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Trading Vision: Active Stock Focus on Shares of BlackBerry Limited (NASDAQ:BBRY)

Trading Vision: Active Stock Focus on Shares of BlackBerry Limited (NASDAQ:BBRY)

Canada's BlackBerry Ltd, reported better-than-expected quarterly earnings on Friday, as operating costs almost halved, and said it expects to be profitable on an adjusted basis in 2018.

Following the results announcement, analyst Zino lifted his operating EPS estimate from eight cents a share to 12 cents for the fiscal year ending February 2018. Revenues fell to Dollars 286 million from 464 million the year before while the adjusted EBITDA reached USD 42 million, positive for the thirteenth consecutive quarter. BBRY said it expects to grow "at or above the overall market" in its software business, to return to profitability on an adjusted basis, and to generate positive free cash flow for the full year. Share performance for the month is now at 0.87%. During the same quarter in the prior year, the company earned ($0.03) earnings per share.

State Street Corp increased its stake in BlackBerry Ltd (NASDAQ:BBRY) (TSE:BB) by 4.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission.

If some significant royalties come through from BlackBerry's mobile phone-licensing deals this year, and the autonomous driving experiment pays off by 2019 or so, then investors who manage to hold on to BlackBerry shares may be greatly rewarded.

The company's US shares closed up 11.5 percent at $7.75 on Friday, and its Toronto-listed shares closed up 11 percent at C$10.30.

More news: Watch the chilling new trailer for Game of Thrones season 7

"What this might mean, and I make no promise, is that you may soon see a BlackBerry tablet", said CEO John Chen in a conference call with analysts after the company released its fourth-quarter and year-end numbers.

The smartphone maker-turned-software company said operating expenses fell 49.2 percent to $229 million in the quarter.

BlackBerry shed the burden of its ever-shrinking phone business by officially outsourcing all device design, production and sales to other companies previous year - allowing it to cut back further on costs. The FactSet revenue consensus was $288 million.

Price Target is basically a projection of future price of a company's stock by the expert analysis of investment analysts or investment firms. BlackBerry had over 3,500 enterprise customer orders in the quarter.

Blackberry's Toronto-listed shares were trading down 0.4 percent at C$9.40, while the benchmark Canadian share index.GSPTSE was up 0.3 percent.

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