How Blackberry Is Making a Comeback

How Blackberry Is Making a Comeback

The former smartphone giant posted a stronger-than-expected second quarter, after, according to BlackBerry, its "complete transformation to a software company". But the company's posting of an encouraging net income of $19 million has shown that there is still life in the business yet. In the latest earnings report the EPS was $0.24 and is projected to be $0.04 for the current year with 531,000,000 shares presently outstanding.

While Blackberry's revenue is much lower than the $352 million it generated in the same quarter previous year, it's higher than the $244 million it made in fiscal 1Q18. BMO Capital Markets reiterated a "hold" rating and issued a $10.00 price target on shares of BlackBerry in a research note on Friday.

While Chen admitted to CNBC, that there could be bumps in the road ahead, BlackBerry has redefined itself as a software company, and once again the future looks bright.

USA plans to withdraw staff from embassy in Cuba
Embassy in Havana, a response that would deal a devastating blow to the delicate rapprochement between the countries . It was the highest-level diplomatic contact between the two countries since Trump became U.S. president in January.

Recent session action on shares of BlackBerry Limited (NASDAQ:BBRY) puts the stock on today's active list. In 2009, the company controlled the smartphone market with 41.6 per cent share. Much of the upside came from licensing. Thousands of workers were laid off as losses mounted and the business eventually gave up making phone handsets and chose to reinvent itself as a software and services specialist selling to large corporations.

A total of 21 brokerages have released a report on Blackberry.

Some buy side analysts are also providing their Analysis on BlackBerry Limited, where 0 analysts have rated the stock as Strong buy, 4 analysts have given a Buy signal, 10 said it's a HOLD, 2 reported it as Underperform and 0 analysts rated the stock as Sell.

IKEA Buys Taskrabbit To Make Assembly Even Easier
Despite this potential expansion, TaskRabbit will continue to operate as an independent firm. Swedish furniture store Ikea has bought US service startup TaskRabbit .

On Thursday, BlackBerry said it has signed a new deal for a Chinese manufacturer to sell BlackBerry Secure-branded devices starting early next year.

The firm ceased manufacturing the Blackberry smartphone a year ago to focus on software - a move which has seeemingly paid off.

BlackBerry Limited (BlackBerry) provides mobile communications solutions. The company's "technology solutions" revenue was also unchanged, at $38 million. More sales of the device should mean more licensing revenue for BlackBerry.

White House's slow response to aid Puerto Rico a disgrace
People fill containers with water at an area hit by Hurricane Maria in Canovanas, Puerto Rico , on September 26, 2017. MORE: Stars lend personal jets for Puerto Rico hurricane reliefThe first leg of their flight takes them to Miami.

John Chen, chief executive, has spent several years winding down the phone business and replacing it with software through its acquisitions. Total cash balance at the end of the fiscal second quarter is now $2.5 billion, which BlackBerry says it may use to acquire companies in the IoT, automotive or software industries.

Related Articles

  • Iraq's flight ban on Kurds goes into effect

    Iraq's flight ban on Kurds goes into effect

    He cited, for instance, Senate minority leader Chuck Schumer of NY , who Wednesday praised the Kurdish independence vote. The Iraqi government has placed a ban on global flights to airports in the country's Kurdish area.
    Kurdish unilateral independence and a deadly impasse

    Kurdish unilateral independence and a deadly impasse

    In its statement, the United States urged both Baghdad and Erbil to remain focused on fighting the Islamic State. Baghdad , Ankara and Tehran have dismissed the results of a secession referendum by the Iraqi Kurdistan region.
    White House's slow response to aid Puerto Rico a disgrace

    White House's slow response to aid Puerto Rico a disgrace

    People fill containers with water at an area hit by Hurricane Maria in Canovanas, Puerto Rico , on September 26, 2017. MORE: Stars lend personal jets for Puerto Rico hurricane reliefThe first leg of their flight takes them to Miami.
  • Fish hitchhike 4000 miles from Japan to US

    Fish hitchhike 4000 miles from Japan to US

    The non-decomposing nature of the plastic has also made a safe haven for the organisms to survive and reproduce in them elsewhere. A surf ski paddler (L) encounters part of a pod of dolphins surfing on a wave at Manly Beach in Sydney June 5, 2005.
    Former military man named as new leader of British UKIP

    Former military man named as new leader of British UKIP

    The result came after the party unveiled a new logo - which cost around £2,000 to develop - replacing the pound sign with a lion. On his personal website, Bolton says he will "resume Nigel Farage's legacy by restoring UKIP's relevance and authority".
    Will you dare to steal prince Harry's popcorn? This little girl did

    Will you dare to steal prince Harry's popcorn? This little girl did

    Also in attendance was the former USA president's White House second-in-command Joe Biden and his wife. Prince Harry and Prince William both made visits to the White House during the Obama administration.
  • Ikea purchases gig-economy startup TaskRabbit

    Ikea purchases gig-economy startup TaskRabbit

    Using the phone's camera, a customer can scan a room and then place Ikea furniture virtually to see how it looks (see below). Ikea and TaskRabbit are teaming up so customers do not have to deal with long task of assembling the furniture.
    Hundreds of sea critters hitchhiked out of Japan on tsunami debris

    Hundreds of sea critters hitchhiked out of Japan on tsunami debris

    The 2011 tsunami in North East Japan, triggered by an quake of magnitude 9, generated 5 million tonnes of debris. Researchers are still finding new species 6 years after the wave.
    A Republican Just Did Something Good for Abortion Rights

    A Republican Just Did Something Good for Abortion Rights

    Rauner has not yet announced whether he will seek re-election, allies are collecting signatures on his nominating petitions. The law also refutes that a human emerges in conception and makes sure abortion would not be banned in IL if Roe v.
  • How Many Kingfisher plc (LON:KGF)'s Analysts Are Bullish?

    How Many Kingfisher plc (LON:KGF)'s Analysts Are Bullish?

    The Electronic Systems segment consists of the Company's United States and United Kingdom-based electronics activities. Citadel Advisors Llc holds 0% of its portfolio in Esterline Technologies Corporation (NYSE:ESL) for 14,079 shares.
    Dozens of US Diplomats Pulled From Cuba

    Dozens of US Diplomats Pulled From Cuba

    The officials say the U.S.is ordering all nonessential staff in the embassy in Havana to leave, along with all family members. Cuba blasted the American move as "hasty" and lamented that it was being taken without conclusive investigation results.
    Area football teams, players take a knee during national anthem in protest

    Area football teams, players take a knee during national anthem in protest

    Given the court's decisions , other public schools are issuing memos re-affirming students' right to kneel . Both were well written articles that were interesting, informative and certainly timely.