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BlackBerry (BB) Advances But Underperforms Market: Key Facts
ZACKS· 2024-09-13 22:51
The latest trading session saw BlackBerry (BB) ending at $2.48, denoting a +0.4% adjustment from its last day's close. The stock's performance was behind the S&P 500's daily gain of 0.54%. Elsewhere, the Dow saw an upswing of 0.72%, while the tech-heavy Nasdaq appreciated by 0.65%.Coming into today, shares of the cybersecurity software and services company had gained 6.01% in the past month. In that same time, the Computer and Technology sector gained 3.3%, while the S&P 500 gained 4.86%.Market participants ...
BlackBerry (BB) Outperforms Broader Market: What You Need to Know
ZACKS· 2024-09-10 22:55
BlackBerry (BB) closed the most recent trading day at $2.38, moving +1.28% from the previous trading session. The stock exceeded the S&P 500, which registered a gain of 0.45% for the day. Elsewhere, the Dow lost 0.23%, while the tech-heavy Nasdaq added 0.84%.Shares of the cybersecurity software and services company witnessed a gain of 8.8% over the previous month, beating the performance of the Computer and Technology sector with its loss of 0.98% and the S&P 500's gain of 2.54%.Market participants will be ...
Blackberry's QNX Used by HaleyTek for its Cockpit Software Platform
ZACKS· 2024-09-09 15:36
BlackBerry Limited (BB) has collaborated with HaleyTek AB to launch HaleyTek's Generic Automotive Platform (GAP). This cutting-edge cockpit software solution delivers a streamlined and flexible Android Automotive development environment, speeding up the deployment of advanced, next-generation infotainment systems.HaleyTek AB, a subsidiary of Volvo Cars, develops Android-based infotainment systems. It delivers advanced software solutions that improve the driving experience for Volvo Cars and other customers, ...
Prediction: 2 Stocks That Will Be Worth More Than BlackBerry 5 Years From Now
The Motley Fool· 2024-08-30 11:27
A former tech star is fading fast. Meanwhile, two smaller tech stocks are set to steal the show over the next five years.BlackBerry Limited (BB 1.29%) used to be a big deal. The Canadian giant of the early smartphone market once had an $83 billion market cap, generating as much as $20.6 billion of annual sales.Refocusing on cybersecurity services and connected-car software, BlackBerry enjoyed a brief recovery in 2019 and 2020. Unfortunately, BlackBerry's trailing sales are now down by 40% in five years and ...
BlackBerry (BB) Stock Sinks As Market Gains: Here's Why
ZACKS· 2024-08-27 22:45
Company Summary - BlackBerry's stock closed at $2.32, reflecting a decrease of -1.69% from the previous day's closing price, which is less than the S&P 500's daily gain of 0.16% [1] - Over the past month, BlackBerry shares have declined by 2.07%, underperforming the Computer and Technology sector's gain of 2.69% and the S&P 500's gain of 2.97% [1] - The upcoming financial results are anticipated to show an EPS of -$0.01, representing a 75% improvement from the same quarter last year [1] - For the full year, the Zacks Consensus Estimates project an EPS of -$0.05 and revenue of $608 million, indicating changes of -200% and -28.72% from the previous year, respectively [1] Analyst Estimates - Recent changes to analyst estimates for BlackBerry are crucial as they reflect short-term business trends [2] - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), indicates that BlackBerry currently holds a Zacks Rank of 3 (Hold) [2] - The Zacks Rank has a strong track record, with 1 stocks delivering an average annual return of +25% since 1988 [2] Industry Overview - The Computer - Software industry is part of the broader Computer and Technology sector, holding a Zacks Industry Rank of 66, placing it in the top 27% of over 250 industries [3] - The Zacks Industry Rank evaluates the strength of industry groups based on the average Zacks Rank of individual stocks, with the top 50% rated industries outperforming the bottom half by a factor of 2 to 1 [3]
Why BlackBerry (BB) Outpaced the Stock Market Today
ZACKS· 2024-08-19 22:50
Company Performance - BlackBerry's stock closed at $2.39, reflecting a +1.7% increase from the previous day's closing price, outperforming the S&P 500's daily gain of 0.97% [1] - Over the past month, BlackBerry's stock has decreased by 2.89%, while the Computer and Technology sector has seen a loss of 5.36% and the S&P 500 a loss of 1.85% [1] - The upcoming earnings report is expected to show an EPS of -$0.01, which is a 75% improvement from the same quarter last year [1] - Full-year estimates predict earnings of -$0.05 per share and revenue of $608 million, indicating year-over-year changes of -200% and -28.72%, respectively [1] Analyst Estimates - Recent changes to analyst estimates for BlackBerry reflect shifting business dynamics, with positive revisions indicating a favorable outlook on the company's health and profitability [2] - The Zacks Rank system, which incorporates these estimate changes, currently ranks BlackBerry as 3 (Hold) [2] - There has been no change in the Zacks Consensus EPS estimate for BlackBerry over the past month [2] Industry Overview - The Computer - Software industry, part of the broader Computer and Technology sector, holds a Zacks Industry Rank of 98, placing it in the top 39% of over 250 industries [3] - The Zacks Industry Rank evaluates the strength of industry groups based on the average Zacks Rank of individual stocks, with the top 50% rated industries outperforming the bottom half by a factor of 2 to 1 [3]
BlackBerry Limited (BB) Canaccord Genuity 44th Annual Growth Conference (Transcript)
2024-08-13 17:26
BlackBerry Limited (NYSE:BB) Canaccord Genuity 44th Annual Growth Conference August 13, 2024 11:30 AM ET Company Participants John Giamatteo - CEO Tim Foote - CFO Nathan Jenniges - Senior VP & General Manager, Cybersecurity Conference Call Participants Kingsley Crane - Canaccord Kingsley Crane Hi everyone. I'm Kingsley Crane, I'm one of the Software Analysts here at Canaccord. I'm delighted to be joined by BlackBerry today. We have John Giamatteo, he is BlackBerry’s CEO. He joined as President of the Cyber ...
BlackBerry Limited (BB) Presents at KeyBanc Capital Markets 2024 Technology Leadership Forum (Transcript)
Seeking Alpha· 2024-08-10 18:05
BlackBerry Limited (NYSE:BB) KeyBanc Capital Markets 2024 Technology Leadership Forum August 6, 2024 12:30 PM ET Company Participants Tim Foote - Chief Financial Officer Nathan Jenniges - SVP & General Manager, Cybersecurity Products Conference Call Participants Eric Heath - KeyBanc Capital Eric Heath All right, Part number one. RKD and QBEX software research team covering security and data. I'm pleased to be joined by the newly appointed CFO of Blackberry division, [inaudible] and then Nathan Jen as well, ...
BlackBerry Limited (BB) Presents at KeyBanc Capital Markets 2024 Technology Leadership Forum (Transcript)
2024-08-10 18:05
BlackBerry Limited (NYSE:BB) KeyBanc Capital Markets 2024 Technology Leadership Forum August 6, 2024 12:30 PM ET Company Participants Tim Foote - Chief Financial Officer Nathan Jenniges - SVP & General Manager, Cybersecurity Products Conference Call Participants Eric Heath - KeyBanc Capital Eric Heath All right, Part number one. RKD and QBEX software research team covering security and data. I'm pleased to be joined by the newly appointed CFO of Blackberry division, [inaudible] and then Nathan Jen as well, ...
BlackBerry (BB) Flat As Market Gains: What You Should Know
ZACKS· 2024-08-06 22:51
The most recent trading session ended with BlackBerry (BB) standing at $2.16, reflecting no shift from the previouse trading day's closing. This change lagged the S&P 500's daily gain of 1.04%. Meanwhile, the Dow gained 0.76%, and the Nasdaq, a tech-heavy index, added 1.03%.Coming into today, shares of the cybersecurity software and services company had lost 11.11% in the past month. In that same time, the Computer and Technology sector lost 13.91%, while the S&P 500 lost 6.74%.Analysts and investors alike ...