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BlackBerry
shares fell 4.5% on Wednesday on the New York Stock Exchange and stood at U.S. $ 14 paper, after an analyst at Bernstein Research cut its recommendation on the shares of the company to “market underperform” before a quarterly earnings report scheduled for next week.
Although Pierre Ferragu, Bernstein, said it expected disappointing results smartphone manufacturer, other analysts are most optimistic, pointing to even greater volatility in the generally unstable actions.
In recent days, there have been ups and downs in the recommendations on the actions of BlackBerry, in time when the company seeks to recover the market share it has lost to rivals like Apple Inc and Samsung Electronics, with new smartphones that operate with your operating system BlackBerry 10.
“Enthusiasm observed in the initial BlackBerry 10 devices seems to be fading now, “said Ferragu in a note to clients. The analyst also lowered his price target for the shares of the company’s U.S. $ 15 to U.S. $ 10.
BlackBerry shares, which will report its results for the first fiscal quarter 28 June, fell 4.5% to U.S. $ 14 on the Nasdaq.
titles came to fall to U.S. $ 6.22 in September last year, but have more than doubled its value since then.
The new devices launched in recent months have received mostly favorable reviews. But the company has not yet released many details on the sales figures.
Societe Generale analyst Andy Perkins rose last week’s recommendation BlackBerry shares to “sell” to “buy “, arguing that a review showed some figures unexpectedly strong sales of company phones.RBC Capital Markets on Monday raised its estimate for sales of the company in the first quarter to 3.5 million units of the BlackBerry 10, from 2.75 million. The firm expects shipments of 4 million devices operating with BlackBerry 10 system in the current quarter, up from a previous forecast of 3 million units.
- Wall Street
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