Why BlackBerry (BBRY
BlackBerry Limited
BlackBerry Limited is a Canadian multinational company specialising in enterprise software and the Internet of things. Originally known as Research In Motion, it is best known to the general public as the former developer of the BlackBerry brand of smartphones, and tablets. It transitione…
Is BlackBerry stock worth buying?
Jun 09, 2021 · What happened. 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 ...
Should I buy BlackBerry?
Oct 12, 2021 · Image source: Getty Images. BlackBerry (TSX:BB) (NYSE:BB) stock has been tumbling lately. Down 11.4% over the past month, it has taken a real beating. As I wrote in a recent article, the Reddit ...
Should you buy BB stock?
Feb 09, 2022 · In anticipation of monetary policy tightening, most institutional investors started to adjust their bets and reduce their holdings in the technology sector (which is usually considered risky) in...
Is BMY a buy now?
Jun 03, 2021 · BlackBerry Stock Opened With A Big Gap Up As Traders Remained Focused On “Meme Stocks”. Shares of BlackBerry tested the $20 level during today’s trading session after a strong upside move on ...
Why have BlackBerry shares dropped?
Shares of BlackBerry traded sharply lower Friday after the Canadian cybersecurity company posted fourth-quarter revenue that missed analysts' estimates.Apr 1, 2022
Is BlackBerry a good stock to 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
Should I hold onto my BlackBerry stock?
BlackBerry holds an undesirable Earnings Per Share Rating of 12 on a scale of 1 to 99. Generally, you want to focus your watchlist of stocks of those with EPS and Composite scores of 80 or higher.Apr 3, 2022
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 +7.53% increase from the last price of 6.51.
Will BlackBerry go up tomorrow?
Tomorrow's movement Prediction of BlackBerry Limited BB as on 05 Apr 2022 appears strongly Bullish. This stock started moving upwards as soon as it opened....Munafa value: 65 as on 05 Tue Apr 2022.Upside target7.34Upside target7.19Downside target7.06Downside target6.95Downside target6.935 more rows
Is BlackBerry stock a buy or sell?
The BlackBerry Limited stock holds a buy signal from the short-term moving average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock.
Why are BlackBerry shares going up?
BlackBerry now is primarily a software business, with a focus on both cybersecurity and software for the automotive industry. The rally in part could reflect investors trying to spur a short squeeze.Jun 2, 2021
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
What's happening to BlackBerry?
Despite being one of the first smartphones, it failed to innovate and became complacent in how the smartphone market was changing. In January 2022, BlackBerry stopped supporting its operating system on older models, essentially making the once iconic phones obsolete.Jan 14, 2022
What is Nio price target?
The 29 analysts offering 12-month price forecasts for NIO Inc have a median target of 32.97, with a high estimate of 86.67 and a low estimate of 24.11. The median estimate represents a +71.83% increase from the last price of 19.19.
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...
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.
Why is BlackBerry stock weak?
The problem here and a major reason for BlackBerry stock’s weakness today is simple. The company is in negotiations to sell off a big chunk of its patent portfolio. This has and will continue to negatively affect licensing revenue. But I view this as short-term pain for long-term gain, because it’ll result in greater focus. 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. This will all further the company’s penetration of its industries.
What is BlackBerry QNX?
BlackBerry QNX is at the forefront of transforming automobiles into connected systems today and autonomous vehicles tomorrow. In the quarter, BlackBerry QNX continued to see a recovery after being hit hard in the early days of the pandemic. BlackBerry’s software has long been used for infotainment systems, acoustics, and dashboard functions.
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 5G a technology?
5G is one of the greatest arrivals in technology since the birth of the internet. We could see plenty of new wealth-building opportunities in 2021 that would potentially dwarf any that came before them.
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
Canaccord crushes BlackBerry investors' hopes with a sell rating
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
For the second day in a row, shares of software company BlackBerry ( NYSE:BB) are sliding. Down more than 6% in Tuesday trading, they were falling another 7.5% through 1:45 p.m. EST Wednesday, a two-day loss that adds up to nearly 13%.
So what
In a bit of a head fake of a ratings change, Canaccord raised its price target on BlackBerry yesterday, but then downgraded the shares to sell.
Now what
According to Canaccord, about the most investors can hope for out of BlackBerry is 5.6% sales growth in fiscal 2022, followed by 7.4% sales growth in 2023. It's worth pointing out that these estimates are more pessimistic than the average forecast on Wall Street, where the consensus calls for 9.2% sales growth next year.
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.
