BB

BlackBerry Ltd

TMT


Presented:09/27/2017
Price:$9.23
Cap:$5.02B
Current Price:$2.49
Cap:$1.47B

Presented

Date09/27/2017
Price$9.23
Market Cap$5.02B
Ent Value$4.35B
P/E Ratio38.46x
Book Value$5.15
Div Yield0%
Shares O/S544.08M
Ave Daily Vol4,280,238
Short Int4.92%

Current

Price$2.49
Market Cap$1.47B
BlackBerry Ltd. engages in developing hardware and software solutions for mobile communications. It provides platforms and solutions, which supports multiple wireless network standards through the development of integrated hardware and software services. The company was founded by Michael Lazaridis, James Laurence Balsillie and Douglas E. Fregin on March 7, 1984 and is headquartered in Waterloo, Canada.

Please note, on 10/16/17 BlackBerry Ltd (BBRY) changed its ticker symbol to BlackBerry Ltd (BB). The content of this idea will make reference to the original ticker symbol.

Publicly traded companies mentioned herein: BlackBerry Ltd (BBRY), Delphi Automotive plc (DLPH), International Business Machines Corp (IBM), Microsoft Corp (MSFT), Mobileiron Inc (MOBL), VMware Inc (VMW)

Highlights

The presenter is short shares of BlackBerry (BBRY), seeing meaningful downside in BBRY’s enterprise services segment and limited upside in growth segments like QNX and Radar. By the presenter’s model, BBRY shares should trade down to $7 over the next 12 – 18 months as top-line revenue fails to meet growth expectations. NOTE: BBRY reported Q2 2018 earnings on September 28, 2017, and the earnings release can be viewed here.

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Idea Discussion

Commentor 1 - 2 weeks ago

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