BlackBerry (NYSE:BB) Updates FY 2027 Earnings Guidance

BlackBerry (NYSE:BB) issued an update on its FY 2027 earnings guidance on Thursday morning. The company provided EPS guidance of 0.160-0.200 for the period, compared to the consensus estimate of 0.170. The company issued revenue guidance of $594.0 million-$621.0 million, compared to the consensus revenue estimate of $601.7 million. BlackBerry also updated its Q2 2027 guidance to 0.030-0.040 EPS.

BlackBerry Stock Up 9.8%

NYSE:BB opened at $11.36 on Friday. BlackBerry has a 52-week low of $3.12 and a 52-week high of $11.49. The stock has a 50-day simple moving average of $7.52 and a 200 day simple moving average of $5.02. The company has a market cap of $6.66 billion, a PE ratio of 126.21 and a beta of 2.29. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.12 and a current ratio of 2.12.

BlackBerry (NYSE:BB) last announced its quarterly earnings data on Thursday, June 25th. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.01. BlackBerry had a return on equity of 11.72% and a net margin of 10.31%.The company had revenue of $152.90 million during the quarter, compared to analysts’ expectations of $139.81 million. During the same quarter last year, the company earned $0.02 EPS. BlackBerry’s revenue for the quarter was up 25.6% compared to the same quarter last year. BlackBerry has set its FY 2027 guidance at 0.160-0.200 EPS and its Q2 2027 guidance at 0.030-0.040 EPS. On average, sell-side analysts expect that BlackBerry will post 0.14 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Canaccord Genuity Group set a $10.30 price objective on shares of BlackBerry in a research report on Friday. Weiss Ratings raised BlackBerry from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday. TD Securities reissued a “hold” rating and set a $8.00 target price on shares of BlackBerry in a report on Friday. Stifel Nicolaus assumed coverage on BlackBerry in a report on Wednesday. They set a “buy” rating and a $12.00 price target for the company. Finally, Canadian Imperial Bank of Commerce upped their price target on shares of BlackBerry from $10.00 to $13.00 and gave the company an “outperformer” rating in a research note on Friday. Two investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $8.92.

Insiders Place Their Bets

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

Key BlackBerry News

Here are the key news stories impacting BlackBerry this week:

• Positive Sentiment: BlackBerry beat fiscal Q1 expectations on both EPS and revenue, with revenue up 26% year over year and adjusted EPS above estimates, signaling improving operating momentum. BlackBerry Reports First Quarter Fiscal Year 2027 Results
• Positive Sentiment: The company raised its FY2027 guidance, with management citing strength in QNX and Secure Communications, which supports confidence in continued growth and profitability. BlackBerry Q1 Earnings Call Highlights QNX Growth & Higher Outlook
• Positive Sentiment: QNX remains a key driver, with strong automotive embedded-software growth and expanding AI-related opportunities helping investors re-rate the stock higher. BlackBerry Sees New AI Opportunities as Embedded-Software Business Accelerates
• Positive Sentiment: Brokerage sentiment improved after the results, with CIBC raising its price target and maintaining an outperformer rating, while TD also lifted its target despite a hold rating. Analyst target update
• Neutral Sentiment: BlackBerry also reported its first cash-positive quarter in nine years, a milestone that supports the turnaround story but may take time to flow through to valuation.
• Negative Sentiment: TD’s new $8 price target is still well below the current trading level, implying meaningful downside if the stock’s post-earnings optimism fades. BayStreet.CA analyst ratings

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. NewEdge Advisors LLC grew its position in shares of BlackBerry by 2,349.1% in the third quarter. NewEdge Advisors LLC now owns 11,682 shares of the company’s stock valued at $57,000 after purchasing an additional 11,205 shares in the last quarter. State of Wisconsin Investment Board bought a new position in shares of BlackBerry in the fourth quarter valued at approximately $54,000. Benjamin Edwards Inc. boosted its position in shares of BlackBerry by 31.5% in the second quarter. Benjamin Edwards Inc. now owns 14,600 shares of the company’s stock valued at $67,000 after acquiring an additional 3,500 shares during the period. AQR Capital Management LLC purchased a new position in BlackBerry during the fourth quarter valued at approximately $55,000. Finally, Flow Traders U.S. LLC purchased a new stake in BlackBerry in the 2nd quarter worth approximately $86,000. 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.