BlackBerry (TSE:BB) Raised to "Strong-Buy" at TD Securities

BlackBerry (TSE:BB - Get Free Report) NASDAQ: BBRY was upgraded by stock analysts at TD Securities from a "hold" rating to a "strong-buy" rating in a research note issued on Friday,Zacks.com reports.

BlackBerry Price Performance

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Shares of TSE BB traded up C$0.99 during midday trading on Friday, reaching C$5.27. 13,594,716 shares of the stock traded hands, compared to its average volume of 2,274,682. The stock has a market capitalization of C$3.11 billion, a PE ratio of -17.00, a P/E/G ratio of 0.06 and a beta of 1.07. The company's 50 day moving average is C$3.54 and its 200 day moving average is C$3.42. The company has a debt-to-equity ratio of 34.15, a current ratio of 1.44 and a quick ratio of 1.49. BlackBerry has a one year low of C$2.89 and a one year high of C$5.31.

BlackBerry (TSE:BB - Get Free Report) NASDAQ: BBRY last issued its quarterly earnings data on Thursday, September 26th. The company reported C($0.02) earnings per share for the quarter, topping the consensus estimate of C($0.05) by C$0.03. The company had revenue of C$198.60 million for the quarter. BlackBerry had a negative return on equity of 17.68% and a negative net margin of 21.66%. On average, equities research analysts anticipate that BlackBerry will post 0.0551903 earnings per share for the current year.

BlackBerry Company Profile

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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.

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