Markets

BlackBerry (BBRY) in Focus: Stock Moves 10.4% Higher

BlackBerry LimitedBBRY was a big mover last session, as the company saw its shares rise more than 10% on the day. Shares moved up after the company reported better-than-expected financial results for third quarter fiscal 2016.This led to solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $7.37 to $8.18 over the past one-month time frame.

None of the estimates for this wireless non-US stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. Friday's price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

BlackBerry carries a Zacks Rank #3 (Hold).

A better-ranked stock in the same space is Fairpoint Communications, Inc. FRP , sporting a Zacks Rank #1 (Strong Buy).

Is BBRY going up? Or down? Predict to see what others think: Up or Down

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FAIRPOINT COMM (FRP): Free Stock Analysis Report

BLACKBERRY LTD (BBRY): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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