Analysts Say Stay Away from RIM (RIMM) Into Q4 Report
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Price: $14.64 +12.36%
Rating Summary:
0 Buy, 0 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
Rating Summary:
0 Buy, 0 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
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Shares of Research In Motion (Nasdaq: RIMM) are continuing a near-term downtrend Friday morning (the stock is down about 6 percent since recent highs set earlier this week) as some analysts are showing concern about owning the stock into next week's earnings report.
The company's fourth-quarter report will be out on Thursday, March 29th after the market closes. The Street is expecting EPS of 82 cents on sales of $4.55 billion.
Citi's Jim Suva said RIM is in danger of missing the entire 2012 back-to-school season amid delays to products which offer the QNX OS. The analyst sees the company's guidance disappointing.
Suva maintains a Sell rating and $12 price target on RIM shares.
Barclays' Jeffrey Kvaal is modeling for a "soft" quarterly report given "poor" demand for BlackBerry 7 devices. Kvaal does not see a catalyst for RIM shares until the release of BlackBerry 10 sometime in the fall. He is modeling for 10 percent declines in unit volumes during both the first and second quarter, although he warns these numbers "could be worse."
The Barclays' analyst rates Research In Motion shares an Equalweight with a $12 price target.
Visit our Analyst Ratings page to track all the analyst calls on shares of RIM.
The company's fourth-quarter report will be out on Thursday, March 29th after the market closes. The Street is expecting EPS of 82 cents on sales of $4.55 billion.
Citi's Jim Suva said RIM is in danger of missing the entire 2012 back-to-school season amid delays to products which offer the QNX OS. The analyst sees the company's guidance disappointing.
Suva maintains a Sell rating and $12 price target on RIM shares.
Barclays' Jeffrey Kvaal is modeling for a "soft" quarterly report given "poor" demand for BlackBerry 7 devices. Kvaal does not see a catalyst for RIM shares until the release of BlackBerry 10 sometime in the fall. He is modeling for 10 percent declines in unit volumes during both the first and second quarter, although he warns these numbers "could be worse."
The Barclays' analyst rates Research In Motion shares an Equalweight with a $12 price target.
Visit our Analyst Ratings page to track all the analyst calls on shares of RIM.
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