Rotten Tomato Stocks
No Result
View All Result
  • News
    Average Long-Term U.S. Mortgage Rates Edge Down to 5.25%

    Average Long-Term U.S. Mortgage Rates Edge Down to 5.25%

    Oil slumps as fears over economic growth take center stage

    Oil slumps as fears over economic growth take center stage

    Here’s what just happened that triggers stock market drops 71% of the time, warns Credit Suisse

    Here’s what just happened that triggers stock market drops 71% of the time, warns Credit Suisse

    Asian Shares Advance Despite Losses on Wall Street

    Asian Shares Advance Despite Losses on Wall Street

  • NYSE
    Is China Yuchai International (NYSE:CYD) Using Too Much Debt?

    Is China Yuchai International (NYSE:CYD) Using Too Much Debt?

    Berkshire Hathaway Inc. Cl B stock falls Thursday, underperforms market

    Berkshire Hathaway Inc. Cl B stock falls Thursday, underperforms market

    Archer Aviation (NYSE:ACHR) Shares Down 5.7% After Analyst Downgrade

    Archer Aviation (NYSE:ACHR) Shares Down 5.7% After Analyst Downgrade

    Target’s stock sinks toward worst day since Black Monday

    Target’s stock sinks toward worst day since Black Monday

  • NASDAQ
    Cisco, Travelers share losses contribute to Dow’s 75-point drop

    Cisco, Travelers share losses contribute to Dow’s 75-point drop

    Ross Stores Shares Tumble 17% on Declining 1Q Sales, 2Q Sales Forecast

    Ross Stores Shares Tumble 17% on Declining 1Q Sales, 2Q Sales Forecast

    Enanta Pharmaceuticals (NASDAQ:ENTA) Shares Gap Down After Analyst Downgrade

    Enanta Pharmaceuticals (NASDAQ:ENTA) Shares Gap Down After Analyst Downgrade

    Federal Agency Sends Team to Probe Tesla Crash That Killed 3

    Federal Agency Sends Team to Probe Tesla Crash That Killed 3

  • OTC
    China Eastern Airlines 3Q Loss Widens on Low Travel Demand

    China Eastern Airlines 3Q Loss Widens on Low Travel Demand

    Corus Entertainment 4Q Profit Falls

    Corus Entertainment 4Q Profit Falls

    Nintendo Co. Ltd. ADR falls Monday, still outperforms market

    Nintendo Co. Ltd. ADR falls Monday, still outperforms market

    Ocado Group PLC Revenue of Ocado Retail in Q3 Fell 10.6%

    Ocado Group PLC Revenue of Ocado Retail in Q3 Fell 10.6%

  • TSX
    US Seeks to Fine Air Canada $25.5 Million Over Slow Refunds

    US Seeks to Fine Air Canada $25.5 Million Over Slow Refunds

    S&P/TSX composite falls on drop in materials sector, loonie tops 81 cents US

    S&P/TSX composite falls on drop in materials sector, loonie tops 81 cents US

    Bitcoin Is Falling: Should You Buy the Dip?

    Bitcoin Is Falling: Should You Buy the Dip?

    CN Rail Stock Is So Undervalued That it’s Absurd

    CN Rail Stock Is So Undervalued That it’s Absurd

  • News
    Average Long-Term U.S. Mortgage Rates Edge Down to 5.25%

    Average Long-Term U.S. Mortgage Rates Edge Down to 5.25%

    Oil slumps as fears over economic growth take center stage

    Oil slumps as fears over economic growth take center stage

    Here’s what just happened that triggers stock market drops 71% of the time, warns Credit Suisse

    Here’s what just happened that triggers stock market drops 71% of the time, warns Credit Suisse

    Asian Shares Advance Despite Losses on Wall Street

    Asian Shares Advance Despite Losses on Wall Street

  • NYSE
    Is China Yuchai International (NYSE:CYD) Using Too Much Debt?

    Is China Yuchai International (NYSE:CYD) Using Too Much Debt?

    Berkshire Hathaway Inc. Cl B stock falls Thursday, underperforms market

    Berkshire Hathaway Inc. Cl B stock falls Thursday, underperforms market

    Archer Aviation (NYSE:ACHR) Shares Down 5.7% After Analyst Downgrade

    Archer Aviation (NYSE:ACHR) Shares Down 5.7% After Analyst Downgrade

    Target’s stock sinks toward worst day since Black Monday

    Target’s stock sinks toward worst day since Black Monday

  • NASDAQ
    Cisco, Travelers share losses contribute to Dow’s 75-point drop

    Cisco, Travelers share losses contribute to Dow’s 75-point drop

    Ross Stores Shares Tumble 17% on Declining 1Q Sales, 2Q Sales Forecast

    Ross Stores Shares Tumble 17% on Declining 1Q Sales, 2Q Sales Forecast

    Enanta Pharmaceuticals (NASDAQ:ENTA) Shares Gap Down After Analyst Downgrade

    Enanta Pharmaceuticals (NASDAQ:ENTA) Shares Gap Down After Analyst Downgrade

    Federal Agency Sends Team to Probe Tesla Crash That Killed 3

    Federal Agency Sends Team to Probe Tesla Crash That Killed 3

  • OTC
    China Eastern Airlines 3Q Loss Widens on Low Travel Demand

    China Eastern Airlines 3Q Loss Widens on Low Travel Demand

    Corus Entertainment 4Q Profit Falls

    Corus Entertainment 4Q Profit Falls

    Nintendo Co. Ltd. ADR falls Monday, still outperforms market

    Nintendo Co. Ltd. ADR falls Monday, still outperforms market

    Ocado Group PLC Revenue of Ocado Retail in Q3 Fell 10.6%

    Ocado Group PLC Revenue of Ocado Retail in Q3 Fell 10.6%

  • TSX
    US Seeks to Fine Air Canada $25.5 Million Over Slow Refunds

    US Seeks to Fine Air Canada $25.5 Million Over Slow Refunds

    S&P/TSX composite falls on drop in materials sector, loonie tops 81 cents US

    S&P/TSX composite falls on drop in materials sector, loonie tops 81 cents US

    Bitcoin Is Falling: Should You Buy the Dip?

    Bitcoin Is Falling: Should You Buy the Dip?

    CN Rail Stock Is So Undervalued That it’s Absurd

    CN Rail Stock Is So Undervalued That it’s Absurd

No Result
View All Result
Rotten Tomato Stocks
No Result
View All Result

BlackBerry (TSX:BB) Stock: Revenue Falls Short During Patent Sales

Editorial Staff by Editorial Staff
April 6, 2021
0
BlackBerry (TSX:BB) Stock: Revenue Falls Short During Patent Sales

Have you been keeping an eye on the shares of BlackBerry (TSX:BB)(NYSE:BB)?

The former smartphone manufacturing giant is under considerable pressure once again after releasing its latest earnings report. At writing, BlackBerry is trading for $10.77 per share, and it is down 65.80% from its valuation on January 27, 2021, peak. If you were one of the investors who bet big on BlackBerry during the bull run caused by r/WallStreetBets, you might have taken a major hit.

The latest quarterly decline is another one of many oddities we have witnessed during the pandemic. Even some of the most patient long-term investors who own BlackBerry stock might be considering selling off their shares in the company.

As BlackBerry continues to drag its feet again, is it time to move on from the stock, or is it worth buying for the long run? Let’s discuss.

BlackBerry on the decline — once again

Many investors managed to profit off of the stock at the start of the year. However, if you missed the chance to take the profits and run with your capital elsewhere, it might not be a good idea to sell your shares in the company, unless you can bear the considerable losses.

Unlike most other companies in the WallStreetBet hit list, BlackBerry has promising fundamentals that offer some backing to its higher valuation. The former smartphone manufacturer shifted its focus to enterprise software. It will be a mistake to give up on the stock right now if you are a long-term investor.

If you hold the stock with a short-term horizon, BlackBerry might not be worth your while. BlackBerry shares are well below the 2021 peak, but it is still trading for much higher than last year. There is a risk of greater downside for the stock over the near term. If volatility does not scare you and you can practice patience, BlackBerry could be a great bargain once it begins recovering in the coming years.

BlackBerry posts loss in revenues this quarter

BlackBerry’s latest quarterly results fell short of expectations. Its expected revenues for the quarter called for $247 million, and the company pulled in $215 million. The top-line miss for the stock was partially due to the loss of licensing revenues amid patent sales. The software and services segment also fell just below expectations, citing modest weakness across the board for the company.

BlackBerry also stated that it is entering negotiations to sell some of its patents, particularly the ones related to mobile devices, messaging, and wireless technology. The company’s patent portfolio could be worth $1 billion. RBC Capital Markets stated in a recent note that the current valuation for the stock could reflect the estimated value of its patents already.

Between RBC Capital Markets and other analysts, BlackBerry stock has either a sell or a hold rating across the board.

Foolish takeaway

Is BlackBerry stock worth buying at its current price? I would prefer to wait for the price to pullback to half of its current value. It is possible for the stock to decline further, considering the near-term volatility anticipated in the stock market right now.

Not many investors are betting big on the name right now. BlackBerry still has to show more meaningful evidence of organic growth. If you are keen on BlackBerry and do not mind the short-term volatility, the tech stock could be a worthwhile addition to your investment portfolio right now.

The post BlackBerry (TSX:BB) Stock: Revenue Falls Short During Patent Sales appeared first on The Motley Fool Canada.

Related Posts

Average Long-Term U.S. Mortgage Rates Edge Down to 5.25%
News

Average Long-Term U.S. Mortgage Rates Edge Down to 5.25%

May 20, 2022
Cisco, Travelers share losses contribute to Dow’s 75-point drop
NASDAQ

Cisco, Travelers share losses contribute to Dow’s 75-point drop

May 20, 2022
Ross Stores Shares Tumble 17% on Declining 1Q Sales, 2Q Sales Forecast
NASDAQ

Ross Stores Shares Tumble 17% on Declining 1Q Sales, 2Q Sales Forecast

May 20, 2022
Enanta Pharmaceuticals (NASDAQ:ENTA) Shares Gap Down After Analyst Downgrade
NASDAQ

Enanta Pharmaceuticals (NASDAQ:ENTA) Shares Gap Down After Analyst Downgrade

May 20, 2022
Load More
Next Post
Air Canada (TSX:AC) Stock: Could it Still Plummet to $0?

Air Canada (TSX:AC) Stock: Could it Still Plummet to $0?

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

POPULAR NEWS

CNH Industrial (NYSE:CNHI) Use Of Debt Could Be Considered Risky

CNH Industrial (NYSE:CNHI) Use Of Debt Could Be Considered Risky

April 14, 2021
10 Warning Signs That Should Tell You “This Stock is in Trouble”

10 Warning Signs That Should Tell You “This Stock is in Trouble”

November 11, 2019
Ocado Group PLC Revenue of Ocado Retail in Q3 Fell 10.6%

Ocado Group PLC Revenue of Ocado Retail in Q3 Fell 10.6%

September 14, 2021
CN Rail Stock Is So Undervalued That it’s Absurd

CN Rail Stock Is So Undervalued That it’s Absurd

May 2, 2021
Nektar, worst performing stock in S&P 500, gets booted from the index

Nektar, worst performing stock in S&P 500, gets booted from the index

November 12, 2019

EDITOR'S PICK

Tilray Brands Inc. Cl 2 stock falls Friday, underperforms market

Tilray Brands Inc. Cl 2 stock falls Friday, underperforms market

March 7, 2022
Why BioNTech and Moderna Stocks Are Slipping Today

Why BioNTech and Moderna Stocks Are Slipping Today

July 8, 2021
Market Breadth Says Ignore The Bad News As Banks Turn Bearish

Market Breadth Says Ignore The Bad News As Banks Turn Bearish

May 2, 2021
Asia Shares Mostly Fall on China Energy, Evergrande Worries

Asia Shares Mostly Fall on China Energy, Evergrande Worries

September 28, 2021

Stay Updated

Get breaking news delivered straight into your inbox

Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. Rotten Tomato stocks is a wholly-owned subsidiary of Grainne Capital Limited.
While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.

Rotten Tomato Stocks cover the companies and markets that are declining, failing or headed for disaster. We help investors spot the down tends and recognize when something smells rotten.

RECENT POSTS

Average Long-Term U.S. Mortgage Rates Edge Down to 5.25%

Is China Yuchai International (NYSE:CYD) Using Too Much Debt?

Berkshire Hathaway Inc. Cl B stock falls Thursday, underperforms market

POPULAR POSTS

Archer Aviation (NYSE:ACHR) Shares Down 5.7% After Analyst Downgrade

Cisco, Travelers share losses contribute to Dow’s 75-point drop

Ross Stores Shares Tumble 17% on Declining 1Q Sales, 2Q Sales Forecast

© Copyright 2021 RottenTomatoStocks. All Rights Reserved 

Disclaimer | Privacy Policy

No Result
View All Result
  • HOME
  • NEWS
  • NYSE
  • NASDAQ
  • OTC
  • TSX

© 2021 RottenTomatoStocks.com

error: Content is protected !!
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.