BlackBerry (NYSE:BB) Issues Quarterly Earnings Results

BlackBerry (NYSE:BB) announced its quarterly earnings results on Tuesday. The company reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.03, RTT News reports. BlackBerry had a positive return on equity of 2.29% and a negative net margin of 6.44%. The company had revenue of $121.26 million during the quarter, compared to analyst estimates of $112.18 million. During the same quarter in the previous year, the firm posted ($0.03) EPS. The firm’s quarterly revenue was down 15.5% on a year-over-year basis. BlackBerry updated its Q2 2026 guidance to 0.000-0.010 EPS and its FY 2026 guidance to 0.080-0.100 EPS.

BlackBerry Trading Up 12.9%

NYSE:BB opened at $4.89 on Thursday. The stock has a fifty day simple moving average of $3.86 and a 200 day simple moving average of $4.04. The firm has a market capitalization of $2.91 billion, a price-to-earnings ratio of -81.50 and a beta of 1.45. BlackBerry has a 1-year low of $2.01 and a 1-year high of $6.24. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.27.

Insiders Place Their Bets

In other BlackBerry news, SVP Jennifer Armstrong-Owen sold 29,940 shares of the business’s stock in a transaction on Friday, April 4th. The shares were sold at an average price of $2.99, for a total transaction of $89,520.60. Following the sale, the senior vice president now directly owns 42,398 shares of the company’s stock, valued at $126,770.02. The trade was a 41.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In the last quarter, insiders have sold 37,216 shares of company stock worth $112,025. Company insiders own 0.37% of the company’s stock.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in BlackBerry stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of BlackBerry Limited (NYSE:BB) by 1.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 823,822 shares of the company’s stock after acquiring an additional 10,667 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned 0.14% of BlackBerry worth $3,106,000 at the end of the most recent quarter. 54.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on BB shares. CIBC reissued an “outperform” rating on shares of BlackBerry in a report on Tuesday. Royal Bank Of Canada lifted their price target on BlackBerry from $3.75 to $4.00 and gave the company a “sector perform” rating in a research report on Friday, June 20th. Wall Street Zen upgraded BlackBerry from a “hold” rating to a “buy” rating in a report on Sunday. Robert W. Baird raised their target price on BlackBerry from $4.00 to $5.00 and gave the company a “neutral” rating in a research note on Wednesday. Finally, Canaccord Genuity Group lifted their target price on BlackBerry from $4.25 to $4.60 and gave the stock a “hold” rating in a report on Tuesday. Five investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, BlackBerry has a consensus rating of “Moderate Buy” and an average target price of $4.38.

About BlackBerry

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 CylanceENDPOINT, an integrated endpoint security solution; CylanceGUARD, a managed detection and response solution; CylanceEDGE, an AI-powered continuous authentication zero trust network access solution; CylanceINTELLIGENCE, a contextual cyber threat intelligence service; BlackBerry Dynamics offers a development platform and secure container for mobile applications; BlackBerry Workspaces a secure Enterprise File Sync and Share (EFSS) solution; BlackBerry Messenger (BBM) Enterprise, an enterprise-grade secure instant messaging solution for messaging, voice and video; BlackBerry SecuSUITE is a certified, multi-OS voice and text messaging solution; BlackBerry AtHoc, a secure networked critical event management solution; and BlackBerry unified endpoint management (UEM) solutions.