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NYSE:BB

BlackBerry - BB Stock Forecast, Price & News

$4.84
+0.04 (+0.83%)
(As of 11/29/2022 03:56 PM ET)
Add
Compare
Today's Range
$4.71
▼
$4.88
50-Day Range
$3.98
▼
$4.97
52-Week Range
$3.94
▼
$10.08
Volume
321,115 shs
Average Volume
7.48 million shs
Market Capitalization
$2.80 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$5.85

BlackBerry MarketRank™ Forecast

Analyst Rating
Hold
1.80 Rating Score
Upside/​Downside
20.4% Upside
$5.85 Price Target
Short Interest
Bearish
7.75% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Selling Shares
$2.57 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.27) to ($0.20) Per Share

Overall MarketRank™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.04 out of 5 stars

Computer And Technology Sector

626th out of 632 stocks

Prepackaged Software Industry

216th out of 221 stocks

See Top Rated MarketRank™ Stocks Here
BB stock logo

About BlackBerry (NYSE:BB) Stock

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 BlackBerry Cyber Suite, which provides Cylance AI and machine learning-based cybersecurity solutions, including BlackBerry Protect, an EPP and available MTD solution; BlackBerry Optics, an EDR solution that provides visibility into and prevention of malicious activity; BlackBerry Guard, a managed detection and response solution; BlackBerry Gateway, an AI-empowered ZTNA solution; and BlackBerry Persona, a UEBA solution that provides authentication by validating user identity in real time. It also provides BlackBerry Spark Unified Endpoint Management Suite, such as BlackBerry UEM, a central software component of its secure communications platform; BlackBerry Dynamics that provides a development platform and secure container for mobile applications; BlackBerry AtHoc and BlackBerry Alert secure and networked critical event management solutions; and SecuSUITE for Government, a multi-OS voice and text messaging solution, as well as BBM Enterprise, an enterprise-grade secure instant messaging solution. In addition, the company offers BlackBerry QNX, which provides Neutrino operating system and BlackBerry QNX CAR platform, and other products; BlackBerry QNX, an embedded system solution; BlackBerry Jarvis, a cloud-based binary static application security testing platform; BlackBerry Certicom cryptography and management products, and BlackBerry Radar asset monitoring solution; and BlackBerry IVY, an intelligent vehicle data platform, as well as enterprise and cybersecurity consulting services. Further, it is involved in the patent licensing and legacy service access fees business. As of February 28, 2022, it owned approximately 38,000 worldwide patents and applications. BlackBerry Limited was incorporated in 1984 and is headquartered in Waterloo, Canada.

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BB Stock News Headlines

November 19, 2022 | americanbankingnews.com
Brokerages Set BlackBerry Limited (NYSE:BB) PT at $5.85
November 1, 2022 | finance.yahoo.com
BlackBerry Wins High Profile NATO Clearance
November 29, 2022 | Investing Trends (Ad)
Why is Russia reopening dormant copper mines?
In deepest Siberia, Russian oligarchs are pouring $15 billion into two long-dormant copper mines with close access to the lucrative China market. Copper is essential to the West's plans to transition to green energy and Russia has the third-largest reserves in the world. Is Putin making a move to corner the copper market? New sources of copper – outside Russia – are desperately needed for the West to win its war for energy independence.
October 16, 2022 | fool.com
BlackBerry (NYSE: BB)
August 24, 2022 | finance.yahoo.com
The untold story of Blackberry: New film details its spectacular rise and epic fall of the world’s first smartphone
August 23, 2022 | techcrunch.com
Someone made a BlackBerry movie starring Dennis from ‘It’s Always Sunny in Philadelphia’ - TechCrunch
August 13, 2022 | seekingalpha.com
BlackBerry Limited (BB) Presents at Oppenheimer 25th Annual Technology, Internet & Communications Conference (Transcript)
August 12, 2022 | seekingalpha.com
BlackBerry Limited (BB) Presents at Canaccord Genuity 42nd Annual Growth Conference (Transcript)
November 29, 2022 | Investing Trends (Ad)
"The Most Critical Metal for Global Economies"
The soaring demand for this "red rock" may be the most important development in 2022. It's key in the transition to the new green energy economies. Bloomberg News warns… "Within a decade, the world may face a massive shortfall of what's arguably the most critical metal for global economies." Copper prices have nearly doubled in the past year.
August 12, 2022 | seekingalpha.com
BlackBerry ticks up as Baird starts coverage, citing positive sentiment on auto software
August 10, 2022 | msn.com
Forget BlackBerry Stock: Buy This Growth Stock Instead
August 10, 2022 | finance.yahoo.com
BlackBerry Cyber Insurance Study Reveals Businesses Hope for Greater Assistance in Paying Ransomware Demands
August 8, 2022 | fool.ca
BlackBerry Stock is Rallying! Buy Before It’s Too Late
August 3, 2022 | msn.com
Got $5,000? 2 Simple TSX Stocks to Buy Right Now
August 3, 2022 | theglobeandmail.com
Blackberry Ltd stock boosted on Tuesday.
August 3, 2022 | finance.yahoo.com
BlackBerry to Participate in Upcoming Investor Conferences
August 2, 2022 | theglobeandmail.com
Blackberry Ltd stock boosted on Friday.
July 30, 2022 | theglobeandmail.com
Blackberry Ltd stock advanced on Friday.
July 25, 2022 | ca.finance.yahoo.com
2 Tech Stocks That Could Triple Your TFSA Cash in Less Than 5 Years
July 21, 2022 | barrons.com
(PR) BlackBerry and LeapXpert Join Forces to Deliver Secure Communications in a Remote Age
July 21, 2022 | theglobeandmail.com
Blackberry Ltd stock gained on Wednesday.
July 21, 2022 | finance.yahoo.com
BlackBerry (BB) & LeapXpert Team Up to Tackle Cyber Attacks
July 19, 2022 | msn.com
Double Your TFSA Cash With These Cheap TSX Stocks
July 17, 2022 | ca.finance.yahoo.com
Got $250? Here Are 3 Smart Stocks to Buy Now
July 16, 2022 | finance.yahoo.com
BlackBerry (TSE:BB) Has Debt But No Earnings; Should You Worry?
July 13, 2022 | finance.yahoo.com
BlackBerry, L-SPARK Announce Four Companies for their BlackBerry IVY Connected Car Accelerator Program
July 11, 2022 | msn.com
Why BlackBerry Stock Started July With a Bang
See More Headlines
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BB Company Calendar

Last Earnings
9/27/2022
Today
11/29/2022
Next Earnings (Estimated)
12/20/2022
Fiscal Year End
2/28/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NYSE
Industry
Prepackaged software
Sub-Industry
Wireless Telecommunication Services
Sector
Computer and Technology
Current Symbol
NYSE:BB
Previous Symbol
NASDAQ:RIMM
CUSIP
N/A
CIK
1070235
Web
www.blackberry.com
Phone
(519) 888-7465
Fax
519-888-6906
Employees
3,325
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$5.85
High Stock Price Forecast
$7.00
Low Stock Price Forecast
$4.75
Forecasted Upside/Downside
+20.9%
Consensus Rating
Hold
Rating Score (0-4)
1.80
Research Coverage
5 Analysts

Profitability

EPS (Most Recent Fiscal Year)
($0.52)
Trailing P/E Ratio
N/A
Forward P/E Ratio
N/A
P/E Growth
N/A
Net Income
$12 million
Net Margins
-2.41%
Pretax Margin
-0.85%
Return on Equity
-5.57%
Return on Assets
-3.16%

Debt

Debt-to-Equity Ratio
0.34
Current Ratio
1.82
Quick Ratio
1.82

Sales & Book Value

Annual Sales
$718 million
Price / Sales
3.91
Cash Flow
$0.17 per share
Price / Cash Flow
29.33
Book Value
$2.70 per share
Price / Book
1.79

Miscellaneous

Outstanding Shares
579,332,000
Free Float
569,564,000
Market Cap
$2.80 billion
Optionable
Optionable
Beta
1.47

Key Executives

  • Mr. John S. ChenMr. John S. Chen (Age 66)
    Exec. Chairman & CEO
    Comp: $3.02M
  • Mr. Steve RaiMr. Steve Rai
    Chief Financial Officer
  • Mr. Sai Yuen Ho (Age 65)
    EVP & Corp. Officer of Product Engineering of Spark Group Products & Value Added Solutions
    Comp: $707.27k
  • Mr. Mattias ErikssonMr. Mattias Eriksson
    Pres of IoT Bus. Unit
  • Mr. John Joseph Giamatteo (Age 55)
    Pres & Acting GM of BlackBerry Cyber Security Bus. Unit
    Comp: $453.6k
  • Mr. Charles Eagan
    Chief Technology Officer
  • Mr. Jesse Harold
    Acting Chief Information Officer
  • Mr. Tim Foote
    Investor Relations
  • Mr. Philip Kurtz CFA
    Chief Legal Officer & Corp. Sec.
  • Mr. Mark Wilson
    Chief Marketing Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions













BB Stock - Frequently Asked Questions

Should I buy or sell BlackBerry stock right now?

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for BlackBerry in the last year. There are currently 2 sell ratings, 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" BB shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BB, but not buy additional shares or sell existing shares.
View BB analyst ratings or view top-rated stocks.

What is BlackBerry's stock price forecast for 2023?

5 equities research analysts have issued 1 year target prices for BlackBerry's stock. Their BB share price forecasts range from $4.75 to $7.00. On average, they predict the company's stock price to reach $5.85 in the next twelve months. This suggests a possible upside of 21.9% from the stock's current price.
View analysts price targets for BB or view top-rated stocks among Wall Street analysts.

How have BB shares performed in 2022?

BlackBerry's stock was trading at $9.35 at the beginning of the year. Since then, BB stock has decreased by 48.7% and is now trading at $4.80.
View the best growth stocks for 2022 here.

Are investors shorting BlackBerry?

BlackBerry saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 44,070,000 shares, an increase of 18.7% from the October 31st total of 37,140,000 shares. Based on an average daily volume of 6,110,000 shares, the days-to-cover ratio is currently 7.2 days. Currently, 7.8% of the shares of the company are sold short.
View BlackBerry's Short Interest.

When is BlackBerry's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, December 20th 2022.
View our BB earnings forecast.

How were BlackBerry's earnings last quarter?

BlackBerry Limited (NYSE:BB) announced its earnings results on Tuesday, September, 27th. The company reported ($0.06) EPS for the quarter, beating analysts' consensus estimates of ($0.08) by $0.02. The company had revenue of $168 million for the quarter, compared to analyst estimates of $165.80 million. BlackBerry had a negative trailing twelve-month return on equity of 5.57% and a negative net margin of 2.41%. The firm's quarterly revenue was down 4.0% compared to the same quarter last year. During the same period last year, the company posted ($0.08) earnings per share.

What is John Chen's approval rating as BlackBerry's CEO?

706 employees have rated BlackBerry Chief Executive Officer John Chen on Glassdoor.com. John Chen has an approval rating of 50% among the company's employees. This puts John Chen in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of BlackBerry own?

Based on aggregate information from My MarketBeat watchlists, some companies that other BlackBerry investors own include NVIDIA (NVDA), Bank of America (BAC), Netflix (NFLX), Micron Technology (MU), Alibaba Group (BABA), Tesla (TSLA), Zynga (ZNGA), Advanced Micro Devices (AMD), Cisco Systems (CSCO) and Walt Disney (DIS).

What is BlackBerry's stock symbol?

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

Who are BlackBerry's major shareholders?

BlackBerry's stock is owned by a number of institutional and retail investors. Top institutional investors include Primecap Management Co. CA (6.54%), Vanguard Group Inc. (3.13%), Connor Clark & Lunn Investment Management Ltd. (0.98%), Two Sigma Investments LP (0.47%), Dimensional Fund Advisors LP (0.37%) and BlackRock Inc. (0.36%). Insiders that own company stock include Barbara Stymiest, Billy Ho, David Castignola, John S Chen, Marjorie Dickman, Mark George Wilson, Mattias Eriksson, Nita C White-Ivy, Randall Cook, Steve Rai, Steven M Capelli, Steven M Capelli and Thomas Eacobacci.
View institutional ownership trends.

How do I buy shares of BlackBerry?

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

What is BlackBerry's stock price today?

One share of BB stock can currently be purchased for approximately $4.80.

How much money does BlackBerry make?

BlackBerry (NYSE:BB) has a market capitalization of $2.78 billion and generates $718 million in revenue each year. The company earns $12 million in net income (profit) each year or ($0.52) on an earnings per share basis.

How many employees does BlackBerry have?

The company employs 3,325 workers across the globe.

How can I contact BlackBerry?

BlackBerry's mailing address is 2200 University Ave East, Waterloo A6, N2K 0A7. The official website for the company is www.blackberry.com. The company can be reached via phone at (519) 888-7465, via email at investor_relations@blackberry.com, or via fax at 519-888-6906.

This page (NYSE:BB) was last updated on 11/29/2022 by MarketBeat.com Staff