BlackBerry (NYSE:BB) Issues Q4 Earnings Guidance

BlackBerry (NYSE:BB) updated its fourth quarter earnings guidance on Thursday. The company provided earnings per share guidance of $(0.02)-$0.00 for the period, compared to the consensus earnings per share estimate of $0.01. BlackBerry also updated its FY 2025 guidance to -0.020-0.000 EPS.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on BB shares. Canaccord Genuity Group raised their price objective on shares of BlackBerry from $2.70 to $2.80 and gave the company a “hold” rating in a research report on Friday, October 18th. CIBC raised their target price on shares of BlackBerry from $3.50 to $3.60 and gave the stock an “outperform” rating in a report on Thursday, October 17th. TD Securities upped their price target on BlackBerry from $2.75 to $3.25 and gave the company a “hold” rating in a report on Wednesday. Royal Bank of Canada raised their price objective on BlackBerry from $3.00 to $3.25 and gave the stock a “sector perform” rating in a research note on Tuesday. Finally, StockNews.com raised BlackBerry from a “sell” rating to a “hold” rating in a research report on Monday, December 9th. Seven research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, BlackBerry currently has an average rating of “Hold” and a consensus price target of $3.34.

BlackBerry Stock Down 1.0 %

Shares of BlackBerry stock traded down $0.03 during midday trading on Thursday, hitting $2.98. The company’s stock had a trading volume of 20,702,389 shares, compared to its average volume of 9,563,922. BlackBerry has a 1-year low of $2.01 and a 1-year high of $4.27. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $1.76 billion, a P/E ratio of -11.92 and a beta of 1.43. The stock has a 50-day simple moving average of $2.52 and a 200-day simple moving average of $2.45.

BlackBerry (NYSE:BB) last announced its quarterly earnings data on Thursday, December 19th. The company reported $0.02 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.03. The firm had revenue of $143.00 million during the quarter, compared to analyst estimates of $144.84 million. BlackBerry had a negative return on equity of 3.38% and a negative net margin of 21.66%. The business’s quarterly revenue was down 5.9% compared to the same quarter last year. During the same period last year, the company posted $0.01 EPS. As a group, sell-side analysts expect that BlackBerry will post -0.06 earnings per share for the current year.

Insider Activity at BlackBerry

In related news, insider Philip S. Kurtz sold 15,005 shares of BlackBerry stock in a transaction on Saturday, September 28th. The stock was sold at an average price of $2.53, for a total transaction of $37,962.65. Following the completion of the sale, the insider now owns 30,129 shares of the company’s stock, valued at approximately $76,226.37. This trade represents a 33.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.34% of the stock is currently owned by insiders.

BlackBerry Company Profile

BlackBerry Limited provides intelligent security software and services to enterprises and governments worldwide. The company operates through three segments: Cybersecurity, IoT, and Licensing and Other. The company offers CylanceENDPOINT, an integrated endpoint security solution; CylanceGUARD, a managed detection and response solution; CylanceEDGE, an AI-powered continuous authentication zero trust network access solution; CylanceINTELLIGENCE, a contextual cyber threat intelligence service; BlackBerry Dynamics offers a development platform and secure container for mobile applications; BlackBerry Workspaces a secure Enterprise File Sync and Share (EFSS) solution; BlackBerry Messenger (BBM) Enterprise, an enterprise-grade secure instant messaging solution for messaging, voice and video; BlackBerry SecuSUITE is a certified, multi-OS voice and text messaging solution; BlackBerry AtHoc, a secure networked critical event management solution; and BlackBerry unified endpoint management (UEM) solutions.