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Tag: BB News

  • BlackBerry Ltd. (BB) on a roll; the potential of BB Stock in 2021

    BlackBerry Ltd. (BB) on a roll; the potential of BB Stock in 2021

    BlackBerry stock has nearly tripled since the first week of January and continues to push further.

    BlackBerry Ltd. (BB) has lagged over the last decade but it is time for the tech firm to rise from ashes once again. BB stock has almost more than tripled since the first week of 2021. As we write this in the pre-trading session, BB had soared over 41% to $19.78—trading at its 52-week high.

    Investors have been taking interest in BlackBerry Ltd. Recently—with an average trading volume of just above 28.5 million. The stock looks highly bullish and has moved into the buying zone. Since Jan. 13, BB has skyrocketed up to 88%, which is one of its biggest rallies since Feb. 2000.

    What’s pushing BlackBerry?

    BlackBerry is moving towards a new phase where things are going to get bigger and better for the Canadian software firm. The major push that derived the BB stock in the past week was BB’s conflict settlement with Facebook. However, the terms of the settlement weren’t disclosed.

    Back in 2018, BlackBerry filed a lawsuit against the social media titan, accusing Facebook of breaching Blackberry’s innovative messaging technology. After a two years court battle between the two companies, both have settled down their matter.

    Another massive update for the company comes with its collaboration with the e-commerce giant, Amazon. BlackBerry has been lagging a catalyst and it will finally get it in the form of AWS collaboration.

    In any sector which Amazon targets, the company makes sure that no stone is left unturned. That’s a big positive for BlackBerry—moving forward. Both the firms will work on the development of software for connected vehicles.

    In December 2020, BlackBerry reportedly signed a multi-year deal with Amazon to create software for automakers to read vehicle sensor data, improving the performance of cloud-connected vehicles. 

    BB’s is already working on software to enhance big data and analytics. Whereas, Amazon is already positioned as one of the leading software developers in the world. The Berry-Amazon deal could take this market by storm.

    Potentially, this deal could help BlackBerry to drive its financial position. The earnings of the company could sequentially improve over time with the effects of the Amazon deal showing results in the long-term.  

    Zacks has raised their earnings Consensus Estimate for BB to over 400% in the last three months. This means that analyst sentiment is stronger as the stock’s earnings outlook continues to improve.

    Conclusion

    The dark clouds that had covered BlackBerry Ltd. (BB) over a long period seem to clear out with the Amazon deal. BB has returned almost 12.22% since the beginning of the calendar year, while the rest of the Computer and Technology sector has returned an average of 1.29% on a year-to-date basis, as per Zacks. The sentiment around BB stock is high and it a strong buy at the moment.

  • 15 Software – Infrastructure Stocks to Watch

    15 Software – Infrastructure Stocks to Watch

    “IT Infrastructure Software Market” Research Report 2020-2025, published on Oct 15, 2020, is a detailed analysis of the current state of the market for the IT Infrastructure Software industry based on historical trends and forecasts. This report tackles the IT Infrastructure Software market segment from a basic overview to a detailed description of the IT Infrastructure Software market. Furthermore, it offers a detailed look at the key vendors, top regions, product types, and end industries of the IT Infrastructure Software marketplace. It provides historical data on the IT Infrastructure Software market trends, growth, revenue, capacity, cost structure, and key driver’s analysis.

    Besides, market dynamics (such as driver factors, restraining factors) and industry news (like mergers, acquisitions, and investments) are also considered in the report. The increase in technological innovations and advancements will enhance the product’s performance, making it more widely used in downstream applications. Furthermore, Porter’s Five Forces Analysis (potential entrants, suppliers, substitutes, buyers, and industry competitors) provides essential information for understanding the IT Infrastructure Software market.

    Palantir Technologies Inc. (NYSE:PLTR) shares were trading down -1.93% at $25.92 at the time of writing on Wednesday. The company recently declared that it was awarded a $44.4m, three-year contract with the U.S. Food and Drug Administration (FDA).

    Palantir Technologies Inc. (NYSE:PLTR) share price went from a low point around $8.90 to briefly over $33.50 in past 52 weeks, though shares have since pulled back to $25.92. PLTR market cap has remained high, hitting $44.89B at the time of writing, giving it price-to-sales ratio of more than 40.

    If we look at the recent analyst rating PLTR, Morgan Stanley downgraded coverage on PLTR shares with an Underweight rating and a $14.33 price target, which implies room for -11.59% downside momentum this year.

    Microsoft Corporation (MSFT) last closed at $219.28, in a 52-week range of $132.52 to $232.86. Microsoft Corp. and Warner Bros. reported an epic partnership to celebrate the release of the new movie “Space Jam: A New Legacy,” coming in 2021. Analysts have a consensus price target of $239.71.

    Oracle Corporation (ORCL) stock soar by 1.49% to $62.78. The firm recently revealed fiscal 2021 Q2 results. Total quarterly revenues were up 2% year-over-year to $9.8 billion. C The most recent rating by BofA Securities, on December 16, 2020, is at a Neutral.

    Square Inc. (NYSE:SQ) Shares headed rising, higher as much as 3.22%. Lately, the company declared that its commerce platform now powers payments, e-commerce, and point of sale at nearly a dozen renowned ski resorts across the U.S. and Canada in partnership with POWDR. The most recent rating by Seaport Global Securities, on December 07, 2020, is at a Buy.

    Dropbox Inc. (NASDAQ:DBX) rose 1.73% after gaining more than $0.4 on Wednesday after reporting that it has been positioned by Aragon Research, Inc. in the Leader section of the Globe for Digital Work Hubs, 2021 for the second year in a row.

    BlackBerry Limited (BB) last closed at $8.24, in a 52-week range of $2.70 to $9.69. Today, the company will report results for the third quarter of fiscal year 2021 at 5:30 p.m. ET. Analysts have a consensus price target of $6.07.

    NortonLifeLock Inc. (NLOK) stock soar by 2.10% to $20.38. The company on December 7, 2020 revealed that it has agreed to acquire Avira in an all-cash transaction for approximately $360 million from Investcorp Technology Partners. The most recent rating by Argus, on August 21, 2020, is at a Buy.

    FireEye Inc. (NASDAQ:FEYE) Shares headed rising, higher as much as 2.77%. The company on December 11, 2020 reported that the $400 million strategic investment led by funds managed by Blackstone Tactical Opportunities has closed. The most recent rating by Barclays, on November 20, 2020, is at an Underweight.

    CrowdStrike Holdings Inc. (NASDAQ:CRWD) rose 2.78% after gaining more than $4.86 on Wednesday. On December 8, 2020, the firm released the annual CrowdStrike Services Cyber Front Lines Report, which brings together the insights and observations of CrowdStrike’s global incident response (IR) and proactive services teams in 2020.

    Cloudflare Inc. (NET) last closed at $81.81, in a 52-week range of $15.05 to $86.21. On December 7, 2020 released Data Localization Suite to give businesses across the globe tools to address their data locality, privacy, and compliance needs. Analysts have a consensus price target of $69.06.

    Box Inc. (BOX) stock soar by 3.17% to $18.85 after the defense contract management agency selected Box for cloud content management. The most recent rating by Craig Hallum, on May 28, 2020, is at a Buy.

    SolarWinds Corporation (NYSE:SWI) Shares headed falling, lower as much as -0.17%. The most recent rating by Berenberg, on October 07, 2020, is at a Buy.

    Adobe Inc. (NASDAQ:ADBE) rose 1.50% after gaining more than $7.26 on Wednesday. The company on December 10, 2020 declared financial results for its fourth quarter and fiscal year ended Nov. 27, 2020.

    Nutanix Inc. (NTNX) last closed at $30.98, in a 52-week range of $11.31 to $37.86. On December 10, 2020, the firm revealed that it has been named a Leader by Gartner, Inc. in the December 2020 Magic Quadrant for Hyperconverged Infrastructure Software. Analysts have a consensus price target of $33.64.

    Okta Inc. (OKTA) stock soar by 1.87% to $259.93. The most recent rating by JP Morgan, on December 09, 2020, is at a Neutral.