By otakuyassine3@gmail.com 
BlackBerry (NYSE:BB – Get Free Report) issued an update on its fourth quarter earnings guidance on Thursday morning. The company provided EPS guidance of $(0.02)-$0.00 for the period, compared to the consensus EPS estimate of $0.01. BlackBerry also updated its FY 2025 guidance to -0.020-0.000 EPS.
Analyst Upgrades and Downgrades
Several research analysts have issued reports on BB shares. Robert W. Baird increased their target price on shares of BlackBerry from $3.00 to $3.50 and gave the stock a “neutral” rating in a report on Friday. StockNews.com raised shares of BlackBerry from a “sell” rating to a “hold” rating in a report on Monday, December 9th. Royal Bank of Canada upped their target price on BlackBerry from $3.00 to $3.25 and gave the stock a “sector perform” rating in a report on Tuesday. Canaccord Genuity Group lifted their price target on BlackBerry from $2.80 to $3.00 and gave the company a “hold” rating in a report on Friday. Finally, TD Securities upgraded BlackBerry from a “hold” rating to a “buy” rating and set a $4.00 price objective for the company in a research note on Friday. Six analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $3.54.
Get Our Latest Stock Analysis on BlackBerry
BlackBerry Trading Up 9.4 %
Shares of BlackBerry stock opened at $3.26 on Friday. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.27. BlackBerry has a 12-month low of $2.01 and a 12-month high of $3.89. The firm has a market capitalization of $1.93 billion, a price-to-earnings ratio of -13.04 and a beta of 1.43. The firm’s 50 day simple moving average is $2.53 and its two-hundred day simple moving average is $2.45.
BlackBerry (NYSE:BB – Get Free Report) last announced its quarterly earnings data on Thursday, December 19th. The company reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.03. BlackBerry had a negative net margin of 21.66% and a negative return on equity of 3.38%. The business had revenue of $143.00 million during the quarter, compared to analysts’ expectations of $144.84 million. During the same period in the previous year, the business posted $0.01 EPS. The business’s quarterly revenue was down 5.9% compared to the same quarter last year. Analysts predict that BlackBerry will post -0.06 EPS for the current year.
Insiders Place Their Bets
In other BlackBerry news, insider Philip S. Kurtz sold 15,005 shares of BlackBerry stock in a transaction dated Saturday, September 28th. The shares were sold at an average price of $2.53, for a total transaction of $37,962.65. Following the transaction, the insider now directly owns 30,129 shares of the company’s stock, valued at $76,226.37. The trade was a 33.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.34% of the company’s stock.
BlackBerry Company Profile
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.
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