Blackberry is akin to brand like Mercedes. Like Nokia I see value just in its name, Blackberry. They also have brought in a Hongkong CEO whom I believe has the precision in bringing the company to health.
Moreover, BlackBerry is a designer, manufacturer, and marketer of wireless solutions for the worldwide mobile communications market. Through the development of integrated hardware, software, and services, it provides platforms and solutions for seamless access to information such as email, voice, instant messaging, SMS, Internet, intranet-based applications, and browsing. Its products and services feature the BlackBerry
wireless solution, the Research In Motion Wireless Handheld product line, the BlackBerry PlayBook tablet, software development tools, and other software and hardware.
The stock is currently pulling back and may need time to consolidate. Analyzing the price trend and its strength can be done using key simple moving averages. What are the key moving averages? The 50-day (pink), 100-day (blue), and 200-day (yellow) simple moving averages. As seen in the daily price chart below, BlackBerry is trading below its rising key averages which signal neutral to bearish price action in the near-term
Conclusion
BlackBerry provides innovative wireless communication products to consumers and companies worldwide. The company is selling off the majority of its real estate holdings in Canada to the U.S.-based Spear Street Capital for around $278 million. The stock has struggled to make positive progress and is currently pulling back. Over the last four quarters, earnings have been rising while revenues have been decreasing, which has produced conflicting feelings among investors. Relative to its peers and sector, BlackBerry has been a poor relative year-to-date performer. WAIT AND SEE what BlackBerry does this quarter.
No comments:
Post a Comment