BB - BlackBerry Limited
7.12 0.00 (0.00%)
After hours: 7:13PM EDT
| Previous Close | 7.08 |
| Open | 7.10 |
| Bid | 7.11 x 36200 |
| Ask | 7.12 x 1000 |
| Day's Range | 7.01 - 7.15 |
| 52 Week Range | 6.57 - 12.00 |
| Volume | 4,769,653 |
| Avg. Volume | 4,722,625 |
| Market Cap | 3.914B |
| Beta (3Y Monthly) | 1.74 |
| PE Ratio (TTM) | 47.47 |
| EPS (TTM) | N/A |
| Earnings Date | N/A |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | N/A |
- InvestorPlace•3 days ago
5 Self-Driving Car Stocks to Buy
[Editor's note: "5 Self-Driving Car Stocks to Buy" was previously published in May 2019. It has since been updated to include the most relevant information available.]Full-blown autonomous driving won't be here tomorrow, but it's certainly on the way. The technology has drawn mixed emotions from consumers. Some don't trust it and aren't excited for a computer to navigate the vehicle that they're in. Others are embracing the technology and can't wait for it to happen. That's one reason they're looking for self-driving car stocks to buy.For all the doubters out there, though, please realize this technology is coming. I know this for two reasons: that it will save lives and save money. Almost 40,000 people die in the United States each year due to automotive accidents, an unacceptable level of fatalities. My hope is that one day we look back and say we can't believe how high that number used to be.InvestorPlace - Stock Market News, Stock Advice & Trading TipsUltimately, self-driving cars will cut that number down. It's why we have hundreds of companies collectively pouring billions of dollars into the solution. It will increase productivity, improve safety and decrease logistics costs. Simply put, it would be crazy to ignore this opportunity. * 10 Retirement Stocks That Won't Wilt in a Bear Market With that said, let's examine some autonomous car stocks to buy.Source: Waymo Alphabet (GOOGL,GOOG)Alphabet (NASDAQ:GOOGL, NASDAQ:GOOG) should be considered the leader of the self-driving car movement. It's the first major company that devoted major dollars to establishing a program for an autonomous fleet and it's no surprise that it's still the leader a decade later.After launching its own segment, Waymo, the company has seen the unit's valuation soar. More than one analyst has pegged its valuation at more than $100 billion. Morgan Stanley analysts hold the top valuation mark for now, saying Waymo could be valued at up to $175 billion.It operates the only commercial autonomous vehicle program in the country and has plans to expand globally. Waymo is also eyeing the semi truck market for its autonomous vehicle services and licensing to automakers isn't out of the question down the road.Simply put, this company is leading the pack. If you want exposure to just one company with a rock-solid balance sheet and exposure to self-driving cars, GOOGL is the stock to buy.Source: Shutterstock General Motors (GM)Widely considered in second place for autonomous driving commercial services in the U.S. is Cruise, a subsidiary of General Motors (NYSE:GM).GM acquired Cruise for roughly $1 billion in August 2016. Following investments from SoftBank and Honda (NYSE:HMC) in 2018 though, the valuation has soared all the way up to $14.6 billion. Talk about a return on investment. GM CEO Mary Barra has proven she can lead an innovative team while also making savvy acquisitions when needed.Cruise gives GM a viable commercial autonomous taxi option for the future, while the company's own self-driving technologies -- like Super Cruise in its Cadillac line -- have proven to be an industry leader as well. GM is among those fighting for a spot at the top when it comes to autonomous driving and that shouldn't come as a surprise. * 10 Retirement Stocks That Won't Wilt in a Bear Market Just when everyone wants to dump the automaker, it comes out with strong guidance for the quarter and for fiscal 2019. Then it tops Q4 estimates and reiterates guidance. The valuation is low with a single-digit P/E ratio and the dividend is high with a 3.9% yield. GM could be a good stock to buy if it sees a large pullback this year.Source: Shutterstock Nvidia (NVDA)After making its name in gaming and computer chips for years, Nvidia (NASDAQ:NVDA) quickly found itself in the dog house, falling about 50% in the fourth quarter. What a brutal beating for investors. Nvidia stock then recovered in Q1, but has since retreated againHowever, it gives investors -- particularly those looking for self-driving car stocks to buy -- an opportunity to invest in a long-term theme on the cheap. Despite the drumming Nvidia has received following its inventory-related issues, there's no denying its position among the autonomous driving leaderboard.Unlike GM and Waymo though, Nvidia does not have its own autonomous taxi service. Instead, it's building hardware and software solutions for hundreds of customers focused on self-driving cars. Put simply, it requires a mind-boggling amount of input and power to operate a self-driving vehicle. Whether it's an automaker, research team or startup, many of these companies are leaning on Nvidia as the backbone to their self-driving aspirations.As such, Daimler (OTCMKTS:DDAIF), maker of Mercedes-Benz, has partnered with Nvidia for its autonomous driving and self-driving taxi ambitions. Look for automotive revenue to continue increasing for the foreseeable future for Nvidia.Source: stargazer2020 via Flickr Intel (INTC)Like Nvidia, Intel (NASDAQ:INTC) is not building its own autonomous driving platform. However, the company is working on components that will help other companies build its own self-driving systems.Various chips are on the way and Intel's $15.3 billion acquisition of Mobileye is helping lead its charge. The company made the costly acquisition in order to bolster its portfolio in the automotive segment and give itself a chance in the self-driving car race.While Intel may not get much of the spotlight, it is worth mentioning the company's advances. During the Autonomous Vehicles 2018 conference in Detroit, MI. In August, I witnessed the company's breakdown of its Responsibility-Sensitive Safety program (RSS). Acting as a reactionary system for autonomous driving, it helps improve safety and mitigate risk. It's not perfect, but it was an impressive program to watch at work.Intel also has deals in the pipeline. In 2018, Intel agreed that it will supply its relatively new EyeQ5 chip in 8 million vehicles for a so-far unnamed European automaker. The deal won't begin until 2021 and while the terms weren't disclosed, 8 million cars is a lot of vehicles. Consider that U.S. consumers buy about 17 million new models per year. * 10 Retirement Stocks That Won't Wilt in a Bear Market In other words, Intel has a future in the autonomous driving space, making it a good stock to buy.Source: BlackBerry BlackBerry (BB)This list doesn't have to be five stocks long -- it could be 25 without an issue. There are so many companies involved, many don't even realize it. There's cloud and data companies, automakers, semiconductor manufacturers, OEM suppliers, chip makers and a long list of others that are involved.That said, we could have listed Tesla (NASDAQ:TSLA), Baidu (NASDAQ:BIDU) for its Apollo driving program, NXP Semiconductor (NASDAQ:NXPI) and a whole host of others. But let's talks about BlackBerry (NYSE:BB) because it doesn't get much love when talking about self-driving car stocks to buy.BlackBerry is a software and security play. After talking up Jarvis at last year's Detroit Auto Show (in 2018), the discussion has admittedly faded somewhat. However, BlackBerry is already in tens of millions of vehicles and is partnering with some of the largest automakers in the world. When -- not if -- autonomous driving hits its stride, security will be one of the top concerns for automakers.With BlackBerry having an excellent reputation in this regard, it will be (and to some extent, already is) a go-to stock to buy in automotive software security. Autonomous vehicles are essentially computers on wheels and that's a big deal for a company like BlackBerry, making it a good stock to buy.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long GOOGL and NVDA. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Tech Stocks That Are Still Worth Your Time (And Money) * 7 Marijuana Stocks With Critical Levels to Watch * 7 of the Best Smart-Beta ETFs to Target Right Now The post 5 Self-Driving Car Stocks to Buy appeared first on InvestorPlace.
- Motley Fool•8 days ago
Don't Waste Your Money on Penny Stocks: These 3 Stocks Are Better Buys
These top prospects are more likely to outperform the stock market.
- Zacks•11 days ago
BlackBerry (BB) Introduces CylanceGUARD to Monitor Threats
BlackBerry's (BB) CylanceGUARD solution simplifies complex technologies and workflows while reducing the time it takes to act against attack proliferation.
- InvestorPlace•12 days ago
5 Top Stock Trades for Thursday: AMD, DAL, C, BB
Federal Reserve Chair Jerome Powell talked about an accommodative stance, which to investors' ears sounds a lot like "rate cut." That got equities moving higher in morning trade, where the S&P 500 cracked 3,000 for the first time. However, bulls were not able to maintain their sugar high into the afternoon, with stocks giving up some of those gains. Let's take a look at a few top stock trades. Top Stock Trades for Tomorrow 1: Advanced Micro Devices Click to EnlargeThe burst higher in Advanced Micro Devices (NASDAQ:AMD) should be no surprise to InvestorPlace readers, as we lined this one up a few days ago as a solid trade. And for investors, they were able to turn a quick 12% on AMD in less than a month.InvestorPlace - Stock Market News, Stock Advice & Trading TipsNow what?Shares don't look to be tiring much, but they are running into resistance in this $33 to $34 area. If it can push through, rallying up to $35+ for instance, then I would look to see if this prior resistance zone can begin acting as support. If that plays out, it bodes well for higher prices. * 7 Retail Stocks to Buy for the Second Half of 2019 Below $33 and bulls may have to wait for a retest of the 20-day moving average and/or uptrend support. Top Stock Trades for Tomorrow 2: Citigroup Click to EnlargeFor the last 18 months, the $71.50 to $72 area has been acting as resistance for Citigroup (NYSE:C). That's been the ceiling this whole month, even after Citigroup raised its buyback and dividend.Bulls are hoping shares can breakout and push through this mark. If it does, a run to channel resistance (blue line) near $74 is on the table. That will also put C stock near its 52-week highs around $73.73.Should shares pullback, see if C stock finds support at its 20-day moving average. Below and its 50-day moving average comes into play. Top Stock Trades for Tomorrow 3: BlackBerry Click to EnlargeThe action in BlackBerry (NYSE:BB) has been pretty ugly. At the end of June, shares raced up to $9, but were swiftly batted lower by the 50-week and 200-week moving averages.We flagged that as a major warning sign and with BB stock now flirting with last month's lows, $6.50 range support looks to be a possibility. See if the stock hold this $7.10-ish area. Below and it's a no-touch until support comes into play. Top Stock Trades for Tomorrow 4: WD-40 Click to EnlargeShares of WD-40 Company (NYSE:WDFC) jumped higher on better-than-expected earnings results, up more than 10% at one point.The stock backed off the $180 level, which isn't too surprising considering how much resistance seems to be sitting between $180 and $182.50. On the plus side, WDFC is now above all three major moving averages and is responding well to its earnings report.I would be more inclined to sell the rally into $182.50 if it gets there this week. Otherwise, let's see where this stock bases from here. A breakout over $183 could trigger a move to the highs near $186.18. Top Stock Trades for Tomorrow 5: Delta Air Lines Click to EnlargeDelta Air Lines (NYSE:DAL) is set to report earnings on Thursday morning, and optimism is high heading into the report. Management recently gave a positive update, and American Airlines (NYSE:AAL) issued positive data on Wednesday.This $58 to $59 area has been resistance for Delta, so it would be extremely encouraging to see it hold as support going forward. Of course, earnings will play a large role in the upcoming action. * The S&P 500's 5 Best Highest-Yielding Dividend Stocks The options market is pricing in a ~3.5% move by Friday's close, so it will be interesting to see if it can hold this mark. If it doesn't, let's see if either the 10-week or the 50-week moving average can support it.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Buy on College Students' Radars * 7 Retail Stocks to Buy for the Second Half of 2019 * The S&P 500's 5 Best Highest-Yielding Dividend Stocks The post 5 Top Stock Trades for Thursday: AMD, DAL, C, BB appeared first on InvestorPlace.
- Motley Fool•19 days ago
BlackBerry's Cybersecurity Unit Comes Under Investor Fire During the First Quarter
Results were pretty good, but the investor reaction certainly wasn’t.
- TheStreet.com•21 days ago
BlackBerry Is Still Too Speculative of an Investment
Its most recent fiscal Q1 2020 results gave the illusion of BlackBerry's turnaround gaining traction, but on deeper analysis, there are ultimately still too many questions unanswered. Consequently, despite superficial improvements, Blackberry's shares are not cheaply priced and remain in speculative territory. Last year when BlackBerry reported its fiscal Q1 2019 results, BlackBerry carried approximately $1.5 billion of net cash.
- Zacks•21 days ago
BlackBerry to Support Indigenous Communities Across Canada
BlackBerry (BB), in collaboration with Microsoft (MSFT) and Forrest Green, aims to help Indigenous communities across Canada deploy modern technologies to improve their welfare.
- Motley Fool•23 days ago
Weekly Tech Stock News: Key Apple Exec Leaves, Slack Stock Gets a Buy Rating, and More
BlackBerry, Apple, and Slack were some of this week's biggest headlines.
- MarketWatch•23 days ago
BlackBerry violates SEC rules with use of non-standard metrics
BlackBerry Ltd. reported fiscal first-quarter earnings on Wednesday that led with and were dominated by non-standard numbers, putting the company at risk of an enforcement action from the U.S. Securities and Exchange Commission.
- SmarterAnalyst•24 days ago
Blackberry (BB) Stock Is Under the Gun; RBC Capital Dives In
Blackberry (BB) shares fell 11% in the past two days as investors were less-than-satisfied with the company's fiscal first-quarter earnings release.Specifically, the former smartphone maker reported revenue of $267 million, beating last year by 23% and Wall Street consensus by $2 million. Further, Blackberry saw EPS rise to $0.01, which, while low, was still higher than consensus estimates of $0.00. But investors were not too happy about results from Cylance, the security software developer Blackberry acquired in February. Though revenue rose 31% since last year, many expected stronger results.As a result of the earnings, RBC Capital analyst Paul Treiber has dropped his price target from $10 to $9, while maintaining a Sector Perform rating. It's very much an 'I told you so' moment for Treiber after warning investors that shares are fairly valued. (To watch Treiber's track record, click here)The main sticking point in Treiber’s mind is Blackberry’s Enterprise Software and Services (ESS) segment. Though the analyst acknowledges stronger growth all around, he says below-expectations revenue from ESS “overshadowed” the positives. ESS generated $83 million, or flat since last year, with Treiber’s estimating $95 million. As a result, the analyst says, “BlackBerry remains a ‘show me’ story, as the shortfall at ESS reduces visibility to BlackBerry’s long-term growth.”Though the market was not too kind to Blackberry, upper management is still confident about the company. Management reaffirmed its FY20 guidance for 12-16% IoT growth (ESS + BTS), given new product launches, BTS design wins, and sales leadership changes at ESS. Management also reaffirmed FY20 guidance and expressed confidence in future growth opportunities. Further, the company sees Cylance as ahead of schedule, and expects to launch more than 30 products this year, which is expected to bolster sales.Though management is confident in Blackberry, Treiber believes the stock is in a unique position. The analyst says, “the investor debate on BlackBerry stems from the company’s future opportunity compared to its current momentum.” This is not dissimilar to the likes of Uber and Tesla where many bearish investors are looking at the companies’ poor performance right now as an indicator, while bullish investors look at the transformational potential someday in the future — but unlike the aforementioned companies, Blackberry is already 35 years old and was once already looked at as a revolutionary company.All in all, the Wall Street community does not have much to say on Blackberry. TipRanks analysis shows only four ratings, with one analyst recommending Buy and three suggesting Hold. The average price target among these analysts stands at $10.22, which represents a 35% rise from current levels.To read more on the nitty gritty of what’s going on in the tech stocks space, click here. More recent articles from Smarter Analyst: * Facebook Watch Is One to Watch * Rally on! Micron (MU) Stock Has Another 16% to Go, Says Deutsche Bank * Apple (AAPL) Slowly Assembling Approach to Autonomy with Drive.ai * Apple (AAPL): With High Hopes for Trade War Resolution, Is It Time to Buy the Stock?
- Zacks•25 days ago
Telecom Stock Roundup: Harris Gets Merger Nod, BlackBerry's Q1 Results & More
Harris' (HRS) regulatory approval from EU paves the path for its merger with L3 Technologies, while BlackBerry (BB) reports relatively healthy first- quarter fiscal 2020 results.
- Motley Fool•26 days ago
BlackBerry Earnings: What You Need to Know
The tech company's bet on software and services continues to yield growth.
- Motley Fool•26 days ago
Why BlackBerry, AeroVironment, and Global Blood Therapeutics Slumped on Wednesday
Find out how earnings hurt some of these stocks.
- Bloomberg•26 days ago
BlackBerry Falls Most in Year as Earnings Report Disappoints
(Bloomberg) -- BlackBerry Ltd. shares fell the most in a year after reporting sales from its software and services unit slowed and a recent acquisition contributed less of a boost than some analysts expected.Revenue in the fiscal first quarter was $247 million, the Waterloo, Ontario-based company said Wednesday, up 16% from a year earlier. BlackBerry reorganized its reporting units, combining the business technology solutions group with the enterprise software and services unit. Now grouped under the Internet-of-Things division, it reported revenue of $136 million, which was down from $147 million in the fourth quarter.Steven Li, an analyst at Raymond James, said any shortfall would have likely come from enterprise software, since the business technology solutions revenue stream is “typically stable and growing.” Part of the weakness also could have come from a reorganization of the sales division, according to Todd Coupland, an analyst at CIBC.After BlackBerry’s $1.4 billion acquisition of cybersecurity firm Cylance, which closed in February, some analysts were expecting to see stronger revenue contributions in the first full quarter in which the purchase is on the books. Revenue from Cylance was $32 million in the three months ended May 31. “People were hoping Cylance would beat expectations more than it did,” Coupland said in an interview. There are also concerns about Crowdstrike Holdings Inc., a competitor in cybersecurity, which is growing at a higher rate than Cylance, he said.Key InsightsAdjusted earnings per share of 1 cent beat analysts’ average estimate of breakeven in the quarter, as BlackBerry absorbed the Cylance acquisition.Shares fell as much as 10% to $7.47. It was the biggest decline for BlackBerry since last June. The stock had gained 17 percent through the close on Tuesday.Under Chief Executive Officer John Chen, the company has been positioning itself as a leader in cybersecurity. Cylance will enable BlackBerry to add artificial intelligence capabilities to its existing software products. The purchase was BlackBerry’s largest acquisition in seven years.BlackBerry is now focused on its connected and autonomous vehicle technology business, QNX, to drive growth. “The next thing that we have is to put the Cylance AI on to QNX,” Chen said on an earnings call.Know MoreEarlier this week, the Waterloo, Ontario-based company said its security and connectivity software was now installed in 150 million vehicles, up 25% from a year earlier. BlackBerry’s QNX technology is used by carmakers such as Honda Motor Co., Ford Motor Co., and BMW AG in driver assistance and hands-free systems, among other things.BlackBerry reaffirmed it expects annual adjusted revenue growth of 23%-27% in fiscal 2020.Read the statement here.(Updates with share trading this year. A previous version of this story corrected the day that company reported in second paragraph.)To contact the reporter on this story: Simran Jagdev in Toronto at sjagdev1@bloomberg.netTo contact the editors responsible for this story: Molly Schuetz at mschuetz9@bloomberg.net;David Scanlan at dscanlan@bloomberg.netFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- TheStreet.com•26 days ago
BlackBerry Stock Could Fall Another 13% After Earnings Breakdown
Alphabet and Apple are holdings in Jim Cramer's Action Alerts PLUS member club. Want to be alerted before Jim Cramer buys or sells GOOGL or AAPL? It's left BlackBerry floundering about for years, as shown above on the weekly chart.
- Motley Fool•26 days ago
Why BlackBerry Stock Fell Wednesday
The company's fiscal first-quarter results failed to impress.
- Zacks•26 days ago
BlackBerry's (BB) Q1 Earnings Match Estimates, Revenues Beat
Higher year-over-year revenues and lower operating expenses drive BlackBerry's (BB) first-quarter fiscal 2020 results.
- TheStreet.com•26 days ago
BlackBerry Ekes Out First-Quarter Earnings Beat
On an adjusted basis, the company said it earned $5 million, or 1 cent a share, a shade above analysts' estimates of breakeven per share. "We are off to a good start to achieve our financial outlook for fiscal 2020," CEO John Chen said in a statement. BlackBerry in recent years has been slowly transitioning away from its bread-and-butter mobile hardware to so-called software enterprise solutions - secure ways for people and companies to communicate and share data wirelessly.
- Reuters•26 days ago
BlackBerry shares tumble on sales shortfall in largest business
Waterloo, Ontario-based BlackBerry, once known for its phones, has pivoted to selling software such as those used in mobiles and by automakers, hoping to find a more stable source of revenue. Given (technology solutions) revenue stream is typically stable and growing, any shortfall would have been from enterprise software," Raymond James analyst Steven Li said.
- Zacks•26 days ago
BlackBerry (BB) Meets Q1 Earnings Estimates
BlackBerry (BB) delivered earnings and revenue surprises of 0.00% and 7.18%, respectively, for the quarter ended May 2019. Do the numbers hold clues to what lies ahead for the stock?
- Benzinga•26 days ago
BlackBerry Reports Q1 Earnings Beat
BlackBerry Ltd (NYSE: BB ) reported first-quarter earnings of 1 cent per share, which beat analyst estimates by a penny. This is a decrease from earnings of 3 cents per share from the same period last ...
- Reuters•26 days ago
UPDATE 3-BlackBerry shares tumble on sales shortfall in largest business
Canada's BlackBerry Ltd on Wednesday reported lower-than-expected sales for its biggest business, hurt by weak demand for its security software from firms and government agencies, sending its shares down as much as 10%. Waterloo, Ontario-based BlackBerry, once known for its phones, has pivoted to selling software such as those used in mobiles and by automakers, hoping to find a more stable source of revenue.
