Business prospects software Canada BlackBerry’s stock rebounded sharply, easing some buying pressure. However some 1xbet analysts said on August 19, while growth stock, but the company’s restructuring efforts are still ongoing, including growth catalysts such as vehicle tracking systems can only make BlackBerry in part in the business seem to be doing well. Analysts believe that BlackBerry needs to get the balance of electrons in its traditional hardware business, or exiting the hardware industry, it is possible to have investors to reconsider the takeover or merger of the company.
Company’s second quarter earnings will be released on September 28, BlackBerry stock over the past three months has increased by 22%. Raymond James analyst Steven Li last week raise the rating to exceed expectations and raise our target price to $ 10.50 per share. From Steven Li report to the present, the company’s shares have gone up by about 5%. Steven Li said the company turned from loss-making mobile phone business booming, profitable, profitable software businesses. This is beneficial for development.
However BlackBerry Android system was launched in late July DTEK50 worth $ 299 touch-screen phones. According to rumors, the company also plans to launch another Android phone in late October or early November. CCS Insight Analyst Nick McQuire says, companies in the mobile phone sales challenge is whether it can persuade the enterprise IT department employees to buy new mid-range handsets. BlackBerry classic in the past the heyday of main users are businesses and employees in the IT sector, which some consumer groups theory for BlackBerry still have a certain degree of brand loyalty.
1xbet analysts continue to believe that the benefits from software sales proceeds, the Elimination of inventories and other balance sheet, the BlackBerry company may benefit from launch DTEK50 mobile phone operations. DTEK negative performance in the market, and BlackBerry do not disrupt the balance of the hardware market, the BlackBerry will probably withdraw from mobile hardware industry, becoming a pure software company. If the company closed operations, estimated 2017 revenues dropped to about $ 1.07 billion from $ 1.91 billion, gross profit increased from 50.5% to 79.5%. That would be the equivalent to 2017 yields to $ 0.27/share, good for overall development.
1xbet analyst says BlackBerry is still a lot to be optimistic about the focus of the company. Cycle such as company’s software revenue reached 80%, 30% software business turnover than last year. These are currently the software business is on the rise. Has a lot of potential in the future.