BlackBerry jumps 7% after Q1 beat, retail bulls eye break above $5
BlackBerry surged 7% in after-hours trade after posting Q1 EPS of $0.02 vs guidance of breakeven. Revenue topped estimates at $121.7M, with both QNX and Secure Comm units beating expectations. Retail traders turned extremely bullish, eyeing a breakout above $5, with some targeting $5.5 by Friday. BB stock is up ~15% YTD.