BlackBerry Limited (NASDAQ:BBRY) Releases Cloud-Enabled Mobile Security Platform

Shares of BlackBerry Limited (NASDAQ:BBRY) [Trend Analysis] runs in leading trade, it moving down -0.26% to traded at $7.81. The firm has price volatility of 2.19% for a week and 2.49% for a month. Its beta stands at 1.12 times. Canadian mobile company, BlackBerry (BBRY) launched on Friday a cloud-enabled mobile security platform for “Enterprise of Things” that will address entire businesses from endpoint to endpoint.”Enterprise of Things” is defined as the network of intelligent connections and endpoints within the enterprise that enable products to move from sketch to scale.It is a collection of devices, computers, sensors, trackers, equipment and other things that communicate with each other to enable smart product development, distribution, marketing and sales.

“Businesses must be able to confidentially and reliably transmit sensitive data between endpoints to keep people, information and goods safe,” John Chen, Executive Chairman and Chief Executive Officer, BlackBerry, said in a statement.The platform completes the integration of the BlackBerry’s prior acquisitions of key technologies such as Good Technology, WatchDox, AtHoc and Encription, the company said. Narrow down four to firm performance, its weekly performance was 2.90% and monthly performance was 9.23%. The stock price of BBRY is moving up from its 20 days moving average with 3.86% and isolated positively from 50 days moving average with 4.68%.

Marathon Patent Group, Inc. (NASDAQ:MARA) [Trend Analysis] luring active investment momentum, shares a loss -8.33% to $1.54. Marathon Patent Group, Inc. (NASDAQ:MARA) revealed that it has entered into definitive contracts with investors for the purchase and sale of 3,481,997 shares of common stock at a price of $1.50 per share and warrants to purchase up to 1,740,999 shares of common stock at an effective price of $0.01 per warrant with an exercise price of $1.70 per share. The warrants will expire five years from the date of issuance.

Northland Capital Markets is acting as the exclusive placement agent for the registered direct offering and concurrent private placement. The closing of the registered direct offering and the concurrent private placement is expected to take place on or about December 14, 2016, subject to the satisfaction of customary closing conditions. The gross proceeds of the offering, before fees and expenses, will be approximately $5.2 million. The Company intends to use the net proceeds for working capital and other general corporate purposes, including the acquisition of certain patent portfolios. The total volume of 507027 shares held in the session was surprisingly higher than its average volume of 55.55 shares. EPS estimates indicating constrictive facts, the current year from sell-side analysts, Price to current year EPS stands at -340.80%, and looking further price to next year’s EPS is 70.50%. While take a short look on price to sales ratio, that was 0.56.

Several matter pinch shares of Network-1 Technologies, Inc. (NYSE:NTIP) [Trend Analysis], as shares moving down -3.03% to $3.20 with a share volume of 310656. Network-1 Technologies, Inc. (NYSE:NTIP) declared that its Board of Directors has authorized the initiation of a dividend policy as part of Network-1’s ongoing commitment to increasing shareholder value and return on investment.

“Our successful licensing campaigns have resulted in Network-1 having a important cash balance, strong balance sheet, and ongoing cash flow from our operations. As a result, we are very well positioned to fund future growth opportunities while providing a dividend return to our shareholders,” commented Corey M. Horowitz, Chairman and CEO of Network-1. “As evidenced by our past share repurchases and special dividend as well as our new regular dividend policy, we are focused on increasing shareholder value and will continue to do so,” he added.

“The dividend policy of Network-1 will undergo a periodic review by the Board of Directors and is subject to change at any time depending on the earnings of Network-1, its financial requirements and other factors existing at the time. Future declarations of semi-annual dividends and the establishment of future record and payment dates are subject to the final determination and discretion of the Board of Directors. The stock is going forward its 52-week low with 88.24% and moving down from its 52-week high price with -5.88%. To have technical analysis views, liquidity ratio of a company was calculated 6.00 as evaluated with its debt to equity ratio of 0.00. The float short ratio was 0.20%, as compared to sentiment indicator; Short Ratio was 0.35.

 

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