BlackBerry (TSE:BB) Stock Rating Upgraded by TD Securities

TD Securities upgraded shares of BlackBerry (TSE:BB) (NASDAQ:BBRY) from a hold rating to a strong-buy rating in a research note published on Friday,Zacks.com reports.

BlackBerry Stock Performance

Shares of BlackBerry stock traded up C$0.99 on Friday, reaching C$5.27. 13,594,716 shares of the stock were exchanged, compared to its average volume of 2,274,682. 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 firm has a market capitalization of C$3.11 billion, a PE ratio of -17.00, a PEG ratio of 0.06 and a beta of 1.07. BlackBerry has a 1-year low of C$2.89 and a 1-year high of C$5.31. The business has a fifty day moving average price of C$3.54 and a two-hundred day moving average price of C$3.42.

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, topping the consensus estimate of C($0.05) by C$0.03. BlackBerry had a negative return on equity of 17.68% and a negative net margin of 21.66%. The firm had revenue of C$198.60 million during the quarter. As a group, research analysts anticipate that BlackBerry will post 0.0551903 earnings per share for the current fiscal year.

About BlackBerry

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.