BlackBerry (NYSE:BB) Issues Q1 2025 Earnings Guidance

BlackBerry (NYSE:BB) updated its first quarter 2025 earnings guidance on Wednesday. The company provided EPS guidance of -0.060–0.040 for the period, compared to the consensus EPS estimate of -0.020. The company issued revenue guidance of $130.0 million-$138.0 million, compared to the consensus revenue estimate of $151.1 million. BlackBerry also updated its FY 2025 guidance to -0.070–0.030 EPS.

BlackBerry Stock Up 0.2 %

NYSE BB traded up $0.01 during trading hours on Wednesday, hitting $2.81. 10,550,255 shares of the stock were exchanged, compared to its average volume of 9,562,382. The stock has a 50-day moving average of $2.77 and a 200 day moving average of $3.45. BlackBerry has a 12-month low of $2.46 and a 12-month high of $5.75. The company has a market cap of $1.65 billion, a price-to-earnings ratio of -2.83 and a beta of 1.41.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Canaccord Genuity Group cut their price target on shares of BlackBerry from $5.00 to $4.25 and set a hold rating for the company in a report on Thursday, December 21st. StockNews.com downgraded shares of BlackBerry from a hold rating to a sell rating in a research note on Wednesday, February 21st. TD Securities cut their price objective on shares of BlackBerry from $4.00 to $3.75 and set a hold rating on the stock in a report on Thursday, December 21st. CIBC dropped their price target on BlackBerry from $4.25 to $3.50 and set a neutral rating for the company in a research note on Wednesday, February 14th. Finally, Royal Bank of Canada reduced their target price on shares of BlackBerry from $4.00 to $3.00 and set a sector perform rating on the stock in a report on Wednesday, February 14th. One research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of Hold and a consensus price target of $4.08.

Insider Activity at BlackBerry

In related news, Director Philip G. Brace acquired 35,000 shares of the stock in a transaction that occurred on Wednesday, February 14th. The shares were purchased at an average cost of $2.79 per share, with a total value of $97,650.00. Following the completion of the transaction, the director now owns 35,000 shares of the company’s stock, valued at approximately $97,650. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, Director Philip G. Brace purchased 35,000 shares of BlackBerry stock in a transaction dated Wednesday, February 14th. The stock was acquired at an average cost of $2.79 per share, for a total transaction of $97,650.00. Following the acquisition, the director now directly owns 35,000 shares in the company, valued at $97,650. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Steve Rai sold 20,047 shares of the stock in a transaction that occurred on Monday, January 8th. The stock was sold at an average price of $3.25, for a total value of $65,152.75. Following the completion of the transaction, the chief financial officer now owns 84,599 shares in the company, valued at approximately $274,946.75. The disclosure for this sale can be found here. Insiders sold 44,090 shares of company stock worth $142,812 in the last quarter. 1.94% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of BB. CIBC Asset Management Inc raised its stake in shares of BlackBerry by 0.6% in the 2nd quarter. CIBC Asset Management Inc now owns 487,646 shares of the company’s stock valued at $2,704,000 after acquiring an additional 2,821 shares in the last quarter. FMR LLC grew its holdings in BlackBerry by 11.7% during the second quarter. FMR LLC now owns 27,322 shares of the company’s stock valued at $147,000 after purchasing an additional 2,851 shares during the last quarter. Alliancebernstein L.P. grew its holdings in BlackBerry by 3.9% during the second quarter. Alliancebernstein L.P. now owns 97,366 shares of the company’s stock valued at $538,000 after purchasing an additional 3,688 shares during the last quarter. Commonwealth Equity Services LLC raised its position in shares of BlackBerry by 17.1% in the third quarter. Commonwealth Equity Services LLC now owns 26,640 shares of the company’s stock valued at $125,000 after purchasing an additional 3,892 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of BlackBerry by 1.0% in the fourth quarter. The Manufacturers Life Insurance Company now owns 385,692 shares of the company’s stock worth $1,370,000 after buying an additional 3,925 shares during the last quarter. Institutional investors own 54.48% of the company’s stock.

BlackBerry Company Profile

BlackBerry Limited provides intelligent security software and services to enterprises and governments worldwide. The company operates through three segments: Cybersecurity, IoT, and Licensing and Other. The company offers CylancePROTECT, an endpoint protection platform and mobile threat defense solution; CylanceOPTICS, an endpoint detection and response solution; CylanceGUARD, a managed detection and response solution; CylanceGATEWAY, an AI-empowered zero-trust network access solution; CylancePERSONA, a user and entity behavior analytics solution; BlackBerry unified endpoint management, a central software component for secure communications platform; BlackBerry Dynamics, a development platform and secure container for mobile applications; and BlackBerry Workspaces solutions.