BlackBerry (BB) Scheduled to Post Quarterly Earnings on Wednesday

BlackBerry (TSE:BB - Get Free Report) NASDAQ: BBRY is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, April 3rd. Analysts expect BlackBerry to post earnings of C($0.04) per share for the quarter.

BlackBerry Stock Up 3.3 %

Shares of TSE:BB traded up C$0.12 during midday trading on Wednesday, hitting C$3.73. 1,444,706 shares of the company's stock traded hands, compared to its average volume of 2,038,014. The company has a debt-to-equity ratio of 27.15, a quick ratio of 1.49 and a current ratio of 0.89. The company has a market cap of C$2.18 billion, a PE ratio of -2.69, a P/E/G ratio of 0.06 and a beta of 1.09. The firm's fifty day moving average price is C$3.83 and its two-hundred day moving average price is C$4.80. BlackBerry has a twelve month low of C$3.35 and a twelve month high of C$7.82.

Insiders Place Their Bets

In related news, Director Philip Gordon Brace bought 35,000 shares of the company's stock in a transaction dated Wednesday, February 14th. The stock was bought at an average price of C$2.79 per share, with a total value of C$97,650.00. 1.67% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Canaccord Genuity Group reduced their target price on shares of BlackBerry from C$4.25 to C$3.25 and set a "hold" rating on the stock in a report on Wednesday, February 14th. TD Securities cut their price objective on shares of BlackBerry from C$4.00 to C$3.00 and set a "sector perform" rating on the stock in a report on Wednesday, February 14th. Finally, Royal Bank of Canada cut their price objective on shares of BlackBerry from C$4.50 to C$4.00 and set a "sector perform" rating on the stock in a report on Thursday, December 21st.

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 CylancePROTECT, an endpoint protection platform and mobile threat defense solution; CylanceOPTICS, an endpoint detection and response solution; CylanceGUARD, a managed detection and response solution; CylanceGATEWAY, an AI-empowered zero-trust network access solution; CylancePERSONA, a user and entity behavior analytics solution; BlackBerry unified endpoint management, a central software component for secure communications platform; BlackBerry Dynamics, a development platform and secure container for mobile applications; and BlackBerry Workspaces solutions.