Things are looking good for BlackBerry Ltd (NASDAQ:BBRY) at the moment. The Canadian tech company just reminded its competition that it remains a formidable player in the space of digital security. BlackBerry secured yet another prestigious award for its services. While the likes of CRN place five-star ratings on the company’s products, investors edge closer to the stock. According to a report by Zack Equity Research, BBRY shows signs of producing some “decent” near-term growth. Revisions to the firm’s earning projections have also helped the stock seem more attractive.
Raking in awards is nothing new for BlackBerry Ltd., yet its constant reach for excellence can not go unnoticed. This year’s Partner Program Guide by CRN has granted the BlackBerry Solutions Provider Program a five-star rating. The announcement comes from Richard McLeod, Global VP of the firm’s Enterprise Software Channels.
BlackBerry scores 5-star recognition
After adopting several companies making headway in the digital security market, BlackBerry Ltd. began making changes to the Solutions Provider Program. The Canadian technology firm redesigned the platform by incorporating the expertise gained from Encription, AtHoc, Good Technology and Watch Dox. Not a year after these changes were put in place, the BBRY program received a 5-star rank.
“I’m thrilled to announce that CRN, a brand of the Channel Company, has given the BlackBerry Solutions Provider Program a 5-star rating on its 2017 Partner Program Guide,” McLeod wrote on the firm’s blog.
The Partner Program Guide seeks to distinguish the very best among “an elite subset of companies,” according to McLeod. Such companies are recognized for their outstanding offerings in their categories and BlackBerry (NASDAQ:BBRY) came out with a total 5 stars. The CRN yearly guide is a trusted listing of solutions by tech vendors that offer products and services in the field of IT.
McLeod went on to assure us that a five-star accolade is no easy feat. The Channel Company’s analysis and research staff rate each program based on individual and holistic aspects. These include a look at the packages’ sales support and communication, education and support, partner training, investment in partner solutions and profitability.
“This is fantastic recognition from the industry that our young program is on the right track. We laid a solid foundation for our partners, so they can build their businesses around our BlackBerry Secure Platform.”
BlackBerry looks good in short and long term.
A revised look at BlackBerry shows investors taking a liking to the stock. Analysts have grown rather optimistic about BBRY earnings for the current quarter and beyond. The past month has actually seen more confidence thrown at BlackBerry as a short- and long-term buy. On average, industry indicators point to the company being a sure investment option.
Looking at BlackBerry’s (NASDAQ:BBRY) projections for the rest of the year, the last four weeks show three estimates rise while only one dropped its opinion. Estimates on losses per share diminished quite a lot too. BlackBerry got a averaged 28.6 percent increase for its earnings per share. Estimates came down from a $0.07 lost per share to $0.05.
The near term appears even better for the firm. No estimates have dropped over the last month while two have gone up. “The trend has been pretty favorable too,” writes Yahoo Finance. Projections came down from $0.04 loss a month ago to only a $0.02 loss this week, representing a 50 percent rise.