BlackBerry (BB) to Release Earnings on Wednesday

BlackBerry (NYSE:BB) is expected to be issuing its quarterly earnings data before the market opens on Wednesday, April 2nd. Analysts expect the company to announce earnings of $0.02 per share and revenue of $137.56 million for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

BlackBerry Stock Down 0.9 %

Shares of NYSE:BB opened at $3.93 on Monday. The company has a market cap of $2.34 billion, a PE ratio of -17.84 and a beta of 1.27. BlackBerry has a 1 year low of $2.01 and a 1 year high of $6.24. The stock’s 50-day moving average is $4.70 and its 200 day moving average is $3.48. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.37 and a quick ratio of 1.37.

Analysts Set New Price Targets

BB has been the topic of several recent analyst reports. Robert W. Baird lifted their price target on shares of BlackBerry from $3.00 to $3.50 and gave the company a “neutral” rating in a report on Friday, December 20th. TD Securities upgraded BlackBerry from a “hold” rating to a “buy” rating and upped their target price for the stock from $3.25 to $4.00 in a report on Friday, December 20th. Canaccord Genuity Group raised their price objective on BlackBerry from $3.00 to $4.75 and gave the company a “hold” rating in a research report on Tuesday, March 11th. Royal Bank of Canada lifted their price target on shares of BlackBerry from $3.25 to $4.00 and gave the company a “sector perform” rating in a research report on Friday, January 10th. Finally, StockNews.com raised shares of BlackBerry from a “sell” rating to a “hold” rating in a research note on Monday, December 9th. Six investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $3.91.

Insider Transactions at BlackBerry

In other BlackBerry news, CAO Jay P. Chai sold 24,425 shares of BlackBerry stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $4.19, for a total value of $102,340.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO John Joseph Giamatteo sold 155,815 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $3.68, for a total value of $573,399.20. Following the completion of the transaction, the chief executive officer now owns 385,552 shares in the company, valued at approximately $1,418,831.36. This trade represents a 28.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 244,221 shares of company stock worth $925,655. Corporate insiders own 0.34% 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 CylanceENDPOINT, an integrated endpoint security solution; CylanceGUARD, a managed detection and response solution; CylanceEDGE, an AI-powered continuous authentication zero trust network access solution; CylanceINTELLIGENCE, a contextual cyber threat intelligence service; BlackBerry Dynamics offers a development platform and secure container for mobile applications; BlackBerry Workspaces a secure Enterprise File Sync and Share (EFSS) solution; BlackBerry Messenger (BBM) Enterprise, an enterprise-grade secure instant messaging solution for messaging, voice and video; BlackBerry SecuSUITE is a certified, multi-OS voice and text messaging solution; BlackBerry AtHoc, a secure networked critical event management solution; and BlackBerry unified endpoint management (UEM) solutions.