New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
March 27, 2014
14:27 EDTFB, BBRY, MSFT, FRFHFEarnings Preview: BlackBerry shares up sharply since Q3 report
BlackBerry (BBRY) is scheduled to report fourth quarter earnings on Friday, March 28, with a conference call scheduled for 8:00 am ET. BlackBerry is a wireless solutions provider that manufactures the BlackBerry smartphone and operating system. EXPECTATIONS: Analysts are looking for EPS of (57c) on revenue of $1.11B, according to First Call. The consensus range for EPS is ($1.04)-(25c) on revenue of $860M-$1.79B. LAST QUARTER: BlackBerry reported Q3 adjusted EPS of (67c) against estimates for (45c) on revenue of $1.19B against estimates for $1.59B. The company announced non-cash pre-tax charges of $4.6B for the quarter, associated with assets, inventory and supply commitments, and previously announced restructuring and strategic review actions. In January, the company announced that Fairfax Financial (FRFHF) agreed to buy an additional $250M worth of debt in the company in addition to the $1B Fairfax purchased in November. Also in January, the company announced it would divest the majority of its Canadian real estate holdings, and earlier this month the company confirmed the plans. In February, BlackBerry announced plans to bring its mobile messaging service, BBM, to Microsoft (MSFT) Windows Phone and Nokia X customers. The company also announced plans to launch new enterprise products, which are expected to be available by year-end. Earlier today, the company announced that it received “Full Operational Capacity” from the U.S. DoD. COMPANY NEWS: In January, Citron Research, which typically issues short theses on stocks, said it was long shares of BlackBerry and put a “minimum” price target on shares of $15. In mid-February, BlackBerry shares gained about 3% after noted investor Dan Loeb’s Third Point reported in its latest 13F filing with the SEC that it had taken a new 10M share stake in the handset maker. Following Facebook’s (FB) announcement that it would acquire messaging application WhatsApp for $16B, shares of BlackBerry advanced nearly 4% as investors speculated on the potential value of the company’s BBM messaging service following the deal. STREET RESEARCH: Analyst commentary on BlackBerry was mixed during the quarter, with the most recent rating change on shares coming from Societe Generale, which cut its rating on the stock to Sell from Hold. Earlier this week, Citigroup raised its price target on shares to $8 from $4, but maintained its Sell rating on shares. Earlier this month, CLSA raised its rating on BlackBerry to Underperform from Sell while raising its price target on the stock to $9.50 from $6. Other notable rating actions on BlackBerry shares during the quarter include a January upgrade to Sector Perform from Underperform at RBC Capital, and a January downgrade to Underperform from Perform at Oppenheimer. PRICE ACTION: On the first day of trade following its Q3 report, shares of BlackBerry gained 97c, or 15.52%, to close at $7.22. Since the first day of trade following its Q3 report, shares of BlackBerry have gained more than 45%, but for the 52-week period ended with yesterday’s trade, BlackBerry is still down more than 35%. In afternoon trade ahead of tomorrow’s Q4 report, BlackBerry is down over 3%.
News For BBRY;FRFHF;MSFT;FB From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | 4 | 5 | 6 | 7 | all recent news | >>
January 21, 2015
15:18 EDTMSFTMicrosoft unveils holographic goggle prototype, Wired reports
Subscribe for More Information
12:31 EDTMSFTMicrosoft Cortana to be available on Windows 10 computers, Business Insider says
Microsoft (MSFT) announced at its Windows 10 event that Cortana, its rival to Apple's (AAPL) Siri personal assistant, will be available for the desktop in Windows 10, Business Insider reports, adding that Cortana will be available across smartphones, PCs and tablets. Reference Link
12:22 EDTMSFTMicrosoft says Windows 8, Windows 7 customers to get free upgrade to Windows 10
This comment was made at the Microsoft Windows 10 Briefing. Reference Link
10:39 EDTBBRYBlackBerry off lows as Chinese language report on suitors circulates
Subscribe for More Information
10:06 EDTMSFTMicrosoft set to test key support, levels to watch
Subscribe for More Information
08:09 EDTMSFTDTS to enhance Starz audio technology on Microsoft's Xbox One
Subscribe for More Information
05:58 EDTBBRYStocks with implied volatility below IV index mean; BBRY ARNA
Subscribe for More Information
January 20, 2015
11:08 EDTMSFTMicrosoft acquires Equivio, terms not disclosed
Rajesh Jha, Microsoft's Corporate VP, Outlook and Office 365, announced on the company's blog that Microsoft has acquired Equivio, a provider of machine learning technologies for eDiscovery and information governance. Jha explains, "We are making this acquisition to help our customers tackle the legal and compliance challenges inherent in managing large quantities of email and documents." Reference Link
09:39 EDTMSFTMicrosoft Outlook in China hacked by government censorship department, CNBC says
Subscribe for More Information
06:57 EDTFBFacebook to upgrade Messenger app, experiment with revenue generation, WSJ says
Subscribe for More Information
06:08 EDTBBRYStocks with implied volatility below IV index mean; BBRY ARNA
Subscribe for More Information
06:02 EDTFBFacebook acquires boutique firm Teehan+Lax, terms not disclosed
Toronto-based boutique firm Teehan+Lax announced in a blog post on Friday that the company will join Facebook's design team in California. T+L said "In a few weeks we will be moving to the San Francisco Bay Area. This will mean saying goodbye to family, friends, Toronto, and Teehan+Lax." Terms of the deal have not been disclosed. Reference Link
January 19, 2015
07:45 EDTBBRYSamsung wants BlackBerry partnership, not takeover, WSJ reports
Subscribe for More Information
January 18, 2015
16:34 EDTFBFacebook job listings hint at push into virtual reality, Reuters says
Subscribe for More Information
January 16, 2015
16:36 EDTBBRYMarket finishes week lower on continued oil, global growth worries
Subscribe for More Information
12:26 EDTBBRYBlackBerry CFO again denies rumor, but Oppenheimer says company may be in play
Subscribe for More Information
10:27 EDTBBRYOptions with increasing implied volatility
Subscribe for More Information
09:47 EDTMSFTPolice arrest U.K. man in connection with Sony, Microsoft hack, Bloomberg says
Subscribe for More Information
07:38 EDTBBRYBlackBerry could become takeover target, says Oppenheimer
After meeting with BlackBerry's management, Oppenheimer noted that the company denied that it had received a takeover bid. The firm says that there could be interest in an acquisition of BlackBerry, but does not expect anything to occur immediately. Oppenheimer continues to believe that FY16 will be another transition year for the company and keeps a Perform rating.
06:10 EDTBBRYStocks with implied volatility below IV index mean; BBRY ARNA
Stocks with implied volatility below IV index mean; BlackBerry (BBRY) 63, Arena Pharmaceuticals (ARNA) 86 according to iVolatility.
1 | 2 | 3 | 4 | 5 | 6 | 7 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use