NYSE:BB - BlackBerry Stock Price, News, & Analysis

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$8.70 +0.21 (+2.47 %)
(As of 02/18/2019 03:39 PM ET)
Previous Close$8.49
Today's Range$8.5199 - $8.72
52-Week Range$6.57 - $13.38
Volume2.45 million shs
Average Volume2.68 million shs
Market Capitalization$4.76 billion
P/E Ratio174.00
Dividend YieldN/A
Beta2.03
BlackBerry Limited operates as an enterprise software and services company focused on securing and managing endpoints in the Internet of Things. It offers BlackBerry Enterprise Mobility Suite, which combines and integrates mobile security, management, productivity, and collaboration solutions, such as BlackBerry UEM, BlackBerry Dynamics, and BlackBerry Workspaces; BlackBerry AtHoc, a secure and networked crisis communications solution; SecuSUITE for Government, a voice encryption software solution; BlackBerry Enterprise Consulting and BlackBerry Cybersecurity Consulting; and BBM Enterprise, an enterprise-grade secure instant messaging solution, as well as Communications Platform as a Service. The company also provides BlackBerry QNX, a software for automotive electronics; BlackBerry Jarvis, a cloud-based static binary code-scanning solution; Certicom that offers software components and end-to-end security solutions targeted at bandwidth and resource-constrained applications; Paratek, which offers adaptive radio frequency antenna tuning technology; BlackBerry Radar, an asset tracking and telematics product. In addition, it offers intellectual property and licensing; mobility licensing; other licensing programs; and develops legacy BlackBerry 10 platform, and delivers BlackBerry productivity applications to Android smartphone. Further, the company engages in the development and licensing of secure device software and the outsourcing to partners of design, manufacturing, sales, and customer support for BlackBerry-branded handsets; and provision of Android smartphones, smartphone accessories, and non-warranty repair services. Additionally, it is involved in the operations related to subscribers using mobile devices with its legacy BlackBerry 7 and prior operating systems. The company was formerly known as Research In Motion Limited and changed its name to BlackBerry Limited in July 2013. BlackBerry Limited was founded in 1984 and is headquartered in Waterloo, Canada.

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Industry, Sector and Symbol

Industry Prepackaged software
Sub-IndustryN/A
SectorComputer and Technology
Previous SymbolNASDAQ:RIMM
CUSIPN/A
Phone519-888-7465

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$932 million
Cash Flow$0.3914 per share
Book Value$4.67 per share

Profitability

Net Income$405 million

Miscellaneous

Employees3,288
Market Cap$4.76 billion
OptionableOptionable

BlackBerry (NYSE:BB) Frequently Asked Questions

What is BlackBerry's stock symbol?

BlackBerry trades on the New York Stock Exchange (NYSE) under the ticker symbol "BB."

How were BlackBerry's earnings last quarter?

BlackBerry Ltd (NYSE:BB) posted its quarterly earnings results on Thursday, December, 20th. The company reported $0.05 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.02 by $0.03. The company had revenue of $226 million for the quarter, compared to the consensus estimate of $215.38 million. BlackBerry had a return on equity of 0.98% and a net margin of 3.63%. The firm's quarterly revenue was up .0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.03 EPS. View BlackBerry's Earnings History.

When is BlackBerry's next earnings date?

BlackBerry is scheduled to release their next quarterly earnings announcement on Wednesday, March 27th 2019. View Earnings Estimates for BlackBerry.

What guidance has BlackBerry issued on next quarter's earnings?

BlackBerry updated its FY19 earnings guidance on Thursday, December, 20th. The company provided earnings per share guidance of positive EPS for the period, compared to the Thomson Reuters consensus EPS estimate of $0.13.

What price target have analysts set for BB?

7 brokerages have issued 1 year target prices for BlackBerry's stock. Their predictions range from $8.00 to $14.00. On average, they anticipate BlackBerry's stock price to reach $10.50 in the next twelve months. This suggests a possible upside of 20.7% from the stock's current price. View Analyst Price Targets for BlackBerry.

What is the consensus analysts' recommendation for BlackBerry?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for BlackBerry in the last year. There are currently 1 sell rating, 5 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for BlackBerry.

What are Wall Street analysts saying about BlackBerry stock?

Here are some recent quotes from research analysts about BlackBerry stock:
  • 1. According to Zacks Investment Research, "BlackBerry reported healthy third-quarter fiscal 2019 results driven by growth in software and services business, and lower operating expenses. The company provides one of the most secure end-to-end mobile enterprise solutions in the market through a broad portfolio of products and services. With a holistic growth model, focusing both on organic and inorganic investments, the company aims to extend its market leadership in the enterprise mobility segment. Robust software sales benefit BlackBerry immensely while growth in its cybersecurity business with opportune acquisitions remains a huge positive. BlackBerry has also provided bullish outlook for software and service revenues in fiscal 2019. However, the stock has underperformed the industry in the past three months on an average. High technological obsolescence remains a challenge for BlackBerry, increasing its operating costs through continuous R&D efforts for new product introductions." (12/31/2018)
  • 2. Canaccord Genuity analysts commented, "We believe this transaction accelerates BlackBerry’s strategy of leading secure endpoint enterprise-of-things (“EoT”) communications, benefits multiple areas of the business across UEM, QNX and Spark, and drives potential synergies given the complementary customer bases. With the IoT market’s heightened growth expectations of both security and AI, as well as investor anticipation for BlackBerry’s cash deployment, we believe the transaction will be well received by the market. However, given post-merger platform integration that needs completion before synergies are realized and the premium deal multiple, we maintain our HOLD rating and $11 price target and await more color on pro forma financial impact from management post closing the acquisition." (11/16/2018)

Has BlackBerry been receiving favorable news coverage?

Press coverage about BB stock has trended positive on Monday, according to InfoTrie Sentiment. The research firm ranks the sentiment of news coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. BlackBerry earned a news sentiment score of 2.3 on InfoTrie's scale. They also assigned headlines about the company a news buzz of 6.0 out of 10, meaning that recent news coverage is somewhat likely to have an impact on the company's share price in the next few days.

Who are some of BlackBerry's key competitors?

Who are BlackBerry's key executives?

BlackBerry's management team includes the folowing people:
  • Mr. John S. Chen, Exec. Chairman & CEO (Age 63)
  • Mr. Steven M. Capelli, Chief Financial Officer (Age 61)
  • Mr. Carl J. Wiese, Pres of Global Sales
  • Mr. Bryan Palma, Pres & COO
  • Mr. Mike Webber, Chief Information Officer & Chief Information Security Officer

Who are BlackBerry's major shareholders?

BlackBerry's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Iridian Asset Management LLC CT (2.55%), Mackenzie Financial Corp (1.76%), Ontario Teachers Pension Plan Board (1.46%), Kahn Brothers Group Inc. DE (0.84%), TD Asset Management Inc. (0.83%) and Letko Brosseau & Associates Inc. (0.67%).

Which major investors are selling BlackBerry stock?

BB stock was sold by a variety of institutional investors in the last quarter, including Connor Clark & Lunn Investment Management Ltd., Toronto Dominion Bank, New York State Common Retirement Fund, BlackRock Inc., Northern Trust Corp, Jennison Associates LLC, Virtu Financial LLC and Intact Investment Management Inc..

Which major investors are buying BlackBerry stock?

BB stock was bought by a variety of institutional investors in the last quarter, including Mackenzie Financial Corp, Two Sigma Investments LP, Iridian Asset Management LLC CT, Bank of America Corp DE, Two Sigma Advisers LP, Fiera Capital Corp, Highbridge Capital Management LLC and Bank of Nova Scotia.

How do I buy shares of BlackBerry?

Shares of BB can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is BlackBerry's stock price today?

One share of BB stock can currently be purchased for approximately $8.70.

How big of a company is BlackBerry?

BlackBerry has a market capitalization of $4.76 billion and generates $932 million in revenue each year. The company earns $405 million in net income (profit) each year or $0.05 on an earnings per share basis. BlackBerry employs 3,288 workers across the globe.

What is BlackBerry's official website?

The official website for BlackBerry is http://ca.blackberry.com.

How can I contact BlackBerry?

BlackBerry's mailing address is 2200 University Ave East, Waterloo A6, N2K 0A7. The company can be reached via phone at 519-888-7465 or via email at [email protected]


MarketBeat Community Rating for BlackBerry (NYSE BB)

Community Ranking:  2.8 out of 5 (star star)
Outperform Votes:  458 (Vote Outperform)
Underperform Votes:  361 (Vote Underperform)
Total Votes:  819
MarketBeat's community ratings are surveys of what our community members think about BlackBerry and other stocks. Vote "Outperform" if you believe BB will outperform the S&P 500 over the long term. Vote "Underperform" if you believe BB will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 2/18/2019 by MarketBeat.com Staff

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