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BlackBerry Jumps 69% in 3 Months: Time to Buy the Stock?
ZACKS· 2025-01-08 14:36
Price Performance - BlackBerry Limited's (BB) shares have rallied 68.5% in the past three months, significantly outpacing the industry's growth of 2.7% and the S&P 500 composite's growth of 4.2% [1] - BB has outperformed the broader Zacks Computer & Technology sector's return of 8.3% and peers within the cybersecurity space, such as Fortinet, Inc. (FTNT) and CrowdStrike Holdings, Inc. (CRWD), which have gained 19.5% and 20.7%, respectively, over the same time frame [3] Strategic Developments - BB's QNX unit announced multiple collaborations, including one with tech giant Microsoft Corporation (MSFT) [4] - The company announced a divisional rebranding and the relaunch of its QNX brand, renaming its IoT division to "QNX" [4] - BB unveiled the QNX Cabin, a cutting-edge solution enabling original equipment manufacturers to virtualize digital cockpit development in the cloud [7] - QNX and Microsoft partnered to bring the QNX Software Development Platform 8.0 to Microsoft Azure, offering automakers a comprehensive cloud-based environment [8] - QNX, along with Vector and TTTech Auto, announced a multi-year global collaboration to develop a foundational vehicle software platform [9] Financial Performance - BB reported solid adjusted EBITDA performance and positive free cash flow ahead of schedule in its third-quarter fiscal 2025 results [5] - The sale of its Cylance business to Arctic Wolf in December 2024 is valued at roughly $160 million, including cash considerations and Arctic Wolf's common shares [11] - BB will receive almost $80 million in cash at settlement and another $40 million a year after settlement, along with around 5.5 million common shares from Arctic Wolf [11] - For the Secure Communications division, revenues are expected to be in the range of $267-$271 million [13] Analyst Sentiment - EPS estimates for the current fiscal year have improved to 1 cent compared with a loss of 2 cents in the past 60 days [14] - For the next fiscal year, estimates have improved to 7 cents from 2 cents over the same time period [14] - BB stock is trading at a discount with a trailing 12-month price/book multiple of 3.31 compared with the industry's multiple of 8.93 [15] Technical Indicators - The stock is trading above its 50-day and 100-day moving averages, indicating upward momentum and price stability [16] Investment Potential - BB currently has a Zacks Rank 1 (Strong Buy) and a Momentum Score of B, indicating solid investment opportunities [17]
MOTORTREND ANNOUNCES WINNERS OF THIRD ANNUAL SOFTWARE-DEFINED VEHICLE INNOVATOR AWARDS
Prnewswire· 2025-01-08 14:00
The SDV Innovator Awards program was established to honor the next phase of automobile technology, with the goal of elevating and highlighting those who are leading the automotive industry's foundational shift from hardware to software. MotorTrend introduced the awards to recognize innovators who are redefining how vehicles are designed, manufactured, operated, and experienced. Winners were awarded in the Pioneer, Leader, and Expert categories, as chosen by a panel of jurors from MotorTrend's editorial team ...
BlackBerry: I've Gone From Skeptic To Believer (Rating Upgrade)
Seeking Alpha· 2025-01-07 14:09
Michael Wiggins De Oliveira is an inflection investor. This means buying into cheap companies at the moment when their narrative is changing and the business is on a path toward becoming significantly more profitable over the next year.With a focus on tech and “the Great Energy Transition (including uranium)”, Michael runs a concentrated portfolio with approximately 15 to 20 stocks and an average holding period of 18 months. Through his 10+ years analyzing countless companies, Michael has accumulated outsta ...
Why BlackBerry Stock Is Soaring Today
The Motley Fool· 2025-01-06 16:45
Is BlackBerry on the verge of scoring big wins with the Internet of Things?BlackBerry (BB 8.89%) stock is posting big gains in Monday's trading. The company's share price was up 11% as of 11:15 a.m. ET. Meanwhile, the S&P 500 (^GSPC 1.27%) was up 1.2%, and the Nasdaq Composite (^IXIC 1.85%) was up 1.9%.BlackBerry stock is surging today thanks to a series of announcements from the company's QNX division, which is focused on creating software for vehicles. In addition to announcing a new software platform and ...
BIC: Half-Year liquidity contract statement
GlobeNewswire· 2025-01-06 16:45
SOCIETE BIC Half-Year liquidity contract statement Clichy, France – January 6, 2025 Under the liquidity contract entered into between SOCIETE BIC and NATIXIS ODDO BHF, the following resources appeared on the liquidity account as of 31 December 2024: 12,955 shares€2,583,022.41 Is it reminded that, at the time of implementation of the liquidity contract, the following assets appeared: 13,169 shares€2,390,514.77 From July 1 to December 31, 2024 the following transactions were negotiated: 2,707 purchases2,560 ...
BIC: Disclosure Of Trading In Own Shares for December 2024
GlobeNewswire· 2025-01-06 16:43
Disclosure Of Trading In Own SharesFor December 2024 CLICHY – January 06, 2025 In compliance with general regulation on share buy-backs, SOCIÉTÉ BIC declares below the transactions made on its own shares for December 2024: Date Number of shares Average weighted price in € Amount in € 12/02/2024 7,175 62.6602 449,586.94 12/03/2024 2 62.6000 <td style="width:12.43%;;text-align: right ; vertical-align: middle; border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1 ...
All You Need to Know About BlackBerry (BB) Rating Upgrade to Strong Buy
ZACKS· 2024-12-25 18:01
Earnings Estimate Revisions and Stock Price Impact - Earnings estimate revisions are one of the most powerful forces impacting stock prices [2][3] - The change in a company's future earnings potential, as reflected in earnings estimate revisions, and the near-term price movement of its stock are strongly correlated [12] - Institutional investors use earnings and earnings estimates to calculate the fair value of a company's shares, leading to price movements based on their investment actions [12] - Empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements [13] BlackBerry's Earnings Outlook and Zacks Rank Upgrade - BlackBerry has been upgraded to a Zacks Rank 1 (Strong Buy), positioning it in the top 5% of Zacks-covered stocks in terms of estimate revisions [1][6] - The upgrade reflects an upward trend in earnings estimates, which is a positive comment on the company's earnings outlook [7] - Over the past three months, the Zacks Consensus Estimate for BlackBerry has increased by 66.7% [14] - BlackBerry is expected to earn $0.01 per share for the fiscal year ending February 2025, representing a year-over-year change of -80% [4] - The company's placement in the top 20% of Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term [15] Zacks Rank System and Its Effectiveness - The Zacks Rank system relies solely on a company's changing earnings picture, tracking EPS estimates for the current and following years through the Zacks Consensus Estimate [11] - The system classifies stocks into five groups, ranging from Zacks Rank 1 (Strong Buy) to Zacks Rank 5 (Strong Sell) [16] - Zacks Rank 1 stocks have generated an average annual return of +25% since 1988 [16] - Unlike Wall Street analysts' rating systems, which tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of 'buy' and 'sell' ratings for its universe of over 4,000 stocks [5] - The Zacks Rank system is particularly useful for individual investors, as it provides a more objective basis for investment decisions compared to Wall Street analysts' ratings, which are often driven by subjective factors [17]
BlackBerry Rallies 47% in a Month: What is Driving the Stock?
ZACKS· 2024-12-24 15:16
BlackBerry Limited’s (BB) shares have rallied 47.1% in the past month, significantly outpacing the industry’s growth of 0.8% and the S&P 500 composite’s decline of 0.3%.Price PerformanceImage Source: Zacks Investment ResearchThe stock received impetus following the company’s announcement of the sale of its Cylance business to Arctic Wolf and third-quarter 2025 results, wherein BB reported solid adjusted EBITDA performance and positive free cash flow ahead of schedule.BB stock gained 2.7% last day and closed ...
BlackBerry Q3: The Cylance Aftermath
Seeking Alpha· 2024-12-21 08:26
In today's market, even the worst performing companies can see their stocks soar at times. It's sometimes hard to find a name that is doing badly on both the business side as well as its equity. One nameI am a market enthusiast and part-time trader. I started writing for Seeking Alpha in 2011, and it has been a tremendous opportunity and learning experience. I have been interested in the markets since elementary school, and hope to pursue a career in the investment management industry. I have been active in ...
BlackBerry(BB) - 2025 Q3 - Quarterly Report
2024-12-20 21:19
The fair value hierarchy also requires the Company to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The Company's cash and cash equivalents, accounts receivable, other receivables, accounts payable and accrued liabilities are carried at amounts that approximate their fair values (Level 2 measurement) due to their short maturities. Upon the occurrence of certain events, the Company re-measures the fair value of non-marketable equity investments f ...