Shares of BlackBerry Ltd (NASDAQ:BBRY) ended Wednesday session in red amid volatile trading. The shares closed down -0.01 points or -0.14% at $7.26 with 3.07 million shares getting traded. Post opening the session at $7.28, the shares hit an intraday low of $7.21 and an intraday high of $7.37 and the price vacillated in this range throughout the day. The company has a market cap of $3.77 billion and the numbers of outstanding shares have been calculated to be 523.52 million shares.
BlackBerry Ltd (BBRY) announced the latest in its series of most secure Android smartphones, DTEK60. As part of BlackBerry’s transition towards a device software licensing strategy – which allows it to focus on putting “the smart in the phone” – the DTEK60’s hardware is manufactured by TCL and comes equipped with the trusted security software BlackBerry is known for. It is now available for sale at ShopBlackBerry in North America and Europe and will roll out to other regions in coming weeks.
DTEK60 is the second device in the DTEK series of Android smartphones. It provides enterprises and organizations with full access to the Android ecosystem and higher-end specs to help power productivity. It comes equipped with all the security features that BlackBerry’s Android OS devices have, including best-in-class security patching and the DTEK by BlackBerry app that allows users to monitor and control their privacy on their phone.
Shares of Vonage Holdings Corp. (NYSE:VG) ended Wednesday session in green amid volatile trading. The shares closed up +0.67 points or 10.45% at $7.08 with 13.74 million shares getting traded. Post opening the session at $6.81, the shares hit an intraday low of $6.52 and an intraday high of $7.57 and the price vacillated in this range throughout the day. The company has a market cap of $1.53 billion and the numbers of outstanding shares have been calculated to be 216.43 million shares.
Vonage Holdings Corp. (VG) announced results for the third quarter ended September 30, 2016.
Third Quarter Consolidated Financial Results
For the third quarter of 2016, Vonage reported revenues of $248 million, up from $223 million in the year ago quarter. GAAP Income from Operations was $15 million, up from $9 million in the prior year. Adjusted Operating Income Before Depreciation and Amortization (“Adjusted OIBDA”) for the third quarter was $41 million, up from $34 in the prior year period. GAAP net income was $9 million or $0.04 per share, up from $3 million or $0.02 per share in the year ago quarter. Adjusted net income was $19 million or $0.09 per share, up from $11 million or $0.05 per share in the year ago quarter.
“Our results reflect good progress integrating our acquisitions and building a winning product and go-to-market value proposition for our customers,” said Vonage CEO Alan Masarek. “The significant investments in Vonage Business continue to support our growth initiatives, highlighted by 86% revenue growth in the third quarter. Our disciplined focus on profitability continues to produce strong results, highlighted by a 21% increase in adjusted OIBDA.”