BlackBerry announced today that it will transfer its shares from the Nasdaq Stock Exchange to the New York Stock Exchange on October 16. BlackBerry did not give specific reasons for this stock exchange exchange, but industry sources said that since the BlackBerry is moving from a mobile hardware company to software and service companies, the exchange of stock exchanges is also an opportune time.
BlackBerry CEO and executive chairman John Chen stated in a statement: “Many of the world’s great brands, including some of our customers and partners, are listed on the NYSE. We’re also looking forward to joining us this time. This rank."
Cheng Shouzong also said: "As we continue to promote the company's growth strategy, we believe that the cooperation with the New York Stock Exchange will further enhance our corporate image and strengthen Blackberry's brand value."
Blackberry was listed on the Toronto Stock Exchange in 1998 and listed on the Nasdaq in 1999. In 2007, Blackberry's stock price once reached a high of about 230 US dollars on Nasdaq. However, with the rise of Android and iOS, the BlackBerry's share price plummeted, and in 2013 it fell to about 6 US dollars. Currently, the BlackBerry stock price hovered around $11.
After transferring to the NYSE, BlackBerry will abandon the current Nasdaq stock symbol "BBRY" and use the same transaction code "BB" as the Toronto Stock Exchange.
Nowadays, BlackBerry no longer produces hardware devices and instead only develops software. Blackberry has completely handed over the manufacturing and sales of hardware to authorized parties.
At the end of last month, Blackberry released its financial report for the second quarter of fiscal year 2017. The revenue was US$249 million, of which software and service revenues reached a record high of US$196 million. The net profit was 19 million U.S. dollars, and the diluted earnings per share was 4 cents.
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