New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
February 6, 2013
14:06 EDTBBRYBlackBerry: In Canada best day ever yesterday for 1st day of new model
In a press release Blackberry CEO said "In Canada, yesterday was the best day ever for the first day of a launch of a new BlackBerry smartphone. In fact, it was more than 50% better than any other launch day in our history in Canada, In the UK, we have seen close to three times our best performance ever for the first week of sales for a BlackBerry smartphone."
News For BBRY From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | all recent BBRY news | >>
September 26, 2014
07:01 EDTBBRYBlackBerry reports Q2 EPS (2c), consensus (16c)
Subscribe for More Information
September 25, 2014
16:17 EDTBBRYOn The Fly: Closing Wrap
Stocks on Wall Street were sharply lower and suffered their worst day in nearly two months, with market participants pointing to a number of reasons for the broad-based weakness. Shares of Apple (AAPL) were a drag on the market, and particularly on the Nasdaq, as the tech giant slid after a number of reports pointed to customer issues with its new iPhone 6 and an update to its mobile operating system. Cautious comments about rates by a noted Federal Reserve "hawk" may have also contributed, as well as reports that Russia may respond to U.S. and EU sanctions with a new law that will allow it to seize foreign property within the country. ECONOMIC EVENTS: In the U.S., initial jobless claims rose 12K to 293K in the week ended September 20, though this was below the consensus forecast for 296K new claims. Durable goods orders fell 18.2% in August following a 22.5% surge in July. However, excluding transportation, orders were up 0.7%, which was a bit above the forecast for a 0.6% increase. Additionally, the head of the Dallas Federal Reserve, Richard Fisher, said that the central bank may start raising rates in the spring of 2015, which is earlier than most market watchers expect. Also, a Reuters report that Russia has drafted a law that would allow it to seize foreign assets on Russian territory to compensate those impacted by sanctions or who have had their own property seized outside of Russia garnered significant attention. COMPANY NEWS: Apple declined $3.88, or 3.81%, to $97.87 after reports yesterday from various tech blogs said the company pulled a new update of iOS 8 after complaints that the new software was crashing cellular service and Touch ID on users' phones. Other reports indicate the new iPhone 6 is reportedly bending in some owners' pockets, though the company told CNBC's John Fortt that it has only received nine customer complaints regarding bent phones. Also, Barron's reported that Apple insiders, including CEO Tim Cook, have sold over 1.4M shares of Apple stock this month. MAJOR MOVERS: Among the notable gainers was Swift Transport (SWFT), which gained $1.83, or 9.56%, to $20.98 after the company backed its Q3 earnings outlook and said it was "cautiously optimistic" about the trends it has seen as a result of its strategic decision regarding driver compensation. Also higher was IGI Laboratories (IG), which rose $1.36, or 18.26%, to $8.81 after the company acquired the regulatory rights and related documents and records for 18 drug products from AstraZeneca (AZN). Among the noteworthy losers was BlackBerry (BBRY), which fell 71c, or 6.76%, to $9.80 the day before it reports on its quarterly results. Ahead of tomorrow morning's report, BGC Financial analyst Colin Gillis downgraded shares of the smartphone maker to Hold from Buy, saying the company's results "may prove underwhelming." Also lower were shares of adhesives maker H.B. Fuller (FUL), which fell $6.30, or 14.32%, to $37.68 after the company's third quarter results and fourth quarter profit outlook missed analysts' consensus estimates. INDEXES: The Dow plunged 264.26, or 1.54%, to 16,945.80, the Nasdaq dropped 88.47, or 1.94%, to 4,466.75, and the S&P 500 declined 32.31, or 1.62%, to 1,965.99.
15:29 EDTBBRYNotable companies reporting before tomorrow's open
Subscribe for More Information
14:29 EDTBBRYEarnings Preview: BlackBerry downgraded at BGC ahead of tomorrow's report
BlackBerry (BBRY) is expected to report second quarter earnings before the open on Friday, September 26, with a conference call scheduled for 8:00 am ET. BlackBerry manufactures and markets mobile devices, such as smartphones, and creates software and services for those devices. EXPECTATIONS: Analysts are expecting losses per share of (16c) on revenue of $949.64M. The consensus range is (36c)-(4c) for EPS on revenue of $855.9M-$1.16B, according to First Call. LAST QUARTER: On June 19, BlackBerry reported a loss per share, excluding certain items, of (11c), versus analysts' consensus estimate of a (26c) per share loss. The company's revenue of $966M was a bit higher than the consensus expectation near $963M. The smartphone maker said that it had recognized revenue on about 1.6M of its smartphones, up from about 1.3M during the previous quarter. Moreover, it said that it was close to reaching the breakeven point on hardware sales and added that it expects its subscriber numbers to be steady going forward. BlackBerry should be profitable sometime in fiscal 2016, company CEO John Chen stated. NEWS: On July 21, BlackBerry announced that it has named Marty Beard as its Chief Operating Officer. Prior to the appointment, Beard had been chairman and CEO of LiveOps. After Apple (AAPL) and IBM (IBM) announced an enterprise partnership, BlackBerry CEO John Chen told Financial Times on July 24 that his company was in early talks with companies about working together in parts of the enterprise market, though he declined to comment on who the discussions have been with. Last month, BlackBerry announced that it has named Sandeep Chennakeshu to lead a new business unit to be called BlackBerry Technology Solutions, or BTS. The BTS business unit comprises BlackBerry's technology assets, including QNX, Project Ion, Certicom and Paratek as well as BlackBerry's patent portfolio. Two weeks ago, BlackBerry announced that it has acquired Movirtu, a provider of virtual identity solutions for mobile operators that allows multiple numbers to be active on a single device. Terms of the transaction were not disclosed, though the next day Wells Fargo wrote that it thinks the deal brings a degree of differentiation to BlackBerry's mobile device management solutions and will make BYOD better for both companies and employees. Yesterday, BlackBerry launched the Passport, a high-end smartphone featuring a large square touch screen and new QWERTY touch-enabled keyboard. Inspired by actual passports, the device was "purpose-built for productivity-driven business professionals," the company stated. STREET RESEARCH: On the day of BlackBerry's last quarterly report, BGC Financial said that it thought that the negative thesis on BlackBerry was falling apart, at least in the short-term. However, this afternoon BGC Financial analyst Colin Gillis downgraded shares of BlackBerry to Hold from Buy, saying the company's quarterly results tomorrow "may prove underwhelming." Gillis expects BlackBerry's revenue declines to continue in the current quarter and noted that his estimate is below consensus. He has an $11 price target for the shares. Also today, MKM Partners stated in a note to investors that it believes BlackBerry's new Passport phone is for "hardcore entrenched BB users" and unlikely to make much of a difference. The firm kept a Neutral rating on the stock with a $10 price target. PRICE ACTION: On the day of its last report, shares of BlackBerry climbed 9.65% to close at $9.09. Since the day after that initial pop, the stock has gained about another 10%. In afternoon trading, BlackBerry was down 51c, or almost 5%, to $10.00.
12:55 EDTBBRYBlackBerry downgraded to Hold from Buy at BGC Financial
Subscribe for More Information
12:53 EDTBBRYBlackBerry September weekly 10.5 straddle priced for 9.6% move into Q2
Subscribe for More Information
12:53 EDTBBRYBlackBerry downgraded to Hold from Buy at BGC Financial
09:14 EDTBBRYBlackBerry volatility increases into Q2 and outlook
Subscribe for More Information
07:31 EDTBBRYBlackBerry Passport unlikely to make a difference, says MKM Partners
Subscribe for More Information
06:08 EDTBBRYStocks with implied volatility above IV index mean; IBM BBRY
Subscribe for More Information
September 24, 2014
12:42 EDTBBRYBlackBerry volatility increases into Q2 and outlook
Subscribe for More Information
12:36 EDTBBRYBlackBerry's Passport unlikely to win considerable share, says Credit Suisse
Subscribe for More Information
11:58 EDTBBRYBlackBerry launches smartphone geared towards mobile professionals
Subscribe for More Information
11:42 EDTBBRYMobileiron advances after analyst sees easing competition
Subscribe for More Information
September 23, 2014
13:11 EDTBBRYBlackBerry volatility increases into Q2 and outlook
Subscribe for More Information
07:28 EDTBBRYBlackBerry prices 'Passport' below competing high-end smartphones, WSJ says
BlackBerry, whose Passport smartphone marks its first global launch since its BB10 operating system, is pricing the new phone at $599 in the U.S. without subsidies, which is below Apple's (AAPL) iPhone 6, which starts at $649 without contract, and Samsung's (SSNLF) Galaxy S5, which was similarly priced at about $650 at launch, reported The Wall Street Journal. Reference Link
September 22, 2014
06:30 EDTBBRYBlackBerry CEO's plan to abandon consumer market showing results, WSJ says
Subscribe for More Information
September 19, 2014
09:26 EDTBBRYBlackBerry global units stabilizing, says ITG Research
Subscribe for More Information
08:34 EDTBBRYBlackBerry volatility elevated into Q2 and outlook
Blackberry September weekly call option implied volatility is at 94, October weekly is at 75, October is at 59, November is at 52, December is at 54; compared to its 26-week average of 56 according to Track Data, suggesting large near term price movement into the expected release of Q2 results on September 26.
September 18, 2014
05:56 EDTBBRYStocks with implied volatility top IV index mean; AMD BBRY
Subscribe for More Information
1 | 2 | all recent BBRY 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