BlackBerry (BBRY) tomorrow will host the unveiling of the long-awaited “BlackBerry Classic,” a handset that is considered the first design effort under CEO John Chen, who took the top spot in November of last year.
You will be able to follow the event, taking place in New York City, starting at 10 am, via a webcast on the BlackBerry Web site.
That event is followed by a joint press conference with Samsung Electronics (005930KS) to discuss a partnership between the two to make their device management software work together, first announced last month.
And then Friday morning brings the company’s fiscal Q3 report.
UBS’s Amitabh Passi weighed in with some thoughts on the company this morning, reiterating a Neutral rating and a $9.50 price target, writing of the three events that “We expect shares to remain volatile given the upcoming newsflow, with bouts of euphoria followed by periods of disillusionment.”
“While John Chen and his management team have infused a new level of optimism and energy, we continue to believe the long-term outlook for the company is still unclear and the range of outcomes still wide,” writes Passi.
Passi models Q3 revenue of $922 million and a 4-cent loss per share. That compares to Street consensus for $937 million and a 5-cent loss.
BlackBerry shares are up 4 cents, or 0.4%, at $9.47 today.