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

BlackBerry Limited (NYSE:BB)’s share price gapped up before the market opened on Thursday following a better than expected earnings announcement. The stock had previously closed at $8.62, but opened at $9.72. BlackBerry shares last traded at $10.4410, with a volume of 21,610,811 shares traded.

The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.01. BlackBerry had a return on equity of 11.72% and a net margin of 10.31%.The business had revenue of $152.90 million for the quarter, compared to the consensus estimate of $139.81 million. During the same quarter in the previous year, the business earned $0.02 earnings per share. BlackBerry’s quarterly revenue was up 25.6% on a year-over-year basis. BlackBerry has set its FY 2027 guidance at 0.160-0.200 EPS and its Q2 2027 guidance at 0.030-0.040 EPS.

Trending Headlines about BlackBerry

Here are the key news stories impacting BlackBerry this week:

• Positive Sentiment: BlackBerry beat fiscal Q1 expectations on both EPS and revenue, with revenue up 26% year over year and adjusted EPS above estimates, signaling improving operating momentum. BlackBerry Reports First Quarter Fiscal Year 2027 Results
• Positive Sentiment: The company raised its FY2027 guidance, with management citing strength in QNX and Secure Communications, which supports confidence in continued growth and profitability. BlackBerry Q1 Earnings Call Highlights QNX Growth & Higher Outlook
• Positive Sentiment: QNX remains a key driver, with strong automotive embedded-software growth and expanding AI-related opportunities helping investors re-rate the stock higher. BlackBerry Sees New AI Opportunities as Embedded-Software Business Accelerates
• Positive Sentiment: Brokerage sentiment improved after the results, with CIBC raising its price target and maintaining an outperformer rating, while TD also lifted its target despite a hold rating. Analyst target update
• Neutral Sentiment: BlackBerry also reported its first cash-positive quarter in nine years, a milestone that supports the turnaround story but may take time to flow through to valuation.
• Negative Sentiment: TD’s new $8 price target is still well below the current trading level, implying meaningful downside if the stock’s post-earnings optimism fades. BayStreet.CA analyst ratings

Wall Street Analyst Weigh In

Several brokerages have weighed in on BB. Canaccord Genuity Group set a $10.30 price objective on shares of BlackBerry in a research note on Friday. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $9.00 price target on shares of BlackBerry in a research report on Friday. TD boosted their price target on BlackBerry from $5.00 to $8.00 and gave the company a “hold” rating in a research note on Friday. Wall Street Zen raised BlackBerry from a “hold” rating to a “buy” rating in a research report on Monday, June 8th. Finally, TD Securities restated a “hold” rating and set a $8.00 price objective on shares of BlackBerry in a research note on Friday. Two analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $8.92.

Insider Buying and Selling

In related news, CEO John Joseph Giamatteo sold 27,066 shares of BlackBerry stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $3.56, for a total value of $96,354.96. Following the transaction, the chief executive officer directly owned 899,146 shares of the company’s stock, valued at $3,200,959.76. This trade represents a 2.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Jennifer Armstrong-Owen sold 29,908 shares of the business’s 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 transaction, the senior vice president owned 94,903 shares of the company’s stock, valued at approximately $337,854.68. This represents a 23.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 73,171 shares of company stock valued at $260,489. 0.51% of the stock is currently owned by insiders.

Hedge Funds Weigh In On BlackBerry

Institutional investors and hedge funds have recently bought and sold shares of the company. First Trust Advisors LP increased its holdings in BlackBerry by 34.4% in the fourth quarter. First Trust Advisors LP now owns 24,991,652 shares of the company’s stock valued at $94,718,000 after purchasing an additional 6,399,502 shares during the period. Vanguard Group Inc. boosted its holdings in shares of BlackBerry by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 23,935,970 shares of the company’s stock worth $90,334,000 after buying an additional 142,924 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in BlackBerry by 1.3% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,799,334 shares of the company’s stock worth $77,116,000 after acquiring an additional 209,448 shares in the last quarter. Bank of America Corp DE grew its stake in shares of BlackBerry by 21.3% in the 3rd quarter. Bank of America Corp DE now owns 5,584,564 shares of the company’s stock valued at $27,253,000 after buying an additional 980,359 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in BlackBerry by 31.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,051,338 shares of the company’s stock valued at $15,355,000 after buying an additional 972,738 shares in the last quarter. Institutional investors and hedge funds own 54.48% of the company’s stock.

BlackBerry Trading Up 9.8%

The firm has a market capitalization of $6.66 billion, a price-to-earnings ratio of 126.21 and a beta of 2.29. The business has a 50 day moving average of $7.52 and a two-hundred day moving average of $5.02. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.12 and a current ratio of 2.12.

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.