BlackBerry (NYSE:BB) Shares Gap Up Following Earnings Beat

BlackBerry Limited (NYSE:BB)’s stock price gapped up before the market opened on Thursday after the company announced better than expected quarterly earnings. The stock had previously closed at $3.53, but opened at $3.82. BlackBerry shares last traded at $3.9270, with a volume of 9,967,125 shares changing hands.

The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.01. BlackBerry had a net margin of 4.02% and a return on equity of 8.05%. During the same quarter in the prior year, the company earned $0.03 EPS. BlackBerry’s revenue was up 10.1% compared to the same quarter last year.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of BlackBerry in a report on Wednesday, March 25th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $4.50 price objective on shares of BlackBerry in a research report on Friday, December 19th. TD Securities upgraded shares of BlackBerry to a “hold” rating in a research report on Monday, December 22nd. Wall Street Zen cut shares of BlackBerry from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. Finally, Canaccord Genuity Group reiterated a “hold” rating and set a $4.60 price objective on shares of BlackBerry in a research report on Friday, December 19th. One analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, BlackBerry currently has an average rating of “Hold” and a consensus target price of $4.92.

Insider Activity at BlackBerry

In other news, SVP Jennifer Armstrong-Owen sold 29,908 shares of BlackBerry stock in a transaction that occurred on Saturday, April 4th. The shares were sold at an average price of $3.56, for a total transaction of $106,472.48. Following the sale, the senior vice president owned 94,903 shares in the company, valued at $337,854.68. This trade represents a 23.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO John Joseph Giamatteo sold 27,066 shares of the business’s stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $3.56, for a total transaction of $96,354.96. Following the completion of the sale, the chief executive officer owned 899,146 shares in the company, valued at $3,200,959.76. This represents a 2.92% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 73,171 shares of company stock worth $260,489. Company insiders own 0.37% of the company’s stock.

Institutional Investors Weigh In On BlackBerry

Large investors have recently bought and sold shares of the business. Delos Wealth Advisors LLC bought a new stake in BlackBerry in the third quarter worth $34,000. CI Investments Inc. increased its position in BlackBerry by 48.4% in the third quarter. CI Investments Inc. now owns 8,414 shares of the company’s stock worth $41,000 after purchasing an additional 2,745 shares during the last quarter. Portfolio Resources Advisor Group Inc. bought a new stake in BlackBerry in the fourth quarter worth $46,000. DGS Capital Management LLC bought a new stake in BlackBerry in the fourth quarter worth $52,000. Finally, State of Wisconsin Investment Board bought a new stake in BlackBerry in the fourth quarter worth $54,000. Institutional investors own 54.48% of the company’s stock.

BlackBerry Price Performance

The firm’s 50-day moving average is $3.41 and its two-hundred day moving average is $3.98. The company has a market cap of $2.32 billion, a P/E ratio of 130.88 and a beta of 1.70. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.14 and a quick ratio of 2.14.

BlackBerry Company Profile

BlackBerry Limited, formerly known as Research In Motion (RIM), is a Canadian enterprise software and cybersecurity company based in Waterloo, Ontario. Since its founding in 1984, the firm has evolved from a pioneer in mobile devices into a specialist in secure communications, endpoint management, and embedded systems software. BlackBerry’s core mission today centers on delivering security-first solutions that protect critical data and infrastructure across diverse industries.

At the heart of BlackBerry’s offerings is the BlackBerry Spark® platform, which combines unified endpoint management (UEM), secure communications, and artificial intelligence–driven threat detection into a single framework.