BlackBerry Limited is slated to release second-quarter fiscal 2018 (ended Aug 31, 2018) results on Sep 28, before the market opens.
In the last quarter, the company reported earnings of 2 cents per share. The Zacks Consensus Estimate is pegged at breakeven. In fact, it has an impressive earnings history.
Factors Likely at Play
The company is expected to perform impressively in the second quarter of fiscal 2018, driven by its decision to end all internal hardware development and focus exclusively on software business.
The company expects its software business to either outperform or at least perform at par with the overall market in fiscal 2018. In fact, the company anticipates profitability (on an adjusted basis) and also expects to generate positive free cash flow in the same year.
Results in the quarter are likely to be benefitted by payments following the dispute settlement with the U.S. chipmaker Qualcomm (QCOM - Free Report) . Moreover, BlackBerry’s efforts to expand its product portfolio augur well and should boost results in the quarter.
In June 2017 , BlackBerry unveiled an innovative software – QNX Hypervisor 2.0 – for running complex computer systems on Internet-connected cars. The software will help in running complex computer systems in vehicles to make it more secure from hacking.
In August 2017, BlackBerry signed an agreement with Appdome, the first cloud hub for mobile app integration. The contract would allow codeless integration of secure voice, video and messaging functions. The deal with Ford (F - Free Report) , inked last year, aims to send some of its software developers to the car giant to help work on driverless car technology.
However, with increasing global exposure, BlackBerry faces the risk of adverse foreign exchange fluctuations. Adverse foreign currency movements might hurt results in the quarter.
A Well-Performing Stock
InterDigital, Inc. (IDCC - Free Report) sporting a Zacks Rank #1 (Strong Buy) is expected to perform well in its next earnings release. Like BlackBerry, this stock is also a part of the Computer and Technology sector. You can see the complete list of today’s Zacks #1 Rank stocks here.
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Zacks Names "Single Best Pick to Double"
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It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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BlackBerry Limited is slated to release second-quarter fiscal 2018 (ended Aug 31, 2018) results on Sep 28, before the market opens.
In the last quarter, the company reported earnings of 2 cents per share. The Zacks Consensus Estimate is pegged at breakeven. In fact, it has an impressive earnings history.
Factors Likely at Play
The company is expected to perform impressively in the second quarter of fiscal 2018, driven by its decision to end all internal hardware development and focus exclusively on software business.
The company expects its software business to either outperform or at least perform at par with the overall market in fiscal 2018. In fact, the company anticipates profitability (on an adjusted basis) and also expects to generate positive free cash flow in the same year.
Results in the quarter are likely to be benefitted by payments following the dispute settlement with the U.S. chipmaker Qualcomm (QCOM - Free Report) . Moreover, BlackBerry’s efforts to expand its product portfolio augur well and should boost results in the quarter.
In June 2017 , BlackBerry unveiled an innovative software – QNX Hypervisor 2.0 – for running complex computer systems on Internet-connected cars. The software will help in running complex computer systems in vehicles to make it more secure from hacking.
In August 2017, BlackBerry signed an agreement with Appdome, the first cloud hub for mobile app integration. The contract would allow codeless integration of secure voice, video and messaging functions. The deal with Ford (F - Free Report) , inked last year, aims to send some of its software developers to the car giant to help work on driverless car technology.
However, with increasing global exposure, BlackBerry faces the risk of adverse foreign exchange fluctuations. Adverse foreign currency movements might hurt results in the quarter.
A Well-Performing Stock
InterDigital, Inc. (IDCC - Free Report) sporting a Zacks Rank #1 (Strong Buy) is expected to perform well in its next earnings release. Like BlackBerry, this stock is also a part of the Computer and Technology sector. You can see the complete list of today’s Zacks #1 Rank stocks here.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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