Connect with us

Business

Why BlackBerry Stock fell 18.1% in March

Avatar

Published

on


What happened

Actions of Blackberry (NYSE: BB) fell 18.1% in March, according to data from S&P Global Market Intelligence. The stock had made big gains at the start of the year on short-term momentum, but the company’s valuation slipped last month amid weaker-than-expected quarterly results and widespread sales for tech companies. dependent on growth.

BlackBerry released its fourth quarter results on March 30, and the report was missed on several fronts. Sales fell about 25% year-over-year to $ 215 million on a non-GAAP (adjusted) basis, while analysts’ average estimate predicted revenue of $ 245 million. dollars over the period. The company’s adjusted earnings per share came in at $ 0.03, which was in line with expectations, but its GAAP loss of $ 0.56 per share was much worse than the target of $ 0.03 per share. suggested by analysts’ average estimate.

A man looking at computers in a BlackBerry network center.

Image source: BlackBerry.

So what

BlackBerry attributed part of its large fourth quarter shortfall to its continued partial sale of its mobile device, messaging and wireless network patenting business to a North American-based limited company. BlackBerry said the sales initiative caused it to relax sales and marketing activities that would otherwise have boosted revenue in the quarter, but the results were disappointing no matter how you slice it up. , and it’s no surprise that the market bristled in performance. .

Now what

BlackBerry stock made gains at the start of trading in April. The company’s share price climbed around 2.6% on the first trading day of the month.

BB chart

BB given by YCharts

BlackBerry expects to post double-digit billing growth for its cybersecurity and technology units. Overall software and services revenue for the period is expected to be between $ 675 million and $ 715 million, representing a 12% year-over-year growth in the middle of the target.

BlackBerry has a market capitalization of around $ 4.9 billion and is valued at around six times expected sales this year and 57 times expected earnings this year.

This article represents the opinion of the writer, who may disagree with the official recommendation position of a premium Motley Fool consulting service. Were motley! Challenging an investment thesis – even one of our own – helps us all to think critically about investing and make decisions that help us become smarter, happier, and richer.



What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos



picture credit

ExBUlletin

to request, modification Contact us at Here or [email protected]