Shares of BlackBerry ( NYSE:BB) shot up today after the company announced that it's joining forces with Amazon.com 's cloud computing branch, Amazon Web Services (AWS), to develop and market its intelligent vehicle data platform, called IVY. The tech stock spiked as much as 65.1% and shares were up by 45.5% as of 1:14 p.m. EST.
Is BlackBerry stock worth buying?
Jan 25, 2021 · The stock is up 182% for the month, including Monday's gains, after BlackBerry became one of the most talked about stocks on the r/WallStreetBets subreddit. We've seen other examples of stocks ...
Should I buy BlackBerry?
Jun 01, 2021 · Print Article. The BlackBerry meme play has returned with a vengeance. In the first four weeks of January, BlackBerry stock (ticker: BB) nearly quadrupled, hitting a …
Should you buy BB stock?
Jan 22, 2021 · Ever since the settlement was announced, BlackBerry stock has gone nowhere but up. After rising another 8% through 2:30 p.m. EST today, the stock is now up 87% in a week. Image source: Getty Images.
Is BMY a buy now?
Mar 29, 2022 · BlackBerry's stock was trading at $4.16 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, BB shares have increased by 63.5% and is now trading at $6.80.
Why is BlackBerry stock on the rise?
BlackBerry Limited (NYSE: BB) shares are trading higher after the company announced announced the availability of a QNX Hypervisor and VIRTIO-based reference design to virtualize Android Automotive OS on the 3rd generation Snapdragon Automotive Cockpit platform. The company is collaborating with Alphabet Inc.Oct 13, 2021
Is BlackBerry a good stock investment?
BlackBerry stock is a high-risk bet In fiscal 2021, BlackBerry sales fell by 14% due to supply chain disruptions that exacerbated the slowdown of the global automobile industry. BlackBerry's cybersecurity business also grew at a far slower pace compared to peers such as CrowdStrike and Palo Alto Networks.Mar 5, 2022
Is BlackBerry expected to rise?
BlackBerry's earnings over the next few years are expected to increase by 47%, indicating a highly optimistic future ahead.Mar 14, 2022
Will BlackBerry go up tomorrow?
There's a good chance that this upwards movement will continue tomorrow as well....Munafa value: 65 as on 13 Wed Apr 2022.Upside target7.18Upside target6.94Downside target6.79Downside target6.66Downside target6.554 more rows
Will BlackBerry go out of business?
No Longer in Service: BlackBerry Phones Come to Their End. BlackBerry was once Canada's most valuable company and a global force in tech. The final step in its downfall as a phone maker arrived this week.Jan 8, 2022
Is BlackBerry stock overvalued?
BlackBerry needs a much stronger rebound in revenues and cash flow to grow into its current market value. Based on BlackBerry's commercial performance, the shares remain massively overvalued!Sep 26, 2021
Why BlackBerry stocks going down?
Shares of BlackBerry ( BB -2.48% ) 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 shift away from software stocks.Mar 7, 2022
Why did BlackBerry stock fall?
While the revenue decline was primarily due to lower licensing revenues, which are typically volatile, BlackBerry saw its Internet Of Things software sales rise sharply by almost 48% year-over-year to $43 million, as demand for its QNX operating system, which is used in automobiles, jumped.Nov 26, 2021
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...
Who is Randi Zuckerberg?
Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to its CEO, Mark Zuckerberg, is a member of The Motley Fool's board of directors. Rich Smith has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Amazon and Facebook. The Motley Fool recommends BlackBerry and ...
Who is John Mackey?
John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors.
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 ratings and 2 hold ratings for the stock.
What stocks does MarketBeat like better than BlackBerry?
Wall Street analysts have given BlackBerry a "Sell" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but BlackBerry wasn't one of them.
When is BlackBerry's next earnings date?
BlackBerry is scheduled to release its next quarterly earnings announcement on Thursday, September 23rd 2021.#N#View our earnings forecast for BlackBerry.
How were BlackBerry's earnings last quarter?
BlackBerry Limited (NYSE:BB) posted its quarterly earnings results on Wednesday, June, 23rd. The company reported ($0.05) earnings per share for the quarter, meeting the consensus estimate of ($0.05). The business had revenue of $174 million for the quarter, compared to analysts' expectations of $171.04 million.
How has BlackBerry's stock been impacted by Coronavirus?
BlackBerry's stock was trading at $4.16 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, BB stock has increased by 156.0% and is now trading at $10.65.#N#View which stocks have been most impacted by COVID-19.
What price target have analysts set for BB?
6 brokers have issued 12 month price targets for BlackBerry's stock. Their forecasts range from $7.50 to $11.00. On average, they anticipate BlackBerry's share price to reach $9.30 in the next twelve months.
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 puts John Chen in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.
And was the decline justified?
I like things that go "boom." Sonic or otherwise, that means I tend to gravitate towards defense and aerospace stocks. But to tell the truth, over the course of a dozen years writing for The Motley Fool, I have covered -- and continue to cover -- everything from retailers to consumer goods stocks, and from tech to banks to insurers as well.
What happened
Shares of once-dominant smartphone maker BlackBerry ( NYSE:BB), 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.
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.
BlackBerry and AWS announced an agreement to develop an intelligent vehicle data platform
Chris has covered Tech and Telecom companies for The Motley Fool since 2012. Follow him on Twitter for the latest tech stock coverage. Follow @tmfnewsie
What happened
Shares of BlackBerry ( NYSE:BB) shot up today after the company announced that it's joining forces with Amazon.com 's cloud computing branch, Amazon Web Services (AWS), to develop and market its intelligent vehicle data platform, called IVY.
So what
BlackBerry said that its IVY platform will allow automakers "to provide a consistent and secure way to read vehicle sensor data" and use it to create new vehicle services or provide a better experience for drivers.
Now what
Investors were clearly happy with today's agreement between the two companies and sent BlackBerry's stock soaring. BlackBerry's share price has been in negative territory most of this year, but with today's gains, its stock is up 38% year to date.
BlackBerry ends its legal feud with Facebook -- but what did BlackBerry get out of it?
I like things that go "boom." Sonic or otherwise, that means I tend to gravitate towards defense and aerospace stocks. But to tell the truth, over the course of a dozen years writing for The Motley Fool, I have covered -- and continue to cover -- everything from retailers to consumer goods stocks, and from tech to banks to insurers as well.
What happened
Shares of BlackBerry Limited ( NYSE:BB), the once smartphone maker that has transformed into a security software specialist, are soaring Tuesday morning -- the first trading day after Bloomberg reported, Friday after close of trading, that BlackBerry has settled a legal dispute with Facebook ( NASDAQ:FB) over the subject of patent royalties.
So what
Quoting a BlackBerry spokeswoman, the news agency reports that BlackBerry has "resolved our disputes pursuant to a confidential agreement and have no further comment." Facebook also declined to comment.
Now what
It's unknown at present exactly how all this shook out in the settlement. Investors in BlackBerry will be hoping that Facebook has withdrawn its claims against BlackBerry, and that it has agreed to pay the company royalties on its tech (without BlackBerry having to pay royalties of its own).
Analysis and Opinions about BB-T
Has recently started adding to it in the portfolio. The fundamentals for the stocks are good for EV. Does not have a massive position but outlook is good. Levels right now are decent to get into.
BlackBerry (BB-T) Rating
Stockchase rating for BlackBerry is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.
BlackBerry (BB-T) Frequently Asked Questions
BlackBerry is a Canadian stock, trading under the symbol BB-T on the Toronto Stock Exchange (BB-CT). It is usually referred to as TSX:BB or BB-T
