We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
BlackBerry (BB) Gains As Market Dips: What You Should Know
Read MoreHide Full Article
BlackBerry (BB - Free Report) closed the most recent trading day at $5.58, moving +2.95% from the previous trading session. The stock's change was more than the S&P 500's daily loss of 0.41%. Elsewhere, the Dow saw a downswing of 1.13%, while the tech-heavy Nasdaq depreciated by 0.19%.
Coming into today, shares of the cybersecurity software and services company had gained 56.65% in the past month. In that same time, the Computer and Technology sector gained 18.71%, while the S&P 500 gained 10.02%.
The investment community will be closely monitoring the performance of BlackBerry in its forthcoming earnings report. The company is predicted to post an EPS of $0.03, indicating a 50% growth compared to the equivalent quarter last year.
BB's full-year Zacks Consensus Estimates are calling for earnings of $0.17 per share and revenue of $600.2 million. These results would represent year-over-year changes of +6.25% and +9.31%, respectively.
Investors should also take note of any recent adjustments to analyst estimates for BlackBerry. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 8.11% higher. Right now, BlackBerry possesses a Zacks Rank of #2 (Buy).
Investors should also note BlackBerry's current valuation metrics, including its Forward P/E ratio of 31.27. This expresses a premium compared to the average Forward P/E of 19.38 of its industry.
The Internet - Software industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 70, finds itself in the top 29% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
View the Zacks #1 Rank List
Image: Bigstock
BlackBerry (BB) Gains As Market Dips: What You Should Know
BlackBerry (BB - Free Report) closed the most recent trading day at $5.58, moving +2.95% from the previous trading session. The stock's change was more than the S&P 500's daily loss of 0.41%. Elsewhere, the Dow saw a downswing of 1.13%, while the tech-heavy Nasdaq depreciated by 0.19%.
Coming into today, shares of the cybersecurity software and services company had gained 56.65% in the past month. In that same time, the Computer and Technology sector gained 18.71%, while the S&P 500 gained 10.02%.
The investment community will be closely monitoring the performance of BlackBerry in its forthcoming earnings report. The company is predicted to post an EPS of $0.03, indicating a 50% growth compared to the equivalent quarter last year.
BB's full-year Zacks Consensus Estimates are calling for earnings of $0.17 per share and revenue of $600.2 million. These results would represent year-over-year changes of +6.25% and +9.31%, respectively.
Investors should also take note of any recent adjustments to analyst estimates for BlackBerry. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 8.11% higher. Right now, BlackBerry possesses a Zacks Rank of #2 (Buy).
Investors should also note BlackBerry's current valuation metrics, including its Forward P/E ratio of 31.27. This expresses a premium compared to the average Forward P/E of 19.38 of its industry.
The Internet - Software industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 70, finds itself in the top 29% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.