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 3.975

+5.6%

1:26 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Sultan who wrote (1467)	12/23/2019 8:53:18 AM
From: kidl	of 1832

Globe says BlackBerry gets boost from Q3 results BlackBerry Ltd (C:BB) Shares Issued 552,131,972 Last Close 12/20/2019 $8.57 Monday December 23 2019 - In the News The Globe and Mail reports in its Saturday edition that BlackBerry's fortunes turned in its latest quarter, with accelerating revenue growth sending its shares soaring Friday as chief executive officer John Chen promised more consistent sales. The Globe's Josh O'Kane writes that the boost came three months after the enterprise and security software company reported a quarterly earnings miss and a dimmer full-year forecast that prompted a sharp sell-off. The $267-million (U.S.) in revenue it reported on Friday was up 18 per cent year-over-year for the quarter ending in November. The shares closed at $8.57 in Toronto, up 94 cents. On a conference call Friday morning, Mr. Chen told analysts that its development teams had hit milestones integrating Cylance into its core offerings. "Management and security of end points are now converging," he said, adding that there were many cross-selling opportunities between the business lines. "We believe we can be a winner in this fast-growing, $20-billion market." Canaccord Genuity Group's T. Michael Walkley told The Globe that Friday's report shows that "the worst might be behind them." He added that management needed to show better clarity with its product plans and integration. © 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