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February 7, 2013
10:08 EDTBBRYBlackBerry advances after Wells Fargo ups to Outperform
Smartphone maker BlackBerry (BBRY) is climbing after Wells Fargo analyst Maynard Um upgraded the stock to Outperform from Market Perform in a note to investors earlier today. BlackBerry's gross margins should increase as it sells more devices that utilize its new BB10 operating system, the analyst believes. The stock's risk/reward ratio is positive at this time, as the shares already anticipate that BB10 will meet "some level of failure," Um wrote. Also upbeat on BlackBerry was Jefferies analyst Peter Misek. Most companies that have tested BlackBerry's new operating system for enterprises, BES 10, "seem truly impressed" by the product, wrote Misek after speaking with several of these companies. Moreover, he estimates that 20% of Fortune 500 companies are testing BES 10. Misek reported that half of the stores he contacted in Canada had sold out of BlackBerry's new Z10 smartphone. Larger stores received 30-100 of the devices, he added. Misek maintained a $19.50 price target and Buy rating on the shares. Meanwhile, BlackBerry announced that Richard Lynch, a former Verizon (VZ) Executive Vice President and Bert Nordberg, a former CEO of Sony Ericsson Mobile Communications, would join its board of directors. In mid-morning trading, BlackBerry climbed 50c, or 3%, to $16.55.
News For BBRY From The Last 14 Days
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May 29, 2015
08:22 EDTBBRYBlackBerry FY16 targets looking unattainable, says Morgan Stanley
Morgan Stanley's James Faucette said the firm's checks indicate BlackBerry's BES12 is facing a tough mobile device management market that may be more mature than most people think. Checks also found the refresh cycle for BlackBerry devices at enterprise accounts to be "underwhelming" to date. The company's goals of collecting $9 per month in ARPU and capturing the roughly 8M-10M subscribers needed to hit guidance of $500M in annual software revenue exiting FY16 appear unattainable at current rates unless the company accelerates revenue acquisitions at potentially dilutive multiples, added Faucette, who keeps his Underweight rating and $7 price target on BlackBerry shares.
05:52 EDTBBRYGlobal smartphone shipments to reach 1.37B in 2015, DigiTimes reports
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May 28, 2015
09:34 EDTBBRYActive equity options trading on open
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May 27, 2015
09:38 EDTBBRYActive equity options trading on open
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May 26, 2015
13:36 EDTBBRYSources say Microsoft examining potential BlackBerry bid, Betaville reports
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May 25, 2015
19:08 EDTBBRYBlackBerry consolidates device business, cuts 'number' of jobs, Re/code says
BlackBerry announced it will consolidate its device software, hardware and applications business, impacting a number of employees around the world, reports Re/code, citing an emailed statement from the company. "One of our priorities is making our device business profitable. At the same time, we must grow software and licensing revenues. You will see in the coming months a significant ramping up in our customer-facing activities in sales and marketing," said the company. Reference Link
May 22, 2015
10:59 EDTBBRYBlackBerry advances after second report says Microsoft weighing bid
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06:18 EDTBBRYBlackBerry an acquisition target after return to profitability, Digitimes says
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May 21, 2015
16:50 EDTBBRYBlackBerry up 2% after announcing proposed share repurchase program
16:38 EDTBBRYBlackBerry to propose new employee share purchase plan
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16:36 EDTBBRYBlackBerry to buy for cancellation up to 12M common shares
BlackBerry announced that its Board of Directors has authorized a share repurchase program to purchase for cancellation up to 12M BlackBerry common shares, or approximately 2.6% of the outstanding public float. BlackBerry can purchase the common shares over the Nasdaq Stock Market or, subject to regulatory approval, on the Toronto Stock Exchange or other markets. In the past 12 months, BlackBerry has not repurchased any of its outstanding securities. At its annual meeting of shareholders on June 23, BlackBerry will present for approval a new employee share purchase plan and a proposed increase in the number of shares available under BlackBerry's equity incentive plan. If these proposals are approved by shareholders at the meeting, BlackBerry will file a notice of intention to commence a normal course issuer bid with the TSX. The share repurchase program would remain in place for up to 12 months from acceptance of the notice of intention by the TSX, or such earlier time as the purchases are completed or the program is terminated by BlackBerry. If the proposals are not approved by shareholders, BlackBerry does not expect that it will proceed with the share repurchase program. "The purpose of this repurchase program will be to offset dilution that may result from our proposed employee share purchase plan and from proposed amendments to our equity incentive plan," said BlackBerry Executive Chairman and CEO, John Chen. "We intend to take advantage of our strong cash position to purchase our shares when the market price does not reflect what we view to be the underlying value and future prospects of our business, without adversely affecting our strategic initiatives," added Mr. Chen. The price that BlackBerry will pay for any shares under the share repurchase program will be the prevailing market price at the time of purchase. The share repurchase program will be effected in accordance with Rule 10b-18 under the U.S. Securities Exchange Act of 1934 and the TSX's normal course issuer bid rules, which contain restrictions on the number of shares that may be purchased on a single day, subject to certain exceptions for block purchases, based on the average daily trading volumes of BlackBerry's shares on the applicable exchange. In addition, BlackBerry may enter into forward purchase or swap contracts in connection with common shares which may be settled by physical settlement, cash settlement or a combination thereof. The forward price will be based on market price, dividend yield and market interest rates.
May 19, 2015
08:37 EDTBBRYBlackBerry software showing encouraging signs, says RBC Capital
RBC Capital says it's seeing encouraging signs regarding the sales of BlackBerry's software to regulated sectors, including government ,financials, and healthcare. The firm says that the company's mobile device management system, BES 12, is adding customers, while its resellers are getting more comfortable selling its software and sales of its technology solutions products are beating its guidance. RBC slashed its hardware sales estimates for the company and expects its Q1 revenue to come in well below expectations as a result, but adds that software has become the company's focus. It keeps an $11 price target and Sector Perform rating on the shares.
06:29 EDTBBRYBlackBerry CEO says smartphone business will be profitable again, BI reports
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May 18, 2015
05:50 EDTBBRYStocks with implied volatility movement; BBRY MNKD
Stocks with implied volatility movement; BlackBerry (BBRY) 55, MannKind (MNKD) 75 according to iVolatility.

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