Posted on September 26, 2008, at 10:24 am .
If you’re a RIM shareholder right now, you probably feel as though you woke up on the wrong side of the bed this morning. RIM’s stock opened 20 points down on the Nasdaq from its close last night at $97.53, and is now hovering around $73 per share. Checking the latest financial news today, it’s clear that this fall is reflective of myriad issues, ranging from RIM’s low Q3 forecast to the general economic climate. Here’s the best reports we’ve seen so far on the issue.
MarketWatch: Research In Motion sinks on disappointing forecast
“RIM’s business model is starting to show its pressure points. The company has become increasingly dependent on hardware sales. As a result, the timing of new product launches can have a big impact on their results,” wrote Brian Modoff of Deutsche Bank in a report, in which he cut the stock to a sell rating. “We think this trend will only worsen and their numbers are now, more than ever, dependent on a steady stream of hit products.”
Yahoo! Finance: Premarket roundup: Research in Motion
Analysts were thoroughly divided Friday about the meaning of BlackBerry maker Research in Motion Ltd.’s latest financial report, while investors united in a rush to dump the stock.
More RIM Financial News
Posted on August 21, 2007, at 12:06 pm .
RIM’s 3-to-1 stock split announced back after their Q1 results happened today, and price continues rising as steadily as ever. Financial analysts continue to be optimistic, some even saying that the stock could double in a year, putting it right back where we left off. The target price now sits at $95.
Posted on August 9, 2007, at 11:28 am .
The National Post is reporting that financial analysts are pitching RIM’s stock is set to hit the $275 ballpark in the next six to ten months. Considering it was sitting at around $68.58 one short year ago, that’s quite the forecast. RIM’s been keeping momentum up on the stock market however, with analysts Sera Kim and Adam Low predicting a doubling of BlackBerry users to 23 million by the end of the 2009 fiscal year. There’s plenty of new devices to look forward to, and an ever-growing smartphone market willing to gobble them up. Are there any game-changers on the radar for the next six to ten months that could throw a wrench into these predictions?
Posted on July 27, 2007, at 9:25 am .
(With Thought asking the best question of the week already in his editorial, it seemed best to make this the Weekly Contest. Whomever posts the best comment will receive 3 free games (!) from Bplay. LAST WEEK’S WINNER was JEF, who thinks Wi-Fi could be a win-win for everybody. ed.)
Interesting report coming from financial analysts the Motley Fool today. It seems that the Fool’s investor community has given a 1-star CAP rating to the boys and girls at RIM. This is despite the fact that RIMM is currently being traded at 222 USD, well above their 3-month high, and recently posted a ‘knock one out of the park’ quarter.
Most of the Fool’s concern seems to be based around the iPhone and other devices encroaching upon BlackBerry market share. I think these are completely valid concerns. However, for a company that has continuously met or beaten expectations, aren’t we shortchanging RIM a bit here? It’s possible that RIM’s stock is overvalued, and it’s true that no company can be bullish forever, but have we seen any indication at all that RIM’s slipping? I don’t think so. Maybe this is what Jim Cramer meant when he talked about pushing down RIM’s reputation in order to make mad money.
Check out Fool analyst Matt Koppenheffer’s analysis after the jump, and post a comment to let us know if you think analysts are giving RIM a raw deal.
Listen to the Fool.
Posted on July 16, 2007, at 8:00 am .
Upon hitting the $227.52 mark last Friday, RIM has surpassed Motorola in total market value: $42.3 vs. $41.4 billion. According to some, we can thank BlackBerry’s strong focus on software for the gains, but RIM makes most of their revenue from hardware. Of course strong profits have also helped push RIM’s stock well over the $200 line. It’s great to see things still doing so well in the wake of the iPhone, but you still can’t help but feel like you’re waiting for the other shoe to drop. Something is going to deflate RIM sooner or later, but if Apple can’t do it, who will?
Posted on June 29, 2007, at 10:32 am .
Yesterday was a good day for RIM investors, between solid Q1 results, positive outlook and a 3-1 stock split. That being said, RIM did pretty damned well overnight, jumping from a $165.59 close to $196.00 this morning. At time of posting, RIMM is floating around $194.90. Busting $200 would be one hell of a milestone to hit on iPhone launch day, and with plenty of investors putting target prices in the $225 range, it seems more than likely to happen. AAPL’s at $122.32, with some undoubtedly interesting changes happening over the weekend.
Posted on June 28, 2007, at 8:18 am .
Because we like to look out for you, we thought we’d remind you that both RIM and Palm are announcing their Q1 financial results today. No word yet on what time Palm’s releasing their deets, but RIM will be dropping theirs after the bell, with an investor conference call to follow at 5pm EST. To participate, simply dial 416-640-1907 or enjoy it web-style by logging into www.rim.com/investors/events/index.shtml. For those who think they might miss it, worry not, a replay of the conference call will also be available at approximately 7 pm by dialing 416-640-1917 and entering passcode 21221686#.
We’re excited to hear how all of RIM’s new devices are selling, but until then, how about some speculation? Let us know how well you think RIM’s doing financially by posting a comment. We’ll also have full coverage of the results later today.
Posted on June 27, 2007, at 10:58 am .
With a little help from StockHouse, Reuters has integrated live, streaming stock market information through their Connect-Station client on BlackBerry. The software features a configurable Watchlist, scrolling headlines, full news stories, and a few other handy features which would prove useful to the modern BlackBerryin’ stockbroker. Talk to Reuters about pricing, but StockStream for PC goes for around $9.95/month, so you can expect something in that range.
