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BlackBerry Stock Price, News & Analysis (NYSE:BB)

$5.08
-0.13 (-2.50 %)
(As of 10/20/2019 04:00 PM ET)
Today's Range
$5.01
Now: $5.08
$5.22
50-Day Range
$4.87
MA: $6.23
$7.66
52-Week Range
$4.86
Now: $5.08
$10.29
Volume2.67 million shs
Average Volume9.36 million shs
Market Capitalization$2.79 billion
P/E Ratio39.08
Dividend YieldN/A
Beta1.75
BlackBerry Limited provides enterprise software and services worldwide. The company 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 networked crisis communications solution; SecuSUITE for Government, a voice encryption software solution; BlackBerry Enterprise Consulting and BlackBerry Cybersecurity Consulting services; and BBM Enterprise, an enterprise-grade instant messaging solution, as well as BlackBerry Spark Communication services. Read More…

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$904 million
Cash Flow$0.38 per share
Book Value$4.67 per share

Profitability

Net Income$93 million

Miscellaneous

Employees3,945
Market Cap$2.79 billion
Next Earnings Date12/19/2019 (Estimated)
OptionableOptionable

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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 data on Tuesday, September, 24th. The company reported ($0.04) earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of ($0.04). The company earned $244 million during the quarter, compared to the consensus estimate of $267.91 million. BlackBerry had a net margin of 3.19% and a return on equity of 1.32%. The firm's revenue was up 16.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.04 EPS. View BlackBerry's Earnings History.

When is BlackBerry's next earnings date?

BlackBerry is scheduled to release their next quarterly earnings announcement on Thursday, December 19th 2019. View Earnings Estimates for BlackBerry.

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

BlackBerry updated its FY 2020 earnings guidance on Tuesday, September, 24th. The company provided EPS guidance of for the period. The company issued revenue guidance of $1.12668-1.145 billion, compared to the consensus revenue estimate of $1.13 billion.

What price target have analysts set for BB?

13 equities research analysts have issued 1-year target prices for BlackBerry's shares. Their forecasts range from $6.50 to $10.00. On average, they anticipate BlackBerry's share price to reach $7.59 in the next twelve months. This suggests a possible upside of 49.4% from the stock's current price. View Analyst Price Targets for BlackBerry.

What is the consensus analysts' recommendation for BlackBerry?

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for BlackBerry in the last year. There are currently 2 sell ratings, 10 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 solid fourth-quarter fiscal 2019 results led by growth in software and services business and lower operating expenses. It provides one of the most secure mobile enterprise solutions in the market. With a holistic growth model, focusing both on organic and inorganic initiatives, BlackBerry aims to expand its market leadership in enterprise mobility. The acquired business of Cylance and its skilled cybersecurity workforce along with its market-leading portfolio of endpoint solutions are a strategic fit and complement its UEM and QNX businesses. The stock has outperformed the industry in the past three months on average. However, technological obsolescence remains a challenge, increasing its costs through R&D efforts for new product introductions. BlackBerry is susceptible to the risk of adverse foreign currency exchange rate fluctuations. Legal issues have further dented the credibility of the company to some extent." (4/3/2019)
  • 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 been trending somewhat positive on Sunday, InfoTrie reports. The research firm scores the sentiment of press coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. BlackBerry earned a daily sentiment score of 0.8 on InfoTrie's scale. They also gave press coverage about the company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the near term. View News Stories for BlackBerry.

Are investors shorting BlackBerry?

BlackBerry saw a increase in short interest in September. As of September 30th, there was short interest totalling 26,620,000 shares, an increase of 34.8% from the August 30th total of 19,750,000 shares. Based on an average daily trading volume, of 5,210,000 shares, the short-interest ratio is presently 5.1 days. Approximately 5.0% of the shares of the company are short sold. View BlackBerry's Current Options Chain.

Who are some of BlackBerry's key competitors?

What other stocks do shareholders of BlackBerry own?

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

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. Bryan Palma, Pres & COO
  • Mr. Carl J. Wiese, Pres of Global Sales
  • Mr. Charles Eagan, Chief Technology Officer

Who are BlackBerry's major shareholders?

BlackBerry's stock is owned by a number of of institutional and retail investors. Top institutional investors include Commerzbank Aktiengesellschaft FI (0.03%), Zurcher Kantonalbank Zurich Cantonalbank (0.02%), Wealthcare Advisory Partners LLC (0.01%), CIBC Private Wealth Group LLC (0.01%), Cerebellum GP LLC (0.00%) and Intercontinental Wealth Advisors LLC (0.00%).

Which institutional investors are buying BlackBerry stock?

BB stock was acquired by a variety of institutional investors in the last quarter, including CIBC Private Wealth Group LLC, Cerebellum GP LLC, Wealthcare Advisory Partners LLC, Intercontinental Wealth Advisors LLC, Commerzbank Aktiengesellschaft FI and Zurcher Kantonalbank Zurich Cantonalbank .

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, Robinhood, Fidelity and Charles Schwab.

What is BlackBerry's stock price today?

One share of BB stock can currently be purchased for approximately $5.08.

How big of a company is BlackBerry?

BlackBerry has a market capitalization of $2.79 billion and generates $904 million in revenue each year. The company earns $93 million in net income (profit) each year or $0.13 on an earnings per share basis. BlackBerry employs 3,945 workers across the globe.View Additional Information About BlackBerry.

What is BlackBerry's official website?

The official website for BlackBerry is http://www.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:  2.9 out of 5 (star star)
Outperform Votes:  618 (Vote Outperform)
Underperform Votes:  453 (Vote Underperform)
Total Votes:  1,071
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 10/20/2019 by MarketBeat.com Staff

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