Should I buy or sell BlackBerry stock right now?

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for BlackBerry in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street 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 target for 2024?

1 equities research analysts have issued 1-year target prices for BlackBerry's shares. Their BB share price targets range from C$4.50 to C$4.50. On average, they expect the company's share price to reach C$4.50 in the next twelve months. This suggests that the stock has a possible downside of 16.8%. View analysts price targets for BB or view top-rated stocks among Wall Street analysts .

How have BB shares performed in 2023?

BlackBerry's stock was trading at C$4.41 at the start of the year. Since then, BB stock has increased by 22.7% and is now trading at C$5.41. View the best growth stocks for 2023 here .

When is BlackBerry's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, December 20th 2023. View our BB earnings forecast .

How were BlackBerry's earnings last quarter?

BlackBerry Limited (TSE:BB) posted its earnings results on Thursday, September, 28th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.05) by $0.02. The business earned $176 million during the quarter, compared to the consensus estimate of $180.36 million. BlackBerry had a negative trailing twelve-month return on equity of 51.13% and a negative net margin of 66.91%.

What other stocks do shareholders of BlackBerry own?

Based on aggregate information from My MarketBeat watchlists, some companies that other BlackBerry investors own include Enbridge (ENB) , Toronto-Dominion Bank (TD) , Bank of Nova Scotia (BNS) , Suncor Energy (SU) , Air Canada (AC) , Bombardier, Inc. Class B (BBD.B) , Aurora Cannabis (ACB) , Canadian Natural Resources (CNQ) , BCE (BCE) and Manulife Financial (MFC) .

How do I buy shares of BlackBerry?

Shares of BB stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor , Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers. Compare Top Brokerages Here .

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

C$5.41

+0.05 (+0.93%)

(As of 01:50 PM ET)

Compare

Today's Range: C$5.28
▼
C$5.43
50-Day Range: C$4.60
▼
C$6.46
52-Week Range: C$4.31
▼
C$7.82

Volume: 278,840 shs
Average Volume: 1.45 million shs
Market Capitalization: C$3.16 billion

P/E Ratio: N/A
Dividend Yield: 3.44%
Price Target: C$4.50

Stock Analysis Analyst Forecasts Chart Competitors Earnings Headlines Insider Trades

BlackBerry MarketRank™ Stock Analysis

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 16.8% Downside
C$4.50 Price Target
Short Interest: N/A
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

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

0.90 out of 5 stars

1.0

Analyst's Opinion

Consensus Rating
BlackBerry has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of C$4.50, BlackBerry has a forecasted downside of 16.8% from its current price of C$5.41.
Amount of Analyst Coverage
BlackBerry has received no research coverage in the past 90 days.

N/A

Short Interest

Short Interest
There is no current short interest data available for BB.

0.8

Dividend Strength

Dividend Yield
BlackBerry pays a meaningful dividend of 3.44%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
BlackBerry does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for BB.

0.0

News and Social Media Coverage

Search Interest
Only 8 people have searched for BB on MarketBeat in the last 30 days. This is a decrease of -53% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, BlackBerry insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 1.74% of the stock of BlackBerry is held by insiders.
Percentage Held by Institutions
44.26% of the stock of BlackBerry is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of BlackBerry is -4.01, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of BlackBerry is -4.01, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Growth Ratio
BlackBerry has a PEG Ratio of 0.06. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
BlackBerry has a P/B Ratio of 3.81. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About BlackBerry Stock (TSE:BB)

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. It also provides BlackBerry SecuSUITE, a multi-OS voice and text messaging solution; BlackBerry AtHoc and BlackBerry Alert, which are secure and networked critical event management solutions; BlackBerry QNX that offers real-time operating systems, hypervisors, middleware, development tools, and professional services; BlackBerry Certicom, a cryptography and key management product; BlackBerry Radar, an asset monitoring solution; and BlackBerry IVY, an intelligent vehicle data platform. In addition, the company is involved in the patent licensing and legacy service access fees business. The company was formerly known as Research In Motion Limited and changed its name to BlackBerry Limited in July 2013. BlackBerry Limited was incorporated in 1984 and is headquartered in Waterloo, Canada.

BB Stock Price History

30 days | 90 days | 365 days | Advanced Chart

BB Stock News Headlines

October 3, 2023 | baystreet.ca

BlackBerry Continues to Disappoint With Another Weak Quarter

September 12, 2023 | markets.businessinsider.com

Traders Should Go To AMC, Bring Stuff From Bed Bath & Beyond, Carry BlackBerry Phones: 'Dumb Money' Author

December 7, 2023 | Autonomix (Ad)

How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology

Autonomix is preparing a public listing as they develop technology to potentially detect and treat a range of nervous system disorders with much greater visibility than available today. Now, their management team sees a potentially untapped $100B market opportunity.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.com

September 13, 2022 | finance.yahoo.com

Better Cybersecurity Stock: BlackBerry vs. CrowdStrike

September 8, 2022 | msn.com

IFC Films Buys ‘BlackBerry’ Movie, About World’s First Smartphone (EXCLUSIVE)

August 24, 2022 | msn.com

A BlackBerry movie is happening, charting the rise and fall of the phone manufacturer

August 24, 2022 | msn.com

Remember Your Beloved BlackBerry? It's Now Getting Its Own Movie

April 7, 2022 | finance.yahoo.com

BlackBerry settles lawsuit over BlackBerry 10

December 7, 2023 | Autonomix (Ad)

How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology

April 6, 2022 | reuters.com

BlackBerry plans to settle lawsuit over BlackBerry 10, avoid U.S. trial - Reuters.com

March 25, 2022 | globenewswire.com

Worldwide Ultra-Secure Smartphones Industry to 2030 - Featuring Apple, Blackberry and Silent Circle Among Others - GlobeNewswire

March 25, 2022 | benzinga.com

Worldwide Ultra-Secure Smartphones Industry to 2030 - Featuring Apple, Blackberry and Silent Circle Among - Benzinga

January 8, 2022 | nytimes.com

BlackBerry Phone Service Officially Ends - The New York Times

January 5, 2022 | cbsnews.com

BlackBerry pulls the plug on its pioneering mobile phone - CBS News

January 4, 2022 | finance.yahoo.com

BlackBerry pulls life support for once-indispensable business smartphone

January 3, 2022 | npr.org

Classic BlackBerry devices will stop working on January 4 - NPR

January 2, 2022 | nbcnews.com

Classic Blackberry devices to stop working normally on Jan. 4 - NBC News

September 17, 2021 | nasdaq.com

BlackBerry (BB) Curbs Cyber Threats With Encoded Group Phone Calls - Nasdaq

September 16, 2021 | prnewswire.com

BlackBerry Secures Group Phone Calls and Messages from High Risk Eavesdropping - PRNewswire

June 25, 2021 | finance.yahoo.com

BlackBerry Rode the Meme-Stock Rally. Analyst Says It Has Gone Too Far.

June 24, 2021 | marketwatch.com

BlackBerry pleases its meme followers with first-quarter earnings beat - MarketWatch

June 22, 2021 | finance.yahoo.com

Buy or Sell Blackberry Stock Ahead of Earnings? Analyst Weighs In

June 18, 2021 | finance.yahoo.com

BlackBerry's (BB) Rally Extends Beyond Meme Stock Frenzy: Here's Why

June 2, 2021 | finance.yahoo.com

BlackBerry, Amazon, Elon Musk, Splunk - 5 Things You Must Know Wednesday

March 26, 2021 | msn.com

Seattle hoops legend Jamal Crawford defends his use of BlackBerry phone: ‘It’s the keyboard’

March 12, 2021 | finance.yahoo.com

Why BlackBerry Stock Popped Today

March 1, 2021 | ca.finance.yahoo.com

BlackBerry (TSX:BB) Stock: Could it Go to the Moon Again?

See More Headlines

Receive BB Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for BlackBerry and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Last Earnings: 9/28/2023
Today: 12/07/2023
Next Earnings (Confirmed): 12/20/2023

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: TSE
Industry: Software - Infrastructure
Sub-Industry: N/A
Sector: Computer and Technology
Current Symbol: TSE:BB
CUSIP: N/A
CIK: N/A
Web: ca.blackberry.com
Phone: +1-519-8887465
Fax: N/A
Employees: 3,181
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: C$4.50
High Stock Price Target: C$4.50
Low Stock Price Target: C$4.50
Potential Upside/Downside: -16.8%
Consensus Rating: Hold
Rating Score (0-4): 2.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): C($1.35)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 197.61
P/E Growth: 0.06
Net Income: C$-552,000,000.00
Net Margins: -66.91%
Pretax Margin: N/A
Return on Equity: -51.13%
Return on Assets: -4.16%

Debt

Debt-to-Equity Ratio: 55.49
Current Ratio: 0.90
Quick Ratio: 1.49

Sales & Book Value

Annual Sales: C$825 million
Price / Sales: 3.83
Cash Flow: C$1.00 per share
Price / Cash Flow: 5.39
Book Value: C$1.42 per share
Price / Book: 3.81

Miscellaneous

Outstanding Shares: 583,710,000
Free Float: N/A
Market Cap: C$3.16 billion
Optionable: Not Optionable
Beta: 1.21

Metaverse Stocks And Why You Can't Ignore Them

Thinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.

Get This Free Report

Key Executives

Mr. Richard J. Lynch (Age 74)
Chairman of the Board & Interim CEO
Comp: $281.56k
Mr. Steve Rai
Chief Financial Officer
Mr. Philip Kurtz CFA
Chief Legal Officer & Corporate Secretary
Mr. Mattias Eriksson
President of IoT Business Unit
Mr. John Joseph Giamatteo (Age 56)
President & Acting GM of BlackBerry Cyber Security Business Unit
Comp: $776.51k
Mr. Charles Eagan
Chief Technology Officer
Mr. Jesse Harold
Chief Information Officer
Mr. Tim Foote
Investor Relations
Ms. Neelam Sandhu
Chief Elite Customer Success Officer & Chief Marketing Officer
Mr. Vito Giallorenzo
Senior VP of Corporate Development & COO of BlackBerry Technology Solutions

Key Competitors

View All Competitors

Insiders

Sai Yuen (Billy) Ho
Sold 4,669 shares
Total: C$22,101.89 ($4.73/share)

View All Insider Transactions

BB Stock Analysis - Frequently Asked Questions

Should I buy or sell BlackBerry stock right now?: 1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for BlackBerry in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street 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 target for 2024?: 1 equities research analysts have issued 1-year target prices for BlackBerry's shares. Their BB share price targets range from C$4.50 to C$4.50. On average, they expect the company's share price to reach C$4.50 in the next twelve months. This suggests that the stock has a possible downside of 16.8%.
View analysts price targets for BB or view top-rated stocks among Wall Street analysts.
How have BB shares performed in 2023?: BlackBerry's stock was trading at C$4.41 at the start of the year. Since then, BB stock has increased by 22.7% and is now trading at C$5.41.
View the best growth stocks for 2023 here.
When is BlackBerry's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, December 20th 2023.
View our BB earnings forecast.

How were BlackBerry's earnings last quarter?: BlackBerry Limited (TSE:BB) posted its earnings results on Thursday, September, 28th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.05) by $0.02. The business earned $176 million during the quarter, compared to the consensus estimate of $180.36 million. BlackBerry had a negative trailing twelve-month return on equity of 51.13% and a negative net margin of 66.91%.
What other stocks do shareholders of BlackBerry own?: Based on aggregate information from My MarketBeat watchlists, some companies that other BlackBerry investors own include Enbridge (ENB), Toronto-Dominion Bank (TD), Bank of Nova Scotia (BNS), Suncor Energy (SU), Air Canada (AC), Bombardier, Inc. Class B (BBD.B), Aurora Cannabis (ACB), Canadian Natural Resources (CNQ), BCE (BCE) and Manulife Financial (MFC).
How do I buy shares of BlackBerry?: Shares of BB stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

This page (TSE:BB) was last updated on 12/7/2023 by MarketBeat.com Staff

Get 30 Days of MarketBeat All Access Free

Best-in-Class Portfolio Monitoring
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Stock Ideas and Recommendations
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Advanced Stock Screeners and Research Tools
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your 30-Day Free Trial

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

BlackBerry MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

Search Interest

Company Ownership

Earnings and Valuation

About BlackBerry Stock (TSE:BB)

BB Stock Price History

BB Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders

BB Stock Analysis - Frequently Asked Questions

Overall MarketRank^™