BlackBerry (TSE:BB) Stock Rating Upgraded by Cibc World Mkts

BlackBerry (TSE:BB) (NASDAQ:BBRY) was upgraded by analysts at Cibc World Mkts from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Thursday, Zacks.com reports.

BlackBerry Stock Up 10.5 %

Shares of TSE:BB opened at C$3.36 on Thursday. BlackBerry has a 12-month low of C$3.02 and a 12-month high of C$7.82. The company has a current ratio of 1.43, a quick ratio of 1.49 and a debt-to-equity ratio of 32.47. The stock’s 50-day moving average price is C$3.78 and its 200-day moving average price is C$4.02. The stock has a market capitalization of C$1.98 billion, a P/E ratio of -11.20, a price-to-earnings-growth ratio of 0.06 and a beta of 1.08.

BlackBerry (TSE:BB) (NASDAQ:BBRY) last announced its quarterly earnings results on Wednesday, April 3rd. The company reported C$0.03 EPS for the quarter, topping analysts’ consensus estimates of C($0.07) by C$0.10. The business had revenue of C$232.61 million for the quarter. BlackBerry had a negative return on equity of 15.92% and a negative net margin of 15.24%. On average, equities analysts anticipate that BlackBerry will post 0.0273766 earnings per share for the current year.

About BlackBerry

BlackBerry Limited provides intelligent security software and services to enterprises and governments worldwide. The company operates through three segments: Cybersecurity, IoT, and Licensing and Other. The company offers CylanceENDPOINT, an integrated endpoint security solution; CylanceGUARD, a managed detection and response solution; CylanceEDGE, an AI-powered continuous authentication zero trust network access solution; CylanceINTELLIGENCE, a contextual cyber threat intelligence service; BlackBerry Dynamics offers a development platform and secure container for mobile applications; BlackBerry Workspaces a secure Enterprise File Sync and Share (EFSS) solution; BlackBerry Messenger (BBM) Enterprise, an enterprise-grade secure instant messaging solution for messaging, voice and video; BlackBerry SecuSUITE is a certified, multi-OS voice and text messaging solution; BlackBerry AtHoc, a secure networked critical event management solution; and BlackBerry unified endpoint management (UEM) solutions.