Home / Feature / Makes Perfect Disruptive Tech Pair: BlackBerry (NASDAQ:BBRY), The Wendy’s (NASDAQ:WEN), MRC Global (MRC)

Makes Perfect Disruptive Tech Pair: BlackBerry (NASDAQ:BBRY), The Wendy’s (NASDAQ:WEN), MRC Global (MRC)

BlackBerry Limited (NASDAQ:BBRY) moving in diverse range of trends as shares traded at $7.35 with slightly down of -0.54%. As global smartphone sales to end-users hit nearly 432 million units in the fourth quarter of 2016, once a market leader BlackBerry now virtually has a zero percent share. According to the market research firm Gartner, out of more than 431.5 million smartphones sold in Q4 last year, about 200,000 were BlackBerry devices that were running on its own operating system but that gives it less than half the unit volume of the “other OS” category.

Microsoft’s Windows phones are not doing good either. The share of Windows fell from 1.1 percent to 0.3 percent in the last quarter of 2016. In a bid to provide acceleration to BlackBerry’s transition into a security software and services company, BlackBerry and TCL Communication Technology Holdings Limited entered into a long-term licensing contract recently.

To knowledge the question of growth, it has annual sales growth for the past five year of -35.90%. While past twelve months price to sales ratio recorded as 2.60 and price to cash ratio remained 3.00.

Can BlackBerry Limited turn tables after this earnings announcement? Find Facts Here

The Wendy’s Company (NASDAQ:WEN) to close at $14.29 by are dropping -0.14% with session volume was recorded 4.63 Million. The Wendy’s Company (WEN) reported its Board has authorized an increase of 0.5 cents per share in its quarterly dividend rate. The new quarterly dividend rate of 7 cents per share will be effective with its next dividend payment on March 15, 2017 to shareholders of record as of March 1, 2017. The increase is in addition to the 0.5 cents per share increase that was authorized in the fourth quarter of 2016.

The company also reported its Board has authorized a new share repurchase program for up to $150 million of the company’s common stock through March 4, 2018. The company intends to repurchase shares with existing cash on its balance sheet and cash flow from operations. In 2016, the company repurchased 29.5 million shares for $335.0 million at an average price of $11.34 per share. The number of shares outstanding at the end of the fourth quarter of 2016 was approximately 246.6 million. As concerns of stock price volatility, it was 1.99% for a week and 1.89% for a month.

How The Wendy’s Company surprised investors through its Earnings guidance? Find Out Here

MRC Global Inc. (NYSE:MRC) considered as an active stocks in recently’s lead, shares jumps up 1.16% to $20.90 as MRC Global Inc. (NYSE: MRC) declared fourth quarter 2016 results. The company’s sales were $719 million for the fourth quarter of 2016, which were 26% lower than the fourth quarter of 2015 and 9% lower than the third quarter of 2016. As compared to last year, reduced consumer activity across all sections and sectors drove the decline.

Andrew R. Lane, MRC Global’s president and chief executive officer stated, “As expected, fourth quarter revenue was down 9% sequentially due to seasonality primarily driven by U.S. midstream. However, we are encouraged as sequential revenue for our U.S. upstream business surged 8%, as well completion activity is increasing.”

“While the last two years have been challenging in the oil and gas markets, we are in a strong position to capitalize on the improving market conditions. Over the past two years, since the downturn began, we executed our strategic objectives. We have gained valuable market share, generated $943 million in cash from operations, reduced debt by $1 billion, reduced operating costs by 27% and returned $107 million to shareholders. These actions have allowed us to strengthen our position as the leading PVF distributor and now we are ready to return our focus to growing with our consumers again.”

The share price volatility always attracts active investors, as stock price of weekly volatility recorded 2.63% and monthly volatility was 3.11%. The firm is ahead its 52-week low of 134.04% and going down from its 52-week high price of -7.19%.

Will this Buy rating lifts MRC Global Inc. massive rally for this year? Find Out Here Totally Free

 

About Roger Valet

A Seneca Globe News writer since 2013, Roger Valet covers Wall Street and stock market news. In the past Roger covered the real estate market and then moved on to cover corporate management. You can reach Mr. Roger at roger.valet@senecaglobe.com

Leave a Reply

Your email address will not be published. Required fields are marked *