BlackBerry (BB) to Release Quarterly Earnings on Wednesday

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

BlackBerry Trading Down 0.9 %

Shares of BB stock traded down $0.04 on Tuesday, reaching $3.74. 17,129,707 shares of the stock were exchanged, compared to its average volume of 13,345,010. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.27. The stock has a market cap of $2.23 billion, a P/E ratio of -16.98 and a beta of 1.27. The firm has a 50 day moving average of $4.69 and a two-hundred day moving average of $3.50. BlackBerry has a 1-year low of $2.01 and a 1-year high of $6.24.

Insider Buying and Selling

In other news, insider Mattias Eriksson sold 14,475 shares of the firm's stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $3.68, for a total transaction of $53,268.00. Following the completion of the sale, the insider now directly owns 238,838 shares of the company's stock, valued at $878,923.84. This trade represents a 5.71 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO John Joseph Giamatteo sold 29,402 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 value of $117,608.00. Following the completion of the sale, the chief executive officer now directly owns 490,761 shares of the company's stock, valued at approximately $1,963,044. The trade was a 5.65 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 244,221 shares of company stock worth $925,655. Corporate insiders own 0.34% of the company's stock.

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Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on BB shares. Canaccord Genuity Group boosted their price objective on shares of BlackBerry from $3.00 to $4.75 and gave the stock a "hold" rating in a research note on Tuesday, March 11th. TD Securities upgraded BlackBerry from a "hold" rating to a "buy" rating and increased their price target for the company from $3.25 to $4.00 in a report on Friday, December 20th. Royal Bank of Canada restated a "sector perform" rating and set a $4.00 price objective on shares of BlackBerry in a research note on Tuesday. Robert W. Baird raised their target price on BlackBerry from $3.00 to $3.50 and gave the company a "neutral" rating in a report on Friday, December 20th. Finally, StockNews.com raised shares of BlackBerry from a "sell" rating to a "hold" rating in a research report on Monday, December 9th. Six equities research 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus 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.