TopMarketGainers

Blackberry needs a blowout earnings to pass resistance

NYSE:BB   BLACKBERRY LTD
BlackBerry Limited BB, -0.12% (BB) today announced that its QNX software is now embedded in more than 150 million cars on the road today. This is an increase of 30 million cars since the company reported its automotive footprint in 2018.
"As this milestone proves, BlackBerry's footprint in the automotive industry has never been stronger," said John Chen, Executive Chairman and CEO , BlackBerry. "The world's leading automakers, tier ones, and chip manufacturers continue to seek out BlackBerry's safety-certified and highly-secure software for their next-generation vehicles. Together with our customers we will help to ensure that the future of mobility is safe, secure and built on trust."
THIS NEWS WAS NOT ENOUGH TO TURN THE FORTUNES OF THE STOCK AROUND, WHICH IS DOWNTRENDING AFTER A FAILED RALLY, THE $9 LEVEL HAS PROVED TO EXTREMELY DIFFICULT TO CROSS, SO IT WILL TAKE A BLOWOUT EARNINGS THIS WEEK TO GET ANY SUSTAINED UPWARD MOMENTUM.
AVERAGE ANALYSTS PRICE TARGET $10.79
AVERAGE ANALYSTS RECOMMENDATION HOLD

COMPANY PROFILE
BlackBerry Ltd. engages in the provision of enterprise software and services, which focuses on securing and managing Internet of Things endpoints. It offers a platform comprised of communication and collaboration software and safety-certified embedded solutions. The company was founded by Michael Lazaridis, James Laurence Balsillie, and Douglas E. Fregin on March 7, 1984 and is headquartered in Waterloo, Canada.
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