BlackBerry Ltd (NASDAQ: BBRY)
BlackBerry stocks are falling hard today as investors start to raise questions about the company’s earnings report release on Friday. While the company was able to produce gains, and analysts expected losses, the total revenue generated was more than $100 million less than expected. Today, the tone has changed quite a bit from EPS conversations to revenue stabilization.
BBRY In The Market Today
As mentioned above, BlackBerry is having a hard time in the market today. Currently (11:53), the stock is trading at $8.82 per share after a fall of 6.77% so far.
What We Can Expect Moving Forward
While I understand why investors are starting to raise questions about revenue growth and the ability to stabilize, I’m still a bull on BBRY. That’s because the company is growing its software business, and while revenue was a big miss, they were able to generate profits. There’s no doubt that BlackBerry has quite a bit of work ahead of them; but I firmly believe that they are moving in the right direction.
What Do You Think?
Where do you think BBRY is headed and why? Let us know in the comments below!