BlackBerry (NYSE:BB) Updates Q1 Earnings Guidance

BlackBerry (NYSE:BB) updated its first quarter earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of ($0.01)-0.00 for the period, compared to the consensus estimate of $0.00. The company issued revenue guidance of $107-115 million, compared to the consensus revenue estimate of $124.59 million. BlackBerry also updated its FY 2026 guidance to 0.080-0.100 EPS.

Wall Street Analysts Forecast Growth

BB has been the topic of a number of recent analyst reports. Royal Bank of Canada reissued a “sector perform” rating and issued a $4.00 price objective on shares of BlackBerry in a research note on Tuesday. StockNews.com raised BlackBerry from a “sell” rating to a “hold” rating in a report on Monday, December 9th. Robert W. Baird raised their price objective on BlackBerry from $3.00 to $3.50 and gave the company a “neutral” rating in a research note on Friday, December 20th. TD Securities raised BlackBerry from a “hold” rating to a “buy” rating and boosted their target price for the stock from $3.25 to $4.00 in a research note on Friday, December 20th. Finally, Canaccord Genuity Group raised their price target on shares of BlackBerry from $3.00 to $4.75 and gave the company a “hold” rating in a research note on Tuesday, March 11th. 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 company’s stock. According to data from MarketBeat, BlackBerry has an average rating of “Moderate Buy” and an average price target of $3.91.

BlackBerry Trading Down 0.9 %

BB opened at $3.74 on Wednesday. The company’s 50 day moving average price is $4.69 and its two-hundred day moving average price is $3.50. The firm has a market capitalization of $2.23 billion, a price-to-earnings ratio of -16.98 and a beta of 1.27. BlackBerry has a fifty-two week low of $2.01 and a fifty-two week high of $6.24. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.37 and a quick ratio of 1.37.

BlackBerry (NYSE:BB) last posted its quarterly earnings data on Wednesday, April 2nd. The company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.01. The business had revenue of $141.70 million during 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%. BlackBerry’s quarterly revenue was down 7.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.03 earnings per share. As a group, research analysts predict that BlackBerry will post -0.03 earnings per share for the current year.

Insider Buying and Selling

In other news, CAO Jay P. Chai sold 24,425 shares of BlackBerry stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $4.19, for a total value of $102,340.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Mattias Eriksson sold 14,475 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $3.68, for a total value of $53,268.00. Following the sale, the insider now owns 238,838 shares in the company, valued at approximately $878,923.84. The trade was a 5.71 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 244,221 shares of company stock valued at $925,655 over the last ninety days. 0.34% of the stock is owned by company 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.