Analyst at Jefferies & Co said that Research In Motion Ltd (NASDAQ:BBRY)’s handset Z10 has made no high selling rates in US to support its market value as it was expected from it, but its demand emerges to be positive in Asian market.
Analyst Peter Misek from the firm said the company is planning to launch 2 to 3 latest models at the end of 2013, which are expected to be based on Blackberry 10 OS.
Analyst Kulbinder Garcha has once again declared Research In Motion Under-perform on its shares and a $10 price target, which affected the company’s pre-market activity. The Analyst at Credit Suisse further declare that the company’s 10-K filing implies lower gross margin on the recently launch of its Z10 smartphone, as compare to previously predicted by the Street.
On the other side BlackBerry’s fiscal Q4 report, which declared in March featured higher-than-expected profit per share but lower-than-anticipated revenue, which according to some analysts attributed to high average selling prices for the Z10.
The analyst at Credit Suisse, Garcia has also claimed that the better gross margin of $836.14 in Q4 as compare to Q3 is due to lowering in amortization by BlackBerry.
Stock Highlights
In last trading activity, Research In Motion Ltd (NASDAQ:BBRY) stock opened at $ 13.97 hit maximum price of $14.15 throughout the session and ended at $13.92, in premarket BBRY shares fell -0.36%.
Revenue Measures
Research In Motion Ltd generated sales of $12.59 billion in last twelve months with income of $-847.00 million. The Company showed a negative -6.73% in the net profit margin and its operating margin is calculated as -10.85%. Company’s annual sales growth for the past five years was 43.43%.
BBRY past twelve months price to sales ratio was 0.58 and price to cash ratio recorded as 2.67. As far as the returns are concern, BBRY return on assets stayed at -6.35% while its return on equity recorded as -8.67%.