Feeds

BlackBerry will 'under-perform' beneath the sheets, says Wall St bod

Spreadsheets, obviously: Shares dip ahead of mobe maker's latest figures

Top three mobile application threats

BlackBerry shares fell more than four per cent yesterday after its stock rating was cut by one analyst to “underperform” from "market perform".

The blow comes just a week before the mobile-maker's latest earnings report is due.

Bernstein Research analyst Pierre Ferragu said he expected to be disappointed by the ailing smartphone firm’s results, despite the fact that other beancounters are anticipating a decent set of financial figures and have upgraded the stock, Reuters reported.

"The initial enthusiasm that we observed for BlackBerry 10 devices now appears to be waning," Ferragu said in a note to clients.

He cut his price target on BlackBerry shares to $10 from $15.

Stocks dropped 4.44 per cent to $14.18 in trading yesterday, despite the fact that analysts, such as Societe Generale’s Andy Perkins, have been more positive about version 10 of BlackBerry's smartphone operating system.

Perkins recommended last week that investors buy the stock, upgrading it from a “sell” rating, and said distribution channel checks showed strong sales for BlackBerry units. Royal Bank of Canada Capital Markets said it expects shipments of four million BB10 devices in the current quarter, up from a previous estimate of three million.

The QNX-powered BlackBerry OS 10, and the new Z10 and Q10 hardware running it, are the company’s last-ditch efforts to revive its flagging fortunes, after repeated outages of its online messaging service and the growing popularity of Apple and Android devices decimated its market share. ®

3 Big data security analytics techniques

More from The Register

next story
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Record labels sue Pandora over vintage song royalties
Companies want payout on recordings made before 1972
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Number crunching suggests Yahoo! US is worth less than nothing
China and Japan holdings worth more than entire company
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
prev story

Whitepapers

SANS - Survey on application security programs
In this whitepaper learn about the state of application security programs and practices of 488 surveyed respondents, and discover how mature and effective these programs are.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.