BlackBerry CEO John Chen demo company’s new Android Priv smartphone

Revenue from Latin America plunged 70 percent to $33 million from a year earlier, contributing to an earnings loss of 13 cents a share. Moreover, analysts see continued weakness and expect the company to report $434 million by FY17, down from previous estimates of $793 million. The stock has a 52-week trading range of $6.41 to $12.63. The stock has a 50-day moving average price of $7.36 and a 200 day moving average price of $8.73. Of those twenty-seven, three have a Buy rating, sixteen have a Hold rating and eight have a Sell rating. The company’s stock had a trading volume of 3,696,494 shares.

BlackBerry Limited (NASDAQ:BBRY) [Detail Analytic Report] on Monday after opening bell dropped more than -3% as the firm disclosed that its turnaround strategy was on track, but sagging revenue and the firm’s decision to release an Android-powered phone to increase device sales told a different story. The company has a market cap of $3.40B and a P/E ratio of 0. Robert W. Baird set a $9.00 price target on shares of BlackBerry and gave the company a hold rating in a research report on Tuesday, June 23rd. The business had revenue of $491 million for the quarter. The stock now has an average rating of Hold and a consensus target price of $9.65. This translates to a 46.38% upside from the last closing price. Equities research analysts anticipate that BlackBerry will post $78.20 EPS for the current fiscal year.

BlackBerry Ltd is a designer, manufacturer and marketer of wireless solutions for the mobile communications market.

BlackBerry’s first Android-based smartphone will be arriving before the year is out and will be called BlackBerry Priv, according to the company.

Chen says the device will combine all of BlackBerry security solution with the Android’s expansive ecosystem.

As a result, Credit Suisse sees the company faced with a hard transition on multiple fronts and doubts its ability to integrate the acquisitions and ramp up the software business. The Organization ‘s BTS business contains five components: QNX Software Systems Limited (QNX), Certicom, Paratek, the BlackBerry Internet of Things (IoT) Platform, and Intellectual Property and Patent Licensing (IPPL). The Company’s Messaging business is engaged in providing BlackBerry Messenger (BBM), the Company’s instant mobile to mobile private messaging service. The Company provides a portfolio of smartphone products to both business and consumer marketplaces.