Troubled smartphone maker BlackBerry Ltd. (NASDAQ: BBRY) said that it is abandoning its plan to find a buyer. Instead, the company is now looking to raise $1 billion in fresh funds by selling convertible notes to a group of investors, according to people with knowledge of the matter. The sources also said that the company [...]
Beleaguered smartphone maker, Blackberry Ltd. (NASDAQ: BBRY) on Wednesday unveiled its new phone, the Z30, aimed at taking on the challenge from rivals Apple Inc.’s iPhone 5S and Samsung Electronics Galaxy S4, at time when its future looks uncertain. While unveiling the new device, Blackberry said that “(Z3) is the company’s) biggest, fastest and most [...]
Beleaguered smartphone manufacturer, Blackberry Ltd. (NASDAQ: BBRY) is trying to speed up its auctioning process, said sources familiar with the matter. These courses said that the Company intends to find a buyer by November. Last month, the Company announced that it was looking at all strategic alternatives to transform its flagging business. Since then, the [...]
Struggling smartphone maker, BlackBerry Ltd. (NASDAQ: BBRY) said on Monday that it is mulling all strategic options like joint ventures partnerships, including putting itself up for sale. Flagging sales and dwindling market-share have hammered Blackberry shares this year. In a statement released on Monday, BlackBerry said that a special board has been commissioned which will [...]
Shares of Accenture Plc (NYSE: ACN) plunged 10.30% on Friday. Although the enterprise IT consulting firm reported on Thursday that fiscal third quarter income rose 18%, aided by higher revenue from financial, health and public segments, revenue fell short of company’s own initial projections. In addition, the Company also provided downbeat guidance.
Shares of The Men’s Wearhouse Inc. (NYSE: MW) climbed 3.65% by afternoon trade. The Company said on Wednesday that fiscal first quarter profit rose 23%, driven by stronger margins. Net income climbed to $33.1 million or 65 cents a share from $26.9 million or 52 cents a share, in the year-earlier quarter. Revenue climbed 5.1% [...]
Shares of Sodastream International Ltd. (NASDAQ: SODA) rallied about 14% by afternoon trade after analysts at Citigroup raised to their price target to $66.00 while analysts at Canaccord Genuity maintained “hold” rating on the stock. Canaccord Genuity also boosted price target on the stock to $59.00 from $52.00. Analysts at Monness Crespi & Hardt lifted [...]
Shares of Tesla Motors Inc. (NASDAQ: TSLA) rallied on Monday after the electric car maker said that sales of its Model S cars were better-than-expected. The Company has now upwardly revised its outlook on fiscal first quarter both on GAAP and non-GAAP basis.
Shares of Blackberry (formerly known as Research in Motion) (NASDAQ: BBRY) edged up on Thursday after the embattled smartphone maker reported surprise profit for the fiscal fourth quarter, thanks partially to its latest launch of generation next Z10 models, which helped boosting top line. Still, revenue fell short of Street’s expectation while users’ base also [...]
Shares of Five Below Inc. (NASDAQ: FIVE) slumped in early trade after the discount retailer, which focuses on teenagers and preteen consumers, late last evening, provided downbeat guidance on the current fiscal year. However, fiscal fourth quarter results edged past analysts’ estimations.