Why is BlackBerry stock dropping so aggressive today?
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 ...
Why is BlackBerry’s stock plunging 20%?
Mar 31, 2021 · A steep decline in sales prompted many investors to sell their shares. What happened BlackBerry 's ( BB -2.48% ) stock price sank 9.7% Wednesday, following the release of the software company's...
Should you buy or sell BlackBerry (BB) stock?
Dec 18, 2020 · What happened Shares of BlackBerry Limited ( BB 0.61% ), the once-smartphone maker transformed into a security software specialist, crashed in Friday morning trading, and are now down 11.5% as of...
Will BlackBerry stock pull back like GameStop stock did?
Jan 28, 2021 · BlackBerry (TSX:BB)(NYSE:BB) stock could be declining, because the short squeeze has been blocked by American brokers. Canadian investors could consider buying the …
Is BlackBerry a good stock to buy?
Is BlackBerry a Buy Sell or Hold?
Is BlackBerry Stock gonna go up?
Is BlackBerry going out of business?
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.
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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.
Will BlackBerry stock pull back?
In January, Reddit traders targeted BlackBerry stock in the same way they hit GameStop shares. A swarm of sudden interest sent the valuations of both companies significantly higher. GameStop stock is already correcting, and investors worry BB shares will follow suit.
How to invest now
No one knows if a near-term plunge is around the corner, but the long-term case for BlackBerry stock remains strong.
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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.
Why has BlackBerry stock dropped?
BlackBerry has been on a downtrend, and is 70 percent below its recent peak. The fall looks to be a result of short squeeze fatigue.
Will BlackBerry stock recover?
BlackBerry stock has traded between $3.75 and $28.77 in recent months. It's 130 percent above its recent low, but may take time to recover to its recent peak. Based on BlackBerry’s short interest of percent, however, most investors seem to be betting the stock will rise.
BlackBerry's (BB) stock forecast is bearish
Although BlackBerry has the potential to reach its historic highs, Wall Street sentiment suggests BB stock may come down a little more before picking up again. Analysts' average price target of $8.38 implies a 4 percent downside from its current price. Their highest price target of $10 implies a 15 percent upside.
Is BlackBerry a good stock to buy now?
At its current price, BB stock is starting to look like a good buy. And there are other factors making it look attractive.
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.
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.
Tech stocks fell last month, and BlackBerry also reported quarterly results
Evan is a Senior Technology Analyst at The Motley Fool. He was previously a Senior Trading Specialist at Charles Schwab, and worked briefly at Tesla. Evan graduated from the University of Texas at Austin, and is a CFA charterholder.
What happened
Shares of BlackBerry ( NYSE:BB) declined 10% in September, according to data provided by S&P Global Market Intelligence. The market suffered from broad declines in the beginning of the month, which hit tech stocks particularly hard, and BlackBerry reported fiscal second-quarter results near the end of the month.
So what
Investors had mixed reactions to the earnings release, sending shares up as much as 11% that day before they closed down modestly. Adjusted revenue grew slightly to $266 million, which resulted in adjusted net income of $62 million, or $0.11 per share.
Now what
BlackBerry launched Spark, a suite of enterprise end-point security services, earlier this year, and CEO John Chen said that customer interest for the offering was strong and that demand was growing. The company has seen some success in getting customers to upgrade, helping to offset some of the weakness in other segments like BTS.
