BlackBerry (BB) to Release Earnings on Wednesday

BlackBerry (NYSE:BBGet Free Report) will post its quarterly earnings results after the market closes on Wednesday, April 3rd. Analysts expect BlackBerry to post earnings of ($0.03) per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

BlackBerry Stock Up 0.4 %

NYSE:BB opened at $2.76 on Monday. The stock has a market cap of $1.63 billion, a PE ratio of -2.79 and a beta of 1.42. BlackBerry has a fifty-two week low of $2.46 and a fifty-two week high of $5.75. The firm’s fifty day simple moving average is $2.80 and its 200-day simple moving average is $3.49.

Insider Activity

In other news, CEO John Joseph Giamatteo sold 29,862 shares of the business’s stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $3.25, for a total value of $97,051.50. Following the completion of the sale, the chief executive officer now directly owns 153,346 shares in the company, valued at $498,374.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other BlackBerry news, CEO John Joseph Giamatteo sold 29,862 shares of the firm’s stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $3.25, for a total value of $97,051.50. Following the sale, the chief executive officer now owns 153,346 shares of the company’s stock, valued at approximately $498,374.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Philip G. Brace purchased 35,000 shares of the business’s stock in a transaction dated Wednesday, February 14th. The shares were acquired at an average price of $2.79 per share, with a total value 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 disclosure for this purchase can be found here. In the last quarter, insiders have sold 84,071 shares of company stock valued at $272,750. Insiders own 1.94% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Principal Financial Group Inc. bought a new position in BlackBerry during the 1st quarter valued at about $96,000. JPMorgan Chase & Co. boosted its holdings in shares of BlackBerry by 20.9% in the 1st 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 in the last quarter. Raymond James Financial Services Advisors Inc. grew its position in BlackBerry by 31.6% during the 1st 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 holdings in BlackBerry by 62.9% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 12,876 shares of the company’s stock valued at $95,000 after purchasing an additional 4,974 shares in the last quarter. Finally, Citigroup Inc. increased its holdings in BlackBerry by 26.1% during the 1st quarter. Citigroup Inc. now owns 549,820 shares of the company’s stock valued at $4,080,000 after purchasing an additional 113,962 shares in the last quarter. Institutional investors and hedge funds own 54.48% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on BB shares. Royal Bank of Canada cut their target price on shares of BlackBerry from $4.00 to $3.00 and set a “sector perform” rating for the company in a research report on Wednesday, February 14th. StockNews.com downgraded BlackBerry from a “hold” rating to a “sell” rating in a research report on Wednesday, February 21st. Raymond James dropped their price target on BlackBerry from $7.00 to $6.50 and set a “market perform” rating for the company in a research report on Thursday, December 21st. Canaccord Genuity Group reduced their price objective on BlackBerry from $5.00 to $4.25 and set a “hold” rating on the stock in a research report on Thursday, December 21st. Finally, Robert W. Baird decreased their target price on shares of BlackBerry from $4.50 to $3.50 and set a “neutral” rating on the stock in a research 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. According to MarketBeat, BlackBerry presently has a consensus rating of “Hold” and an average price target of $4.08.

Get Our Latest Stock Analysis on BB

BlackBerry Company Profile

(Get Free Report)

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.

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Earnings History for BlackBerry (NYSE:BB)

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