BlackBerry (BB) Stock Price, News & Analysis

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for BlackBerry in the last twelve months. There are currently 6 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" BB shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BB, but not buy additional shares or sell existing shares.
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6 analysts have issued 1 year target prices for BlackBerry's stock. Their BB share price targets range from $3.00 to $6.50. On average, they anticipate the company's stock price to reach $4.08 in the next twelve months. This suggests a possible upside of 43.8% from the stock's current price.
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BlackBerry's stock was trading at $3.54 on January 1st, 2024. Since then, BB shares have decreased by 19.8% and is now trading at $2.84.
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BlackBerry saw a increase in short interest in the month of March. As of March 31st, there was short interest totaling 47,870,000 shares, an increase of 10.6% from the March 15th total of 43,290,000 shares. Based on an average daily trading volume, of 10,050,000 shares, the days-to-cover ratio is currently 4.8 days. Currently, 8.3% of the company's shares are sold short.
View BlackBerry's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, June 26th 2024.
View our BB earnings forecast.

BlackBerry will be holding an earnings conference call on Wednesday, June 26th at 5:30 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 877-344-7529 with passcode "8962207".

BlackBerry Limited (NYSE:BB) announced its quarterly earnings data on Wednesday, April, 3rd. The company reported $0.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.03) by $0.06. The firm earned $173 million during the quarter, compared to analyst estimates of $150.47 million. BlackBerry had a negative net margin of 15.24% and a negative trailing twelve-month return on equity of 0.24%. The business's quarterly revenue was up 14.6% compared to the same quarter last year. During the same quarter last year, the company earned ($0.04) earnings per share.

ETFs with the largest weight of BlackBerry (NYSE:BB) stock in their portfolio include iShares Cybersecurity and Tech ETF (IHAK), First Trust Nasdaq Cybersecurity ETF (CIBR), First Trust Nasdaq Artificial Intelligence and Robotics ETF (ROBT), SPDR Kensho Future Security ETF (FITE), Xtrackers Cybersecurity Select Equity ETF (PSWD) and Global X Autonomous & Electric Vehicles ETF (DRIV).Global X Internet of Things Thematic ETF (SNSR).

BlackBerry updated its FY25 earnings guidance on Wednesday, April, 3rd. The company provided earnings per share (EPS) guidance of $(0.07)-$(0.03) for the period, compared to the consensus estimate of ($0.06). The company issued revenue guidance of $586-616 million, compared to the consensus revenue estimate of $627.42 million.

706 employees have rated BlackBerry Chief Executive Officer John Chen on Glassdoor.com. John Chen has an approval rating of 50% among the company's employees. This puts John Chen in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other BlackBerry investors own include NVIDIA (NVDA), Bank of America (BAC), Netflix (NFLX), Micron Technology (MU), Alibaba Group (BABA), Tesla (TSLA), Zynga (ZNGA), Advanced Micro Devices (AMD), Cisco Systems (CSCO) and Walt Disney (DIS).

BlackBerry's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Beech Hill Advisors Inc. (0.02%), IMC Chicago LLC (0.00%) and International Assets Investment Management LLC (0.00%). Insiders that own company stock include Billy Ho, John Joseph Giamatteo, John S Chen, Marjorie Dickman, Mark George Wilson, Mattias Eriksson, Nita C White-Ivy, Philip G Brace, Philip S Kurtz, Steve Rai and Thomas Eacobacci.
View institutional ownership trends.

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.
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