BlackBerry (NYSE:BB) Updates Q2 2027 Earnings Guidance

BlackBerry (NYSE:BB) updated its second quarter 2027 earnings guidance on Thursday. The company provided EPS guidance of 0.030-0.040 for the period, compared to the consensus earnings per share estimate of 0.040. The company issued revenue guidance of $137.0 million-$148.0 million, compared to the consensus revenue estimate of $139.4 million. BlackBerry also updated its FY 2027 guidance to 0.160-0.200 EPS.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on BB shares. Wall Street Zen raised shares of BlackBerry from a “hold” rating to a “buy” rating in a report on Monday, June 8th. Canadian Imperial Bank of Commerce increased their target price on BlackBerry from $8.50 to $10.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 17th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $4.50 price target on shares of BlackBerry in a report on Friday, April 10th. Weiss Ratings upgraded shares of BlackBerry from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday. Finally, Stifel Nicolaus initiated coverage on BlackBerry in a research note on Wednesday. They issued a “buy” rating and a $12.00 price objective on the stock. Two investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $7.17.

BlackBerry Trading Down 3.0%

NYSE BB opened at $8.56 on Thursday. The stock has a market cap of $5.01 billion, a price-to-earnings ratio of 106.96 and a beta of 2.29. BlackBerry has a twelve month low of $3.12 and a twelve month high of $10.93. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.12 and a current ratio of 2.12. The firm’s 50 day moving average price is $7.25 and its two-hundred day moving average price is $4.93.

BlackBerry (NYSE:BB) last released its earnings results on Thursday, April 9th. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.02. The company had revenue of $157.96 million for the quarter, compared to analysts’ expectations of $144.27 million. BlackBerry had a return on equity of 10.09% and a net margin of 9.69%.The business’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.03 EPS. BlackBerry has set its Q1 2027 guidance at 0.020-0.030 EPS and its FY 2027 guidance at 0.150-0.190 EPS. Equities analysts anticipate that BlackBerry will post 0.13 EPS for the current year.

Insiders Place Their Bets

In other BlackBerry news, SVP Jennifer Armstrong-Owen sold 29,908 shares of the business’s stock in a transaction dated Saturday, April 4th. The stock was sold at an average price of $3.56, for a total value of $106,472.48. Following the transaction, the senior vice president owned 94,903 shares in the company, valued at $337,854.68. The trade was a 23.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO John Joseph Giamatteo sold 27,066 shares of the firm’s stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $3.56, for a total transaction of $96,354.96. Following the transaction, the chief executive officer directly owned 899,146 shares in the company, valued at approximately $3,200,959.76. The trade was a 2.92% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 73,171 shares of company stock valued at $260,489. Insiders own 0.51% of the company’s stock.

Key Headlines Impacting BlackBerry

Here are the key news stories impacting BlackBerry this week:

• Positive Sentiment: BlackBerry delivered a double beat on earnings and revenue, with quarterly revenue growth of about 26% and adjusted EPS above analyst estimates. Conference Call
• Positive Sentiment: The company raised its fiscal 2027 outlook, citing momentum in QNX and new AI-related opportunities in embedded software, which suggests management sees continued growth ahead. Reuters Article
• Positive Sentiment: BlackBerry reported its first cash-positive quarter in nine years on an operating-cash-flow basis, a notable milestone that supports the turnaround story. Press Release
• Positive Sentiment: Stifel initiated coverage with a Buy rating and a $12 price target, reinforcing investor confidence in the company’s shift toward mission-critical software. CNBC Article
• Neutral Sentiment: BlackBerry continues to transition away from its legacy smartphone business, with investor attention now centered on software execution rather than consumer hardware.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Virtu Financial LLC acquired a new position in BlackBerry during the 4th quarter valued at $280,000. Invesco Ltd. lifted its position in shares of BlackBerry by 2.4% during the 4th quarter. Invesco Ltd. now owns 128,487 shares of the company’s stock worth $487,000 after buying an additional 2,975 shares during the period. Mackenzie Financial Corp boosted its stake in shares of BlackBerry by 198.6% in the 4th quarter. Mackenzie Financial Corp now owns 1,199,811 shares of the company’s stock valued at $4,537,000 after purchasing an additional 797,970 shares in the last quarter. XTX Topco Ltd boosted its position in BlackBerry by 624.5% in the fourth quarter. XTX Topco Ltd now owns 430,410 shares of the company’s stock valued at $1,631,000 after buying an additional 371,000 shares in the last quarter. Finally, Man Group plc bought a new position in BlackBerry in the 4th quarter valued at $92,000. 54.48% of the stock is owned by institutional investors.

About BlackBerry

BlackBerry Limited, formerly known as Research In Motion (RIM), is a Canadian enterprise software and cybersecurity company based in Waterloo, Ontario. Since its founding in 1984, the firm has evolved from a pioneer in mobile devices into a specialist in secure communications, endpoint management, and embedded systems software. BlackBerry’s core mission today centers on delivering security-first solutions that protect critical data and infrastructure across diverse industries.

At the heart of BlackBerry’s offerings is the BlackBerry Spark® platform, which combines unified endpoint management (UEM), secure communications, and artificial intelligence–driven threat detection into a single framework.