- Blackberry reported its 2nd quarter revenue of $145 million, which is a 9.8% increase year-over-year.
- The revenue surpassed the analysts’ estimate of $141.5 million.
- The adjusted gross margin for the quarter is 65.5%, up slightly from 65.2% the previous year.
- Blackberry holds $171 million in cash and cash equivalents, a significant 59% decrease year-over-year.
- The cash reserve also exceeded the estimate, which was $120.7 million.
- Current analyst ratings include 2 buys, 7 holds, and 1 sell for Blackberry’s stock.
A look at BlackBerry Ltd Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 1 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 2.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
BlackBerry Ltd, a company specializing in wireless solutions for mobile communications, shows a promising long-term outlook based on its Smartkarma Smart Scores. With above-average ratings in Growth and Momentum, scoring 4 and 3 respectively, BlackBerry is positioned for future expansion and market activity. This indicates a positive trend in the company’s potential for development and its ability to maintain traction in the industry.
While the Dividend score is lower at 1, BlackBerry demonstrates strength in Value and Resilience, both scoring a respectable 3. This suggests that the company’s financials and ability to withstand market challenges are relatively stable. Overall, with a varied range of scores, BlackBerry Ltd showcases a solid foundation for growth and sustainability in the competitive mobile communications market.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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