BlackBerry (NYSE:BB) Posts Quarterly Earnings Results, Beats Estimates By $0.03 EPS

BlackBerry (NYSE:BB) posted its quarterly earnings results on Thursday. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.03, Briefing.com reports. The firm had revenue of $130.96 million for the quarter, compared to analyst estimates of $122.03 million. BlackBerry had a negative net margin of 6.44% and a positive return on equity of 2.29%. BlackBerry’s revenue for the quarter was down 10.6% compared to the same quarter last year. BlackBerry updated its Q3 2026 guidance to 0.020-0.040 EPS and its FY 2026 guidance to 0.110-0.15 EPS.

BlackBerry Price Performance

BlackBerry stock opened at $4.65 on Friday. The firm has a market cap of $2.74 billion, a PE ratio of -77.42 and a beta of 1.49. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.10 and a quick ratio of 2.10. The stock’s fifty day moving average price is $3.86 and its two-hundred day moving average price is $3.88. BlackBerry has a one year low of $2.24 and a one year high of $6.24.

Analysts Set New Price Targets

BB has been the topic of a number of research analyst reports. Wall Street Zen cut shares of BlackBerry from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Canaccord Genuity Group raised their price objective on BlackBerry from $4.25 to $4.60 and gave the company a “hold” rating in a research report on Tuesday, June 24th. CIBC reissued an “outperform” rating on shares of BlackBerry in a report on Tuesday, June 24th. Robert W. Baird boosted their price objective on BlackBerry from $4.00 to $5.00 and gave the stock a “neutral” rating in a report on Wednesday, June 25th. Finally, Royal Bank Of Canada set a $4.00 price target on BlackBerry and gave the stock a “sector perform” rating in a report on Monday. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, BlackBerry presently has an average rating of “Moderate Buy” and an average price target of $4.60.

Insider Activity at BlackBerry

In related news, CEO John Joseph Giamatteo sold 26,998 shares of the company’s stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $4.32, for a total transaction of $116,631.36. Following the completion of the sale, the chief executive officer owned 530,135 shares of the company’s stock, valued at $2,290,183.20. This represents a 4.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders sold a total of 42,200 shares of company stock valued at $182,385 in the last quarter. 0.37% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On BlackBerry

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of BlackBerry by 1,390.6% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,589,886 shares of the company’s stock worth $71,397,000 after buying an additional 14,544,005 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of BlackBerry by 183.6% in the second quarter. Bank of America Corp DE now owns 4,604,205 shares of the company’s stock worth $21,087,000 after acquiring an additional 2,980,732 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of BlackBerry by 263.2% in the second quarter. Geode Capital Management LLC now owns 1,167,739 shares of the company’s stock worth $5,348,000 after acquiring an additional 846,208 shares during the last quarter. Canada Pension Plan Investment Board boosted its stake in shares of BlackBerry by 221.6% in the 2nd quarter. Canada Pension Plan Investment Board now owns 1,169,500 shares of the company’s stock valued at $5,380,000 after purchasing an additional 805,900 shares in the last quarter. Finally, Vident Advisory LLC grew its holdings in shares of BlackBerry by 46.8% during the 2nd quarter. Vident Advisory LLC now owns 1,735,789 shares of the company’s stock valued at $7,950,000 after purchasing an additional 553,755 shares during the last quarter. 54.48% of the stock is currently owned by 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 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.