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Today’s Research Reports on Stocks to Watch: BlackBerry and Verizon

ACCESSWIRE

NEW YORK, NY / ACCESSWIRE / April 3, 2018 / BlackBerry was one of the big tech losers in Monday trading despite a recent fourth quarter financial report beating Wall Street’s estimates. The company's CEO weighed in on tech stocks dropping yesterday and remarked that the sell off could be a "quick knee-jerk reaction to many things going on." Verizon also slipped into the red but made a big announcement about using tax savings to help boost STEM education.

RDI Initiates Coverage on:

BlackBerry Limited
https://rdinvesting.com/news/?ticker=BB

Verizon Communications Inc.
https://rdinvesting.com/news/?ticker=VZ

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BlackBerry Limited shares closed down 6.78% yesterday and continued to drop another 0.75% in after-hours trading. The company recently reported fourth quarter earnings that beat on both the top and bottom line. Although analyst Tim Long of BMO Capital Markets maintains his $12 price target on the stock and "market perform" rating, he has some concerns over management's "limited" guidance. In a research report, Long acknowledged that the company's revenues were "strong" and that margins and EPS came in ahead of expectations, "however, unlike in the past couple of years, management decided against providing concrete software revenue growth expectations." BlackBerry did project that software billings to increase in the double digits in fiscal 2019. The company's CEO John Chen also chimed in on his thoughts regarding the big tech sell-off yesterday. Chen remarked to TheStreet, "Given the fact the market has been in a bull market for so long, and the high-fliers have seen a really big return, I think what we are seeing is a quick knee-jerk reaction to many things going on."

Access RDI's BlackBerry Limited Research Report at:
https://rdinvesting.com/news/?ticker=BB

Verizon Communications Inc. shares closed down 1.38% on Monday with about 16.5 million shares traded. The company recently announced that it would be spending part of its corporate tax cut to double its commitment to science, technology and engineering education (STEM). The telecom company said it would be donating $400 million to help foster science, technology, and engineering education in schools over the next five years. Previously the company had committed $200 million. "Verizon has become increasingly concerned about the chasm between those Americans who are prepared to thrive in the digital age, and those who are not," CEO Lowell McAdam stated. "Our mission, which we call 'Humanability,' is to give people the ability to do more in this world--that's why it's paramount we invest to give kids the technology education and resources they need to succeed." The company has also said in the past that because of the tax legislation, it would be giving employee bonuses via grants of restricted stock worth over $2,000.

Access RDI's Verizon Communications Inc. Research Report at:
https://rdinvesting.com/news/?ticker=VZ

Our Actionable Research on BlackBerry Limited (NYSE: BB) and Verizon Communications Inc. (NYSE: VZ) be downloaded free of charge at Research Driven Investing.

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Disclaimer: This article is written by an independent contributor of RDInvesting.com and Nadia Noorani, a CFA® charter holder, has provided necessary guidance in preparing the document templates. RDInvesting.com is neither a registered broker-dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer.

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SOURCE: RDInvesting.com