BlackBerry (NYSE:BB) Issues FY26 Earnings Guidance

BlackBerry (NYSE:BB - Get Free Report) issued an update on its FY26 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $0.08-0.10 for the period, compared to the consensus earnings per share estimate of $0.05. The company issued revenue guidance of $504-534 million, compared to the consensus revenue estimate of $533.45 million. BlackBerry also updated its FY 2026 guidance to 0.080-0.100 EPS.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on BB. TD Securities upgraded BlackBerry from a "hold" rating to a "buy" rating and upped their price objective for the company from $3.25 to $4.00 in a research note on Friday, December 20th. Robert W. Baird upped their target price on shares of BlackBerry from $3.00 to $3.50 and gave the stock a "neutral" rating in a research report on Friday, December 20th. Canaccord Genuity Group cut their target price on BlackBerry from $4.75 to $4.25 and set a "hold" rating on the stock in a research note on Thursday. StockNews.com cut BlackBerry from a "hold" rating to a "sell" rating in a research note on Wednesday, April 2nd. Finally, CIBC lowered their price target on BlackBerry from $7.00 to $6.00 and set an "outperformer" rating on the stock in a report on Thursday. One research analyst has rated the stock with a sell rating, five have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, BlackBerry has a consensus rating of "Hold" and an average price target of $4.12.

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BlackBerry Stock Performance

BlackBerry stock traded down $0.10 during mid-day trading on Monday, reaching $2.92. The company had a trading volume of 9,465,422 shares, compared to its average volume of 13,451,375. 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 firm has a market cap of $1.74 billion, a price-to-earnings ratio of -13.25 and a beta of 1.30. The company has a 50 day moving average of $4.63 and a 200-day moving average of $3.52. BlackBerry has a 52 week low of $2.01 and a 52 week high of $6.24.

BlackBerry (NYSE:BB - Get Free Report) last released its earnings results on Wednesday, April 2nd. The company reported $0.03 earnings per share for the quarter, topping analysts' consensus estimates of $0.02 by $0.01. The business had revenue of $141.70 million for the quarter, compared to the consensus estimate of $137.56 million. BlackBerry had a negative return on equity of 2.02% and a negative net margin of 21.16%. The firm's revenue for the quarter was down 7.3% compared to the same quarter last year. During the same period last year, the business earned $0.03 earnings per share. On average, sell-side analysts expect that BlackBerry will post -0.03 EPS for the current fiscal year.

Insider Activity at BlackBerry

In other BlackBerry news, CAO Jay P. Chai sold 24,425 shares of the stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $4.19, for a total transaction of $102,340.75. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.34% of the stock is currently owned by insiders.

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.