BlackBerry Limited (NASDAQ:BBRY) Stock Defies Gravity, Soaring …

Shares of BlackBerry Limited (NASDAQ:BBRY) Detail Analytic Report] showed bullish performance by surging more than 15 percent since the firm announced its third quarter of 2016 financial results. Blackberry PRIV, the firm s new smartphone powered by Android had received great reviews. PRIV is also anticipated to gain more approvals at the 2016 Consumer Electronics Show in January. John Chen, Executive Chairman and CEO of Blackberry recently stated that he is pleased with their continued progress on the firm s strategic priorities, leading to 14% sequential growth in total revenue for third quarter. They delivered accelerating growth in enterprise software and higher revenue across all of their areas of focus. Their new BlackBerry PRIV device has been well received since its release in November, and they are extending distribution to additional carriers across the globe in the next several quarters, Chen added. Blackberry had nearly 70% of recurring third quarter software revenue.

BlackBerry expects more growth outcomes from its continued software investments and additional PRIV introductions.

NeuStar, Inc. (NYSE:NSR) 2] declared that it has finalized its buyout of the caller authentication assets of Transaction Network Services, Inc and updated its 2015 guidance. The firm reaffirmed its 2015 revenue guidance in the range of $1.04 to $1.05 billion, representing growth of 8 to 9%. Information Services revenue is anticipated to be $535 to $545 million, representing growth of 9 to 12%. The company increased its 2015 adjusted net income guidance to range from $262 to $268 million, or a 25% margin. On a per share basis, adjusted net income is anticipated to be $4.70 to $4.80, an increase of 9 to 11%. Lisa Hook, President and CEO of Neustar stated that they re pleased to report that they have completed the buyout of the caller authentication assets of TNS. This acquisition accelerates their ability to release next generation mobile identity solutions for service providers, businesses, and consumers.

These assets enhance their ability to compete across the broad market for caller authentication in mobile, broadband and wireless with offerings that include subscriber data storage and management, caller identification and verification services. Paul Lalljie, Chief Financial Officer of Neustar stated that they are targeting the top end of their 2015 revenue guidance range and they have increased their adjusted net income guidance to include around $8 million in discrete tax benefits. They expect the momentum they have seen in the first three quarters of 2015 to continue.

In addition, this buyout increases their 2016 guidance, by $60 million in revenue and $20 million in adjusted EBITDA. Bronstein, Gewirtz & Grossman, LLC publicized that a securities class action has been filed in the United States District Court for the District of New Jersey on behalf of those who bought shares of Straight Path Communications Inc. (NYSEMKT:STRP) 3] throughout the period between October 29, 2013 and November 5, 2015 inclusive. The complaint accused that defendants issued materially false or misleading statements to investors and failed to unveil that the commercialization prospect for Straight Path s spectrum assets is less than touted; Straight Path s spectrum licenses were improperly obtained; and as a result, the firm s public statements were materially false or misleading and lacked a reasonable basis at all relevant times.

References

  1. ^ Detail Analytic Report (club.ino.com)
  2. ^ Detail Analytic Report (club.ino.com)
  3. ^ Detail Analytic Report (club.ino.com)

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