9.72 -0.02 (-0.21%)
Pre-Market: 7:34AM EDT
|Bid||9.61 x 3100|
|Ask||9.90 x 1800|
|Day's Range||9.56 - 9.79|
|52 Week Range||9.14 - 14.55|
|Beta (3Y Monthly)||1.86|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||11.79|
As the earnings season gains steam, equity markets appear a bit shaky with high volatility and lower-than-expected performance from the technology sector, of which telecom is part.
Twitter, Constellation Brands, BlackBerry, Avid and Photronics highlighted as Zacks Bull and Bear of the Day
Today we've highlighted three stocks that fall into the broad "technology" sector. Each of these three stocks is currently trading for less than $10 per share and holds a Zacks Rank #2 (Buy) or better.
Quantum computing is still years away from being commercialized, but the time to worry about security implications is now, says John Chen, executive chairman and CEO at BlackBerry Ltd. Security threats will loom large when powerful quantum computers become commercialized and have the capacity to crack today’s commonly-used encryption methods — and it’s not too early to be investing in technology to reduce that risk, he said in an interview. To help companies combat the future security threat posed by quantum computers, Mr. Chen on Thursday announced a so-called library of algorithms that are resistant against quantum computing attacks, which can be integrated into cars, medical devices, satellites and electric grids.
Quantum computing represents tremendous promise to completely alter technology as we've known it, allowing operations that weren't previously possible with traditional computing. Today, BlackBerry announced a new quantum-resistant code signing service to help battle that possibility. Perhaps that's why BlackBerry hedged its bets in the announcement saying,"The new solution will allow software to be digitally signed using a scheme that will be hard to break with a quantum computer." Until we have fully functioning quantum computers capable of breaking current encryption, we probably won't know for sure if this works.
BlackBerry (BB) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
TSX: BB) today quickly followed the announcement of its flagship BlackBerry® Spark™ platform by announcing new partnerships and customer-driven projects that have a shared aim of transforming the global delivery of patient care enabled by the Enterprise of Things (EoT). "We are applying our expertise in security, data privacy, and communication work in regulated industries such as automotive, financial services, and government to tackle one of the biggest challenges in the healthcare industry: leveraging healthcare endpoints to improve patient outcomes while ensuring security and data privacy," said John Chen, Executive Chairman and CEO of BlackBerry.
TSX: BB) and Virginia Tech announced today they are partnering to educate the mechanical engineers of tomorrow on BlackBerry QNX technology – a global leader in safety-certified, secure and reliable software for connected and autonomous cars. As part of the agreement, BlackBerry will help advance the Department of Mechanical Engineering's connected and autonomous vehicle research and provide hands-on training with BlackBerry QNX software.
TSX: BB) announced today that it is adding a quantum-resistant code signing server to its array of cryptography tools. The new solution will allow software to be digitally signed using a scheme that will be hard to break with a quantum computer.
Telecom firms face a setback as California Governor Jerry Brown has passed a net neutrality bill against the Trump administration's mandate.
Despite year-over-year decline in overall revenues, BlackBerry (BB) tops Q2 fiscal 2019 earnings estimates on lower operating expenses.
Investing.com - Stocks in focus in pre-market trade Friday:· Tesla (NASDAQ:TSLA) stock slumped 12.36% as of 8:15 AM ET (12:15 GMT) after its Chief Executive Elon Musk was sued by the U.S. Securities and Exchange Commision for securities fraud relating to a tweet in which Musk said he had “funding secured” to take the company private.· Eli Lilly (NYSE:LLY) stock inched up 0.11% after the company received clearance from the U.S. Food and Drug Administration to sell its migraine drug.· BlackBerry (NYSE:BB) stock rose 2.26% after the company posted higher-than-expected revenue. ...
The Canadian technology company, which dominated the smartphone market nearly a decade ago before losing out to Apple Inc's iPhones and Android devices, has shifted to selling software to manage mobile devices, as well as focusing on emerging areas such as driverless cars. In the second quarter, BlackBerry's revenue from its technology and solutions business jumped 29 percent to $49 million, largely driven by the QNX unit that makes software for next-generation autonomous cars. "We are probably going to step up more investment in QNX," said Chief Executive John Chen on a post-earnings call with analysts.
The Dow was lower in early Friday trading, as September comes to an end with Italian politics rattling the market. The Securities and Exchange Commission has officially accused Tesla CEO Elon Musk of fraud. S&P 500 futures have declined 0.3%, while Dow Jones Industrial Average futures have fallen 101 points, or 0.4%.