BlackBerry (NYSE:BB) Releases FY 2026 Earnings Guidance

BlackBerry (NYSE:BB) issued an update on its FY 2026 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 0.080-0.100 for the period, compared to the consensus estimate of 0.120. The company issued revenue guidance of $504.0 million-$534.0 million, compared to the consensus revenue estimate of $548.4 million. BlackBerry also updated its FY26 guidance to $0.08-0.10 EPS.

Analyst Ratings Changes

A number of analysts have commented on the company. Robert W. Baird boosted their price objective on BlackBerry from $3.00 to $3.50 and gave the stock a “neutral” rating in a report on Friday, December 20th. TD Securities upgraded shares of BlackBerry from a “hold” rating to a “buy” rating and upped their target price for the stock from $3.25 to $4.00 in a research note on Friday, December 20th. Canaccord Genuity Group raised their price target on shares of BlackBerry from $3.00 to $4.75 and gave the company a “hold” rating in a research report on Tuesday, March 11th. StockNews.com downgraded shares of BlackBerry from a “hold” rating to a “sell” rating in a research report on Wednesday. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $4.00 price target on shares of BlackBerry in a report on Tuesday. One analyst has rated the stock with a sell rating, five have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, BlackBerry presently has a consensus rating of “Hold” and an average price target of $3.91.

BlackBerry Trading Down 9.4 %

Shares of BlackBerry stock opened at $3.38 on Thursday. The company’s 50-day moving average price is $4.67 and its 200-day moving average price is $3.51. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.27. BlackBerry has a 12-month low of $2.01 and a 12-month high of $6.24. The company has a market cap of $2.02 billion, a price-to-earnings ratio of -15.36 and a beta of 1.30.

BlackBerry (NYSE:BB) last posted its quarterly earnings results on Wednesday, April 2nd. The company reported $0.03 EPS for the quarter, topping the consensus estimate of $0.02 by $0.01. The firm had revenue of $141.70 million for the quarter, compared to the consensus estimate of $137.56 million. BlackBerry had a negative net margin of 21.16% and a negative return on equity of 2.02%. The business’s revenue was down 7.3% compared to the same quarter last year. During the same period last year, the firm posted $0.03 earnings per share. On average, equities analysts expect that BlackBerry will post -0.03 earnings per share for the current fiscal year.

Insider Transactions at BlackBerry

In related news, CEO John Joseph Giamatteo sold 29,402 shares of the stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $4.00, for a total transaction of $117,608.00. Following the sale, the chief executive officer now directly owns 490,761 shares of the company’s stock, valued at approximately $1,963,044. This represents a 5.65 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Mattias Eriksson sold 12,680 shares of BlackBerry stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $4.00, for a total transaction of $50,720.00. Following the completion of the transaction, the insider now directly owns 278,306 shares of the company’s stock, valued at $1,113,224. This trade represents a 4.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 69,308 shares of company stock worth $281,914. Company insiders own 0.34% of the company’s stock.

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.