BlackBerry Limited (BB) Earnings Preview - RBC Capital

RBC Capital analyst Paul Treiber reiterated a Sector Perform rating and $6.50 price target on BlackBerry Limited (NYSE: BB) ahead of Q1 earnings.

The analyst stated "We expect Q1 results to be in line with consensus, with revenue down 6% Y/Y. IoT is likely to continue to benefit from recent design wins, while Cyber Security revenue may remain soft, pending contribution from new deals. The strategy to address BlackBerry’s delayed $600MM patent sale is a key investor focus for the quarter."

For an analyst ratings summary and ratings history on BlackBerry Limited click here. For more ratings news on BlackBerry Limited click here.

Shares of BlackBerry Limited closed at $5.19 yesterday.

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