BlackBerry Limited (BlackBerry) provides mobile communications solutions. The Company is engaged in the sale of smartphones and enterprise software and services. The Company's products and services include Enterprise Solutions and Services, Devices, BlackBerry Technology Solutions and Messaging. It is engaged in providing enterprise mobility management (EMM) and mobile security, and offers a portfolio of enterprise software solutions and services that can be deployed across a range of ecosystems and devices, including BlackBerry Enterprise Service (BES) 12 and Good Platforms, BES12 Cloud, enterprise file-sync-and-share (EFSS), SecuSUITE for Enterprise, Enhanced subscriber identity module (SIM)-Based Licensing (ESBL), WorkLife by BlackBerry solution and Professional Cybersecurity Services. The BlackBerry Technology Solutions business unit consists of five units: QNX, Certicom, Paratek, the BlackBerry IoT Platform and Intellectual Property and Patent Licensing (IPPL).
Industry, Sector and Symbol:
- Sector: Computer and Technology
- Industry: Wireless Telecommunications Services - NEC
- Sub-Industry: N/A
- Symbol: NASDAQ:BBRY
- CUSIP: N/A
- Web: ca.blackberry.com
- Market Cap: $4.56 billion
- Outstanding Shares: 531,000,000
- 50 Day Moving Avg: $9.55
- 200 Day Moving Avg: $8.92
- 52 Week Range: $6.65 - $11.74
Sales & Book Value:
- Trailing P/E Ratio: 35.31
- Foreward P/E Ratio: 122.57
- P/E Growth: 29.13
- Annual Revenue: $1.14 billion
- Price / Sales: 4.00
- Book Value: $5.15 per share
- Price / Book: 1.67
- EBIDTA: $124 million
- Net Margins: 11.68%
- Return on Equity: -1.67%
- Return on Assets: -1.01%
- Debt-to-Equity Ratio: 0.30%
- Current Ratio: 5.32%
- Quick Ratio: 5.30%
- Average Volume: 7.66 million shs.
- Beta: 0.97
- Short Ratio: 9.76
Frequently Asked Questions for BlackBerry Limited (NASDAQ:BBRY)
What is BlackBerry Limited's stock symbol?
BlackBerry Limited trades on the NASDAQ under the ticker symbol "BBRY."
How will BlackBerry Limited's stock buyback program work?
BlackBerry Limited announced that its Board of Directors has authorized a stock buyback plan on Monday, August 7th 2017, which permits the company to repurchase 31,000,000 outstanding shares, according to EventVestor. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company's leadership believes its stock is undervalued.
How were BlackBerry Limited's earnings last quarter?
BlackBerry Limited (NASDAQ:BBRY) released its quarterly earnings data on Friday, June, 23rd. The company reported $0.02 earnings per share (EPS) for the quarter, meeting the Thomson Reuters' consensus estimate of $0.02. The business had revenue of $244 million for the quarter, compared to analysts' expectations of $262.80 million. BlackBerry Limited had a negative return on equity of 1.67% and a net margin of 11.68%. BlackBerry Limited's revenue for the quarter was down 42.5% compared to the same quarter last year. View BlackBerry Limited's Earnings History.
When will BlackBerry Limited make its next earnings announcement?
Where is BlackBerry Limited's stock going? Where will BlackBerry Limited's stock price be in 2017?
17 brokers have issued 12 month price targets for BlackBerry Limited's shares. Their forecasts range from $7.00 to $11.00. On average, they expect BlackBerry Limited's share price to reach $9.19 in the next year. View Analyst Ratings for BlackBerry Limited.
What are analysts saying about BlackBerry Limited stock?
Here are some recent quotes from research analysts about BlackBerry Limited stock:
- 1. According to Zacks Investment Research, "Shares of BlackBerry have outperformed the Zacks categorized Wireless - Non US industry over the last three months. Ushering in further good news, the company's bottom line performance was better- than-expected in the first-quarter of fiscal 2018. The company's decision to end all internal hardware development and focus exclusively on software bussiness seems to be paying off. BlackBerry expects its software business to either outperform or at least perform at par with the overall market in fiscal 2018. In fact, the company anticipates profitability (on an adjusted basis) and also expects to generate positive free cash flow in fiscal 2018. In order to strengthen its position in the software business, BlackBerry has recently inked multiple deals. However, the company's struggles on the top line front raise concerns." (6/28/2017)
- 2. Macquarie analysts commented, "more stable business environment for the company."Papageorgiou also noted that BlackBerry's market share of "infotainment" technologies in the auto sector stands at more than half of the entire market. However, the company only generates around $1.00 to $1.50 per vehicle, but the company believes this figure can grow as high as $5 per vehicle.Bottom line, the analyst acknowledged that there is still risk involved in BlackBerry's stock but said, "We believe the potential returns outweigh them." (4/3/2017)
- 3. Canaccord Genuity analysts commented, "We believe BlackBerry faces challenges and must execute on further developing an enterprise sales channel to meaningfully accelerate software sales. While we believe the senior management team is capable of executing against the market opportunity, we believe it could take several years for meaningful progress." (1/30/2017)
Are investors shorting BlackBerry Limited?
BlackBerry Limited saw a drop in short interest during the month of July. As of July 31st, there was short interest totalling 39,952,028 shares, a drop of 7.5% from the July 14th total of 43,188,753 shares. Based on an average trading volume of 4,181,037 shares, the short-interest ratio is presently 9.6 days. Approximately 7.7% of the company's stock are short sold.
Who are some of BlackBerry Limited's key competitors?
Some companies that are related to BlackBerry Limited include Mobile TeleSystems OJSC (MBT), TIM Participacoes S.A. (TSU), United States Cellular Corporation (USM), Telephone and Data Systems (TDS), Gogo (GOGO), Cellcom Israel (CEL), ORBCOMM (ORBC), CalAmp Corp. (CAMP), Intelsat S.A. (I), pdvWireless (PDVW), Filtronic Plc (FTC), Superconductor Technologies (SCON), BlackBerry Ltd (RIMM), Meru Networks (MERU), RR Media Ltd (RRM), Ruckus Wireless (RKUS) and Vodafone Group PLC (VOD).
Who are BlackBerry Limited's key executives?
BlackBerry Limited's management team includes the folowing people:
- John S. Chen, Executive Chairman of the Board, Chief Executive Officer
- Steven M. Capelli, Chief Financial Officer
- Sandeep Chennakeshu, President - BlackBerry Technology Solutions
- Carl James Wiese, President - Global Sales
- Marty J. Beard, Chief Operating Officer
- Nita White-Ivy, Executive Vice President - Human Resources
- Sai Yuen Ho, Executive Vice President - Enterprise Products and Value Added Solutions
- Steven E. Zipperstein, Chief Legal Officer, Corporate Secretary
- V. Prem Watsa, Lead Independent Director
- Laurie Smaldone Alsup M.D., Independent Director
Who owns BlackBerry Limited stock?
BlackBerry Limited's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Iridian Asset Management LLC CT (4.29%), Ontario Teachers Pension Plan Board (2.41%), Vanguard Group Inc. (2.15%), Renaissance Technologies LLC (1.53%), First Eagle Investment Management LLC (1.16%) and CIBC World Markets Inc. (1.15%). View Institutional Ownership Trends for BlackBerry Limited.
Who sold BlackBerry Limited stock? Who is selling BlackBerry Limited stock?
BlackBerry Limited's stock was sold by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Iridian Asset Management LLC CT, Ontario Teachers Pension Plan Board, Royal Bank of Canada, Bank of Montreal Can, PineView Asset Management LP, Crawford Lake Capital Management LLC and Dimensional Fund Advisors LP. View Insider Buying and Selling for BlackBerry Limited.
Who bought BlackBerry Limited stock? Who is buying BlackBerry Limited stock?
BlackBerry Limited's stock was acquired by a variety of institutional investors in the last quarter, including Contour Asset Management LLC, FMR LLC, CI Investments Inc., Kornitzer Capital Management Inc. KS, Beck Mack & Oliver LLC, Jennison Associates LLC, Quantitative Investment Management LLC and Vanguard Group Inc.. View Insider Buying and Selling for BlackBerry Limited.
How do I buy BlackBerry Limited stock?
Shares of BlackBerry Limited can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is BlackBerry Limited's stock price today?
MarketBeat Community Rating for BlackBerry Limited (NASDAQ BBRY)MarketBeat's community ratings are surveys of what our community members think about BlackBerry Limited and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of BlackBerry Limited stock can currently be purchased for approximately $8.58.
Consensus Ratings for BlackBerry Limited (NASDAQ:BBRY) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||2 Sell Ratings, 11 Hold Ratings, 4 Buy Ratings|
|Consensus Rating:||Hold (Score: 2.12)|
|Consensus Price Target: ||$9.19 (7.12% upside)|
Analysts' Ratings History for BlackBerry Limited (NASDAQ:BBRY)
(Data available from 8/21/2016 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|8/13/2017||Goldman Sachs Group, Inc. (The)||Reiterated Rating||Sell||Medium|
|8/9/2017||Royal Bank Of Canada||Set Price Target||Hold||$10.00||Low|
|7/4/2017||William Blair||Reiterated Rating||Market Perform||N/A|
|7/4/2017||Imperial Capital||Reiterated Rating||In-Line||$8.25||N/A|
|6/26/2017||BMO Capital Markets||Reiterated Rating||Market Perform||$9.00 -> $10.00||Medium|
|6/26/2017||Deutsche Bank AG||Reiterated Rating||Hold||$7.00 -> $7.50||Medium|
|6/26/2017||Wells Fargo & Company||Reiterated Rating||Market Perform||$8.50 -> $9.00||Medium|
|6/26/2017||Scotiabank||Boost Price Target||Outperform||$10.00 -> $11.00||Low|
|6/21/2017||Credit Suisse Group||Reiterated Rating||Underperform||$8.00||High|
|6/21/2017||Morgan Stanley||Lower Price Target||Equal Weight||$10.00 -> $7.00||Medium|
|5/30/2017||Raymond James Financial, Inc.||Reiterated Rating||Outperform -> Mkt Perform||Low|
|4/12/2017||Canaccord Genuity||Set Price Target||Hold||$8.00 -> $10.00||Medium|
|4/12/2017||CIBC||Upgrade||Sector Underperform -> Sector Perform||$10.00||Medium|
|4/3/2017||Macquarie||Upgrade||Neutral -> Outperform||$8.10 -> $9.00||Low|
|3/13/2017||Global Equities Research||Initiated Coverage||Overweight||$11.00||Low|
|12/23/2016||MKM Partners||Reiterated Rating||Neutral||$8.00||N/A|
|9/30/2016||TD Securities||Reiterated Rating||Buy||$9.00 -> $10.00||N/A|
|8/29/2016||J P Morgan Chase & Co||Boost Price Target||Neutral||$7.00 -> $8.00||N/A|
Earnings History for BlackBerry Limited (NASDAQ:BBRY)Earnings History by Quarter for BlackBerry Limited (NASDAQ BBRY)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|6/23/2017||Q1 18||$0.02||$0.02||$262.80 million||$244.00 million||View||N/A|
|3/31/2017||2/28/2017||($0.04)||$0.04||$288.45 million||$297.00 million||View||N/A|
|12/20/2016||Q317||($0.01)||$0.02||$331.47 million||$301.00 million||View||N/A|
|9/28/2016||Q217||($0.05)||($0.03)||$390.66 million||$352.00 million||View||Listen|
|4/1/2016||Q416||($0.10)||($0.03)||$559.74 million||$464.00 million||View||N/A|
|12/18/2015||Q316||($0.14)||($0.03)||$485.21 million||$548.00 million||View||Listen|
|9/25/2015||Q216||($0.09)||($0.13)||$609.47 million||$490.00 million||View||Listen|
|6/23/2015||Q116||($0.03)||($0.05)||$684.52 million||$658.00 million||View||Listen|
|3/27/2015||Q415||($0.03)||$0.04||$802.29 million||$660.00 million||View||N/A|
|12/19/2014||Q315||($0.06)||$0.01||$927.83 million||$793.00 million||View||N/A|
|9/26/2014||Q215||($0.17)||($0.02)||$915.76 million||$916.00 million||View||N/A|
|6/19/2014||Q115||($0.27)||($0.11)||$976.25 million||$966.00 million||View||N/A|
|3/28/2014||Q414||($0.57)||($0.08)||$1.11 billion||$976.00 million||View||N/A|
|12/20/2013||Q314||($0.43)||($0.67)||$1.59 billion||$1.19 billion||View||Listen|
|9/27/2013||Q214||($0.15)||($0.47)||$1.63 billion||$1.60 billion||View||N/A|
|6/28/2013||Q1 2014||$0.04||($0.13)||$2.81 billion||$3.07 billion||View||N/A|
|3/28/2013||Q413||($0.30)||$0.22||$2.84 billion||$2.70 billion||View||N/A|
Earnings Estimates for BlackBerry Limited (NASDAQ:BBRY)
2017 EPS Consensus Estimate: ($0.35)
2018 EPS Consensus Estimate: ($0.06)
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Dividend History for BlackBerry Limited (NASDAQ:BBRY)
No dividend announcements for this company have been tracked by MarketBeat.com
Insider Trading History for BlackBerry Limited (NASDAQ:BBRY)
No insider trades for this company have been tracked by MarketBeat.com
Headline Trends for BlackBerry Limited (NASDAQ:BBRY)
Latest Headlines for BlackBerry Limited (NASDAQ:BBRY)
BlackBerry Limited (BBRY) Chart for Monday, August, 21, 2017