Tag: raymond james & associates

RIM Investor Update for Q3 Fiscal 2010

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With the fiscal 2010 Q3 earnings conference call happening this Thursday, investors and analysts are getting ready to scrutinize Jim Balsillie’s speech as well as their accounting details. Raymond James analyst Steven Li is expecting both good and bad news. The good: RIM has launched a number of successful devices. The bad: Motorola’s Droid is eating sales at Verizon and low Bold 9700 pricing may be hurting Curve sales. Gus Papageorgiou, a Scotia Capital analyst, is recommending investors to stay in for the 4th as he expects it to be a favorable quarter.

Research in Motion (RIM) financial analysis update

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The Financial Post Trading Desk is reporting that RIM’s first-quarter revenue is estimated to come down to US$3.1-billion on seven million new units shipped.

Raymond James & Associates is giving an Outperform rating on RIM stock with a target price of US$66.

Citi analyst Jim Suva, however, has a Hold on the stock with a target price of US$46. Mr. Suva remains skeptical in the near term, estimating earnings-per-share growth of just 7% this year, which is “hard to get excited over.”

Hopefully upcoming device launches such as the Niagara will quell any market uncertainty.

[Via]