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 Financial Results: Research In Motion – Big Bank Talks Future, and More

Blackberry Financial Results: Late last week, we talked about the 2013 fiscal results for Research In Motion Ltd (NASDAQ:BBRY). Along with this, we touched a bit on the sales numbers for the Z10 smartphone.

Today, we are going to take a closer look at what analysts make of the company right now including where they see things headed in the near future.

Wells Fargo has boosted some estimates for the once dominant smartphone company, while also adding that guidance might be a bit conservative at this time.

Research in Motion Ltd. (BBRY)Maynard Um is the top analyst at Wells as far as Research In Motion Ltd (NASDAQ:BBRY) is concerned.

Recently, he talked about gross margin as a surprise for BBRY last quarter. Along with this, according to a report by, he feels that investors should be keeping an eye on “carrier launches,” in particular the “QWERTY keyboard-equipped Q10 handset.”

As we noted last week, BlackBerry is hoping to turn things around in fiscal 2014 with the help of an increased marketing budget. With the backing of the Z10 smartphone, along with the company’s new operating system, it will be important for the company to spend more money spreading the word.

In the company’s official press release, announcing fiscal 2013 results, it noted:

“The Company will be increasing its marketing investment in the first quarter of fiscal 2014 in support of the global launch of BlackBerry 10. Including the anticipated 50% sequential increase in marketing spending, the Company believes it will approach breakeven financial results in the first quarter based on its lower cost base, more efficient supply chain, and improved hardware margins.”

What does Um and his team at Wells see happening for Research In Motion Ltd (NASDAQ:BBRY) during Quarter 1 2014? They believe the company will hit a profit of 7 cents per share despite the fact that “prior expectations” called for a loss of 7 cents per share.

At this time, Wells Fargo has placed an outperform rating on Research In Motion Ltd (NASDAQ:BBRY) with a valuation range of $19 to $20.

Do you agree with Maynard Um about where BBRY is headed in the future? Share your thoughts in the comment section below.

Check back here for more updates on Blackberry Financial Results.

For more news stories, visit these pages:

Defense Dept Replaces BlackBerry with iOS?

BlackBerry Travel Upgraded for BB10 OS

BB10 Security Convinces German Government to Buy