BlackBerry (BB) to Release Quarterly Earnings on Wednesday

BlackBerry (NYSE:BB - Get Free Report) is anticipated to announce its earnings results before the market opens on Wednesday, April 2nd. Analysts expect the company to announce earnings of $0.02 per share and revenue of $137.56 million for the quarter. Persons interested in registering for the company's earnings conference call can do so using this link.

BlackBerry Trading Down 0.9 %

Shares of NYSE BB traded down $0.04 during midday trading on Friday, hitting $3.93. 13,380,667 shares of the company traded hands, compared to its average volume of 13,305,695. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.37 and a current ratio of 1.37. BlackBerry has a 12-month low of $2.01 and a 12-month high of $6.24. The stock has a 50-day moving average price of $4.70 and a 200 day moving average price of $3.48. The firm has a market cap of $2.34 billion, a P/E ratio of -17.84 and a beta of 1.27.

Insider Activity at BlackBerry

In related news, insider Mattias Eriksson sold 12,680 shares of the business's stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $4.00, for a total transaction of $50,720.00. Following the completion of the sale, the insider now directly owns 278,306 shares in the company, valued at approximately $1,113,224. The trade was a 4.36 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Jay P. Chai sold 24,425 shares of the firm's 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 disclosure for this sale can be found here. Insiders sold 244,221 shares of company stock valued at $925,655 over the last 90 days. Corporate insiders own 0.34% of the company's stock.

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Wall Street Analysts Forecast Growth

BB has been the subject of a number of research analyst reports. StockNews.com upgraded BlackBerry from a "sell" rating to a "hold" rating in a research note on Monday, December 9th. TD Securities upgraded 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 report on Friday, December 20th. Royal Bank of Canada increased their price target on shares of BlackBerry from $3.25 to $4.00 and gave the stock a "sector perform" rating in a research note on Friday, January 10th. TD Cowen raised shares of BlackBerry from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $3.25 to $4.00 in a research note on Friday, December 20th. Finally, Canaccord Genuity Group raised their target price 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. Six analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, BlackBerry has a consensus rating of "Moderate Buy" and an average price target of $3.91.

BlackBerry Company Profile

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.