This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

BlackBerry Goes Private: 3 Other Tech Stocks To Consider

Chris Lau, Kapitall: BlackBerry goes private, after confusing the market and smartphone users alike.

BlackBerry ( BBRY ) shocked the market last week by issuing an earnings warning, announcing staff cuts, and reporting a nearly billion dollar quarterly loss. The company had seemed to be positioning itself as a takeover target.

And then on Monday, Fairfax Financial Holdings moved in. On Monday, the Fairfax consortium initiated a move to take BlackBerry private. Fairfax offered $4.7 billion to buy the company. Excluding the $2.6 billion in cash held by the company, this values the BlackBerry enterprise at just $2 billion.

Recent BlackBerry price

Click on the interactive charts below to see data over time. 

<p>Your browser does not support iframes.</p>

With the Canadian tech icon departing the scene, what other technology stocks can investors consider from our neighbor to the north?

CAE Inc. (CAE)

CAE makes flight simulation equipment and is best known for building solutions for the flight industry. Valued at a forward P/E of 15, CAE earned $0.18 per share last quarter on revenue of $530.4 million. CAE has a healthy backlog, which could support future operating income. The company’s backlog was $3.7 billion in its fiscal first quarter, up from $3.5 billion a year earlier.

CAE is growing sales in its healthcare division, and the company is establishing a training center for a hospital group in Brazil.

<p>Your browser does not support iframes.</p>

Mitel Networks (MITL)

Mitel shares are up sharply, nearly double from the start of 2013. The company is generating healthy gross margins and sales. Gross margin was 56.6% in its fiscal first quarter, but the company expects the current quarter (ending October 31, 2013) to be between 57% to 58%. 

<p>Your browser does not support iframes.</p>

Descartes Systems Group (DSGX)

Descartes is range-bound, since breaking out above $10 earlier this year. The software provider to logistics-intensive businesses continues to report stronger sales. Last quarter, Descartes generated revenue of $38.2 million, up 25% from the previous year. Gross margin for the year-to-date was 67%. And the company continues to grow its software as a service strategy effectively.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.24 0.00%
FB $117.81 0.00%
GOOG $701.43 0.00%
TSLA $211.53 0.00%
YHOO $36.94 0.00%


Chart of I:DJI
DOW 17,660.71 +9.45 0.05%
S&P 500 2,050.63 -0.49 -0.02%
NASDAQ 4,717.0940 -8.5450 -0.18%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs