BlackBerry Limited (NASDAQ:BBRY) (TSX:BB) today shared new details on its broad licensing strategy which addresses the growing need for secure, connected devices and endpoints in today's Enterprise of Things. Institutional investors and hedge funds own 62.41% of the company's stock. It is calculated by dividing the current closing price of the stock by the latest quarter's book value per share. Royal Bank of Canada reiterated a "hold" rating and issued a $7.50 target price on shares of BlackBerry in a report on Friday, March 24th. The last session's volume of 15.66 million shares was higher than its average volume of 5.55 million shares. The stock was sold at an average price of C$7.58, for a total transaction of C$1,069,651.70.
Looking about the past performance history, the company jumped 10.01% in past week and climbed 13.37% in one month. By reviewing stock prices from the stock market history of the company and examining its analysts ratings can give an investment picture with updated information of stock which helps investors to make investing decision. The price target estimates represents a standard deviation of 1.60. Its 52-week High Value is $8.46 while its 52-week Low value is $6.23. BlackBerry Limited (NASDAQ:BBRY) has the market capitalization of 4.19 Billion. The smartphone producer reported $0.04 earnings per share (EPS) for the quarter. However, the firm's quarterly revenues trended lower by 38% year-over-year to $286 million, as its hardware and service access fee revenues declined. During the same period in the prior year, the firm posted ($0.03) earnings per share.
BlackBerry Ltd (NASDAQ:BBRY) traded at a yearly high level of $8.46 during the last trading session. On average, equities analysts predict that BlackBerry will post $0.02 EPS for the current fiscal year. 2,492,335 shares of the company were exchanged. Capstone Asset Management Co. raised its stake in BlackBerry by 12.0% in the third quarter. Finally, Wynnefield Capital Inc. purchased a new stake in BlackBerry during the fourth quarter worth approximately $5,409,000.
Hedge funds have recently added to or reduced their stakes in the company. The recently announced licensing deal with India's Optiemus Infracom expands BlackBerry's global licensing reach, and follows other major licensing deals with BB Merah Putih and TCL Communication.
The company's CEO had explained that they will only be involved with the software aspect of the new BlackBerry tablet this time around. It is engaged in providing enterprise mobility management (EMM) and mobile security, and offers a portfolio of enterprise software solutions and services that can be deployed across a range of ecosystems and devices, including BlackBerry Enterprise Service (BES) 12 and Good Platforms, BES12 Cloud, enterprise file-sync-and-share (EFSS), SecuSUITE for Enterprise, Enhanced subscriber identity module (SIM)-Based Licensing (ESBL), WorkLife by BlackBerry solution and Professional Cybersecurity Services.