BlackBerry Limited (NASDAQ:BBRY) retreated -0.27% and closed its last session at $7.44. The stock has the market capitalization of $3.93 Billion with the total outstanding shares of 528.78 Million. BlackBerry Limited. has Analysts’ Mean Recommendation of 2.87 between the scale of 1 to 5 (1 represents Strong Buy and 5 means Sell). The stock currently has P/E of 0 for trailing twelve months while its Forward P/E is 572.31.

BlackBerry Limited (NASDAQ:BBRY) touched its 52-Week High of $9.46 on Dec 28, 2015 while it’s 52-Week Low of $6.23 on Jun 27, 2016. The company currently has Return on Assets of -26.7 percent, Return on Equity of -48% and Return on Investment of -3.3 percent. The stock currently showing Weekly Volatility of 1.67%% and Monthly Volatility of 2.39% Percent with Average True Range of 0.16 and Beta of 1.11.

The 19 analysts offering 12-month price forecasts for BlackBerry Ltd have a median target of 8.00, with a high estimate of 10.50 and a low estimate of 6.00. The median estimate represents a +7.53% increase from the last price of 7.44.

Press Release:

The Company on 31 October declared an agreement has been signed with Ford Motor Company for expanded use of BlackBerry’s QNX and security software. The deal signifies an acceleration in BlackBerry’s pivot from hardware to software in support of the automaker’s goal of providing connected vehicles and mobility to its customers.

As part of this agreement, BlackBerry will dedicate a team to work with Ford on expanding the use of BlackBerry’s QNX Neutrino Operating System, Certicom security technology, QNX hypervisor and QNX audio processing software. The terms of the deal are confidential.

The combination of BlackBerry’s expertise in security and QNX’s mission-critical operating systems and software for automotive applications, allows the company to offer the most secure, trusted and reliable platform that can power every aspect of the connected car.

Company Profile:

BlackBerry Limited is involved in the design, manufacture and marketing of wireless solutions for the mobile communications market. Its integrated hardware, software and services provide platforms and solutions for seamless access to information which includes e-mail, voice, instant messaging, short message service, Internet and intranet-based applications and browsing. The company operates in North America, Europe, Asia Pacific and Latin America. BlackBerry Limited, formerly known as Research In Motion Limited, is headquartered in Waterloo, Canada.