BB - BlackBerry Limited

NYSE - NYSE Delayed Price. Currency in USD
4.8400
+0.0400 (+0.83%)
At close: 4:00PM EDT
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Price Crosses Moving Average

Price Crosses Moving Average

Performance Outlook
  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close4.8000
Open4.9900
Bid0.0000 x 45900
Ask5.0000 x 29200
Day's Range4.7400 - 4.8650
52 Week Range2.7000 - 7.7600
Volume2,478,701
Avg. Volume5,296,440
Market Cap2.675B
Beta (5Y Monthly)1.04
PE Ratio (TTM)N/A
EPS (TTM)-1.3940
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est5.72
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
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  • Is BlackBerry Stock a Buy Right Now? This Is What You Need To Know
    SmarterAnalyst

    Is BlackBerry Stock a Buy Right Now? This Is What You Need To Know

    Can BlackBerry (BB) become the stock market’s Liverpool FC? For anyone following the English Premier League, after 30 barren years and one global pandemic, soccer giants Liverpool finally clinched the premier league title last week. Might the maker of the once iconic smartphone be able to also rekindle former glories?Since leading the handset market and peaking at an all-time high of $147.55 per share – all the way back in June 2008 – the landscape has irrevocably changed. BlackBerry has changed direction since and is now ostensibly a security software specialist. The share price has changed direction too, down now in penny stock territory, with another disappointing year in tow – shares have dropped by 25% in 2020.The former glories will be hard to replicate, and although last week’s Q1F2021 earnings report was a step in the right direction, the results were still a mixed bag.In the quarter, BlackBerry’s revenue declined year-over-year by 20% to $214 million, lower than the Street’s call for $216.8 million. The company managed a beat on the bottom line, with Non-GAAP EPS of $0.02 beating consensus by $0.04.As expected, the quarter was marred by the ruinous effect of the coronavirus. Auto market macro headwinds translated into weak sales for the company’s QNX auto software platform. Although ESS (enterprise software and services) managed to offset QNX weakness due the remote working environment. BlackBerry has noted the auto and other embedded sectors are witnessing improving trends and expect sales for QNX to pick up as the year progresses.So does Canaccord’s Michael Walkley. Although the 5-star analyst anticipates “steady improvement throughout the year,” there is still much to be done to change overall sentiment.Walkley said, “While management has created a cogent long-term strategy and the shares are potentially compelling for longer-term-oriented investors, we await more proof in execution on the new product roadmap, evidence cross-selling opportunities emerge, stabilizing to growing ESS sales, recovering QNX sales, and the potential for upside to our estimates before becoming more constructive on the shares.”All in all, Walkley reiterated a Hold on BlackBerry shares, along with a $6 price target. The implication for investors? Upside of 23%. (To watch Walkley’s track record, click here)The rest of the Street backs up Walkley’s call. All 9 analysts tracked over the last 3 months recommend a Hold. With an average price target of $5.38, the analysts forecast upside of 10% over the next 12 months. (See Blackberry stock analysis on TipRanks)To find good ideas for stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights. More recent articles from Smarter Analyst: * The Rise of E-Commerce and Cloud Services Positions Amazon (AMZN) for the Win * Facebook Faces More Ad Boycotts, But This Analyst Expects Minimal Impact * 3 "Strong Buy" Penny Stocks With Explosive Upside Ahead * Heron Therapeutics: HTX-011 Will Eventually Be Approved, Says Analyst

  • Barrons.com

    A Green Light for Shares of Sherwin-Williams

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  • After BlackBerry's Mixed Q1, BofA Says Its Valuation Reflects Risk
    Benzinga

    After BlackBerry's Mixed Q1, BofA Says Its Valuation Reflects Risk

    BlackBerry Ltd (NYSE: BB) reported light first-quarter revenue while still delivering an earnings beat. The company's QNX auto software segment came under pressure due to a slowdown in auto production, while the traditional Enterprise segment remained flat, according to BofA Securities.The BlackBerry Analyst Daniel Bartus maintained a Neutral rating on BlackBerry with an unchanged $5.50 price target. The BlackBerry Thesis BlackBerry's low organic growth and the risks associated with its exposure to highly competitive markets are reflected in the stock valuation, Bartus said in a Thursday note. (See his track record here.)The company reported mixed first-quarter results, with revenue of $214 million missing the Street estimate of $215.3 million.Despite gross margins coming in weaker than expected, operating margins outperformed due to a 26% decline in BlackBerry's sales and marketing spend, the analyst said. The QNX auto software segment was hurt by a slowdown in royalties that accrue to BlackBerry upon auto production and pauses in key partner projects, he said. BofA estimates that QNX sales have declined as much as 55%, Bartus said. View more earnings on BBBlackBerry indicated the traditional enterprise segment was roughly flat.The AtHoc crisis communications segment has growth potential due to COVID-19 and BlackBerry offering it as a managed service, the analyst said.Bartus also expects Cylance to return to growth, as it is also now being delivered as a managed service and with new added endpoint detection and response capabilities.BB Price Action Shares of BlackBerry ended Thursday's session down 1.42% at $4.85.Related Links:30 Stocks Moving in Thursday's Pre-Market SessionA Peek Into The Markets: US Stock Futures Flat Following Wednesday's SlumpPhoto courtesy of BlackBerry.Latest Ratings for BB DateFirmActionFromTo Jun 2020B of A SecuritiesMaintainsNeutral Apr 2020Canaccord GenuityMaintainsHold Apr 2020CFRAMaintainsHold View More Analyst Ratings for BB View the Latest Analyst Ratings See more from Benzinga * Apple's Patent Activity Points To Broad Product Development, Says Bullish BofA * BofA Raises Splunk Target On Annual Recurring Revenue Growth * Cantor Raises Aurora Cannabis Target After Guidance Update(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • BlackBerry (BB) Q1 Earnings Beat Estimates, Revenues Fall Y/Y
    Zacks

    BlackBerry (BB) Q1 Earnings Beat Estimates, Revenues Fall Y/Y

    In first-quarter fiscal 2021, BlackBerry's (BB) QNX bears the brunt of macro headwinds in the auto and other embedded sectors.

  • BlackBerry (BB) Q1 Earnings and Revenues Surpass Estimates
    Zacks

    BlackBerry (BB) Q1 Earnings and Revenues Surpass Estimates

    BlackBerry (BB) delivered earnings and revenue surprises of 200.00% and 2.39%, respectively, for the quarter ended May 2020. Do the numbers hold clues to what lies ahead for the stock?

  • Investing.com

    BlackBerry Earnings Beat, Revenue Misses In Q1

    Investing.com - BlackBerry (NYSE:BB) reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.

  • BlackBerry Gains After-Hours Following Mixed Q1 Report
    Benzinga

    BlackBerry Gains After-Hours Following Mixed Q1 Report

    BlackBerry Ltd (NYSE: BB) reported quarterly earnings of 2 cents per share Wednesday, which beat the analyst consensus estimate by a penny.The company reported quarterly sales of $214 million, which missed the analyst consensus estimate of $216.8 million by 1.29%. This is a 19.85% decrease over sales of $267 million the same period last year."BlackBerry QNX was impacted by macro headwinds in the auto and other embedded sectors but we are starting to see signs of a recovery," CEO John Chen said in a statement. "On the enterprise front, we saw good demand from customers who recognized the necessity for BlackBerry's security, business continuity, and productivity solutions in an increasingly remote working environment. BlackBerry is capitalizing on the secular trends of securing and connecting endpoints."BlackBerry shares lost 3.53% to end Wednesday's session at $4.92 and was up 1.83% at $5.01 during the after-hours session at the time of publication. View more earnings on BBThe stock has a 52-week high of $8.50 and a 52-week low of $2.70 per share.Related Links:BlackBerry Reports Q1 Earnings BeatBlackBerry Trades Higher On Mixed Q3 PrintPhoto courtesy of BlackBerry. See more from Benzinga * KB Home Reports Mixed Q2, Says Housing Demand Resilient * Why Castor Maritime's Stock Is Trading Lower Today * Why Workhorse's Stock Is Trading Higher Today(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • Reuters

    Canada's BlackBerry quarterly revenue misses estimates on virus hit

    U.S.-listed shares of the Canadian company, which sells security software to companies and governments as well as infotainment software to carmakers, were down about 3% after the bell. Light vehicle sales in the United States, among BlackBerry's biggest markets, fell nearly 27% in March from a month earlier. The quarter also benefited from strong demand for BlackBerry's enterprise security software as companies spent more on bolstering IT security to protect data of employees now working remotely.

  • BlackBerry Reports Fiscal 2021 First Quarter Results
    PR Newswire

    BlackBerry Reports Fiscal 2021 First Quarter Results

    BlackBerry Limited (NYSE: BB; TSX: BB) today reported financial results for the three months ended May 31, 2020 (all figures in U.S. dollars and U.S. GAAP, except where otherwise indicated).

  • ACCESSWIRE

    BlackBerry Ltd. to Host Earnings Call

    NEW YORK, NY / ACCESSWIRE / June 24, 2020 / BlackBerry Ltd. (NYSE:BB) will be discussing their earnings results in their 2021 First Quarter Earnings call to be held on June 24, 2020 at 5:30 PM Eastern ...

  • BlackBerry's Software Gains Prominence in the Auto Industry
    Zacks

    BlackBerry's Software Gains Prominence in the Auto Industry

    Leading automakers use BlackBerry's (BB) QNX software in their advanced driver assistance, digital instrument clusters, connectivity modules, handsfree and infotainment systems.

  • BlackBerry Announces Election Results for the Company's Board of Directors
    PR Newswire

    BlackBerry Announces Election Results for the Company's Board of Directors

    BlackBerry Limited (NYSE: BB; TSX: BB) announced today that the nine nominees listed in the company's management proxy circular dated May 8, 2020, for the company's annual and special meeting of shareholders held on June 23, 2020, were elected as directors to serve until BlackBerry's next annual shareholder meeting or until their successors are elected or appointed. The detailed results of the vote are set out below.

  • BlackBerry (BB) to Report Q1 Earnings: What's in the Cards?
    Zacks

    BlackBerry (BB) to Report Q1 Earnings: What's in the Cards?

    BlackBerry's (BB) first-quarter fiscal 2021 results are likely to reflect the impact of COVID-19 on its business as well as in the global auto production and sales.

  • Frost & Sullivan Report Finds BlackBerry Solutions Address 96% of the Enterprise Threat Landscape
    PR Newswire

    Frost & Sullivan Report Finds BlackBerry Solutions Address 96% of the Enterprise Threat Landscape

    BlackBerry Limited (NYSE: BB; TSX: BB) today announced findings from an independent Frost & Sullivan report which concludes that BlackBerry can secure all IoT endpoints, and upwards of 96% of all cyberthreats.

  • BlackBerry QNX Software Now Embedded in More Than 175 Million Vehicles
    PR Newswire

    BlackBerry QNX Software Now Embedded in More Than 175 Million Vehicles

    BlackBerry Limited (NYSE: BB; TSX: BB) today announced that its QNX® software is now embedded in more than 175 million cars on the road today. This is an increase of 25 million cars since the company last reported its automotive footprint in June 2019.

  • BlackBerry Introduces AtHoc Managed Service; Offers Crisis Communications Solutions for All Organizations
    CNW Group

    BlackBerry Introduces AtHoc Managed Service; Offers Crisis Communications Solutions for All Organizations

    BlackBerry Introduces AtHoc Managed Service; Offers Crisis Communications Solutions for All Organizations

  • Investors in Canada Turn to Sustainable Investing Amid Protests
    Bloomberg

    Investors in Canada Turn to Sustainable Investing Amid Protests

    (Bloomberg) -- Sustainable investing is exploding in Canada as the coronavirus and an anti-racism movement highlight long-standing social inequalities.Net inflows into Canadian exchange-traded funds that track companies focusing on environmental, social and governance factors has surged to C$740 million ($544 million). That has already outstripped the C$200 million invested in 2018 and the C$142 million last year, excluding seed capital, according to TD Securities Inc. With 15 new ESG products launched in Canada this year, investors now have 38 ETFs focused on impact investing to choose from.“In a time where the conscious investor is experiencing and observing a great deal of social and economic change, funds that provide exposure to companies that are aware of the environmental, social, and governance impact of their businesses have increased in popularity,” said TD analyst Andres Rincon.Covid-19 has hit the weakest and lowest-paid the hardest, and investors are taking a closer look at how companies pay and treat workers, community engagement and support during the outbreak and whether corporations have been agile enough to rework their manufacturing facilities to make personal protection equipment.Global protests on systemic racism are also shining a light on the stark difference in companies’ diversity efforts. Both are bringing the ‘S’ in ESG investing front and center.“The pandemic has reinforced the importance of taking ESG into consideration when assessing corporate strategy, operational risks and competitive positioning,” said Bloomberg Intelligence analyst Adeline Diab during a live Bloomberg Q&A on ESG investing this week.Click here for a transcript on an ESG Investing Q&A via Bloomberg’s live blogAnd despite a rout at the end of the first quarter that saw global stock markets plunge on coronavirus concerns, ESG ETFs in Canada saw “great momentum in their asset-gathering potential,” signaling that investors are sticking to their bets on social and responsible investing, said Rincon.ESG flows worldwide have been mimicking gold, acting as a haven in times of market upheaval, Diab said during the Q&A. The vehicles may even increasingly be considered an alternative to low-volatility strategies in a market downturn, according to a report she published in April.“Although Covid-19 is not yet in the rear-view mirror, it is fair to say that the pandemic has further cemented a loyal base of investors in ESG ETFs and has increased the legitimacy of responsible investing,” Rincon said.Here’s what happened in Canada this week.Markets -- Just the NumbersChart of the WeekEconomyCanadian retail sales posted a historic drop in April, falling 26% during a full month of business closures and strict physical distancing measures, though sales rebounded in May based on preliminary data.Inflation moved further into negative territory as Canada’s retail stores began to reopen from the Covid-19 lockdowns with discounts to entice shoppers. The consumer price index fell 0.4% from the same month a year earlier. That compares with a 0.2% drop in AprilBank of Canada Governor Tiff Macklem said a full recovery is a long way off for the country’s economy, requiring interest rates to remain at historical lows indefinitely. Speaking in his first public appearance since taking the helm at the central bank on June 3, Macklem said the biggest risk to the country’s outlook is that the policy response would be too weak, unnecessarily prolonging the crisis.Canadian home sales saw a 57% increase in May from the prior month. Transactions for existing properties reached 26,111 in the month, still down 40% from a year earlier and at the lowest level for May since 1996.PoliticsPrime Minister Justin Trudeau has faced the perfect storm this week as Canada’s tension with China kicks up a notch.Chinese authorities have indicted two Canadians on spying allegations, pressing ahead with a case diplomatically entwined with U.S. efforts to extradite a top Huawei Technologies Co. executive from Canada.Canadian officials are also investigating after China said it discovered pests in shipments of hardwood and softwood. The move comes three weeks after a judge ruled that extradition proceedings may continue against Huawei’s chief financial officer Meng Wanzhou and is raising concerns the pest issue may be politically-motivated.(Updates to include weekly market moves.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

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  • Shopify Teams Up With Blackberry On Canadian Covid-19 App
    SmarterAnalyst

    Shopify Teams Up With Blackberry On Canadian Covid-19 App

    Canadian Prime Minister Justin Trudeau has revealed that the government has been working with Canadian tech giants Shopify (SHOP) and BlackBerry (BB) on a contact-tracing Covid-19 app to be launched early July.“It will be up to individual Canadians to decide whether to download the app or not, but the app will be most effective when as many people as possible have it,” Trudeau stated during Thursday’s daily briefing, as Covid-19 cases in Canada officially reached 100,000.He added that it would be ‘extraordinary useful’ if half of Canadians sign up. “There are over 30 million smartphones that could take this app in Canada, so we can talk about a significant portion of the Canadian population that could be protected by this app” the Prime Minister said.The app, named COVID Alert, will first be launched in Ontario, then rolled out to the rest of the country. Users voluntarily upload Covid-19 test results to the app, which then sends anonymized updates to anyone with the app who came into contact with positive test cases within the last two weeks. Ontario Premier Doug Ford called the app “100% private.”Shopify commented that company volunteers are helping develop the app, saying it is “not a Shopify initiative.” “The national app will be owned and operated by the government of Canada in cooperation with the provinces and territories,” said SHOP spokeswoman Sheryl So. Meanwhile BlackBerry is conducting the security review.Shares in e-commerce software company Shopify have more than doubled year-to-date, and as a result, analysts have a cautiously optimistic Moderate Buy consensus on SHOP’s outlook. The $688 average analyst price target indicates downside potential of 20% from current levels. (See SHOP stock analysis on TipRanks).However, RBC Capital analyst Mark Mahaney believes the Street is underappreciating Shopify’s potential. “Despite a doubling in its share price YTD, we believe the market still underappreciates three things about SHOP: its TAM (total addressable market), its Take Rate Potential, and its Operating Margin potential…and hence its EPS power” he explained. The analyst now sees shares powering higher to $1,000.Related News: DraftKings Reveals Pricing, Upsizing of $1.6B Public Offering T-Mobile Declares $4 Billion Sale Of Senior Secured Notes Marathon- Speedway Sale Reportedly Back In Play; RBC Says Deal ‘Clear Positive’ More recent articles from Smarter Analyst: * Is BlackBerry Stock a Buy Right Now? This Is What You Need To Know * Google Snaps Up Canadian Smart Glasses Startup North * AMC Delays Theatre Openings; Top Analyst Cuts Price Target * Inovio Presents ‘Positive’ Early Data For Covid-19 Vaccine Candidate; Shares Plunge 12%

  • BlackBerry Deploys Malware Detection System With Intel Tie-Up
    Zacks

    BlackBerry Deploys Malware Detection System With Intel Tie-Up

    BlackBerry (BB) collaborates with Intel to launch BlackBerry Optics v2.5.1100, a cryptomining and cryptojacking detection system, designed for Intel-based commercial computers.

  • Zacks Market Edge Highlights: Armstrong Flooring, BlackBerry, Calumet Specialty Products, Comstock Resources and Xcel Brands
    Zacks

    Zacks Market Edge Highlights: Armstrong Flooring, BlackBerry, Calumet Specialty Products, Comstock Resources and Xcel Brands

    Zacks Market Edge Highlights: Armstrong Flooring, BlackBerry, Calumet Specialty Products, Comstock Resources and Xcel Brands

  • Hedge Funds Aren’t Crazy About BlackBerry Limited (BB) Anymore
    Insider Monkey

    Hedge Funds Aren’t Crazy About BlackBerry Limited (BB) Anymore

    We at Insider Monkey have gone over 821 13F filings that hedge funds and prominent investors are required to file by the SEC The 13F filings show the funds' and investors' portfolio positions as of March 31st, near the height of the coronavirus market crash. In this article, we look at what those funds think […]