Stock Traders Buy High Volume of BlackBerry Call Options (NYSE:BB)

BlackBerry Limited (NYSE:BB) was the target of unusually large options trading on Thursday. Stock investors purchased 114,134 call options on the stock. This is an increase of approximately 63% compared to the average daily volume of 69,960 call options.

Analyst Ratings Changes

Several research firms have weighed in on BB. Canaccord Genuity Group boosted their price target on shares of BlackBerry from $8.20 to $10.30 and gave the stock a “hold” rating in a research note on Friday, June 26th. TD lifted their price objective on BlackBerry from $5.00 to $8.00 and gave the stock a “hold” rating in a report on Friday, June 26th. Zacks Research lowered BlackBerry from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 25th. Weiss Ratings cut BlackBerry from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, August 28th. Finally, Wall Street Zen upgraded BlackBerry from a “hold” rating to a “buy” rating in a research report on Saturday, August 29th. Two equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, BlackBerry has a consensus rating of “Hold” and an average target price of $8.92.

More BlackBerry News

Here are the key news stories impacting BlackBerry this week:

• Positive Sentiment: BlackBerry reported adjusted EPS of $0.07, above the $0.04 consensus estimate, while revenue rose 26% year over year to $163.3 million, exceeding expectations. The company also generated $29 million in operating cash flow and recorded its sixth consecutive quarter of positive GAAP net income. BlackBerry quarterly earnings report
• Positive Sentiment: QNX delivered record quarterly revenue, supported by automotive demand and new design wins. Its first Alloy Kore design win, described as the largest in QNX history, strengthens BlackBerry’s position in software-defined commercial vehicles. BlackBerry fiscal 2027 second-quarter results
• Positive Sentiment: Management raised fiscal 2027 revenue guidance to $616 million-$636 million, above the $614.1 million analyst consensus, and lifted its adjusted EPS outlook to $0.19-$0.22 versus a $0.18 consensus. Adjusted EBITDA also grew 81% year over year. Reuters BlackBerry forecast article
• Positive Sentiment: Call-option activity was unusually heavy, with 114,134 contracts purchased—about 63% above typical volume—suggesting increased speculative or bullish interest in BB.
• Neutral Sentiment: The strong results initially pushed the stock higher, but shares later decreased as investors assessed valuation, execution risks and whether the growth acceleration can continue.
• Negative Sentiment: Third-quarter adjusted EPS guidance of $0.04-$0.05 was centered around or slightly below the $0.05 consensus estimate, while revenue guidance of $143 million-$154 million was broadly in line with expectations. The lack of a larger near-term earnings surprise may be limiting the immediate upside. BlackBerry Q2 guidance article

BlackBerry Trading Up 3.9%

Shares of BB opened at $8.71 on Friday. The stock has a market capitalization of $5.11 billion, a P/E ratio of 96.73 and a beta of 2.23. BlackBerry has a twelve month low of $3.12 and a twelve month high of $13.59. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.26. The firm has a fifty day simple moving average of $8.31 and a two-hundred day simple moving average of $7.37.

BlackBerry (NYSE:BB) last released its quarterly earnings data on Thursday, September 24th. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.03. The firm had revenue of $166.56 million for the quarter, compared to analysts’ expectations of $144.22 million. BlackBerry had a net margin of 10.31% and a return on equity of 11.66%. The company’s revenue for the quarter was up 26.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.04 earnings per share. BlackBerry has set its FY 2027 guidance at 0.190-0.220 EPS and its Q3 2027 guidance at 0.040-0.050 EPS. On average, research analysts anticipate that BlackBerry will post 0.13 EPS for the current year.

Insider Transactions at BlackBerry

In other news, SVP Jennifer Armstrong-Owen sold 3,296 shares of the business’s stock in a transaction that occurred on Thursday, July 9th. The shares were sold at an average price of $10.92, for a total value of $35,992.32. Following the completion of the sale, the senior vice president directly owned 106,091 shares in the company, valued at approximately $1,158,513.72. The trade was a 3.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO John Giamatteo sold 152,012 shares of the company’s stock in a transaction on Thursday, July 9th. The shares were sold at an average price of $11.35, for a total transaction of $1,725,336.20. Following the completion of the sale, the chief executive officer directly owned 687,246 shares of the company’s stock, valued at $7,800,242.10. This trade represents a 18.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 355,858 shares of company stock worth $4,012,270 in the last three months. Corporate insiders own 0.51% of the company’s stock.

Institutional Investors Weigh In On BlackBerry

Several institutional investors and hedge funds have recently bought and sold shares of BB. V2 Financial group LLC lifted its position in shares of BlackBerry by 6.8% in the first quarter. V2 Financial group LLC now owns 32,100 shares of the company’s stock valued at $104,000 after acquiring an additional 2,050 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new stake in BlackBerry during the 2nd quarter valued at approximately $31,000. CoreCap Advisors LLC purchased a new stake in BlackBerry during the 2nd quarter valued at approximately $31,000. Elevation Wealth Partners LLC bought a new stake in shares of BlackBerry during the second quarter valued at approximately $32,000. Finally, Global Retirement Partners LLC bought a new stake in shares of BlackBerry during the second quarter valued at approximately $50,000. Hedge funds and other institutional investors own 54.48% of the company’s stock.

About BlackBerry

BlackBerry Limited is a Canadian software company headquartered in Waterloo, Ontario, that provides cybersecurity and Internet of Things (IoT) solutions to enterprises, governments and other organizations worldwide. Its cybersecurity offerings include endpoint protection, endpoint management, identity and access controls, secure communications, and tools designed to help organizations monitor and respond to cyber threats.

The company’s IoT business is built around QNX, a software platform used in automotive systems and other embedded applications.