Shares of BlackBerry (BB 2.36%) are climbing once again today after gaining 25% yesterday. Yesterday's jump and today's subsequent rise stem from the company's new agreement to work with Amazon 's cloud computing company, Amazon Web Services (AWS), on an intelligent vehicle data platform.
Full Answer
What happened to BlackBerry?
May 26, 2021 · Today, shares were moving up again, with GameStop 14% higher, AMC up 11.8%, and BlackBerry and Express up 8.8% and 18.5%, respectively, as of 11:15 a.m. EDT. So what
Is BlackBerry stock still a buy at its nine-year highs?
Jan 15, 2021 · Why BlackBerry Stock Jumped Again Today. Contributor. Chris Neiger The Motley Fool Published. Jan 15, 2021 12:25PM EST. What happened. Shares of BlackBerry ...
Could BlackBerry and AMC be headed for a short squeeze?
Dec 02, 2020 · Why BlackBerry Stock Jumped Again Today By Chris Neiger - Dec 2, 2020 at 1:27PM You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services.
What do analysts expect for BlackBerry's revenue growth next year?
Dec 02, 2020 · What happenedShares of BlackBerry (NYSE: BB) are climbing once again today after gaining 25% yesterday. Yesterday's jump and today's subsequent rise stem from the company's new agreement to work ...
Why is BlackBerry jumping?
The jump comes after a slew of press releases from BlackBerry stock. The announcements sent shares climbing after weeks of the stock being in free fall.Oct 13, 2021
Is BlackBerry stock a good buy?
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
Why is BlackBerry stock rallied 25% today?
Blackberry Ltd. shares rallied in the extended session Wednesday after the cybersecurity and Internet-of-Things company exceeded Wall Street expectations for the quarter. ... “Revenue for all businesses beat expectations this quarter,” said John Chen, BlackBerry chairman and chief executive, in a statement.Sep 23, 2021
What is the stock prediction for BlackBerry?
Stock Price Forecast 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 +3.70% increase from the last price of 6.75.
Is BlackBerry going 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
Does BlackBerry stock pay dividends?
BLACKBERRY (NYSE: BB) does not pay a dividend.
Why did BlackBerry failed?
What caused BlackBerry's failure? BlackBerry lost out to Apple and Samsung for dominance of the smartphone market. Fundamentally, the company's mistakes were linked to an excessive focus on enterprise over consumer tastes and preferences, an OS that nobody was building apps for.
Does BB Short Squeeze?
BlackBerry's short interest According to MarketBeat, 6.76% of BB shares are currently being sold short. That's a fairly high level of short interest. It's not as high as it is with GME or AMC, but it's fairly high. If 6.76% of a stock's float has to be bought up all at once, you're going to see a squeeze.Jul 14, 2021
Who bought BlackBerry?
Today, the company announced a sale of its prized patent portfolio for $600 million. The buyer is "Catapult IP Innovations Inc.," a new company BlackBerry describes as "a special purpose vehicle formed to acquire the BlackBerry patent assets."Jan 31, 2022
What is Nio price target?
The 29 analysts offering 12-month price forecasts for NIO Inc have a median target of 33.00, with a high estimate of 86.73 and a low estimate of 24.13. The median estimate represents a +69.58% increase from the last price of 19.46.
What is the future of Tilray stock?
The analysts following Tilray expect it to perhaps double its 2021 revenues in fiscal 2022. That means that it is possible for Tilray to reach $4 billion in 2024 if its trajectory continues as it has. In other words, it doubles in 2022 to reach $1 billion in revenue.Jan 4, 2022
Shares are still riding high after yesterday's announcement
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) are climbing once again today after gaining 25% yesterday. Yesterday's jump and today's subsequent rise stem from the company's new agreement to work with Amazon 's cloud computing company, Amazon Web Services (AWS), on an intelligent vehicle data platform.
So what
BlackBerry said yesterday that its new intelligent vehicle data platform, IVY, will help automakers understand and utilize vehicle sensor data.
Now what
The global multi-year agreement between the two companies boosted investor sentiment in BlackBerry over the past two days.
What happened
Shares of AMC Entertainment Holdings (NYSE: AMC), GameStop (NYSE: GME), BlackBerry (NYSE: BB), and clothing retailer Express (NYSE: EXPR) are up between 10% and 50% in just the last five days.
So what
Reddit users might again be looking to force a short squeeze, and there seems to be some room for that to occur. But not all of these names are in the same position as earlier in the year.
Now what
GameStop still had almost 12 million shares sold short as of the end of April; that represents about 18% of its outstanding shares. But that's a far cry from the situation in January, as GameStop shares held short have declined by about 80% since then.
How much did BlackBerry lose in 2021?
In the first nine months of 2021, BlackBerry's revenue declined 10% year over year to $683 million after it lapped those gains. Its QNX revenue also plunged as the pandemic disrupted the auto industry. Its net loss widened from $111 million to $789 million during that period, mainly due to a hefty goodwill impairment charge.
Who is the CEO of BlackBerry?
Under CEO John Chen, who took the helm in late 2013, BlackBerry phased out its hardware business, licensed its brand to third-party smartphone manufacturers, and expanded its software and services business. It also aggressively sued other companies to boost its patent licensing revenue.
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.
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. Leo Sun owns shares of Amazon, Baidu, and Snap Inc. The Motley Fool owns shares of and recommends Amazon, Baidu, and Facebook. The Motley Fool recommends BlackBerry and ...
What is the name of the company that is partnering with Amazon?
BlackBerry's rally started in early December after the company announced a partnership with Amazon ( NASDAQ:AMZN) Web Services (AWS) to co-develop IVY, a new cloud-based automotive platform based on its embedded operating system QNX.
Is BlackBerry doomed?
BlackBerry isn't doomed yet , but its core business still faces significant challenges from other cybersecurity companies, and its licensing business will eventually run out of companies to sue and patents to sell. Therefore, investors should take profits in BlackBerry now instead of waiting for lightning to strike twice.
