BB.TO - BlackBerry Limited

Toronto - Toronto Delayed Price. Currency in CAD
6.83
+0.08 (+1.19%)
At close: 4:00PM EDT
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Previous Close6.75
Open6.80
Bid6.83 x 0
Ask6.84 x 0
Day's Range6.74 - 6.87
52 Week Range6.48 - 13.74
Volume956,415
Avg. Volume1,637,469
Market Cap3.745B
Beta (3Y Monthly)1.41
PE Ratio (TTM)195.14
EPS (TTM)0.04
Earnings DateDec 18, 2019 - Dec 23, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend Date1999-09-08
1y Target Est11.38
  • Blackberry touches 4-year low on earnings miss
    Yahoo Finance Video

    Blackberry touches 4-year low on earnings miss

    Shares nosediving after Blackberry reported weaker-than-expected revenue for its fiscal 2nd quarter. Yahoo Finance's Alexis Christoforous and Jared Blikre discuss.

  • PR Newswire

    BlackBerry Cylance Announces Integration with Chronicle's Backstory

    WATERLOO, Ont. , Oct. 16, 2019 /PRNewswire/ --  BlackBerry Limited (NYSE: BB; TSX: BB) today announced integration of CylancePROTECT ® and CylanceOPTICS ® with Chronicle's Backstory security analytics ...

  • Could Microsoft and BlackBerry Help Google Survive the Huawei Exit?
    Market Realist

    Could Microsoft and BlackBerry Help Google Survive the Huawei Exit?

    Microsoft joins BlackBerry in setting aside its own operating system in favor of Android. That could soften the blow to Google if Huawei exits.

  • PR Newswire

    BlackBerry Solutions Available on Microsoft Azure Marketplace

    Customers now have access to BlackBerry's suite of secure communication solutions to take advantage of the scalability, reliability and agility of Azure, driving application development and shaping business ...

  • PR Newswire

    BlackBerry UEM Now Available on AWS Marketplace

    AWS Marketplace customers now have access to unlock the potential of intelligent security across their IoT infrastructures WATERLOO, Ontario , Oct. 1, 2019 /PRNewswire/ --  BlackBerry Limited (NYSE: BB; ...

  • PR Newswire

    BlackBerry Helps Channel Partners Tap Fast Growing Cloud Market

    TSX: BB) today announced a revamped BlackBerry Enterprise Partner Program (BEPP) that gives channel partners more flexibility to capture the many valuable opportunities that come from securing the Internet of Things (IoT), a market expected to generate more than $1.1 trillion in enterprise spend by 2023, much of which is expected to come from cloud based deployments. With strong interest from customers and partners in the recently updated BlackBerry UEM Cloud, a new Silver tier has been introduced to the BEPP to enable Authorized partners to broaden their Cloud offering.  Partners who attain Silver accreditation status will gain the essential skills and knowledge necessary to onboard and support new customers on the BlackBerry UEM Platform.

  • PR Newswire

    BlackBerry Launches BlackBerry Advanced Technology Development Labs to Fuel New Cutting-Edge Security Technologies

    TSX: BB) today announced the creation of BlackBerry Advanced Technology Development Labs (BlackBerry Labs), a new business unit operating at the forefront of research and development in the cybersecurity space. Led by CTO Charles Eagan, BlackBerry Labs will include a team of over 120 software developers, architects, researchers, product leads and security experts, each working toward the common goal of identifying, exploring and creating new technologies to ensure BlackBerry is on the cutting edge of security innovation. With a strong focus on data science and machine learning, BlackBerry Labs' innovation funnel will investigate, incubate and facilitate technologies specifically designed to further the company's commitment to safety, security and data privacy for its customers.

  • TheStreet.com

    Why BlackBerry Should Still Be Avoided

    Despite appearing to be cheaper after its recent sell-off, Blackberry offers a poor risk-reward profile.

  • An Ode to Canada Tech Stocks After $6 Billion in Value Erased
    Bloomberg

    An Ode to Canada Tech Stocks After $6 Billion in Value Erased

    (Bloomberg) -- The best performing sector in Canada has lost its mojo.After eight straight months in the green, tech stocks are now on pace for their first slump this year with about C$8.3 billion ($6 billion) in market value lost -- making them the biggest losers in September.The rotation to value from growth sent stocks like Shopify Inc. on its longest losing streak on record. There was also BlackBerry Ltd.’s 30% collapse last week after reporting a massive earnings miss and forecast cut. Shopify makes up a whopping 35% of the S&P/TSX Information Technology Index, while BlackBerry has about a 3% weighting. The slump in FAANG stocks after U.S. President Donald Trump’s negative remarks about the growing power of social media platforms seeped into investor sentiment for Canadian tech too.“The pace of this recent run in technology stocks, driven in large part by the success of Shopify, was unsustainable, and likely driven in part by short covering,” said Hans Albrecht, fund manager at Toronto-based Horizons ETFs Management Canada Inc. “When that dried up the bottom fell out.”Was the epic 59% rally into August too good to be true? Sky-high valuations have slipped with the selloff but are still well above the five-year average. Shopify, which has found profit elusive, carries a forward 12-month price-earnings ratio of about 466, according to data compiled by Bloomberg.The slump may have also knocked Canadian pride down a peg or two. Shopify, along with Lightspeed POS Inc., whose shares have slumped about 38% since hitting a peak in August after pulling off one of the most successful initial public offerings in North America this year, have been held up as exhibit A and B that the country really can do tech.“Is this the end of the run for tech? Absolutely not,” Albrecht said. Unlike the U.S., Canada has a handful of tech stocks that make up a small part of the broader S&P/TSX Composite Index, pushing valuations up at an accelerated pace. “This year’s run had valuations overextend and invariably investors realize that fundamentals need to catch up at least to some extent.” The tech rally could take a pause for now and push ahead in 2020, he added.Despite the flight to value this month -- boosting heavyweights like financial and energy stocks -- last week painted a different picture -- stocks snapped their longest winning streak since April and have lost 1.2% amid political turmoil in the U.S. and evidence of slower growth in Europe.Here’s a look at what happened last week:Markets -- Just The NumbersChart of The WeekPoliticsThe federal election campaign continues in Canada as party leaders pledge tax breaks, cost reductions and corporate subsidies:Prime Minister Justin Trudeau has promised a major personal income tax break if re-elected as he tries to recover from revelations he wore blackface makeup on multiple occasions.Conservative Leader Andrew Scheer said he would “fix” the mortgage stress test if elected by reviewing it for first-time homebuyers and removing it from renewalsCanadian telcos slumped last week as Trudeau vowed to cut wireless services costs by 25% within four years. This came after the New Democratic Party indicated that it would implement price caps on mobile phone and internet services.EconomyIt was quiet on the data front with Canada’s July wholesale sales rising 1.7% to C$65.4 billion, surpassing expectations. The blockbuster figures that economists will be watching out for is July GDP data expected on Oct. 1. This comes ahead of Bank of Canada’s monetary policy decision on Oct. 30.TrendingInCanada1\. The global climate strike took place across Canada as protesters pushed politicians to adopt a climate action plan to reduce carbon dioxide emissions. Environmental activist Greta Thunberg joined the march in Montreal on Friday.Read more: Greta Thunberg Is Right, World Leaders Say, We Are Failing2\. Toronto Maple Leafs star Auston Matthews faces a disorderly conduct charge after he mooned a female security guard in Arizona.\--With assistance from Yueqi Yang and Esteban Duarte.To contact the reporter on this story: Divya Balji in Toronto at dbalji1@bloomberg.netTo contact the editors responsible for this story: Madeleine Lim at mlim131@bloomberg.net, Jacqueline Thorpe, David ScanlanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • BlackBerry stock slammed by revenue miss as earnings report highlights nonstandard numbers
    MarketWatch

    BlackBerry stock slammed by revenue miss as earnings report highlights nonstandard numbers

    BlackBerry Ltd. shares slid 22% Tuesday, after the cybersecurity company posted another loss for its fiscal second quarter and revenue that fell short of estimates, in a report that included the prominent use of non-standard numbers.

  • Thomson Reuters StreetEvents

    Edited Transcript of BB.TO earnings conference call or presentation 24-Sep-19 12:00pm GMT

    Q2 2020 BlackBerry Ltd Earnings Call

  • Bloomberg

    Fairfax’s Watsa Lost $121 Million in a Day on BlackBerry, Stelco

    (Bloomberg) -- Tuesday was a day to forget for Prem Watsa, often referred to as Canada’s Warren Buffett. His Fairfax Financial Holdings Ltd. lost more than C$160 million ($121 million) just in his top five listed Canadian investments, according to the latest filings compiled by Bloomberg.BlackBerry’s abysmal fiscal second-quarter earnings, which saw one of its staunchest bulls join the bear camp, was the prime offender. The stock fell 23% on Tuesday and extended declines Wednesday to the lowest in six years.To add to the pressure, Fairfax owns BlackBerry convertible debentures. The risk of default over the next year on the C$800 million of BlackBerry debt rose to 0.1% on Tuesday from a previous estimate of 0.021%, according to the Bloomberg Default Risk Model.The second biggest culprit was Stelco Holdings Inc., which slumped 12% on Tuesday after it terminated a $300 million high-yield bond sale, citing poor steel-market conditions. The stock was down another 1.7% Wednesday.Including today’s sell-off, Fairfax would have lost about C$196 million on its top five Canadian investments from the end of trade on Monday.“Since we started in 1985, we always take a long-term view and we believe these recent price moves are short-term fluctuations on only a few of our stock holdings,” Paul Rivett, Fairfax president, said by email. “It is also worth mentioning that half of our Blackberry position is in a convertible debenture.”Here are details of the Tuesday selloff:To contact the reporters on this story: Aoyon Ashraf in Toronto at aashraf7@bloomberg.net;Paula Sambo in Toronto at psambo@bloomberg.netTo contact the editors responsible for this story: Brad Olesen at bolesen3@bloomberg.net, Jacqueline Thorpe, David ScanlanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • CANADA STOCKS-TSX pressured by energy, tech declines; healthcare offers support
    Reuters

    CANADA STOCKS-TSX pressured by energy, tech declines; healthcare offers support

    Canada's main stock index looked set to drop for the third straight session on Wednesday, hurt by declines in energy and technology shares but losses were limited by a rise in the healthcare sector. * At 9:44 a.m. ET (1344 GMT), the Toronto Stock Exchange's S&P/TSX Composite index was down 15.12 points, or 0.09%, at 16,783.21. * The energy sector dropped 0.6%, the most among the major sectors, after oil prices fell on worries that fuel demand could fall after U.S. President Donald Trump doused recent optimism over Beijing-Washington trade talks at a time of rising U.S. crude oil stockpiles.

  • Benzinga

    Analysts Mixed On BlackBerry Following 23% Drop

    TD Securities analyst Daniel Chan maintains a Buy rating on Blackberry with a price target lowered from $14.50 to $10. Blackberry's 23% decline is "overdone" and shares are trading at 2.8 times forward revenue, Chan wrote in a note. This multiple represents a discount versus its enterprise software peers at 4.3 times, cybersecurity peers at 3.6 times and Blackberry's own historical trading average of 4.0 times.

  • Benzinga

    PreMarket Prep Recap: CarMax, BlackBerry End In The Red After Earnings

    Not only does Benzinga's PreMarket Prep Show discuss market movers and the catalysts behind those moves for the upcoming session, the crew provides a daily dose of market education. After a dry spell of earnings reports, there were a few notable reports covered on Tuesday's show. In premarket trading, CarMax, Inc (NYSE: KMX) was trading sharply higher after its second-quarter beat.

  • Hyundai-Aptiv Collab Heats Up Self-Driving Market
    Market Realist

    Hyundai-Aptiv Collab Heats Up Self-Driving Market

    The competition in the self-driving technology market just heated up again. Hyundai Motor Company (HMC) has formed a joint venture with Aptiv.

  • BlackBerry, Roku, GoPro, Shopify Down More than 5%
    Market Realist

    BlackBerry, Roku, GoPro, Shopify Down More than 5%

    It's been a bad day for small- and mid-cap tech stocks. BlackBerry, Roku, GoPro, and Shopify have lost significant market value today. Here's why.

  • BlackBerry Earnings: BB Stock Battered 20% by Revenue Miss
    InvestorPlace

    BlackBerry Earnings: BB Stock Battered 20% by Revenue Miss

    BlackBerry (NYSE:BB) earnings for the company's fiscal second quarter of 2020 has BB stock falling hard on Tuesday. Revenue of $244.00 million reported during the quarter missed Wall Street's estimate of $266.18 million. Earnings per share for the period was flat, which is slightly better than the per-share loss of one penny that analysts' were expecting.Source: Michael Vi / Shutterstock.com Let's look at some other highlights from the most recent BlackBerry earnings report. * Revenue for the quarter was up 16% YoY. * Earnings per share was down from the 2 cents reported in BB's fiscal second quarter of 2019. * Operating loss reported in during the quarter was -$43 million. * That's 19% wider than the operating loss of -$36 million from the same time last year. * Net loss in the most recent Blackberry earnings report was -$44 million. * This is a 25% greater net loss than the -$35 million reported in same period of the year prior. * Total free cash flow generated by the company during the quarter was $14 million. * BB also mentions that current CFO Steve Capelli is being given the new role of Chief Revenue Officer. * Taking his place as the next CFO will be current Deputy Chief Financial Officer Steve Rai. * This change will go into effect on Oct. 1, 2019. * 7 Stocks to Buy Under $10 BlackBerry notes that it is expecting non-GAAP revenue growth for fiscal 2020 to come in between 23% and 25%. The company says that this is due to a double-digit percentage increase in billings year-over-year and non-GAAP profitability for the fiscal year.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBB stock was down 20% as of Tuesday afternoon, which erases any gains it has made throughout the year.As of this writing, William White did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks to Buy Under $10 * 30 Marijuana Stocks to Buy as the Future Turns Green * 7 Consumer Stocks Ready to Rally Hard The post BlackBerry Earnings: BB Stock Battered 20% by Revenue Miss appeared first on InvestorPlace.

  • BlackBerry Shares Tumble on Revenue Miss
    GuruFocus.com

    BlackBerry Shares Tumble on Revenue Miss

    Struggling software company also lowers revenue outlook for the year Continue reading...

  • Barrons.com

    BlackBerry Shares Are Tumbling After Disappointing Results

    The once dominant device maker said its results were hurt by weak execution in its enterprise software and services business.

  • BlackBerry Stock Fell 17%, Q2 Revenues Miss Estimates
    Market Realist

    BlackBerry Stock Fell 17%, Q2 Revenues Miss Estimates

    BlackBerry (BB) shares fell 17% in early market trading today. The company released its results for the second quarter of 2020 ending in February.

  • Reuters

    CANADA STOCKS-TSX ticks higher on trade hopes; BlackBerry falls on weak results

    Canada's main stock index edged higher on Tuesday on hopes of resumption in the U.S.-China trade talks, although a plunge in BlackBerry's shares on weak results and a slide in oil prices capped gains. * BlackBerry's shares fell 17%, on track for their biggest percentage drop since early 2015, after the company cut the top end of its revenue forecast for the current year, hit by weak demand for its software amid increasing competition. * The energy index dropped 0.9% as oil prices fell on gloomy outlook for demand and the prospect of Saudi Arabia restoring oil output faster than anticipated following attacks last week.

  • BlackBerry Stock at 3-Year Low After Weak Quarter
    Investopedia

    BlackBerry Stock at 3-Year Low After Weak Quarter

    BlackBerry stock completed a bearish breakdown pattern after earnings and could sink deeper into the single digits in coming months.

  • Blackberry Plunges Below Devilish $6.66 on Guidance Whiff
    Bloomberg

    Blackberry Plunges Below Devilish $6.66 on Guidance Whiff

    (Bloomberg) -- BlackBerry Ltd.’s big earnings miss and lower forward guidance has the shares tumbling almost 19% to a four-year low early Tuesday.BlackBerry’s Internet-of-Things (IoT) division and Cylance cyber security unit both missed consensus estimates and contributed to the miss, according to analysts. Shares of the Waterloo, Ontario-based company fell the most since Jan. 2015 to the lowest since Oct. 2015 on a full day’s worth of volume in the first five minutes of U.S. trading.RBC analyst Paul Treiber said the company’s IP revenue was “well above” RBC and Street estimates, but “strong IP licensing revenue doesn’t offset IoT and Cylance shortfall”. Raymond James analyst Steven Li agreed and said that BlackBerry’s enterprise software group “significantly underperformed” during its fiscal second quarter.The company’s shares also tumbled during last quarter’s earnings results as sales from software and services slowed and a recent acquisition contributed less of a boost than some analysts expected.To contact the reporter on this story: Aoyon Ashraf in Toronto at aashraf7@bloomberg.netTo contact the editors responsible for this story: Brad Olesen at bolesen3@bloomberg.net, Scott SchnipperFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • CANADA STOCKS-TSX opens slightly higher, BlackBerry slides after results
    Reuters

    CANADA STOCKS-TSX opens slightly higher, BlackBerry slides after results

    Sept 24 (Reuters) - Canada's main stock index opened marginally higher on Tuesday on hopes of resumption in the U.S.-China trade talks, although a plunge in BlackBerry's shares on weak results and a slide in oil prices capped gains. At 9:30 a.m.