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Fly News Breaks for March 29, 2018
BB
Mar 29, 2018 | 07:49 EDT
Canaccord analyst T. Michael Walkley noted BlackBerry reported better than expected Q4 revenues, which he attributed to continued strong execution. The analyst also noted new product development and expanding sales channels which helped to drive improved earnings and cash flows. Walkley said despite the strong results, the company's multiple is in line with quality SaaS peers that are growing faster than BlackBerry and thus maintained his Hold rating and $11 price target on the shares.
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