BlackBerry (NYSE:BB) Releases Q1 Earnings Guidance

BlackBerry (NYSE:BB) issued an update on its first quarter earnings guidance on Wednesday morning. The company provided EPS guidance of ($0.01)-0.00 for the period, compared to the consensus EPS estimate of $0.00. The company issued revenue guidance of $107-115 million, compared to the consensus revenue estimate of $124.59 million. BlackBerry also updated its FY 2026 guidance to 0.080-0.100 EPS.

BlackBerry Stock Performance

Shares of BB opened at $3.74 on Wednesday. The stock has a market capitalization of $2.23 billion, a PE ratio of -16.98 and a beta of 1.27. The business’s fifty day moving average price is $4.69 and its 200 day moving average price is $3.50. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.37 and a quick ratio of 1.37. BlackBerry has a 12-month low of $2.01 and a 12-month high of $6.24.

BlackBerry (NYSE:BB) last announced its quarterly earnings data on Wednesday, April 2nd. The company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.01. The business had revenue of $141.70 million during the quarter, compared to the consensus estimate of $137.56 million. BlackBerry had a negative net margin of 21.16% and a negative return on equity of 2.02%. The company’s revenue for the quarter was down 7.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.03 EPS. Equities research analysts forecast that BlackBerry will post -0.03 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently commented on the company. TD Securities upgraded BlackBerry from a “hold” rating to a “buy” rating and upped their price objective for the stock from $3.25 to $4.00 in a research note on Friday, December 20th. Robert W. Baird increased their price objective on shares of BlackBerry from $3.00 to $3.50 and gave the stock a “neutral” rating in a report on Friday, December 20th. TD Cowen raised shares of BlackBerry from a “hold” rating to a “buy” rating and boosted their target price for the company from $3.25 to $4.00 in a research note on Friday, December 20th. Canaccord Genuity Group raised their price target on shares of BlackBerry from $3.00 to $4.75 and gave the company a “hold” rating in a research note on Tuesday, March 11th. Finally, StockNews.com upgraded BlackBerry from a “sell” rating to a “hold” rating in a research report on Monday, December 9th. Six research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, BlackBerry has an average rating of “Moderate Buy” and an average target price of $3.91.

Insider Activity

In related news, CAO Jay P. Chai sold 24,425 shares of BlackBerry stock in a transaction on Friday, January 24th. The stock was sold at an average price of $4.19, for a total value of $102,340.75. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Mattias Eriksson sold 12,680 shares of the company’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $4.00, for a total value of $50,720.00. Following the sale, the insider now directly owns 278,306 shares of the company’s stock, valued at approximately $1,113,224. This represents a 4.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 244,221 shares of company stock worth $925,655 over the last 90 days. 0.34% of the stock is currently owned by company 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.