BlackBerry (NYSE:BB) Updates FY 2025 Earnings Guidance

BlackBerry (NYSE:BB) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided earnings per share guidance of -0.070–0.030 for the period, compared to the consensus earnings per share estimate of -0.020. The company issued revenue guidance of $586.0 million-$616.0 million, compared to the consensus revenue estimate of $653.8 million. BlackBerry also updated its Q1 2025 guidance to -0.060–0.040 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 company were exchanged, compared to its average volume of 9,562,382. The company has a 50 day moving average of $2.77 and a two-hundred day moving average of $3.45. BlackBerry has a 52-week low of $2.46 and a 52-week high of $5.75. The firm has a market cap of $1.65 billion, a price-to-earnings ratio of -2.83 and a beta of 1.41.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Robert W. Baird lowered their price objective on BlackBerry from $4.50 to $3.50 and set a neutral rating for the company in a research report on Wednesday, February 14th. Royal Bank of Canada reduced their price objective on BlackBerry from $4.00 to $3.00 and set a sector perform rating for the company in a research note on Wednesday, February 14th. StockNews.com downgraded BlackBerry from a hold rating to a sell rating in a research note on Wednesday, February 21st. Canaccord Genuity Group cut their target price on BlackBerry from $5.00 to $4.25 and set a hold rating for the company in a research note on Thursday, December 21st. Finally, TD Securities dropped their price objective on BlackBerry from $4.00 to $3.75 and set a hold rating for the company in a research note on Thursday, December 21st. One equities research analyst has rated the stock with a sell rating and six have given a hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of Hold and an average target price of $4.08.

Insider Activity at BlackBerry

In other news, Director Philip G. Brace bought 35,000 shares of BlackBerry stock in a transaction that occurred on Wednesday, February 14th. The shares were purchased at an average price of $2.79 per share, for a total transaction of $97,650.00. Following the completion of the acquisition, the director now owns 35,000 shares of the company’s stock, valued at $97,650. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other BlackBerry news, CFO Steve Rai sold 20,047 shares of the firm’s stock in a transaction dated Monday, January 8th. The stock was sold at an average price of $3.25, for a total value of $65,152.75. Following the transaction, the chief financial officer now directly owns 84,599 shares of the company’s stock, valued at $274,946.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Philip G. Brace acquired 35,000 shares of the business’s stock in a transaction on Wednesday, February 14th. The stock was bought at an average cost of $2.79 per share, for a total transaction of $97,650.00. Following the completion of the transaction, the director now directly owns 35,000 shares of the company’s stock, valued at $97,650. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 44,090 shares of company stock worth $142,812. 1.94% of the stock is owned by insiders.

Institutional Trading of BlackBerry

A number of hedge funds and other institutional investors have recently modified their holdings of BB. Principal Financial Group Inc. purchased a new stake in shares of BlackBerry during the first quarter worth about $96,000. JPMorgan Chase & Co. increased its position in shares of BlackBerry by 20.9% during the first quarter. JPMorgan Chase & Co. now owns 2,012,638 shares of the company’s stock worth $15,014,000 after acquiring an additional 348,263 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its position in shares of BlackBerry by 31.6% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 34,771 shares of the company’s stock worth $259,000 after acquiring an additional 8,343 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its position in shares of BlackBerry by 62.9% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 12,876 shares of the company’s stock worth $95,000 after acquiring an additional 4,974 shares during the last quarter. Finally, Citigroup Inc. grew its stake in BlackBerry by 26.1% in the first quarter. Citigroup Inc. now owns 549,820 shares of the company’s stock worth $4,080,000 after purchasing an additional 113,962 shares in the last quarter. 54.48% of the stock is owned by hedge funds and other institutional investors.

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.