Analyst cuts rating on BlackBerry, stock falls
posted by Alan F. / Jun 19, 2013, 12:46 PM
In a note to clients, Ferragu said, "The initial enthusiasm that we observed for Blackberry 10 devices now appears to be waning," and cut his target on the stock to $10 from $15. BlackBerry has introduced three BlackBerry 10 models this year with another 3 to 4 expected before the end of the year. BlackBerry has been guarded about how well the all-touch BlackBerry Z10 and the QWERTY equipped BlackBerry Q10 have fared in the market, so the earnings report is expected to be closely watched by both Wall Street analysts and industry players.
As of mid-day Wednesday, BlackBerry shares were trading at $14.16, down 68 cents on the day. Last September, the stock traded as low as $6.22.
Posts: 334; Member since: Jun 04, 2013
Can't trust news aka trash anymore. One day, it's doing great. Next day, it's doing terrible. Huh? Only hard numbers like revenue, profit, etc tell the truth.
posted on Jun 19, 2013, 12:54 PM 2
Posts: 5498; Member since: Aug 05, 2011
"Can't trust news aka trash anymore. One day, it's doing great. Next day, it's doing terrible. Huh?" I think that BlackBerry was spreading propaganda to artificially increase confidence in BlackBerry.
posted on Jun 19, 2013, 1:15 PM 0
i hope blackberry can step it up and continue to improve their bb10 os. I'd really love to give it a try if only Sprint would carry them (and windows phone)... dang it sprint!
posted on Jun 19, 2013, 2:08 PM 1
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