BB.TO - BlackBerry Limited

Toronto - Toronto Delayed Price. Currency in CAD
8.68
-0.08 (-0.91%)
At close: 4:21PM EST
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Previous Close8.76
Open8.78
Bid8.68 x 0
Ask8.69 x 0
Day's Range8.61 - 8.87
52 Week Range6.48 - 13.74
Volume1,162,560
Avg. Volume1,507,714
Market Cap4.791B
Beta (5Y Monthly)N/A
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateMar 26, 2020 - Mar 30, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est11.38
  • How Did BlackBerry Limited (BB) Perform In Comparison to Hedge Fund Favorites in 2019?
    Insider Monkey

    How Did BlackBerry Limited (BB) Perform In Comparison to Hedge Fund Favorites in 2019?

    We are still in an overall bull market and many stocks that smart money investors were piling into surged in 2019. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained more than 57% each. Hedge funds' top 3 stock picks returned 45.7% last year and beat the S&P 500 […]

  • Trump is in a heated fight with Iran and these stocks are benefitting from it
    Yahoo Finance

    Trump is in a heated fight with Iran and these stocks are benefitting from it

    Cybersecurity stocks are rocking as the conflict between the U.S. and Iran heats up.

  • Thomson Reuters StreetEvents

    Edited Transcript of BB.TO earnings conference call or presentation 20-Dec-19 1:00pm GMT

    Q3 2020 BlackBerry Ltd Earnings Call

  • Amazon, Intel and Ford Want to Harvest Your Data While You Drive
    Bloomberg

    Amazon, Intel and Ford Want to Harvest Your Data While You Drive

    (Bloomberg) -- CES has long been a showcase for automotive gadgetry and a chance for tech companies to pitch their gear to carmakers. This year, the consumer electronics show is embracing an increasingly valuable byproduct of all this activity: data.Modern cars roll out of factories packed with cellular connections, powerful processors and growing suite of sensors, including cameras, radar and microphones. That’s turning them into the next information goldmine, rivaling the data-creating capabilities of smartphones.Amazon.com Inc., Intel Corp., Qualcomm Inc. and BlackBerry Ltd. are at the Las Vegas conference this week to pitch data-crunching services and partnerships to an auto industry searching for new revenue streams and business models.“CES will highlight the next big industry transformation that revolves around how this data can be monetized,” said Brian Rhodes, an automotive technology analyst at IHS Markit. “This market is no longer strictly focused on selling hard parts.”Automakers are trying to control the data generated by their vehicles and avoid being marginalized by technology giants. It’s a challenge because car companies lack deep software talent and are already battling the incursion of smartphones and related technology. Apple Inc.’s CarPlay and Google’s Android Auto software, installed on vehicle dashboard screens, funnel data to and from smartphones and largely bypass carmakers’ systems.The industry “passed a while ago a very important line in the sand,” said Henrik Fisker, chief executive officer of electric vehicle manufacturer Fisker Inc. “People suddenly felt that their smartphone was more important to their freedom than their car.”After years of setbacks and delays, Fisker will show off its Ocean electric SUV at CES for the first time. The company wants to generate the majority of its profit from software and services over the long term. Fisker has an app for ordering, lease payments and upgrades that it hopes will generate recurring revenue over the life of each vehicle.Intel will announce a new automotive tie-up for its Mobileye unit during CES, adding to existing relationships with Nissan Motor Co., BMW AG and Volkswagen AG. The carmakers use Mobileye’s driver-assistance technology and provide the Intel unit with some of the data that those cameras, chips and sensors collect as the vehicles drive around. Mobileye aggregates this anonymous information to create detailed maps that the carmakers use to enhance their vehicle navigation systems.At CES, Intel showed off a map of Las Vegas created in 24 hours with information from BMW cars that drove around the city over an undisclosed longer period. Intel says such fresh information is more valuable than traditional navigation systems, which use special survey vehicles that collect and send in images and data for updates that can take months. The newer approach has more chance of spotting and avoiding a broken traffic signal or road work. Intel thinks the data will be really useful for other things, too. A utility company could check on infrastructure without sending workers to every site, for example.Intel predicts the market for such data will be worth as much as $3.5 billion a year by 2030. McKinsey & Co. sees a much larger opportunity. A few years ago, the consulting firm said up to $750 billion of value would created from car-related data by 2030. That includes revenue from services like connected maps and targeted advertising, along with the sale and analysis of anonymous information via third parties to reduce costs.“The value pool includes avoided costs and incremental revenue” McKinsey partner Michele Bertoncello said. “If you monitor a car and you avoid a breakdown or you avoid warranty fraud, you don’t generate incremental revenue, but you avoid a cost.”On Monday at CES, cloud-computing giant Amazon Web Services teamed up with BlackBerry, owner of QNX, an operating system that’s widely used in cars. The two companies unveiled a new service that helps automakers update security and software features, monitor vehicle health, access data from car sensors, built new applications and apply artificial intelligence models to the information.Chipmaker Qualcomm announced its first chips and software for fully autonomous vehicles at the CES show. Its radio chips already support cellular links for most of the world’s connected cars. The new offering will be available in coming years and will reduce the cost and power needed to develop and run driverless cars, Qualcomm said. The company also rolled out a “Car-to-Cloud Platform,” a package of hardware and software that lets automakers securely update the software in their vehicles. The system offers a way to charge vehicle owners for updates and other services.Vehicle-generated data is crucial to Ford Motor Co.’s future, Chief Technical Officer Ken Washington said. The company’s commercial business is working with Digit, a robot designed by Agility Robotics that travels with delivery vehicles, unfolds itself, then carries packages from the curbside to the door. Digit will use data from Ford vehicle sensors to find its way.Advanced data capture and analysis is crucial for improving designs and bringing them to market more quickly, and for creating new businesses as carmakers try to become broader transportation companies, according to Washington.“We’re taking this very seriously,” he said. “I watched the internet happen and I watched what happened to businesses that embraced it and those that ignored it.”(Corrects in the ninth paragraph to say that Intel built the map with data collected over a longer period.)To contact the reporters on this story: Ian King in San Francisco at ianking@bloomberg.net;Ed Ludlow in San Francisco at eludlow2@bloomberg.netTo contact the editors responsible for this story: Alistair Barr at abarr18@bloomberg.net, Andrew PollackFor 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.

  • ANSYS and Blackberry Collaborate to Support Next-Generation Automobiles
    PR Newswire

    ANSYS and Blackberry Collaborate to Support Next-Generation Automobiles

    BlackBerry Limited (NYSE: BB; TSX: BB) and ANSYS (NASDAQ: ANSS) are joining forces to support BlackBerry QNX's industry-leading real-time operating system (RTOS) for connected and autonomous vehicles. As part of ANSYS' ongoing commitment to fostering an open ecosystem that supports RTOS leaders across industries, the collaboration will empower automotive manufacturers to increase safety and reliability, reduce development cost and shorten time-to-market for next-generation automobiles and autonomous systems.

  • PR Newswire

    BlackBerry Showcases AI-Based Automotive Solution to Drive the Connected Future

    BlackBerry Limited (NYSE: BB; TSX: BB) today unveiled a customizable concept solution that OEMs and fleet managers can use for vehicle health and security use cases to 'future-proof' their vehicles, accelerating development timelines and reducing the cost of moving projects from research to production and onto roads.

  • PR Newswire

    BlackBerry Collaborating with Amazon Web Services to Demonstrate Safe, Secure, and Intelligent Connected Vehicle Software Platform for In-Vehicle Applications

    BlackBerry Limited (NYSE: BB; TSX: BB) today announced it has teamed up with Amazon Web Services, Inc. (AWS) to demonstrate a connected vehicle software platform for in-vehicle applications that combines the safety and security of BlackBerry's QNX real-time operating system with AWS' Internet of Things (IoT) Services in the cloud and in the car. The platform enables automotive manufacturers to securely access data from vehicle sensors, and create software applications and machine-learning models for connected, electric, and autonomous vehicles.

  • BlackBerry and Damon Motorcycles are collaborating on an electric superbike
    Autoblog

    BlackBerry and Damon Motorcycles are collaborating on an electric superbike

    In one of the more unexpected collaborations of the new year, BlackBerry is partnering with Damon Motorcycles to create an electric bike. This isn't the BlackBerry Mobile which now makes Android phones, but rather the vestiges of the original Research In Motion company which is now BlackBerry Limited and specializes in enterprise software. The Hypersport Pro Electric Superbike, unveiled at CES, will use BlackBerry's QNX operating system as the basis for its CoPilot warning system.

  • Renovo and BlackBerry QNX to Showcase Award Winning Automotive Data Platform at CES 2020
    PR Newswire

    Renovo and BlackBerry QNX to Showcase Award Winning Automotive Data Platform at CES 2020

    Global automotive software company, Renovo, and BlackBerry QNX, a business unit of BlackBerry Limited (NYSE: BB; TSX: BB), announced today the companies will cooperate to jointly develop and market safety-critical data management solutions for use in the next generation of connected and autonomous vehicles.

  • Damon Motorcycles and BlackBerry QNX Revolutionize Motorcycling with the Introduction of Hypersport Pro Electric Superbike
    PR Newswire

    Damon Motorcycles and BlackBerry QNX Revolutionize Motorcycling with the Introduction of Hypersport Pro Electric Superbike

    Damon Motorcycles announced today that its CoPilot™ advanced warning system will be powered by BlackBerry QNX technology across its entire line-up of advanced electric motorcycles.

  • Is Now An Opportune Moment To Examine BlackBerry Limited (TSE:BB)?
    Simply Wall St.

    Is Now An Opportune Moment To Examine BlackBerry Limited (TSE:BB)?

    BlackBerry Limited (TSE:BB), which is in the software business, and is based in Canada, saw a significant share price...

  • BlackBerry Stock May Finally Be Getting the Respect It Deserves
    InvestorPlace

    BlackBerry Stock May Finally Be Getting the Respect It Deserves

    For the last three years, BlackBerry (NYSE:BB) has had huge achievements, even as its previously thriving cell phone business faded into oblivion. But during most of that time, Wall Street has not given BlackBerry stock the respect it deserved.Source: Shutterstock Last week, however, BlackBerry reported third-quarter results that showed that it has become meaningfully profitable. The company also proved that its core businesses are definitely growing rapidly and that it has many strong upcoming catalysts, along with increased credibility.In the wake of those strong results, the Street may be finally ready to start recognizing BlackBerry for what it is: a rising cybersecurity and Internet of Things powerhouse with tremendous upcoming growth.InvestorPlace - Stock Market News, Stock Advice & Trading Tips BlackBerry Was UnderappreciatedStarting in 2016, the company's QNX operating system was adopted by multiple, big-time players in the auto industry, from Ford (NYSE:F) to auto-equipment heavyweights Delphi (NYSE:DLPH) and Denso. Its security products were used by many big multinational banks and huge government agencies, including the Pentagon, the Treasury, the Department of Energy, and the Department of Homeland Security. And its revenue started climbing again. * 7 Stocks to Buy to Get 2020 Started the Right Way Yet most analysts and most investors shunned BlackBerry stock, preferring to focus on the trees of the minutiae of its quarterly financial results rather than the forest of the company's tremendous achievements and wonderful outlook. Short-sellers also loved to prey on BB stock.First, investors gave BB stock the cold shoulder because its revenue was shrinking. Then, in most of 2018 and most of 2019, they didn't like BB stock because its enterprise software and services missed expectations and showed a bit of weakness.The Street was also spooked because the company spent a great deal of its cash on buying artificial intelligence-oriented cybersecurity company Cylance, whose growth subsequently slowed meaningfully. Finally, some analysts were worried that the company's licensing revenue would dry up. The BlackBerry Stock Opinion RevolutionBlackBerry's Q3 results may have eased much of the Street's fears. Its software and services revenue jumped an impressive 26% year-over-year, easing worries about slow top-line growth. Its enterprise software and services revenue dropped slightly YoY, but appeared to have risen versus the previous quarter, according to research firm Raymond James.Cylance's revenue came in at a solid $40 million, even though it increased only 13% YoY. Licensing revenue rose 13% YoY, More than 90% of BlackBerry's software and services revenue was recurring. That means that the company has customers under contract to deliver software and services revenue in upcoming quarters that are equal to more than 90% of the revenue it generated last quarter. BB's cash and equivalents rose $32 million quarter-over-quarter.But, perhaps more important were the company's forward-looking comments, BlackBerry raised its full-year earnings per share guidance to 8 cents from 6 cents. Although 8 cents may not sound like much, it's actually close to $55 million, which is pretty meaningful. Of course, nothing impresses Wall Street as much as profits.Additionally, CEO John Chen reiterated that he expects Cylance to be profitable starting in FY21, which begins in March. He also stated that Cylance had won a number of deals with large companies, while there was strong demand for a new managed services offering released by the unit. Chen added that cross-selling and synergies between Cylance and other parts of BlackBerry would increase going forward.After BlackBerry released its Q2 results in September, Chen said that changes in the company's sales team had hindered its ability to close enterprise software and security deals. But he sounded much more upbeat on Friday. After the Q3 results were released, the CEO said the company's new products and increased focus by the sales team had enabled it "to drive more business."Furthermore, for the first time, BlackBerry's QNX operating system, which has become quite lucrative for the company, appears to be poised to generate meaningful revenue beyond the auto industry. Of QNX's 31 design wins in Q3, 11 were in auto and 20 were in other sectors, Chen noted.Moreover, the CEO said that QNX 's revenue from the other sectors will be significantly higher and take a much shorter time to materialize after orders are received than its revenue from auto companies. The fact that QNX is beginning to exploit non-auto opportunities in a meaningful way probably made many investors more upbeat on BlackBerry stock.Also likely increasing optimism towards BB stock, the company's asset-tracking business, Radar, gained meaningful traction in Q3. It added 15 new customers last quarter, and it received repeat orders from multiple customers, including Lowe's (NYSE:LOW) and Bimbo's Bakeries.Since BlackBerry reported its Q2 results in September, BB stock mostly traded in a range of $5.oo-$5.50. The shares jumped as high as $6.55 on Friday and are trading around $6.45 at the moment.Moreover, BlackBerry announced that it had launched a partnership with CACI International (NYSE:CACI), one of the largest IT systems integrators based in the DC area which does a huge amount of business with the federal government.Under the deal, BB and CACI will "provide the first secure and certified mobile communication applications, utilizing BlackBerry's SecuSUITE secure voice and text," Chen announced. The partnership certainly increases BlackBerry's credibility as a top cybersecurity company.Many times in the past, after BB reported strong results, BlackBerry stock would give back most of its gains on the day after its results were reported. The fact that BB stock kept the lion's share of its gains on Monday is encouraging.Although there appeared to be no major upgrades of BlackBerry stock in the wake of the results, Bank of America, which had been one of the biggest bears on the name, did upgrade the shares to "neutral" in November and kept that rating on the shares in the wake of Friday's results. Additionally, TD securities kept its $10 price target and a "buy" rating on the shares. Those are minor victories, but they are victories nonetheless. The Bottom Line on BlackBerry StockBlackBerry reported strong results that appear to have calmed Wall Street's concerns on many fronts, including its revenue growth, future profitability, and the Cylance deal. The expansion of QNX and the increased traction of Radar also appear to have excited some investors. Although analysts seem tepid, there are signs that they're coming around.BlackBerry stock may have finally turned a corner.As of this writing, Larry Ramer owned shares of BlackBerry stock. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks to Buy to Get 2020 Started the Right Way * 10 Best ETFs for 2020: The Competition Is Stacked Full of Potential * 4 Gold Stocks to Buy as the Yellow Metal Surges The post BlackBerry Stock May Finally Be Getting the Respect It Deserves appeared first on InvestorPlace.

  • Barrons.com

    BlackBerry Stock Surges After Earnings. Here’s Why.

    After a rough fiscal second quarter, (BB)stock got a boost from stronger-than-expected third quarter revenue and adjusted earnings, with its licensing and security business delivering strong sales. BlackBerry stock (ticker: BB) is up more than 10% in Friday morning trading. The once popular phone-maker, which now focuses on enterprise software, reported $280 million in revenue, ahead of the analyst consensus of $265 million, according to FactSet.

  • Benzinga

    BlackBerry Trades Higher On Mixed Q3 Print

    BlackBerry Limited (NYSE: BB ) reported third-quarter earnings of 3 cents per share Friday, beating the analyst consensus estimate by a penny. The company reported quarterly sales of $267 million, missing ...

  • MarketWatch

    BlackBerry's stock rallies after earnings, but report still leads with non-GAAP numbers

    Shares of BlackBerry Ltd. rose 7.1% in premarket trading after the Canada-based security software company reported fiscal third-quarter results, but the company once again led its earnings report with nonstandard numbers, a practice that appears to shun Securities and Exchange Commission rules. The company started its earnings report by saying non-GAAP revenue, or revenue that doesn't follow Generally Accepted Accounting Principles, rose 23% from a year ago to $280 million, then said GAAP revenue grew 18% to $267 million. The FactSet consensus was for revenue of $271.9 million. SEC rules require that GAAP numbers are presented with equal or greater prominence than non-GAAP numbers. The company then reported non-GAAP earnings of $20 million, or 3 cents a share, while the GAAP loss of $29 million, or 7 cents a share, narrowed from a loss of $44 million, or 10 cents a share. The stock has tumbled 18.3% year to date through Thursday, while the S&P 500 has climbed 27.9%.

  • Licensing, cybersecurity power BlackBerry's beat, shares rise 10%
    Reuters

    Licensing, cybersecurity power BlackBerry's beat, shares rise 10%

    BlackBerry, once popular for its phones before losing out to Apple Inc's iPhones and Android devices, now offers data security software for corporations and government agencies, and software for driverless cars. As part of the push into cybersecurity business, the company in February acquired Cylance, a California-based cyber security business whose software uses machine learning to avoid security breaches. BlackBerry reported revenue of $40 million from Cylance.

  • PR Newswire

    BlackBerry Reports Fiscal 2020 Third Quarter Results

    BlackBerry Limited (NYSE: BB; TSX: BB) today reported financial results for the three months ended November 30, 2019 (all figures in U.S. dollars and U.S. GAAP, except where otherwise indicated).

  • TheStreet.com

    BlackBerry Surges After Reporting a Non-GAAP Revenue Beat

    BlackBerry sees revenue jump during the third quarter as the Canadian security software company booked more business.

  • Investing.com

    Stocks - Nike, Shell, Carmax All Fall in Premarket

    Investing.com -- Stocks in focus in premarket trade on Friday, 20th December. Please refresh for updates.

  • Benzinga

    Q3 Earnings Outlook For BlackBerry

    BlackBerry (NYSE: BB ) announces its next round of earnings this Friday, December 20. Here is Benzinga's everything-that-matters guide for the Q3 earnings announcement. Earnings and Revenue Wall Street ...

  • PR Newswire

    BlackBerry to Unveil Next Generation of Secure Transportation Solutions at CES 2020

    BlackBerry Limited (NYSE: BB; TSX: BB) today announced it will showcase the latest in next-generation security and transportation solutions at CES 2020. Mapping to BlackBerry's vision of securing a connected future, the company's presence at this year's conference will center on industry leading AI-driven security innovations, and the role disruptive technologies play in the evolution of smart auto and transportation.

  • CNW Group

    Quarterly S&P/TSX Composite Index Review - December 2019

    Quarterly S&P/TSX Composite Index Review - December 2019

  • 3 Stocks Prem Watsa and Francis Chou Agree On
    GuruFocus.com

    3 Stocks Prem Watsa and Francis Chou Agree On

    The 2 Berkshire shareholders have a few common holdings, including BlackBerry Continue reading...

  • BlackBerry surges after earnings report
    Yahoo Finance Video

    BlackBerry surges after earnings report

    BlackBerry shares are surging after the company posted its quarterly earnings results. Yahoo Finance's Dan Howley joins Seana Smith to discuss on The Ticker.