NEW YORK (TheStreet) -- BlackBerry (BBRY) stock is up 2.35% to $8.06 in afternoon trading on Wednesday ahead of the mobile communications company's fiscal 2016 fourth quarter results due out Friday before the market open.

The Canadian cellphone manufacturer is expected to report a loss for the quarter and a 14.7% year-over-year decline in revenue.

Wall Street is anticipating a loss of 10 cents per share on revenue of $563.18 million, compared to earnings of 4 cents per share on revenue of $660 million that BlackBerry reported for the fiscal 2015 fourth quarter.

"While the company may currently be showing possible signs of a recovery, we note that much of this strength can be attributed to IP licensing sales of $53 million last quarter, which was structured with an upfront payment," Credit Suisse said in an analyst note this morning.

Analysts remain concerned about BlackBerry's weak service revenue, unpredictable IP licensing revenue and recent acquisitions, which create integration risks.

Separately, BlackBerry has a "sell" rating and a letter grade of D at TheStreet Ratings because of the company's weak operating cash flow and generally disappointing stock performance.

You can view the full analysis from the report here: BBRY

TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author. 

Image placeholder title