Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

BlackBerry Ltd (BBRY) To Report Earnings On Thursday: What To Expect?

Many people believe that BlackBerry Ltd (NASDAQ:BBRY) is past its best and there is no way back to profits for the phone maker. This belief was validated by the fact that BlackBerry Ltd (NASDAQ:BBRY) stock has lost more than 85% of its value in the last 5 years. BlackBerry Ltd (NASDAQ:BBRY) has tried to revoke interest in the brand by launching new phones like Passport and Classic in 2014. Did BlackBerry Ltd (NASDAQ:BBRY) manage to sell enough units of these new devices to turn around? BlackBerry Ltd (NASDAQ:BBRY) is expected to report the quarter earnings before the opening bell on Thursday. What to expect from the earnings report? Colin Gillis, Director of Research at BGC Partners talked on CNBC about his opinion on BlackBerry Ltd (NASDAQ:BBRY) stock and previewed the expectations from the earnings report.

Blackberry BBRY Earnings Call Transcript

Gillis pointed out that this will be end of the fiscal 15 for BlackBerry Ltd (NASDAQ:BBRY) and he said that the BlackBerry Ltd (NASDAQ:BBRY) will attempt to stop the bleeding and get back the company to stability. He mentioned that BlackBerry Ltd (NASDAQ:BBRY) would strive hard to make the cash flow into positives.

Gillis said that BlackBerry Ltd (NASDAQ:BBRY) had achieved the target of positive cash flow one quarter earlier than expected in the last quarter. He mentioned that they would like to carry on the momentum the do the same in the current quarter as well. Gillis pointed out that CEO of BlackBerry Ltd (NASDAQ:BBRY), John Chen has already turned around the proceedings in Sybase and he feels that he can do it again with the phone maker.

BlackBerry Ltd (NASDAQ:BBRY) is looking up to the software business to come good in the future and make some money for them. But can it come good for them? Gillis thinks it can.

“[..] Just to frame it in perspective, not your standard investing company. It’s a special situation. So you have to have the stomach for the volatility that’s going to be associated with the company that’s in transition. Now if you look at BlackBerry, remember they have this services revenue, that’s in decline. That’s associated with their old 7 phones and in fact that revenue, which is about 40% of total is going to be declining 15% every single quarter. So that’s a tough head wind they are facing. Conversely they are trying to build up software revenue and that’s going to be their future. [..] They have done a decent job with their platform, north of 6 million licenses, but they need to convert those people and upsell them into their gold platform to generate more revenue. They have a $500 million target to hit in fiscal 16 over the next 4 quarters. So this is going to be one of challenges for John Chen,” Gillis said.

Gillis feels that if Chen could achieve the target then BlackBerry Ltd (NASDAQ:BBRY) will regain interest from investors since they have transitioned from a legacy business model to an enterprise business model.

Disclosure: None

I just made 84% in 4 daysI Just Made 84% in 4 Days By Blindly Following This Hedge Fund I just made 84% in 4 days by blindly imitating a hedge fund’s stock pick. I will tell you how I pulled such a huge return in such a short time but let me first explain in this FREE REPORT why following hedge funds’ stock picks is one of the smartest things you can do as an investor. We launched our quarterly newsletter 2.5 years ago and not one subscriber has, since, said “I lost money by EXACTLY following your stock picks”. The reason is simple. You can beat index funds by creating a DREAM TEAM of hedge fund managers and investing in only their best ideas. I just made 84% in 4 days by blindly imitating one of these best ideas. CLICK HERE NOW for all the details.

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!