BlackBerry (BBRY) Falls: Stock Goes Down 6.8% – Tale of the Tape

This slump shouldn’t be too much of a surprise to investors, as the company has seen two negative revisions in the past few weeks and its current year loss estimates have moved higher over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.

BlackBerry currently holds a Zacks Rank #3 (Hold).

Some better-ranked stocks in the wireless industry include CenturyLink, Inc. (CTL), Meru Networks, Inc. (MERU) and Ruckus Wireless, Inc. (RKUS). All these stocks holds a Zacks Rank #2 (Buy).

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