BlackBerry Fiscal 3Q Results Beat Expectations; Raising FVE to $10; Shares Overvalued
BlackBerry’s fiscal third-quarter numbers came in ahead of expectations both on the top and bottom line. Growth in enterprise software picked up a bit and as software's recurring revenue now represents more than three quarters of BlackBerry’s total revenue, gross margin continued to impressively approach 75%. While the firm is landing new clients for a variety of its software offerings, we remain convinced that BlackBerry will have difficulties differentiating itself from other players within th...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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