Nice pop on the open this morning on ER BlackBerry's stock surges after reporting surprise adjusted profit Shares of BlackBerry Ltd. BBRY, -0.86% surged 4.2% in premarket trade Friday, after the mobile communications company reported a surprise fiscal fourth-quarter adjusted profit. For the quarter to Feb. 28, the net loss narrowed to $47 million, or 10 cents a share, from $238 million, or 45 cents a share, in the same period a year ago. Excluding non-recurring items, adjusted earnings per share came to 4 cents, while the FactSet consensus was for a breakeven quarter. Revenue fell to $286 million from $464 million, while revenue on an adjusted basis was $297 million. The FactSet revenue consensus was $288 million. Revenue from software and services totaled $166 million and from mobility solutions was $82 million. For the current fiscal year, BlackBerry said it expects to profitable on an adjusted basis and generate positive free cash flow. "In the quarter, we continued to grow our mix of software and services revenue across the company," said Chief Executive John Chen. "In turn, this allowed us to expand our operating margin and report positive free cash flow." The stock has gained 0.9% year to date through Thursday, while the S&P 500 SPX, +0.29% has gained 5.8%.
So when do we see this highly secure android phone, and is Trump going to get one? If I was Blackberry, I would do anything to make sure Trump tweets from a secure blackberry !
Shares of Blackberry ($BBRY) are moving notably higher in pre-market trading after the company reported better than expected fourth quarter results.
If BBRY is able to turn into a software and service company like ORACLE, it will be a great long term bet.
BlackBerry Stock Pops Following $815 Million Arbitration Ruling https://www.thestreet.com/story/140...following-815-million-arbitration-ruling.html
Look what Jchen did at Sybase and how big of a turnaround and growth machine he turned it into..I bought into this story on his resume
I think I like it! First chart here I put a cross where I think I see a preliminary support... The point at which the big dogs would want their average position to be if they were loading up.... If this is the case, they did a good job... Other than the automatic reaction to $9.42, the rest of the range only goes $1.05 over and $0.99 under this point Next chart, this should be the selling climax, forming the bottom of an alleged accumulation range, and the top being $9.42 formed by the automatic reaction... Pretty clear picture... 3/9/17 shows a failed test on low volume...... Then we closed around $7.00 for a few days before the sign of strenth... I also find $7.00 as the last point of support on a 3x0.25 P/F chart.... Which shows enough cause for a target of $19.75 I'll have to sell something else off if I wanna get in here... And I think I know which one it will be!
Looks like it has some rough overhead resistance, but it has been building cause for some time now. It does appear to have shown an SOS. Are you going to wait for it to pull back into a low-volume LPS?
A bigger picture on weekly sticks. The SOS doesn't really stand out as much on the weekly, but it looks like you could have action. I like the way the volatility and volume have been shrinking throughout the larger trading range; a signature of accumulation.
4/7-4/11 looks like it could be that low volume LPS I think I'll buy half at open... Then see which way it goes before buying the other half
There hasn't been much work done between 8.50 and 9.50. You have to go back to the 3-week period between the middle of December 2015 to the 1st week in 2016 since price was within that range. Back on Dec 18th 2015 there was a climatic buying bar that closed at 8.61 on 45 million shares; there's your magnet. On Thursday it gapped up big to a HOD of $9.19. On Friday it backed down on 15 million shares to a low of 8.60, closing at 8.64. It appears they supported that 8.61 close of 12/18/2015. That 8.61 is your important edge I believe. It will either continue to be support or become resistance.
Good eye! I've seen other chars where a price magnet like this flip flops from support to resistance over and over..... But not sure what to make of that?? On a monthly chart, that seems to be the case here
I had it at $8.90, but had to sell it in the process of switching accounts I got everything switched over the day it took off.. I'm back in at $10.30 now A day late and a $1.40 short... Story of my life
