BlackBerry (TSE:BB) Raised to “Strong-Buy” at TD Securities

BlackBerry (TSE:BB) (NASDAQ:BBRY) was upgraded by equities researchers at TD Securities from a “hold” rating to a “strong-buy” rating in a report released on Friday,Zacks.com reports.

BlackBerry Trading Up 23.1 %

Shares of BlackBerry stock opened at C$5.27 on Friday. The company has a fifty day simple moving average of C$3.58 and a 200-day simple moving average of C$3.44. BlackBerry has a 12-month low of C$2.89 and a 12-month high of C$5.31. The company has a current ratio of 1.44, a quick ratio of 1.49 and a debt-to-equity ratio of 34.15. The stock has a market cap of C$3.11 billion, a price-to-earnings ratio of -17.00, a PEG ratio of 0.06 and a beta of 1.07.

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