BlackBerry (NYSE:BB) Issues Earnings Results

BlackBerry (NYSE:BB) posted its earnings results on Thursday. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.01, Zacks reports. BlackBerry had a return on equity of 11.66% and a net margin of 10.31%. BlackBerry updated its FY 2027 guidance to 0.190-0.220 EPS and its Q3 2027 guidance to 0.040-0.050 EPS.

BlackBerry Trading Down 2.7%

BlackBerry stock opened at $8.39 on Thursday. BlackBerry has a 52 week low of $3.12 and a 52 week high of $13.59. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.20 and a current ratio of 2.20. The firm has a market capitalization of $4.93 billion, a price-to-earnings ratio of 93.24 and a beta of 2.23. The company has a 50 day moving average price of $8.32 and a 200 day moving average price of $7.33.

Insiders Place Their Bets

In other news, CEO John Giamatteo sold 152,012 shares of the firm’s stock in a transaction on Thursday, July 9th. The stock was sold at an average price of $11.35, for a total value of $1,725,336.20. Following the completion of the sale, the chief executive officer owned 687,246 shares of the company’s stock, valued at $7,800,242.10. This trade represents a 18.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Jennifer Armstrong-Owen sold 3,296 shares of BlackBerry stock in a transaction on Thursday, July 9th. The shares were sold at an average price of $10.92, for a total value of $35,992.32. Following the transaction, the senior vice president owned 106,091 shares in the company, valued at $1,158,513.72. This represents a 3.01% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 355,858 shares of company stock worth $4,012,270 over the last three months. Company insiders own 0.51% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on BB shares. Raymond James Financial lifted their price target on shares of BlackBerry from $4.75 to $9.50 and gave the stock a “market perform” rating in a research report on Friday, June 26th. TD lifted their target price on BlackBerry from $5.00 to $8.00 and gave the stock a “hold” rating in a report on Friday, June 26th. Weiss Ratings lowered BlackBerry from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, August 28th. TD Securities reaffirmed a “hold” rating and set a $8.00 target price on shares of BlackBerry in a report on Friday, June 26th. Finally, Canadian Imperial Bank of Commerce upped their target price on BlackBerry from $10.00 to $13.00 and gave the company an “outperformer” rating in a report on Friday, June 26th. Two research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $8.92.

BlackBerry Company Profile

BlackBerry Limited is a Canadian software company headquartered in Waterloo, Ontario, that provides cybersecurity and Internet of Things (IoT) solutions to enterprises, governments and other organizations worldwide. Its cybersecurity offerings include endpoint protection, endpoint management, identity and access controls, secure communications, and tools designed to help organizations monitor and respond to cyber threats.

The company’s IoT business is built around QNX, a software platform used in automotive systems and other embedded applications.