Canadian stock report - BlackBerry

CANA

UPDATE: BlackBerry increases on average volume January 19, 2018 17:00 EST

NEWS BITES - NORTH AMERICA

BlackBerry (TSX:BB), Canada's largest Communication equipment company by market cap, has increased 12.0c (0.7%) from its last trading session of January 18 to close at CAD16.63. Compared with the S&P/TSX 60 Index which rose 3.5 points (0.4%) in the day, the relative price increase was 0.4%. The volume of 2.7 million shares was close to average trading.

BLACKBERRY ISSUED 8 NEW PATENTS IN THE WEEK OF JANUARY 17, 2018

BlackBerry (BB) has been issued 8 new patents by the USPTO and EPO.

Highlights in today's Report:

SECTION 1 BULLISH SIGNALS

Technicals, High Performance Indicators

SECTION 2 BEARISH SIGNALS

Fundamentals, Overvaluation [compared with sector average], Low Performance Indicators

SECTION 3 PRICE VOLUME DYNAMICS

Volatility, Moving Annual Return, Beta, Aggregate Volumes, Prices and Turnover Period

SECTION 4 RANKING

Global, Independent Ratings

SECTION 5 FINANCIALS

SECTION 6 PROFILE

Activities, Industry & Sector, Top Management, Issued Capital

SECTION 7 REPORTED BUYING AND SELLING

SECTION 8 PATENTS

SECTION 9 STOCK BUZZ

SECTION 1 BLACKBERRY BULLISH SIGNALS

1.1 Technicals:

+ The Moving Average Convergence Divergence (MACD) indicator of 12-day Exponential Moving Average (EMA) of 16.68 minus the 26-day EMA of 15.94 is positive 0.74 suggesting a bullish signal.

+ In the last three months the stock has hit a new 52-week high five times, pointing to an uptrend.

+ The present value of CAD1,000 (PV1000) invested one year ago in BlackBerry is CAD1,762, for a capital gain of CAD762.

PV$10001-week1-month1-year
BB.TSX9781,1901,762
S&P/TSX 60 Index1,0021,0091,063

+ The present value of CAD1,000 (PV1000) invested twenty years ago in BlackBerry is CAD15,838, for a capital gain of CAD14,838.

+ 20 years Multiplier in CAD = 15.838x

+ Compound Annual Growth Rate (CAGR) in CAD = 14.8%

Present Value of USD1,000 invested 20 years ago:

+ The present value of USD1,000 (PV1000) invested twenty years ago in BlackBerry is $US18,327, for a capital gain of $US17,327.

+ 20 years ago CAD 1 equalled USD 0.6957

+ 20 years Multiplier in USD = 18.327x

+ Compound Annual Growth Rate (CAGR) in USD = 15.7%

Jan 19, 2018: CAD 1 equals USD 0.81

1.2 High Performance Indicators:

DescriptionValueRank In Market
Today's TurnoverCAD44.4 million (US$35.7 million)In Top 3%
Price/MAP501.1In Top 8%
Price/MAP2001.24In Top Quartile

SECTION 2 BLACKBERRY BEARISH SIGNALS

2.1 Fundamentals:

+ Tobin's Q Ratio, defined as MCap divided by Total Assets, is 2.2. Compared with the rest of the market the stock is overvalued.

+ Revenue growth has shown signs of deterioration in recent quarters. [Quarter ended, all figures in %]

QtrRevenue GrowthNet Profit GrowthNet Profit Margin
Aug 17-79.8-97.28
May 17314.7-285.5

2.2 Overvaluation [compared with sector average]:

+ Price/Sales of 5.5 [3.1]. We estimate BlackBerry stock is trading at a current year Price/Sales of 2.9 and a forward year Price/Sales of 1.5.

+ Price to Book of 8 [4.6].

2.3 Low Performance Indicators:

DescriptionValueRank In Market
Price to Sales5.5In Bottom Quartile
% Prem to Vol Wtd Price1.1In Bottom Quartile

SECTION 3 PRICE VOLUME DYNAMICS

3.1 Volatility:

+ BlackBerry is at a discount of 8.3% to its 12-month high of CAD18.14 on January 09. It is also at a premium of 85.2% to the 12-month low of CAD8.98 on March 09, 2017.

3.2 Moving Annual Return

Based on a dynamic start date of 5 years ago, the Moving Annual Return has been positive in 2 of the last 5 years. An investment a year ago in BB would have produced a return of 76.2%.

BBClose (CAD)Annual Return %
Jan 1916.6376.2
1 Yr ago9.44(5.8)
2 Yrs ago10.02(18.1)
3 Yrs ago12.2322.5
4 Yrs ago9.98(36.5)

Close 5 years ago CAD15.71

3.3 Beta:

+ Beta: the Beta of BlackBerry stock is 2.8. A Beta greater than 1 suggests this is a high risk, high return stock with volatility greater than that of the market.

3.4 Aggregate Volumes, Prices and Turnover Period:

[Volume Index or VI in brackets; 1 is average]

+ Nasdaq: BB.NASDAQ 7,364,134 [VI of 0.5] volume 73.4% of aggregate. Price: $US13.25.

+ Toronto: BB.TSX 2,669,420 [VI of 1.2] volume 26.6% of aggregate. Price: CAD16.63.

+ Aggregate volume: there were 10 million shares of BlackBerry worth CAD165.5 million traded today. The aggregate volume was 0.6 times average trading of 15.8 million shares.

The turnover rate in the 12 months to date was 70.1% (or a turnover period of 1 year 5 months). This average length of ownership of the stock at 0.7 times the average holding period of 2 years 18 days for stocks in the S&P/TSX 60 Index suggests a slightly larger number of speculators on the share register, making it less safe for long-term investors.

SECTION 4 RANKING

4.1 Global Rank [out of 47,420 stocks] and Rank in the American Region [out of 12,007 stocks]

DescriptionValueGlobal RankIn Am Region
MCap (US$)7.2B2,091818
Total Assets (US$)3.3B5,1831,902
Revenue (US$)1.3B5,6581,901
Net Profit (US$)(1.2B)42,1529,905
Price to Book7.930,3775,240
PV$1000 (1Year) US$*1,8535,1741,082
US$* Change (1Year) %81.64,9231,062

* 1 year ago CAD 1 = USD 0.76

Jan 19, 2018: CAD 1 equals USD 0.81

4.2 Independent Ratings

+ BSS/News Bites:

BlackBerry is placed 283/2133 in BSS News Bites' ranking of Canadian performers in the past year, a percentile ranking of 86.

+ Vanguard Total World Stock ETF 7457:

The stock was one of 7457 global stocks selected by Vanguard Total World Stock ETF (VT). As at November 30, 2017, the Vanguard Total World Stock ETF held 146,872 shares worth $US1,561,346 or 0.01% by value of the ETF's portfolio [Ranked 1443 out of 7457 by value and 55 out of 205 for Canada].

SECTION 5 BLACKBERRY FINANCIALS

Financials Summary

Year endedFeb 2017Feb 2016Feb 2015
Sales (USD B)1.32.23.3
Pretax (USD)(1.2B)(282M)(385M)
Net (USD)(1.2B)(208M)(304M)
EPS (USD)(2.3)(0.4)(0.58)

Net profit deteriorated from -US$208 million in 2016 to -US$1.2 billion in 2017. Earnings Per Share (EPS) deteriorated from -40.0c to -$US2.30.

SECTION 6 BLACKBERRY PROFILE

6.1 Activities

BlackBerry Ltd is a designer, manufacturer and marketer of wireless solutions for the mobile communications market.

6.2 Industry & Sector

Classification LevelName of Sector
Business SectorIndustrial Goods
Industry GroupAerospace & Defense
IndustryAerospace & Defense
ActivityCommunication & Satellite Equipment
Economic SectorIndustrials

6.3 Top Management

The chief executive officer is John Chen and the chief financial officer is Steven Capelli.

6.4 Issued Capital

Based on 536,307,360 issued shares the market capitalisation is CAD8.9 billion (US$7.2 billion).

SECTION 7 REPORTED BUYING AND SELLING

Insider Selling

October 03: BlackBerry insider sells

BlackBerry (TSX:BB) insider Marty Beard sold 58,337 shares worth CAD659,739 on September 29. The selling price was CAD11.31. The shares hit a five-month high on the day.

October 03: BlackBerry insider sells

BlackBerry (TSX:BB) insider Steven E. Zipperstein sold 31,078 shares worth CAD351,464 on September 29. The selling price was CAD11.31. The shares hit a five-month high on the day.

October 03: BlackBerry insider sells

BlackBerry (TSX:BB) insider Steven E. Zipperstein sold 27,035 shares worth CAD304,579 on October 02. The selling price was CAD11.27. The shares hit a five-month high on the day.

October 03: BlackBerry insider sells

BlackBerry (TSX:BB) insider Sai Yuen Ho sold 30,000 shares worth CAD341,700 on October 02. The selling price was CAD11.39. The shares hit a five-month high on the day.

October 03: BlackBerry insider sells

BlackBerry (TSX:BB) insider Nita White-Ivy sold 7,977 shares worth CAD90,213 on September 29. The selling price was CAD11.31. The shares hit a five-month high on the day.

SECTION 8 BLACKBERRY PATENTS

Issued January 17, 2018

AUTOMATION OF SOFTWARE VERIFICATION [EP3270292 (A1)]

Systems, methods, and software can be used to automate software verifications. In some aspects, one or more application program interface (API) call pairs are generated based on a source code of a user module that invokes an API. Each of the one or more API call pairs comprises a first API call that invokes the API followed by a second API call that invokes the API. One or more fragments are generated based on the one or more API calls pairs. Each of the one or more fragments represents an execution sequence that includes at least one of the one or more API call pairs. The one or more fragments are verified

Method to determine length and area measurements within a smartphone camera image [9,869,544]

A mobile communication device includes a processor operably coupled to a memory and to a wireless communication subsystem operable to send and receive data, a camera operably coupled to the processor, a sensor operably connected to provide to the processor a distance between the camera and an element viewable by the camera. Instructions are stored in the memory; when these instructions are executed by the processor, the mobile communication device takes an image with the camera, uses the sensor to determine a distance between the camera and at least one object recorded in the image, receives a request for a desired measurement comprising one of a desired length measurement and a desired area measurement of an element in the image, calculates the desired measurement, and provides the desired measurement to the user.

Method, device and system for distinct forwarding of a plurality of messages selected as a group [9,871,753]

A method, device and system for distinct forwarding of a plurality of messages selected as a group is provided. The device comprises: a processor, a memory, a communication interface, an input device and a display device, the processor configured to: render, at the display device, a message list comprising messages associated with the device; receive, using the input device, a selection of a plurality of the messages in the message list, and thereafter a single indication to forward all of the plurality of the messages in the selection to a given network address; and, transmit, using the communication interface, to the given network address, a plurality of distinct forwarding messages, each respectively comprising at least a portion of one of the plurality of the messages in the selection, the plurality of distinct forwarding messages in a one-to-one relationship with the plurality of the messages in the selection.

Apparatus and associated method for providing communication bandwidth in communication system [9,871,650]

An apparatus and an associated method selects rates at which received signals are sampled in a multi-user communication system. The signals are sampled at initial sampling rates during a first period. An estimate is made of the number of received signals, and selection is made of an updated sampling rate, based in part upon the estimate.

Local area network [9,871,776]

A method and system for distributed security for a plurality of devices in a communication network, each of the devices being responsible for generating, distributing and controlling its own keys for access to the communication network and using the keys to establish a trusted network, each device's membership to the communication network being checked periodically by other devices by using a challenge response protocol to establish which devices are allowed access to the communication network and the trusted network.

Device and method for adjusting an output to an audio port based on a determined sensitivity [9,872,117]

A device and method for adjusting an output to an audio port based on a determined sensitivity is provided. The device comprises a processor, an audio port, and an electrical measurement device configured to measure electrical properties of an external device plugged into the audio port over a range of frequencies. Using the electrical measurement device, one or more electrical properties of the external device plugged into the audio port are measured at a plurality of frequencies. A sensitivity of the external device is determined using the one or more electrical properties of the external device measured using the electrical measurement device. An output to the audio port is adjusted based on the sensitivity.

Method and apparatus for selecting an IP type during roaming [9,872,319]

A method and apparatus for selecting a data connection IP (Internet Protocol) type during roaming. At a device a comprising a processor, a memory storing data indicative of radio access technologies and associated internet protocol (IP) types to use under different roaming conditions, and a communication interface, it is determined, using the communication interface, that roaming is occurring and a given radio access technology being used in the roaming is also determined. The data is processed to select an IP type associated with the given radio access technology. Thereafter, the IP type selected is used, during the roaming, in requests to a gateway to a network.

System and method of lawful access to secure communications [9,871,827]

The present disclosure relates to systems and methods for secure communications. In some aspects, a method of signalling an interception time period is described. At least one keying information used by a KMF to regenerate a key is stored. A start_interception message is signaled from an ADMF to a CSCF. A halt_message is signaled from the ADMF to the CSCF.

To view more details on these Patents, click here

SECTION 9 STOCK BUZZ

Corporate Wire

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January 15: BlackBerry Launches Game Changing Cybersecurity Product: BlackBerry Jarvis

DETROIT, MICHIGAN--(Marketwired - Jan. 15, 2018) - In a keynote address at the North American International Automotive Show (NAIAS), BlackBerry Limited (NYSE:BB)(TSX:BB) Executive Chairman and CEO, John Chen, today unveiled BlackBerry Jarvis, a transformational software cybersecurity product. BlackBerry is initially marketing this solution to automakers, whose complex software supply chains create compelling and urgent use cases that Jarvis can help solve today.

January 03: BlackBerry and Baidu Partnering to Accelerate Connected and Autonomous Vehicle Technology

WATERLOO, ONTARIO and BEIJING, CHINA--(Marketwired - Jan. 3, 2018) - BlackBerry Limited (NYSE:BB)(TSX:BB) and Baidu, Inc. (NASDAQ:BIDU) announced today that the two companies will collaborate to accelerate the deployment of connected and autonomous vehicle technology for automotive OEMs. and suppliers worldwide.

The companies have signed a statement of intent to make BlackBerry QNX's industry-leading ISO26262 ASIL-D certified safety operating system (OS) the foundation for Baidu's Apollo autonomous driving open platform.

December 20 2017: BlackBerry Reports Record Software and Services Revenue for the Second Consecutive Quarter in Q3 Fiscal 2018

WATERLOO, ONTARIO--(Marketwired - Dec. 20, 2017) - BlackBerry Limited (NYSE:BB)(TSX:BB), a cybersecurity software and services company dedicated to securing the enterprise of things, today reported financial results for the three months ended November 30, 2017 (all figures in U.S. dollars and U.S. GAAP, except where otherwise indicated).

Q3 Highlights

Total company revenue of $235 million (non-GAAP) and $226 million (GAAP) Record software and services revenue of $199 million (non-GAAP) and $190 million (GAAP), breaking the record set last quarter Record gross margin of 77% (non-GAAP) and 74% (GAAP), breaking the record set last quarter Operating income of $16 million (non-GAAP) and operating loss of $258 million (GAAP); positive non-GAAP operating income for the seventh consecutive quarter EPS of $0.03 (non-GAAP) and loss of ($0.52) (GAAP) Adjusted EBITDA of $35 million; positive for the fifteenth consecutive quarter Total cash balance of $2.5 billion at the end of the fiscal third quarter Highly competitive customer wins, in regulated industries, including NATO, the U.S.

December 19 2017: BigRoad Loads Up on BlackBerry Radar

WATERLOO, Ontario and TORONTO, December 19, 2017 --

The Fleet Complete Company purchases BlackBerry Radar-M devices to optimize its new BigRoad Freight program

BlackBerry Limited (NYSE: BB) (TSX: BB) and Fleet Complete announced today an expansion of their partnership with the purchase of BlackBerry Radar-M devices for BigRoad - A Fleet Complete Company.

December 18 2017: BlackBerry Radar Now Available to More Than 2,800 Commercial Vehicle Dealers in North America

WATERLOO, ONTARIO and FRESNO, CALIFORNIA--(Marketwired - Dec. 18, 2017) - BlackBerry Limited (NYSE:BB)(TSX:BB) and Pana-Pacific announced today that BlackBerry Radar, an asset tracking solution that provides unparalleled visibility into cargo and mobile fleet assets, is now available to more than 2,800 heavy-duty truck dealerships across North America.

Contact: (519) 888-7465

Physical Address: 295 Phillip Street, Waterloo, ON, CA, N2L 3W8

State/Province/Country: Canada

Country of Incorporation: Canada

Exchange: Toronto Stock Exchange

ISIN: CA09228F1036

T:BB; TSE:BB; N:BB; CN:BB; BB.TO

PermID: 4295861766

CIK: BlackBerry Limited (formerly Research In Motion Limited)

Blackberry Limited, Blackberry Ltd

Source: www.BuySellSignals.com