BlackBerry (NYSE:BB) Issues Q4 Earnings Guidance

BlackBerry (NYSE:BB) updated its fourth quarter earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $(0.02)-$0.00 for the period, compared to the consensus estimate of $0.01. BlackBerry also updated its FY 2025 guidance to -0.020-0.000 EPS.

BlackBerry Trading Up 9.4 %

NYSE:BB opened at $3.26 on Friday. The stock has a market cap of $1.93 billion, a P/E ratio of -13.04 and a beta of 1.43. BlackBerry has a 1 year low of $2.01 and a 1 year high of $3.89. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.44 and a current ratio of 1.44. The stock has a 50-day simple moving average of $2.53 and a 200-day simple moving average of $2.45.

BlackBerry (NYSE:BB) last issued its quarterly earnings data on Thursday, December 19th. The company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.03. The company had revenue of $143.00 million for the quarter, compared to analyst estimates of $144.84 million. BlackBerry had a negative return on equity of 3.38% and a negative net margin of 21.66%. The business’s quarterly revenue was down 5.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.01 earnings per share. As a group, analysts anticipate that BlackBerry will post -0.06 earnings per share for the current fiscal year.

Analysts Set New Price Targets

BB has been the subject of several analyst reports. StockNews.com raised shares of BlackBerry from a “sell” rating to a “hold” rating in a report on Monday, December 9th. TD Securities upgraded BlackBerry from a “hold” rating to a “buy” rating and set a $4.00 price target on the stock in a research note on Friday. Royal Bank of Canada increased their price objective on BlackBerry from $3.00 to $3.25 and gave the stock a “sector perform” rating in a research report on Tuesday. Canaccord Genuity Group boosted their target price on shares of BlackBerry from $2.80 to $3.00 and gave the stock a “hold” rating in a research report on Friday. Finally, CIBC increased their price target on shares of BlackBerry from $3.50 to $3.60 and gave the company an “outperform” rating in a report on Thursday, October 17th. Six equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $3.54.

Insider Buying and Selling at BlackBerry

In other news, insider Philip S. Kurtz sold 15,005 shares of the stock in a transaction that occurred on Saturday, September 28th. The shares were sold at an average price of $2.53, for a total value of $37,962.65. Following the sale, the insider now directly owns 30,129 shares in the company, valued at $76,226.37. This represents a 33.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.34% of the stock is owned by corporate insiders.

About BlackBerry

BlackBerry Limited provides intelligent security software and services to enterprises and governments worldwide. The company operates through three segments: Cybersecurity, IoT, and Licensing and Other. The company offers CylanceENDPOINT, an integrated endpoint security solution; CylanceGUARD, a managed detection and response solution; CylanceEDGE, an AI-powered continuous authentication zero trust network access solution; CylanceINTELLIGENCE, a contextual cyber threat intelligence service; BlackBerry Dynamics offers a development platform and secure container for mobile applications; BlackBerry Workspaces a secure Enterprise File Sync and Share (EFSS) solution; BlackBerry Messenger (BBM) Enterprise, an enterprise-grade secure instant messaging solution for messaging, voice and video; BlackBerry SecuSUITE is a certified, multi-OS voice and text messaging solution; BlackBerry AtHoc, a secure networked critical event management solution; and BlackBerry unified endpoint management (UEM) solutions.