BlackBerry (NYSE:BB) Issues FY 2026 Earnings Guidance

BlackBerry (NYSE:BB - Get Free Report) updated its FY 2026 earnings guidance on Tuesday. The company provided earnings per share guidance of 0.080-0.100 for the period, compared to the consensus earnings per share estimate of 0.100. The company issued revenue guidance of $508.0 million-$538.0 million, compared to the consensus revenue estimate of $513.1 million. BlackBerry also updated its Q2 2026 guidance to 0.000-0.010 EPS.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on BB shares. Wall Street Zen upgraded BlackBerry from a "hold" rating to a "buy" rating in a report on Sunday. Canaccord Genuity Group reissued a "hold" rating on shares of BlackBerry in a research report on Tuesday. CIBC reaffirmed an "outperform" rating on shares of BlackBerry in a research report on Tuesday. Finally, Royal Bank Of Canada reissued a "sector perform" rating and issued a $3.75 price objective on shares of BlackBerry in a report on Friday. Five research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $4.12.

BlackBerry Stock Up 0.3%

BB stock traded up $0.02 during midday trading on Tuesday, hitting $4.34. The company's stock had a trading volume of 17,425,371 shares, compared to its average volume of 13,926,223. The company has a market cap of $2.58 billion, a PE ratio of -33.35 and a beta of 1.45. BlackBerry has a 12 month low of $2.01 and a 12 month high of $6.24. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.27. The firm's 50-day moving average is $3.81 and its 200-day moving average is $4.03.

BlackBerry (NYSE:BB - Get Free Report) last issued its quarterly earnings results on Wednesday, April 2nd. The company reported $0.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.02 by $0.01. The business had revenue of $141.70 million during the quarter, compared to analyst estimates of $137.56 million. BlackBerry had a negative return on equity of 1.78% and a negative net margin of 13.84%. BlackBerry's revenue for the quarter was down 7.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.03 EPS. On average, equities research analysts forecast that BlackBerry will post -0.03 earnings per share for the current fiscal year.

Insider Buying and Selling at BlackBerry

In other BlackBerry news, SVP Jennifer Armstrong-Owen sold 29,940 shares of BlackBerry stock in a transaction on Friday, April 4th. The shares were sold at an average price of $2.99, for a total value of $89,520.60. Following the transaction, the senior vice president now directly owns 42,398 shares of the company's stock, valued at approximately $126,770.02. The trade was a 41.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 37,216 shares of company stock valued at $112,025 in the last quarter. 0.37% of the stock is owned by insiders.

Hedge Funds Weigh In On BlackBerry

An institutional investor recently raised its position in BlackBerry stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in BlackBerry Limited (NYSE:BB - Free Report) by 1.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 823,822 shares of the company's stock after acquiring an additional 10,667 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned about 0.14% of BlackBerry worth $3,106,000 at the end of the most recent quarter. 54.48% of the stock is currently owned by institutional investors.

About BlackBerry

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.