BlackBerry (NYSE:BB – Get Free Report) issued an update on its FY 2027 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 0.160-0.200 for the period, compared to the consensus estimate of 0.170. The company issued revenue guidance of $594.0 million-$621.0 million, compared to the consensus revenue estimate of $601.7 million. BlackBerry also updated its Q2 2027 guidance to 0.030-0.040 EPS.
Analyst Ratings Changes
BB has been the topic of several research reports. Stifel Nicolaus initiated coverage on BlackBerry in a report on Wednesday. They set a “buy” rating and a $12.00 price objective on the stock. Weiss Ratings raised BlackBerry from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday. Wall Street Zen upgraded BlackBerry from a “hold” rating to a “buy” rating in a report on Monday, June 8th. Canadian Imperial Bank of Commerce increased their target price on shares of BlackBerry from $8.50 to $10.00 and gave the stock an “outperform” rating in a report on Wednesday, June 17th. Finally, Royal Bank Of Canada restated a “sector perform” rating and issued a $4.50 price target on shares of BlackBerry in a report on Friday, April 10th. Two investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, BlackBerry currently has a consensus rating of “Hold” and a consensus price target of $7.17.
Check Out Our Latest Analysis on BB
BlackBerry Stock Performance
BlackBerry (NYSE:BB – Get Free Report) last released its quarterly earnings results on Thursday, April 9th. The company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.02. The company had revenue of $157.96 million during the quarter, compared to analysts’ expectations of $144.27 million. BlackBerry had a return on equity of 10.09% and a net margin of 9.69%.The firm’s revenue was up 10.1% compared to the same quarter last year. During the same period last year, the business posted $0.03 earnings per share. BlackBerry has set its Q1 2027 guidance at 0.020-0.030 EPS and its FY 2027 guidance at 0.150-0.190 EPS. Analysts expect that BlackBerry will post 0.13 earnings per share for the current fiscal year.
Insider Buying and Selling
In other BlackBerry news, SVP Jennifer Armstrong-Owen sold 29,908 shares of the firm’s stock in a transaction on Saturday, April 4th. The shares were sold at an average price of $3.56, for a total value of $106,472.48. Following the completion of the transaction, the senior vice president owned 94,903 shares of the company’s stock, valued at approximately $337,854.68. This trade represents a 23.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO John Joseph Giamatteo sold 27,066 shares of BlackBerry stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $3.56, for a total transaction of $96,354.96. Following the sale, the chief executive officer owned 899,146 shares of the company’s stock, valued at $3,200,959.76. The trade was a 2.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 73,171 shares of company stock valued at $260,489 over the last quarter. 0.51% of the stock is owned by company insiders.
Key Headlines Impacting BlackBerry
Here are the key news stories impacting BlackBerry this week:
- Positive Sentiment: BlackBerry delivered a double beat on earnings and revenue, with quarterly revenue growth of about 26% and adjusted EPS above analyst estimates. Conference Call
- Positive Sentiment: The company raised its fiscal 2027 outlook, citing momentum in QNX and new AI-related opportunities in embedded software, which suggests management sees continued growth ahead. Reuters Article
- Positive Sentiment: BlackBerry reported its first cash-positive quarter in nine years on an operating-cash-flow basis, a notable milestone that supports the turnaround story. Press Release
- Positive Sentiment: Stifel initiated coverage with a Buy rating and a $12 price target, reinforcing investor confidence in the company’s shift toward mission-critical software. CNBC Article
- Neutral Sentiment: BlackBerry continues to transition away from its legacy smartphone business, with investor attention now centered on software execution rather than consumer hardware.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of the company. NewEdge Advisors LLC lifted its holdings in shares of BlackBerry by 2,349.1% during the third quarter. NewEdge Advisors LLC now owns 11,682 shares of the company’s stock worth $57,000 after purchasing an additional 11,205 shares during the period. State of Wisconsin Investment Board acquired a new position in BlackBerry in the 4th quarter worth approximately $54,000. Benjamin Edwards Inc. raised its position in BlackBerry by 31.5% during the 2nd quarter. Benjamin Edwards Inc. now owns 14,600 shares of the company’s stock worth $67,000 after buying an additional 3,500 shares during the last quarter. AQR Capital Management LLC acquired a new stake in BlackBerry during the 4th quarter valued at approximately $55,000. Finally, Flow Traders U.S. LLC acquired a new stake in BlackBerry during the 2nd quarter valued at approximately $86,000. 54.48% of the stock is owned by institutional investors and hedge funds.
BlackBerry Company Profile
BlackBerry Limited, formerly known as Research In Motion (RIM), is a Canadian enterprise software and cybersecurity company based in Waterloo, Ontario. Since its founding in 1984, the firm has evolved from a pioneer in mobile devices into a specialist in secure communications, endpoint management, and embedded systems software. BlackBerry’s core mission today centers on delivering security-first solutions that protect critical data and infrastructure across diverse industries.
At the heart of BlackBerry’s offerings is the BlackBerry Spark® platform, which combines unified endpoint management (UEM), secure communications, and artificial intelligence–driven threat detection into a single framework.
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