BlackBerry - BB Stock Forecast, Price & News

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.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on BB shares. Robert W. Baird started coverage on shares of BlackBerry in a research report on Friday. They set a "neutral" rating and a C$9.60 target price for the company. Royal Bank of Canada reiterated a "hold" rating and set a C$6.50 target price on shares of BlackBerry in a research report on Tuesday, June 21st. Two research analysts have rated the stock with a sell rating and four have given a hold rating to the company. According to MarketBeat, BlackBerry has a consensus rating of "Hold" and an average price target of C$9.10.

BlackBerry Stock Performance

Shares of TSE:BB traded up C$0.19 during midday trading on Monday, hitting C$8.86. 1,435,714 shares of the company's stock traded hands, compared to its average volume of 2,193,234. BlackBerry has a 1 year low of C$6.13 and a 1 year high of C$15.41. The stock has a market capitalization of C$5.11 billion and a price-to-earnings ratio of -22.21. The company has a debt-to-equity ratio of 39.42, a quick ratio of 1.53 and a current ratio of 1.85. The firm has a fifty day moving average of C$7.60 and a 200 day moving average of C$8.07.

BlackBerry (TSE:BB - Get Rating) (NASDAQ:BBRY) last released its earnings results on Thursday, June 23rd. The company reported C($0.07) earnings per share (EPS) for the quarter, topping the consensus estimate of C($0.08) by C$0.01. The firm had revenue of C$213.58 million during the quarter. On average, analysts forecast that BlackBerry will post -0.23 earnings per share for the current year.