BlackBerry Limited Posted gains of 0.65% in the Last Trade

BlackBerry has so far committed to licensing deals with third-party manufacturers, which does give them the opportunity to focus more on their software and unique features.

By looking at the Recommendation Trends of the stock polled by Thomson First call for the current month, 0 Analysts assigned the stock as Strong Buy. Even on GAAP basis, the company drastically narrowed down its losses.

Adjusted revenue from software and services unit, which includes mobile device management products and the QNX industrial operating system, rose 12.2 percent to $193 million in the fourth quarter ended February 28, from the preceding quarter. For instance, during Q4, R&D expenses declined by about 49% year-over-year, as the firm no longer needs to invest in hardware design and manufacturing engineering. The move is helping the firm cut operating costs.

BlackBerry Ltd (NASDAQ:BBRY) traded at a yearly high level of $8.46 during the last trading session.




Q4 non-GAAP gross margin of 65%; GAAP gross margin of 60%. The business earned $297 million during the quarter, compared to the consensus estimate of $288.45 million. The company is estimating to achieve earnings per share (EPS) growth of 31.40% in this year and the earnings per share (EPS) growth expected to be -12.50% in the next year. Analysts were modeling software revenue to come in around $180. Furthermore, according to Chen, the USA certifications will enable the company to sell security to "a lot of (other) governments". In the quarter, we continued to grow our mix of software and services revenue across the company. Going forward, BBRY should be able to more fully exploit the rapid growth of the markets it has entered and the strength of its products, enabling its software revenue to rapidly accelerate. Investor focus will shift to the growth of BlackBerry's software business; new opportunities are emerging, but they are hard to value at the moment.

While looking at the Stock's Performance, BlackBerry Limited now shows a Weekly Performance of 9.62%, where Monthly Performance is 12.48%, Quarterly performance is 11.51%, 6 Months performance is -2.39% and yearly performance percentage is 3.61%. This reflects free cash flow of $16 million, which includes cash flow from operations of $19 million. Overall, cash position increased by $89 million with total cash coming in at $1.7 billion and net cash of $1.1 billion. The company's push into new markets is good news for Blackberry stock. BlackBerry expects to become profitable on an adjusted basis in its fiscsal 2018. Moreover, the balance sheet is getting stronger on the back of reduced capital requirements with the focus on software and licensing.

A Possibility of a Short Squeeze?

BlackBerry's stock has lost 96% of its value since reaching its peak of nearly $140 a share in 2007. In the most recent reported cycle, the total number of shorted BlackBerry shares had jumped by 5.4 million, from 48.25 million to 53 million shares making up 10% of the total float with days to cover at 13 days.

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