BlackBerry's shares fell sharply Wednesday. Image source: Getty Images. A worldwide semiconductor shortage that has forced car manufacturers to curtail production also weighed on sales of BlackBerry's QNX operating system for the automotive market.
Full Answer
Will BB stock show more weakness in the short term?
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 BB stock a risky bet to buy?
Mar 31, 2021 · A steep decline in sales prompted many investors to sell their shares. What happened BlackBerry 's ( BB -5.78%) stock price sank 9.7% Wednesday, following the release of the software company's...
Who buys BBBB stock?
Jun 25, 2021 · BB stock was down 6% as of Friday afternoon ut is up 81% since the start of the year. There’s plenty of other recent stock market news that investors will want to know about.
Is there an upside for BlackBerry stock?
Apr 24, 2022 · Their forecasts range from $6.50 to $11.00. On average, they anticipate BlackBerry's stock price to reach $7.92 in the next year. This suggests a possible upside of 54.3% from the stock's current price. View analysts' price targets for BlackBerry or view top-rated stocks among Wall Street analysts.
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...
What happened
BlackBerry 's ( BB 1.51% ) stock price sank 9.7% Wednesday, following the release of the software company's fourth-quarter earnings results.
So what
BlackBerry's revenue fell 25% year over year to $210 million. That was well below the $245 million Wall Street had expected.
NYSE: BB
BlackBerry's shares fell sharply Wednesday. Image source: Getty Images.
Now what
BlackBerry's stock got caught up in the short squeeze mania that helped to drive up the prices of stocks like GameStop and AMC Entertainment in recent months. But while day traders can temporarily impact market prices, the long-term value of a business is ultimately determined by its sales and profits.
Premium Investing Services
Invest better with the Motley Fool. Get stock recommendations, portfolio guidance, and more from the Motley Fool's premium services.
What is BlackBerry holding onto?
BlackBerry is holding onto patents in its focus areas, cybersecurity, and connected cars. It’ll also result in a cash inflow. This cash inflow will be put to use to speed up BlackBerry’s growth. For example, acquisitions may be made, there may be more spending on marketing, sales, and tech.
Is BlackBerry still in the building phase?
The transitioning of its business model away from phones has been a long road. Even today, BlackBerry remains in the building phase. But the light at the end of the tunnel is becoming clearer. For example, BlackBerry has won many industry awards for its software.
Is BlackBerry QNX bouncing back?
So, back to the good news of the day. BlackBerry QNX is bouncing back to pre-pandemic levels. In fact, the company expects billing growth to be in the double-digit range for fiscal 2022. But right now, revenue growth remains elusive for BlackBerry.
What is the Motley Fool's recommendation for Amazon?
The Motley Fool owns shares of and recommends Amazon. The Motley Fool recommends BlackBerry and BlackBerry and recommends the following options: long January 2022 $1920 calls on Amazon and short January 2022 $1940 calls on Amazon.
Is QNX going to be a double digit revenue?
BlackBerry QNX is bouncing back to pre-pandemic levels. In fact, the company expects billing growth to be in the double-digit range for fiscal 2022. But right now, revenue growth remains elusive for BlackBerry.
How much is BlackBerry revenue in 2021?
Even so, the company’s revenue is still better than analysts’ estimates of $171.3 million. John Chen, executive chairman and CEO of BlackBerry, also spoke during the company’s earnings call.
Who is the CEO of BlackBerry?
John Chen, executive chairman and CEO of BlackBerry, also spoke during the company’s earnings call. He took time to discuss its outlook for the year, which includes its Internet of Things (IOT) and auto businesses. A segment of that is collected below from The Motely Fool.
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 does a high score mean on BlackBerry?
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.
What is the symbol for BlackBerry?
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.
When will BlackBerry be released?
BlackBerry (BB-T) December 21, 2020. It is in two businesses – data security for companies and in the auto sector for the connected car. They complete with data security against MSFT-Q with products offered almost for free and the other is PANW-N who announces business they took away from competitors.
Should you buy BB stock on its recent weakness?
Rising interest rate fears have toppled almost all growth stocks so far this year. Hopefully, stocks will bottom out soon. BlackBerry stock fell below its crucial psychological support level of $10 apiece yesterday but soon recovered. It closed at $10.40 on Tuesday.
Concerning revenue growth
The cybersecurity and automotive software market are high-growth areas and are expected to grow by around 13% CAGR through 2027. The cybersecurity vertical adds around two-thirds to its consolidated revenues, while IoT is responsible for 23%. The licensing arm makes up the rest.
The Foolish takeaway
Even if BlackBerry stock has dropped notably in the last few weeks, investors are looking for high-quality revenue growth. A sustainable topline growth could drive stable earnings and, ultimately, shareholder return in the long term. So, slow-but-stable revenue growth will make BB more appealing for investors, irrespective of its price levels.
Stock Advisor Canada Returns
Returns since inception, October 2013. Current as of February 15, 2022.
Robinhood trading restrictions sap the short squeeze's strength
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
BlackBerry ( NYSE:BB) stock tanked 20% in 10:30 a.m. EST trading today.
So what
BlackBerry stock sits on a list of eight specific stocks currently restricted for trading on the popular Robinhood stock trading app. Robinhood states that its customers are currently not permitted to buy new shares of BlackBerry if they own 700 or more shares, nor buy new option contracts if they own more than 700 such contracts.
Now what
Yesterday, Robinhood announced that it has secured $3.4 billion in financing "to invest in record customer growth, including $1 billion in funding announced on January 29." The company had previously explained that it imposed trading restrictions in the first place because it lacked the cash to meet "deposit requirements" imposed by its securities clearinghouse..
BlackBerry beat earnings, but it still lost a lot of money
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 transformed into a security software specialist, crashed in Friday morning trading, and are now down 11.5% as of 11:05 a.m. EST.
So what
From a pro forma perspective, BlackBerry did exceed expectations. Adjusted earnings for the fiscal third quarter 2020 were $0.02 per share, versus the $0.01 per share loss analysts had predicted. Quarterly adjusted sales of $224 million likewise exceeded forecasts for $219.7 million.
Now what
In short, BlackBerry management could make all the arguments it wanted about the quarter being "solid" -- but the numbers still look pretty glaringly bad. In total, BlackBerry has now racked up $830 million in losses over the past 12 months. Revenue is sliding and profit margins deteriorating.
