Why BlackBerry Shares Popped Today
Shares of BlackBerry (NASDAQ: BBRY) have popped today, up by 14.8% as of 12:29 p.m. EDT, after the company reported fiscal second-quarter earnings.
Non-GAAP revenue in the second quarter totaled $249 million, with non-GAAP earnings per share of $0.05. The Street was modeling for a breakeven bottom line, so squeezing out an adjusted profit was a welcome surprise for investors.
BlackBerry Unified Endpoint Management (UEM) dashboard. Image source: BlackBerry.
Source: Fool.com
BlackBerry Ltd. Stock
€2.12
-0.090%
With 1 Sell predictions and 1 Buy predictions the community sentiment towards the BlackBerry Ltd. stock is not clear.
A target price of 1 € results in a potential of -52.9% which would mean heavy losses compared to the current price of 2.12 € for BlackBerry Ltd..
