BlackBerry (NYSE:BB) Issues Quarterly Earnings Results

Key Points

• BlackBerry reported earnings of $0.03 per share for the latest quarter, surpassing estimates of $0.01 by $0.02.
• The company has revised its Q3 and FY 2026 guidance, now expecting EPS of 0.020-0.040 for Q3 and 0.110-0.15 for FY 2026.
• There was significant institutional investor activity, with MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increasing its stake by 1,390.6% in the last quarter.

BlackBerry (NYSE:BB - Get Free Report) released its quarterly earnings data on Thursday. The company reported $0.03 earnings per share for the quarter, beating analysts' consensus estimates of $0.01 by $0.02, Zacks reports. BlackBerry had a negative net margin of 6.44% and a positive return on equity of 2.29%. BlackBerry updated its Q3 2026 guidance to 0.020-0.040 EPS and its FY 2026 guidance to 0.110-0.15 EPS.

BlackBerry Trading Up 0.4%

NYSE BB opened at $4.29 on Thursday. The company's 50-day moving average price is $3.85 and its 200-day moving average price is $3.88. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.27. The stock has a market cap of $2.53 billion, a PE ratio of -71.42 and a beta of 1.49. BlackBerry has a 12 month low of $2.24 and a 12 month high of $6.24.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on BB shares. Robert W. Baird upped their price objective on BlackBerry from $4.00 to $5.00 and gave the company a "neutral" rating in a research report on Wednesday, June 25th. Royal Bank Of Canada set a $4.00 price target on BlackBerry and gave the company a "sector perform" rating in a report on Monday. CIBC reiterated an "outperform" rating on shares of BlackBerry in a report on Tuesday, June 24th. Canaccord Genuity Group upped their target price on shares of BlackBerry from $4.25 to $4.60 and gave the company a "hold" rating in a research note on Tuesday, June 24th. Finally, Wall Street Zen downgraded shares of BlackBerry from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $4.60.

Insiders Place Their Bets

In other BlackBerry news, CEO John Joseph Giamatteo sold 26,998 shares of the company's stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $4.32, for a total value of $116,631.36. Following the transaction, the chief executive officer directly owned 530,135 shares in the company, valued at $2,290,183.20. This represents a 4.85% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last three months, insiders have sold 42,200 shares of company stock worth $182,385. Company insiders own 0.37% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of BB. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in BlackBerry by 1,390.6% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,589,886 shares of the company's stock valued at $71,397,000 after purchasing an additional 14,544,005 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of BlackBerry by 183.6% in the second quarter. Bank of America Corp DE now owns 4,604,205 shares of the company's stock valued at $21,087,000 after acquiring an additional 2,980,732 shares in the last quarter. Vident Advisory LLC grew its holdings in BlackBerry by 46.8% during the 2nd quarter. Vident Advisory LLC now owns 1,735,789 shares of the company's stock worth $7,950,000 after acquiring an additional 553,755 shares in the last quarter. Canada Pension Plan Investment Board grew its holdings in BlackBerry by 221.6% during the 2nd quarter. Canada Pension Plan Investment Board now owns 1,169,500 shares of the company's stock worth $5,380,000 after acquiring an additional 805,900 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of BlackBerry by 263.2% in the 2nd quarter. Geode Capital Management LLC now owns 1,167,739 shares of the company's stock valued at $5,348,000 after purchasing an additional 846,208 shares in the last quarter. Institutional investors own 54.48% of the company's stock.

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.

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