 10 F-Rated Stocks to Sell in This Narrow Market As I've noted previously, Cylance should make BlackBerry's offerings more appealing to governments. Meanwhile, QNX should be strengthened when Cylance is integrated into the operating system, and BlackBerry should be able to sell its products to many of Cylance's small and medium-sized customers. Finally, the fact that Verizon (NYSE:VZ) recently decided to offer Cylance's products to its customers should boost BlackBerry's results and is a tremendous vote of confidence in Cylance's technology. The Executive Team Has Been StrengthenedChen announced that he was dividing the company into three units; COO Bryan Palma, who has worked for multiple Fortune 500 companies and has a cybersecurity background, will lead BTS (dominated by QNX) and ESS, along with the company's other Internet of Things businesses; Cylance co-founder and CEO Stuart McClure will continue to head Cylance and Capelli will be in charge of the Licensing and IP unit.All three men will report to Chen.I believe that the change is a vote of confidence by Chen in the company's business and outlook, as it indicates that he believes the company is healthy enough for him to step back from managing its day-to-day operations. Additionally, Palma's success at high-level positions in Fortune 500 companies and McClure's track record of building Cylance into a top-notch IT security company indicate that their leadership should be positive for BlackBerry and BlackBerry stock. Finally, the move should free up Chen to focus more on making higher-level deals and partnerships.As of this writing, Larry Ramer owned shares of BlackBerry stock. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Tech Stocks That Transformed Their Business * 8 Genomic Testing Stocks That Can Ease the Sting of Theranos * 7 Weak Blue-Chip Stocks to Trim Immediately Compare Brokers The post BlackBerry Stock Is Bound to Head Much Higher in the Long Run appeared first on InvestorPlace.
BlackBerry (BB) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Blackberry (BB) on Friday delivered better-than-expected fourth-quarter earnings, which propelled the stock nearly 14% higher in Friday's trading session. While third-quarter’s release garnered mixed reactions from investors, there is little doubt that investors were happy with these latest numbers. For the quarter, non-GAAP revenue increased 8% year-over-year to $257 million, while EPS more than doubled to $0.11, from $0.05 this time last year. Not only that, but both figures eclipsed Wall Street estimates. Canaccord analyst Michael Walkley remains cautious on BB stock with a Hold rating, but raises his price target to $10.00 (from $9.00), which implies a slight upside from current levels. (To watch Walkley's track record, click here).Licensing revenue was key to BlackBerry’s strong results. Walkley says, “similar to Q3/F’19, strong licensing revenue once again drove the beat for the quarter, continuing to demonstrate the breadth of the BlackBerry portfolio,” as non-GAAP revenue hit $99 million, above the analyst’s expected $85 million. Moving forward, Walkley believes “strong execution in monetizing the patent portfolio will continue to drive licensing revenue exceeding the quarterly $40M-$45M recurring revenue run-rate, and...anticipate[s] $58M Q1/F’20 licensing revenue.”Walkley is impressed with BlackBerry’s licensing business, as the company maintains a number of essential and non-essential technology patents. The analyst believes BlackBerry has “successfully built a technology licensing business that management believes is sustainable above $250M annually.” Moving forward, Walkley says he continues to “anticipate potential for improving predictability and solid longer-term growth given the improving base of quarterly recurring revenue.” Looking ahead, the analyst is increasing his FY2020 and FY2021 estimates, with “total revenue increasing from $1,137/$1,253M to $1,140M/$1,284M.” Walkley says “F2021 revenue increases for ESS from $460M to $462M, for BTS from $266M to $269M, for Licensing from $285M to $287M, and for Cylance from $242M to $263M.” However, even with higher revenue Walkley is lowering his gross margin estimates for both years, though only slightly from 76.6%/77.6% to 75.7%/76.9%. Nevertheless, the analyst anticipates “margin expansion as operating leverage improves through 2020 and beyond.” Overall, BlackBerry has proved itself as a worthy investment since turning itself around from phone-maker to an enterprise software development firm. Yet even with this and its stock rallying 35% YTD, Wall Street is still mixed about Blackberry's next direction. TipRanks analysis of four analyst ratings shows a consensus Hold rating on company, with one analyst recommends Buy, two say Hold and one suggests Sell. The average price target among these analysts is $10.67, reflecting a 6% rise from current levels. (See BB's price targets and analyst ratings on TipRanks) More recent articles from Smarter Analyst: * Jeff Bezos Is Leading Amazon (AMZN) in the Right Direction * Why Autonomous Could Be a Strong Driver for Nvidia (NVDA) Stock * Microsoft (MSFT) Stock's Big Rally Should Continue * Oppenheimer Still Sees 40% Upside for Tesla (TSLA) Stock
BlackBerry Ltd (NYSE: BB) CEO John Chen said Friday after the company's fourth-quarter report its turnaround is complete. Morgan Stanley's James Faucette maintains an Equal-Weight rating on Blackberry with an unchanged $10 price target. MKM Partners Michael Genovese maintains at Neutral, fair value estimate lifted from $8.50 to $11.