BB - Blackberry's Visibility To Near-term Profitability Is Starting To Improve - Analyst Eyes Value-creation Strategies | Benzinga
RBC Capital Markets analyst Paul Treiber reiterated the Sector Perform rating on BlackBerry Limited (NYSE:BB), with a price forecast of $3.
BlackBerry’s first-quarter revenues of $144 million exceeded estimates, driven by a robust performance in its cybersecurity segment. BlackBerry’s cybersecurity revenue is expected to range between $82 million and $86 million in the second quarter.
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According to the analyst, visibility to near-term profitability is improving, and BlackBerry plans to provide segmented financials in October.
Near-term stabilization of BlackBerry’s business and profitability may help lift ...