BlackBerry (NYSE:BB) Releases Q2 2026 Earnings Guidance

BlackBerry (NYSE:BB - Get Free Report) issued an update on its second quarter 2026 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 0.000-0.010 for the period, compared to the consensus estimate of 0.010. The company issued revenue guidance of $115.0 million-$125.0 million, compared to the consensus revenue estimate of $122.4 million. BlackBerry also updated its FY 2026 guidance to 0.080-0.100 EPS.

BlackBerry Stock Performance

BB traded up $0.02 on Tuesday, hitting $4.34. The company had a trading volume of 17,425,371 shares, compared to its average volume of 13,926,223. The company's fifty day moving average price is $3.81 and its 200 day moving average price is $4.03. BlackBerry has a 1-year low of $2.01 and a 1-year high of $6.24. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.72 and a quick ratio of 1.72. The stock has a market cap of $2.58 billion, a price-to-earnings ratio of -33.35 and a beta of 1.45.

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

Analysts Set New Price Targets

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

Insider Buying and Selling at BlackBerry

In other news, SVP Jennifer Armstrong-Owen sold 29,940 shares of the company's stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $2.99, for a total value of $89,520.60. Following the completion of the sale, the senior vice president now directly owns 42,398 shares of the company's stock, valued at $126,770.02. This represents a 41.39% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last three months, insiders have sold 37,216 shares of company stock worth $112,025. Company insiders own 0.37% of the company's stock.

Institutional Trading of BlackBerry

A hedge fund recently raised its stake in BlackBerry stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of BlackBerry Limited (NYSE:BB - Free Report) by 1.3% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 823,822 shares of the company's stock after purchasing an additional 10,667 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned 0.14% of BlackBerry worth $3,106,000 as of its most recent filing with the SEC. 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.

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