BB: BlackBerry (fka RIMM: Research in Motion) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : BB: BlackBerry (fka RIMM: Research in Motion)

BB 3.945

+4.8%

3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: kidl	2/13/2019 9:34:15 AM
	Read Replies (1) of 1832

Globe says CIBC's Poirier positive on BlackBerry BlackBerry Ltd (C:BB) Shares Issued 547,353,437 Last Close 2/12/2019 $11.14 Wednesday February 13 2019 - In the News The Globe and Mail reports in its Wednesday, Feb. 13, edition that recent meetings with BlackBerry executives have kept CIBC positive on the company and its prospects. The Globe's Gillian Livingston writes in the Eye On Equities column that analyst Todd Coupland says in a note: CIBC hosted BlackBerry's VP Finance Christopher Lee on a non-deal roadshow through Canada last week. We left the meetings encouraged by Blackberry's confidence in its ability to return to growth in F2020. We expect growth of 27 per cent in F2020, driven by Cylance and growth in QNX through new design wins. The Street (FactSet) expects about 24 per cent growth in F2020. ... Post our NDR, we continue to believe that BlackBerry's shares should be bought, as, in our view, they represent excellent risk/reward. Our price target is $14 (U.S.) and we rate the shares 'outperformer.' The next potential catalyst will be BlackBerry's Investor Day on April 23, when the company will provide its outlook for F2020. ... During our meetings, much investor focus was on Cylance, the end-point cybersecurity market, and how Cylance will be leveraged into BlackBerry's Spark platform." Analysts on average target the shares at $9 (U.S.). © 2019 Canjex Publishing Ltd.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next