|Bid||11.66 x 0|
|Ask||11.67 x 0|
|Day's Range||11.59 - 11.73|
|52 Week Range||8.94 - 16.10|
|Beta (3Y Monthly)||1.75|
|PE Ratio (TTM)||77.28|
|Earnings Date||Jun 26, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||11.38|
WATERLOO, Ontario , June 18, 2019 /PRNewswire/ -- BlackBerry Limited (NYSE: BB; TSX: BB) today announced new features and capabilities for its BlackBerry Enterprise Mobility Suite that provides the trust ...
(Bloomberg) -- Software maker CrowdStrike Holdings Inc. soared in its trading debut after raising $612 million in one of the biggest-ever initial public offerings for a cybersecurity company.Shares opened at $63.50 in New York and rose as much as 97% from their IPO price to $67. The stock closed up 71% to $58 on Wednesday. That valued the company at about $11.41 billion, almost quadruple its $3 billion valuation last June when it raised about $200 million in a private funding round.CrowdStrike sold 18 million shares on Tuesday at $34 each, above its already elevated target range, the company said in a statement confirming an earlier report by Bloomberg. The Sunnyvale, California-based company had marketed the shares for $28 to $30, a target range it had earlier raised from $19 to $23.Founded in 2011 by former McAfee Inc. executives, CrowdStrike makes software to protect clients from cyberattacks, including predicting and detecting potential hacks. Its clients include Amazon.com Inc. and HSBC Holdings Plc, according to its filings.CrowdStrike Chief Executive Officer George Kurtz said he expects continued interest in the company partly because of geopolitical events, which will prompt governments and businesses to review their security.“The stock is going to move.” Kurtz said. “We just need to stay focused on the long term -- protecting our customers from breaches.”Cyber RankingThe IPO is the fourth-largest by a cybersecurity firm, according to data compiled by Bloomberg. The largest was Avast Plc’s 602 million pound ($856 million) listing in London last year. The only other IPOs topping CrowdStrike’s were Gemalto NV’s 515 euro ($631 million) offering in 2004 and a 352 pound listing by Sophos Group Plc in London in 2015.CrowdStrike’s value approaches that of Symantec Corp. the maker of Norton antivirus software. Symantec, which went public in 1989 in a $16.5 million IPO, is currently valued at $11.86 billion.Some of CrowdStrike’s peers were buoyed by its gains. Carbon Black Inc. climbed as much as 4.4% while BlackBerry Ltd., which agreed to buy Cylance Inc. last year, was up as much as 8.1%.Like many in this year’s crop of tech companies going public, CrowdStrike is unprofitable. It reported a net loss of $140 million on revenue of $250 million for the year ended Jan. 31, compared with a net loss of $135 million on revenue of $119 million in the same period a year earlier, its filings with the U.S. Securities and Exchange Commission show.IPO WaveUber Technologies Inc.’s $8.1 billion offering is the year’s biggest, followed by smaller ride-hailing rival Lyft Inc.’s $2.34 billion IPO as well as the $2.9 billion listing by Avantor Inc., a chemical maker for the life sciences industry. Other tech-related listings this year have included Pinterest Inc. and Zoom Video Communications Inc. So far the results have been mixed for investors: While Lyft has crashed 19% from its offer price, Zoom Video remains the fourth-best performing U.S. IPO of 2019, with its shares up 185%.Slack Technologies Inc. is set to go public next week in an unusual direct listing that, according to people familiar with the matter, could value it at $16 billion to $17 billion. Other tech related companies considering IPOs include Peloton Interactive Inc., Postmates Inc. and WeWork Cos.CrowdStrike has said that it had raised $200 million in a funding round led by General Atlantic, Accel and IVP that valued the business at more than $3 billion. Alphabet Inc.’s growth equity arm CapitalG also took part in the fundraising. The company has raised more than $450 million since its founding, according to data compiled by Bloomberg.Because CrowdStrike’s Class B stock carry 10 votes per share compared to one each for Class A shares, executives directors and current investors will control about 75% of the voting rights of the company after the IPO, according to the filing.CrowdStrike’s IPO was led by Goldman Sachs Group Inc., JPMorgan Chase & Co., Bank of America Corp. and Barclays Plc. The company’s shares trade on the Nasdaq Global Select Market under the symbol CRWD.(Updates with CEO’s comments in fifth paragraph.)\--With assistance from Jeran Wittenstein, Ellen Huet and Sonali Basak.To contact the reporters on this story: Crystal Tse in Hong Kong at firstname.lastname@example.org;Liana Baker in New York at email@example.comTo contact the editors responsible for this story: Elizabeth Fournier at firstname.lastname@example.org, Michael Hytha, Matthew MonksFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
On CNBC's "Fast Money Halftime Report," Jon Najarian spoke about unusually high options activity in BlackBerry Ltd (NYSE: BB). Najarian bought the calls and he is planning to hold them for a week. Learn from Jon Najarian and other traders in person at the Benzinga Global Trading & Investing Summit June 20 in New York City!
What Can Investors Expect from BlackBerry in the First Quarter?(Continued from Prior Part)BlackBerry stock returnsBlackBerry (BB) stock has burnt significant investor wealth over the years. Its decline in the smartphone market was nothing less than
WATERLOO, Ontario , June 12, 2019 /PRNewswire/ -- BlackBerry Limited (NYSE: BB; TSX: BB) will report results for the first quarter of fiscal year 2020 at 8 a.m. ET on Wednesday, June 26, 2019 . The conference ...
What Can Investors Expect from BlackBerry in the First Quarter?(Continued from Prior Part)Shift to software and servicesBlackBerry (BB) was initially a market leader in the smartphone space. However, competition from tech giants such as Apple and
What Can Investors Expect from BlackBerry in the First Quarter?(Continued from Prior Part)Enterprise Software and ServicesBlackBerry (BB) is a leader in secure communications solutions. Its Enterprise Mobility Suite integrates mobile security,
What Can Investors Expect from BlackBerry in the First Quarter?(Continued from Prior Part)Revenue estimated to rise by 24.7% in fiscal 2020BlackBerry was once the market leader in the smartphone market. However, the entry of tech giants such as
What Can Investors Expect from BlackBerry in the First Quarter?Revenue estimated to rise by 21.9% BlackBerry (BB) is scheduled to report its fiscal 2020 (year ending in February) first-quarter earnings results on June 28. Analysts expect the
WASHINGTON , June 11, 2019 /PRNewswire/ -- BlackBerry Limited (NYSE: BB; TSX: BB) today announced its new BlackBerry Government Mobility Suite, which is a cloud-based endpoint management solution developed ...
WATERLOO, Ont. , June 10, 2019 /PRNewswire/ -- BlackBerry Limited (NYSE: BB; TSX: BB) will hold its Annual Meeting of Shareholders on Monday, June 24, 2019 at 10 a.m. ET in Waterloo, Ontario . There will ...
In 2013 John Chen was appointed CEO of BlackBerry Limited (TSE:BB). First, this article will compare CEO compensation...
WATERLOO, Ontario , June 6, 2019 /PRNewswire/ -- BlackBerry Limited (NYSE: BB; TSX: BB) announced today its support of Canada's Digital Charter and that it has been recognized by the Government of Canada ...
BlackBerry Ltd NYSE:BBView full report here! Summary * Bearish sentiment is low Bearish sentimentShort interest | PositiveShort interest is low for BB with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | NeutralETF activity is neutral. ETFs that hold BB had net inflows of $598 million over the last one-month. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Technology sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
WATERLOO, Ontario , May 22, 2019 /PRNewswire/ -- BlackBerry Limited (NYSE:BB: TSX:BB) today announced Forrester found that BlackBerry Cylance's AI-driven endpoint security products delivered a 99 percent ...
If you're interested in BlackBerry Limited (TSE:BB), then you might want to consider its beta (a measure of share...
Company Becomes First Endpoint Security Provider To Complete Assessment To Deliver Native AI Security to Australian Federal Agencies WATERLOO, Ontario , April 29, 2019 /PRNewswire/ -- BlackBerry Cylance, ...
"Market volatility has picked up again over the past few weeks. Headlines highlight risks regarding interest rates, the Fed, China, house prices, auto sales, trade wars, and more. Uncertainty abounds. But doesn’t it always? I have no view on whether the recent volatility will continue for a while, or whether the market will be back […]
BlackBerry Ltd (NYSE: BB ) reiterated its Enterprise of Things, or EoT, strategy at its analyst day in San Ramon, California. While there was excitement around the acquisition of software company Cylance, ...