Today BlackBerry Ltd (BBRY) Upgraded to "Outperform" at Macquarie

Even after BlackBerry Ltd's (NASDAQ:BBRY) results beat expectations on Friday morning, most investors and pundits still seem to be lost in the trees of the company's financial results and near-term outlook, while ignoring the forest of the company's tremendous, longer term opportunities.

Also according to John Chen, BlackBerry CEO, everyone may soon see a BlackBerry tablet.

Several sell side analysts reviewed their recommendations on BlackBerry Limited (BBRY) where 0 analyst have rated the stock as Strong Buy, 2 analysts said it's a Buy, 12 rated the stock as Hold, 6 analysts reported Underperform and 0 analysts gave their recommendations as Sell. Nonetheless, the analyst believes "confusion remains" with regards to the company's operational revamp throughout the last several quarters. The company reported its last quarter on Feb 17. Operating expenses almost halved to $229.0 million. However, the major cause of the decline in the expenses didn't have much to do with cost cutting. The company's quarterly revenue was down 39.0% on a year-over-year basis.

BlackBerry (NASDAQ:BBRY) traded down 2.19% during mid-day trading on Friday, hitting $7.58. The business earned $297 million during the quarter, compared to the consensus estimate of $288.45 million.

About BlackBerryBlackBerry is a mobile-native security software and services company dedicated to securing people, devices, processes and systems for today's enterprise. The company is now pursuing additional endpoints which could include tablets, wearables, medical devices, appliances, point-of-sale terminals and other smartphones. In the quarter, we continued to grow our mix of software and services revenue across the company.

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"Core software revenue growth appears slower than generally expected".

"Investor focus will shift to the growth of BlackBerry's software business", Treiber told clients.

Year to date (YTD) refers to the period beginning the first day of the current calendar or fiscal year up to the current date. This reflects free cash flow of $16 million, which includes cash flow from operations of $19 million.

In the profitability analysis, net profit margin of the firm was recorded at -93.90% and operating profit margin was calculated at -91.80% while gross profit margin was measured as 45.60%.

Total cash, cash equivalents, short-term and long-term investments increased by $89 million to approximately $1.7 billion as of February 28, 2017. "For example, companies providing medical monitoring devices must protect health data on the device, guarantee it connects securely to the healthcare system, and most importantly ensure that it can not be hacked, BlackBerry Secure helps solve this triple threat", said John Chen, Executive Chairman and CEO, BlackBerry. BlackBerry expects to become profitable on an adjusted basis in its fiscsal 2018. "In addition, our balance sheet continues to strengthen and benefit from reduced capital requirements with our focus on software and licensing".

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