BlackBerry (NYSE:BB) Updates FY 2025 Earnings Guidance

BlackBerry (NYSE:BB) issued an update on its FY 2025 earnings guidance on Thursday. The company provided EPS guidance of -0.020-0.000 for the period, compared to the consensus EPS estimate of -0.020. The company issued revenue guidance of $517.0 million-$526.0 million, compared to the consensus revenue estimate of $603.1 million. BlackBerry also updated its Q4 guidance to $(0.02)-$0.00 EPS.

Analyst Ratings Changes

Several research firms have recently commented on BB. Royal Bank of Canada boosted their price target on shares of BlackBerry from $3.00 to $3.25 and gave the company a “sector perform” rating in a report on Tuesday. Canaccord Genuity Group boosted their price objective on shares of BlackBerry from $2.80 to $3.00 and gave the stock a “hold” rating in a research note on Friday. StockNews.com upgraded BlackBerry from a “sell” rating to a “hold” rating in a report on Monday, December 9th. TD Cowen upgraded BlackBerry from a “hold” rating to a “buy” rating and lifted their price target for the company from $3.25 to $4.00 in a report on Friday. Finally, Robert W. Baird upped their price objective on BlackBerry from $3.00 to $3.50 and gave the stock a “neutral” rating in a research note on Friday. Six equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $3.60.

BlackBerry Price Performance

Shares of NYSE BB opened at $3.69 on Friday. BlackBerry has a 52 week low of $2.01 and a 52 week high of $3.89. The business’s 50 day moving average price is $2.56 and its 200 day moving average price is $2.46. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.27. The firm has a market cap of $2.18 billion, a P/E ratio of -14.76 and a beta of 1.43.

BlackBerry (NYSE:BB) last posted its earnings results on Thursday, December 19th. The company reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.03. The company had revenue of $143.00 million during the quarter, compared to the consensus estimate of $144.84 million. BlackBerry had a negative net margin of 21.66% and a negative return on equity of 3.38%. The firm’s quarterly revenue was down 5.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.01 earnings per share. On average, sell-side analysts expect that BlackBerry will post -0.06 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Philip S. Kurtz sold 15,005 shares of the business’s stock in a transaction that occurred on Saturday, September 28th. The stock was sold at an average price of $2.53, for a total value of $37,962.65. Following the completion of the sale, the insider now directly owns 30,129 shares in the company, valued at $76,226.37. The trade was a 33.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.34% of the stock is currently owned by insiders.

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.