BlackBerry (TSE:BB) Rating Increased to Strong-Buy at TD Securities

TD Securities upgraded shares of BlackBerry (TSE:BB) (NASDAQ:BBRY) from a hold rating to a strong-buy rating in a research note released on Friday morning,Zacks.com reports.

BlackBerry Price Performance

Shares of TSE:BB traded up C$0.99 during midday trading on Friday, hitting C$5.27. The company had a trading volume of 13,594,716 shares, compared to its average volume of 2,274,682. BlackBerry has a twelve month low of C$2.89 and a twelve month high of C$5.31. The company has a debt-to-equity ratio of 34.15, a current ratio of 1.44 and a quick ratio of 1.49. The business’s 50-day simple moving average is C$3.54 and its 200-day simple moving average is C$3.42. The stock has a market cap of C$3.11 billion, a price-to-earnings ratio of -17.00, a price-to-earnings-growth ratio of 0.06 and a beta of 1.07.

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

BlackBerry Company Profile

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.