Initial enthusiam for the Blackberry 10 users increasing
BlackBerry shares fell nearly four % on weekday once a Bernstein analysis analyst cut his rating on the stock to "underperform" previous the company's quarterly earnings unharness next week.
While Bernstein's state capital Ferragu aforesaid he expected unsatisfying results from the smartphone maker, alternative analysts have optimistic expectations, inform to a fair additional volatile endure a typically volatile stock.
In the previous couple of days, there are square measure each upgrades and downgrades to the stock as BlackBerry seeks to acquire market share it's lost to the likes of Apple INC and Samsung physical science with new smartphones supercharged by its BlackBerry ten software package (Review).
"The initial enthusiasm that we have a tendency to discovered for Blackberry ten devices currently seems to be waning," Ferragu aforesaid in a very note to purchasers. He additionally cut his value target on the corporate to $10 from $15.
Shares of BlackBerry, that reports financial first-quarter results on June twenty eight, fell 3.6 % to $14.31 in morning NASDAQ commerce. The stock born as low as $6.22 last Sept, however has quite doubled in worth since then.
The new devices launched over the previous couple of months to principally positive reviews. however the corporate has not however free too several details regarding sales figures.
Societe Generale analyst Andy Perkins last week upgraded BlackBerry to "buy" from "sell," spoken communication that channel checks had come back up with some amazingly sturdy numbers for the company's unit sales.
RBC Capital Markets on weekday raised its first-quarter sales estimate to three.5 million BlackBerry ten units from a pair of.75 million. It expects shipments of four million BB10-enabled devices within the current quarter, up from a previous outlook of three million.
While Bernstein's state capital Ferragu aforesaid he expected unsatisfying results from the smartphone maker, alternative analysts have optimistic expectations, inform to a fair additional volatile endure a typically volatile stock.
In the previous couple of days, there are square measure each upgrades and downgrades to the stock as BlackBerry seeks to acquire market share it's lost to the likes of Apple INC and Samsung physical science with new smartphones supercharged by its BlackBerry ten software package (Review).
"The initial enthusiasm that we have a tendency to discovered for Blackberry ten devices currently seems to be waning," Ferragu aforesaid in a very note to purchasers. He additionally cut his value target on the corporate to $10 from $15.
Shares of BlackBerry, that reports financial first-quarter results on June twenty eight, fell 3.6 % to $14.31 in morning NASDAQ commerce. The stock born as low as $6.22 last Sept, however has quite doubled in worth since then.
The new devices launched over the previous couple of months to principally positive reviews. however the corporate has not however free too several details regarding sales figures.
Societe Generale analyst Andy Perkins last week upgraded BlackBerry to "buy" from "sell," spoken communication that channel checks had come back up with some amazingly sturdy numbers for the company's unit sales.
RBC Capital Markets on weekday raised its first-quarter sales estimate to three.5 million BlackBerry ten units from a pair of.75 million. It expects shipments of four million BB10-enabled devices within the current quarter, up from a previous outlook of three million.
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