BlackBerry (BB) Stock Price, News & Analysis

Company Overview

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. It also provides BlackBerry Technology Solutions (BTS); BlackBerry Certicom, a patented elliptic curve cryptography, which provides device security, anti-counterfeiting and product authentication solutions; BlackBerry Radar offers monitoring and telematics solutions; BlackBerry Professional; and cyber security consulting services. In addition, the company is involved in the patent licensing and legacy service access fees business. The company was formerly known as Research In Motion Limited and changed its name to BlackBerry Limited in July 2013. BlackBerry Limited was incorporated in 1984 and is headquartered in Waterloo, Canada.

Key Stats

• Today's Range: $2.41 to $2.46
• 50-Day Range: $2.11 to $2.56
• 52-Week Range: $2.01 to $5.23
• Volume: 1.20 million shs
• Average Volume: 8.84 million shs
• Market Capitalization: $1.43 billion
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $3.20
• Consensus Rating: Hold

BlackBerry Stock Analysis - MarketRank™

BlackBerry scored higher than 70% of companies evaluated by MarketBeat, and ranked 304th out of 667 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 4.2 / 5
• Analyst Rating: Hold

Consensus Rating

BlackBerry has received a consensus rating of Hold. The company's average rating score is 2.38, and is based on 1 buy rating, 6 hold ratings, and no sell ratings.

Amount of Analyst Coverage

BlackBerry has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for BlackBerry are expected to grow in the coming year, from ($0.09) to ($0.03) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of BlackBerry is -8.34, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of BlackBerry is -8.34, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

BlackBerry has a P/B Ratio of 1.83. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

5.04% of the float of BlackBerry has been sold short.

Short Interest Ratio / Days to Cover

BlackBerry has a short interest ratio ("days to cover") of 3.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in BlackBerry has recently decreased by 7.18%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

BlackBerry does not currently pay a dividend.

Dividend Growth

BlackBerry does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

5.04% of the float of BlackBerry has been sold short.

Short Interest Ratio / Days to Cover

BlackBerry has a short interest ratio ("days to cover") of 3.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in BlackBerry has recently decreased by 7.18%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 1.8 / 5
• News Sentiment: 0.27

News Sentiment

BlackBerry has a news sentiment score of 0.27. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.51 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 6 news articles for BlackBerry this week, compared to 2 articles on an average week.

Search Interest

Only 136 people have searched for BB on MarketBeat in the last 30 days. This is a decrease of -26% compared to the previous 30 days.

MarketBeat Follows

Only 5 people have added BlackBerry to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, BlackBerry insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $128,745.00 in company stock.

Percentage Held by Insiders

Only 0.34% of the stock of BlackBerry is held by insiders.

Percentage Held by Institutions

54.48% of the stock of BlackBerry is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

BB Stock Analysis - Frequently Asked Questions

How have BB shares performed this year?

BlackBerry's stock was trading at $3.54 at the beginning of 2024. Since then, BB stock has decreased by 31.6% and is now trading at $2.42.
View the best growth stocks for 2024 here.

How were BlackBerry's earnings last quarter?

BlackBerry Limited (NYSE:BB) posted its earnings results on Wednesday, June, 26th. The company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.01. The company's revenue was down 61.4% on a year-over-year basis.

Who are BlackBerry's major shareholders?

BlackBerry's top institutional shareholders include Primecap Management Co. CA (5.65%), EdgePoint Investment Group Inc. (1.74%), Millennium Management LLC (0.58%) and Dimensional Fund Advisors LP (0.31%). Insiders that own company stock include John S Chen, Billy Ho, Nita C White-Ivy, Mattias Eriksson, John Joseph Giamatteo, Marjorie Dickman, Mark George Wilson, Steve Rai, Philip G Brace, Philip S Kurtz and Thomas Eacobacci.
View institutional ownership trends.

How do I buy shares of BlackBerry?

Shares of BB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of BlackBerry own?

Based on aggregate information from My MarketBeat watchlists, some other companies that BlackBerry investors own include NVIDIA (NVDA), Bank of America (BAC), Netflix (NFLX), Micron Technology (MU), Alibaba Group (BABA), Tesla (TSLA) and Zynga (ZNGA).

Company Calendar

• Last Earnings: 6/26/2024
• Today: 9/19/2024
• Next Earnings (Confirmed): 9/26/2024
• Fiscal Year End: 2/28/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Computer and Technology
• Industry: Prepackaged software
• Sub-Industry: Wireless Telecommunication Services
• Current Symbol: NYSE:BB
• Previous Symbol: NASDAQ:RIMM
• CUSIP: N/A
• CIK: 1070235
• Web: www.blackberry.com
• Phone: (519) 888-7465
• Fax: 519-888-6906
• Employees: 2,647
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $3.20
• High Stock Price Target: $4.75
• Low Stock Price Target: $2.70
• Potential Upside/Downside: +34.5%
• Consensus Rating: Hold
• Rating Score (0-4): 2.38
• Research Coverage: 8 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.29)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-130,000,000.00
• Net Margins: -25.80%
• Pretax Margin: -21.15%
• Return on Equity: -6.43%
• Return on Assets: -3.56%

Debt

• Debt-to-Equity Ratio: 0.26
• Current Ratio: 1.43
• Quick Ratio: 1.43

Sales & Book Value

• Annual Sales: $624 million
• Price / Sales: 2.25
• Cash Flow: $0.15 per share
• Price / Cash Flow: 15.82
• Book Value: $1.32 per share
• Price / Book: 1.80

Miscellaneous

• Outstanding Shares: 590,410,000
• Free Float: 588,403,000
• Market Cap: $1.41 billion
• Optionable: Optionable
• Beta: 1.39