That’s because BlackBerry’s cybersecurity business is bolstering BB stock, with more upside on the horizon from connected vehicles and more. Basically, cybersecurity threats are becoming more prevalent as we advance technologically and this company stands to gain. Source: Shutterstock
Full Answer
Are there any insiders buying BlackBerry stock?
Mar 23, 2022 · BlackBerry has seen its stock price fall 20% in 2022. It’s trading in its lowest range since the end of 2020. If you’d bought the stock in 2021, …
What is BlackBerry famous for?
Mar 07, 2022 · Shares of BlackBerry ( BB -2.72%) fell 16.8% in February, according to data from S&P Global Market Intelligence. The stock lost ground due to a price target cut from an analyst and the market's ...
What does the BlackBerry deal mean for the BlackBerry Corporation?
Apr 17, 2022 · 6 analysts have issued 12 month price objectives for BlackBerry's stock. Their forecasts range from $6.50 to $11.00. On average, they expect BlackBerry's stock price to reach $7.92 in the next year. This suggests a possible upside of 41.1% from the stock's current price.
What are the Wall Street analysts'ratings for BlackBerry (B BlackBerry)?
Jun 09, 2021 · Shares of once-dominant smartphone maker BlackBerry ( BB -0.22% ), which has since reinvented itself as an Internet of Things company and a provider of automotive software, got a minuscule boost ...
Is BlackBerry a good stock to invest in?
Why is BlackBerry stock going down?
The company's total revenue included cybersecurity revenue of $122 million, IoT revenue of $52 million and licensing revenue of $11 million.Apr 1, 2022
Why is BlackBerry stock climbing?
What is BlackBerry stock expected?
The 7 analysts offering 12-month price forecasts for BlackBerry Ltd have a median target of 7.00, with a high estimate of 20.00 and a low estimate of 4.50. The median estimate represents a +18.95% increase from the last price of 5.89.
Will BlackBerry go out of business?
Does BlackBerry pay a dividend?
What is the highest BlackBerry stock has ever been?
- The all-time high BlackBerry stock closing price was 147.55 on June 19, 2008.
- The BlackBerry 52-week high stock price is 20.17, which is 243% above the current share price.
- The BlackBerry 52-week low stock price is 5.57, which is 5.3% below the current share price.
Is BlackBerry dual listed?
How can I buy BlackBerry stock?
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Will BlackBerry stocks go up?
Will BB stock go up tomorrow?
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Munafa value: 75 as on 04 Wed May 2022.
| Upside target | 6.4 |
|---|---|
| Upside target | 6.26 |
| Downside target | 6.07 |
| Downside target | 5.99 |
| Downside target | 5.97 |
What is Nio price target?
The 27 analysts offering 12-month price forecasts for NIO Inc have a median target of 30.88, with a high estimate of 82.82 and a low estimate of 23.04. The median estimate represents a +107.09% increase from the last price of 14.91.
Is BlackBerry a buy right now?
6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for BlackBerry in the last year. There are currently 4 sell...
How has BlackBerry's stock price been impacted by COVID-19?
BlackBerry's stock was trading at $4.16 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO)....
When is BlackBerry's next earnings date?
BlackBerry is scheduled to release its next quarterly earnings announcement on Tuesday, March 29th 2022. View our earnings forecast for BlackBerry .
How were BlackBerry's earnings last quarter?
BlackBerry Limited (NYSE:BB) posted its quarterly earnings results on Tuesday, September, 21st. The company reported ($0.06) earnings per share (EP...
What price target have analysts set for BB?
6 equities research analysts have issued 12-month target prices for BlackBerry's stock. Their forecasts range from $6.50 to $11.00. On average, the...
Who are BlackBerry's key executives?
BlackBerry's management team includes the following people: Mr. John S. Chen , Exec. Chairman & CEO (Age 66, Pay $3.01M) ( LinkedIn Profile ) Mr...
What is John Chen's approval rating as BlackBerry's CEO?
706 employees have rated BlackBerry CEO John Chen on Glassdoor.com . John Chen has an approval rating of 50% among BlackBerry's employees. This pu...
Who are some of BlackBerry's key competitors?
Some companies that are related to BlackBerry include Crown Castle International (CCI) , SBA Communications (SBAC) , United States Cellular (USM...
What other stocks do shareholders of BlackBerry own?
Based on aggregate information from My MarketBeat watchlists, some companies that other BlackBerry investors own include NVIDIA (NVDA) , Bank of...
About BlackBerry
BlackBerry Ltd. engages in providing the intelligent security software and services to enterprises and governments.
BlackBerry (NYSE:BB) Frequently Asked Questions
5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for BlackBerry in the last year. There are currently 4 sell ratings and 1 hold rating for the stock.
What happened
Shares of once-dominant smartphone maker BlackBerry ( BB -2.49% ), which has since reinvented itself as an Internet of Things company and a provider of automotive software, got a minuscule boost on some good news Tuesday. However, the stock gave up those gains and more in Wednesday morning trading. As of 11:20 a.m. EDT, BlackBerry was down by 4%.
So what
As was announced Tuesday, China's BiTECH Automotive has chosen to incorporate BlackBerry's QNX Neutrino Realtime Operating System into its digital instrument cluster -- the modern car's dashboard, with screens telling you how fast you're going and how much fuel you have left, and displaying your navigation information, multimedia controls, and such.
NYSE: BB
All of which is very interesting, but it doesn't tell you much about how important the news is. To gauge that, you first have to know what kind of company Changan Automobile is, and how it's doing.
Now what
Those aren't half bad sales numbers for the middle of a pandemic, and here's the thing: In the first four months of 2021, Changan Automobile doubled its sales versus the first four months of 2020 to nearly 467,000. Based on current trends, it's cruising toward selling a total of 1.4 million vehicles in 2021.
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Promising industry
BlackBerry has gone through a deep transformation of its business in the past several years: from a market-leading (then failing) smartphone maker to a cybersecurity company. Today, BlackBerry is viewed as a top security provider, as its solutions are claimed to address more than 96% of cyberthreats.
Contracts are inked
BlackBerry’s solutions, including QNX, IVY and others, seem to be gaining traction with the company’s clients. BlackBerry has reported several deals that could help it to drive increased revenue in the future.
Meme factor
Some analysts may see BB’s meme status as a risk. However, the stock can also benefit from a combination of increased popularity among retail investors and elevated short interest (the ratio was still around 8% as of the end of Q3, which is neither low nor too high).
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BlackBerry Honored with SE Labs Enterprise Advanced Security Test Award
BlackBerry Limited (NYSE: BB; TSX: BB) today announced the results from SE Labs' Enterprise Advanced Security Test on BlackBerry® Protect and BlackBerry® Optics, the company's AI-driven endpoint protection (EPP) and endpoint detection and response (EDR) products.
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What Patents Did BlackBerry Sell?
The company sold its non-core patents — for mobile devices, messaging, and wireless networking — to Catapult IP Innovations Inc. for $600 million. $450 million will be received in cash and the remainder in a promissory note payable in five equal annual installments of $30 million in cash.
Was It a Good Deal?
Many analysts and investors had viewed the sale as a main near-term catalyst for the stock.
What's Next for BB Stock?
BlackBerry seemed satisfied with the deal, since the sale of the patents can help improve the future of its business. Now it's up to the company to make good use of the amount raised.
