Tech Stocks Hitting New High: BlackBerry Limited (NYSE:BB), Intel Corporation (NASDAQ:INTC)
BlackBerry Limited (NYSE:BB) moved down -1.69% to close at $11.60 with the total traded volume of 4.82 Million shares. BlackBerry Limited (BB) reported that its financial results for the three months ended November 30, 2017 (all figures in U.S. dollars and U.S. GAAP, except where otherwise indicated). Total company revenue of $235 million (non-GAAP) and $226 million (GAAP)
Record software and services revenue of $199 million (non-GAAP) and $190 million (GAAP), breaking the record set last quarter. Highly competitive consumer wins, in regulated industries, including NATO, the U.S. Department of Justice, U.S. Department of Defense, the Dutch Government, Deutsche Bank and more. New cybersecurity practice released to enable GDPR compliance in Europe. The only vendor, with a single platform offering, recognized by Gartner in all eight categories of their Market Guide for Information-Centric Endpoint and Mobile Protection
Ranked an EMM leader by Forrester, for the third consecutive year. BlackBerry QNX design wins with ten automotive suppliers in the quarter. The firm now partner with the top three automotive tier ones; Bosch, Denso and Magna. Strategic expansion of Qualcomm relationship, in connected and autonomous vehicle platforms. Patent licensing contract signed with Teletry, enabling a market opportunity of the majority of smartphone manufacturers worldwide
After the quarter closed we reported in partnership with Denso, that we have started development of the world’s first integrated Human Machine Interface Platform (HMI). Intel is collaborating in the development of this product
The firm’s shares performance for the last one month was 8.11% and 7.01% in the previous week, whereas year to date performance was calculated 68.36%.
Intel Corporation (NASDAQ:INTC) stock finished trading at $46.70 in last trading day. CEO of Intel (INTC) memo declared that the firm aims to take more risks. In a year-end call-to-arms memo sent to all Intel employees, CEO Brian Krzanich reported that “the new normal” at Intel will be modify and risk-taking. According to a published story by CNBC, Krzanich said the company faces “an exciting challenge” in strategic, or “new growth,” markets where other companies have forged ahead of the chip giant. Krzanich said Intel is on the path to transitioning from being a client computing (PC)-first business.
He wrote, “We’re just inches away from being a 50/50 company, meaning that half our revenue comes from the PC and half from new growth markets. “In many of these new markets we are definitely the underdog. That’s an exciting challenge – it requires that we develop and use new, different muscles.
“The new normal for Intel is that we are going to take more risks,” he continued. “The new normal is that we will continue to make bold moves and try new things. We’ll make mistakes. Bold doesn’t always mean right or perfect. The new normal is that we’ll get good at trying new things, determining what works and moving forward.
The stock has a 52-week high price of $-1.97% and its 52-week low was recorded at $40.54%.