BlackBerry
About: BlackBerry, once known for being the world's largest smartphone manufacturer, is now exclusively a software provider with a stated goal of end-to-end secure communication for enterprises. The firm provides endpoint management and protection to enterprises, specializing in regulated industries like government, as well as embedded software to the automotive, medical, and industrial markets.
Employees: 6,200
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 4 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
29% more call options, than puts
Call options by funds: $11.9M | Put options by funds: $9.24M
2% more capital invested
Capital invested by funds: $660M [Q2] → $674M (+$13.9M) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 2 [Q2] → 2 (+0) [Q3]
8% less repeat investments, than reductions
Existing positions increased: 59 | Existing positions reduced: 64
1.43% less ownership
Funds ownership: 45.05% [Q2] → 43.62% (-1.43%) [Q3]
3% less funds holding
Funds holding: 212 [Q2] → 205 (-7) [Q3]
21% less first-time investments, than exits
New positions opened: 26 | Existing positions closed: 33
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$3
19%
downside
Avg. target
$3.44
7%
downside
High target
$4
8%
upside
4 analyst ratings
1 positive
25%
3 neutral
75%
0 negative
0%
TD Cowen Daniel Chan 75% 1-year accuracy 3 / 4 met price target | 8%upside $4 | Buy Upgraded | 20 Dec 2024 |
Canaccord Genuity Kingsley Crane 44% 1-year accuracy 12 / 27 met price target | 19%downside $3 | Hold Maintained | 20 Dec 2024 |
RBC Capital Paul Treiber 86% 1-year accuracy 12 / 14 met price target | 12%downside $3.25 | Sector Perform Reiterated | 20 Dec 2024 |
Baird Luke Junk 62% 1-year accuracy 8 / 13 met price target | 5%downside $3.50 | Neutral Maintained | 20 Dec 2024 |
Financial journalist opinion
Based on 19 articles about BB published over the past 30 days
Neutral
Seeking Alpha
21 hours ago
BlackBerry Q3: The Cylance Aftermath
BlackBerry's divestiture of its Cylance assets highlighted ongoing revenue struggles and failed growth initiatives in cybersecurity. BlackBerry's revenue forecast was weak, with analysts still lowering estimates and the stock trading below comparable software companies. Management need to prove that the overall business can grow at a meaningful rate if shares are to see any upside.
Positive
The Motley Fool
1 day ago
Why BlackBerry Stock Is Skyrocketing Today
BlackBerry (BB 24.16%) stock is surging in Friday's trading following the company's recent earnings report. The tech specialist's share price was up 22.4% as of 2:15 p.m.
Positive
Benzinga
1 day ago
BlackBerry Growth Hinge On IoT, Secure Communications Despite Valuation Concerns: Analyst
BlackBerry Ltd BB stock surged upwards on Friday. The company reported third-quarter results after the market closed on Thursday.
Neutral
Seeking Alpha
1 day ago
3 Good Things About BlackBerry Q3 Earnings (Rating Upgrade)
BlackBerry stock surged from $2.35 to $3.49, driven by profitable Q3 results, with a gross margin of 74% and IoT revenue growth of 13%. The sale of BlackBerry Cylance will strengthen the balance sheet, allowing focus on IoT growth and potential M&A activities. Despite disappointing past under-performance, BlackBerry's streamlined operations and improved financial position make it a speculative buy, though caution is advised due to historical volatility.
Neutral
Zacks Investment Research
1 day ago
BlackBerry's Q3 Earnings Top Estimates, Revenues Down Y/Y, Stock Rises
BB's fiscal third-quarter earnings surpass guidance. Revenues decline year over year due to tough comparisons.
Neutral
Seeking Alpha
2 days ago
BlackBerry Limited (BB) Q3 2025 Earnings Call Transcript
BlackBerry Limited (NYSE:BB ) Q3 2025 Results Conference Call December 19, 2024 5:30 PM ET Company Participants Martha Gonder - Director of Investor Relations John Giamatteo - Chief Executive Officer Tim Foote - Chief Financial Officer Conference Call Participants Todd Coupland - CIBC Luke Junk - Baird Kingsley Crane - Canaccord Genuity Paul Treiber - RBC Capital Markets Daniel Chan - TD Cowen Operator Good afternoon, and welcome to the BlackBerry Third Quarter Fiscal Year 2025 Results Conference Call. My name is Alicia, and I'll be your conference moderator for today's call.
Neutral
Accesswire
2 days ago
BlackBerry Reports Third Quarter Fiscal Year 2025 Results
Beats top end of revenue guidance range for both Cybersecurity1 and IoT divisions; raises bottom end of full-year guidance range for IoT Delivers positive adjusted EBITDA1 and adjusted EPS1 above guidance range; GAAP basic EPS improves both sequentially and year-over-year Achieves milestone of positive operating and free cash flow ahead of schedule WATERLOO, ON / ACCESSWIRE / December 19, 2024 / BlackBerry Limited (NYSE:BB)(TSX:BB) today reported financial results for the three months ended November 30, 2024 (all figures in U.S. dollars and U.S. GAAP, except where otherwise indicated). "BlackBerry achieved a significant inflection in its results this past quarter.
Positive
Zacks Investment Research
4 days ago
BlackBerry to Divest Cylance Asset to Arctic Wolf, Stock Soars 15%
Arctic Wolf will acquire BB's Cylance tool for $160 million in cash and equity, integrating Cylance's capabilities into its AI-driven open XDR Aurora platform.
Positive
The Motley Fool
5 days ago
Why BlackBerry Stock Soared 16% Today
Shares of one-time smartphone leader BlackBerry (BB 13.76%) stock soared 16% through 11:40 a.m. ET Monday morning after the company announced it will sell its Cylance endpoint security assets to private cybersecurity operator Arctic Wolf.
Negative
TechCrunch
5 days ago
BlackBerry sells Cylance for $160M, a fraction of the $1.4B it paid in 2018
Arctic Wolf has acquired Cylance, BlackBerry's beleaguered cybersecurity business, for $160 million — a significant write-down from the $1.4 billion BlackBerry paid to acquire the company in 2018.
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