Group 1 - BlackBerry's stock closed at $2.76, reflecting a -0.72% change, underperforming compared to the S&P 500's -0.54% loss, the Dow's -0.53%, and the Nasdaq's -0.66% [1] - Over the last month, BlackBerry's shares increased by 13.93%, outperforming the Computer and Technology sector's gain of 3.76% and the S&P 500's gain of 1.5% [1] Group 2 - BlackBerry's upcoming earnings report is scheduled for December 19, 2024, with an anticipated EPS of -$0.02, indicating a 300% decline from the same quarter last year [2] - For the entire fiscal year, Zacks Consensus Estimates project an EPS of -$0.02 and revenue of $603 million, representing changes of -140% and -29.31% from the prior year [3] Group 3 - Recent changes in analyst estimates for BlackBerry are crucial as they reflect short-term business trends, with upward revisions indicating analysts' positive outlook on the company's operations [4] - The Zacks Rank system, which evaluates estimated changes, currently ranks BlackBerry at 3 (Hold), with the consensus EPS estimate remaining stagnant over the past month [6] Group 4 - The Computer - Software industry, part of the Computer and Technology sector, holds a Zacks Industry Rank of 75, placing it in the top 30% of over 250 industries [7] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]

The most recent trading session ended with BlackBerry (BB) standing at $2.56, reflecting a -0.39% shift from the previouse trading day's closing. This move lagged the S&P 500's daily gain of 0.25%. At the same time, the Dow lost 0.29%, and the tech-heavy Nasdaq gained 0.97%.The cybersecurity software and services company's stock has climbed by 13.22% in the past month, exceeding the Computer and Technology sector's gain of 0.06% and the S&P 500's gain of 3.51%.The investment community will be paying close a ...

Stock Performance - BlackBerry's stock closed at $2 35, reflecting a -1 67% decline from the previous trading day [1] - The stock underperformed the S&P 500, which gained 0 4%, while the Dow fell 0 28% and the Nasdaq rose 1 04% [1] - Over the past month, BlackBerry's shares depreciated by 7 36%, underperforming the Computer and Technology sector's gain of 0 18% and the S&P 500's gain of 0 62% [2] Earnings and Revenue Projections - BlackBerry is projected to report earnings of -$0 02 per share on December 19, 2024, representing a year-over-year decline of 300% [3] - Full-year Zacks Consensus Estimates predict earnings of -$0 02 per share and revenue of $603 million, reflecting year-over-year changes of -140% and -29 31%, respectively [4] Analyst Estimates and Zacks Rank - Recent modifications to analyst estimates for BlackBerry reflect evolving short-term business trends, with positive revisions indicating a favorable business outlook [4] - BlackBerry currently holds a Zacks Rank of 1 (Strong Buy), with no change in the Zacks Consensus EPS estimate over the past month [6] - The Zacks Rank system has a track record of success, with 1 stocks delivering an average annual return of +25% since 1988 [6] Industry Overview - The Computer - Software industry, part of the Computer and Technology sector, has a Zacks Industry Rank of 47, placing it in the top 19% of all industries [7] - The top 50% rated industries outperform the bottom half by a factor of 2 to 1, according to Zacks Industry Rank research [7]

BlackBerry Limited (NYSE:BB) RBC Capital Markets Global Technology, Internet, Media and Telecommunications Conference Call November 19, 2024 3:20 PM ET Company Participants John Giamatteo - Chief Executive Officer Tim Foote - Chief Financial Officer Conference Call Participants Paul Treiber - RBC Capital Markets Paul Treiber All right. So, thanks, everyone, for joining us. My name is Paul Treiber. For any of you who don't know me, I cover Canadian technology stocks at RBC. I'm pleased to be hosting our next ...

Summary of BlackBerry Limited Conference Call Company Overview - **Company**: BlackBerry Limited (NYSE: BB) - **Market Cap**: $1.5 billion - **Key Segments**: Cybersecurity and Internet of Things (IoT) [3][4] Core Insights and Arguments Leadership Changes and Strategy - New leadership team, including CEO John Giamatteo and CFO Tim Foote, has focused on evaluating company operations and restructuring for profitability [4][5] - BlackBerry has established two autonomous business units: IoT and cybersecurity, with a leaner corporate structure [5][6] - Cost reductions of $150 million have been achieved, with expectations of reaching profitability and free cash flow in Q3 and Q4 [6][47] Cybersecurity Segment - The cybersecurity business, particularly the Cylance component, has faced challenges due to market shifts towards Endpoint Detection and Response (EDR) [9][11] - Cylance has been a financial drag, requiring significant investment to catch up with competitors [12][13] - The rest of the cybersecurity business, excluding Cylance, is stable and profitable, generating approximately 20% EBITDA margins [14][34] IoT Segment - The IoT business, particularly the QNX platform, is viewed as a strong growth area with a growing backlog of approximately $815 million [16][17] - Design wins have been accumulating, but delays in production cycles have impacted short-term growth expectations [18][19] - Long-term opportunities exist as OEMs seek expertise in software integration, potentially increasing QNX's role in vehicle software development [20][21] Financial Performance and Future Outlook - The IoT segment is profitable, with a focus on maintaining a balance of growth and profitability [29] - Investments in R&D are around 30% of revenue, with new product launches aimed at enhancing performance and safety [30][32] - The company aims to stabilize and improve the fundamentals of the cybersecurity business while exploring options for the Cylance unit [15][33] Cash Flow and Cost Management - BlackBerry is transitioning to positive cash flow, with potential uses for cash including share buybacks and investments in adjacent markets [40][41] - Unallocated corporate costs are expected to decrease from $48 million to $40 million, with ongoing efforts to streamline operations [42][44] Additional Important Points - The company is optimistic about future growth, with expectations of improved financial performance and a potential increase in stock value [48][49] - The focus will be on leveraging the business model for profitability while addressing the challenges posed by the Cylance unit [47][48] This summary encapsulates the key points discussed during the BlackBerry Limited conference call, highlighting the company's strategic direction, financial performance, and future outlook.

PLEASANTON, Calif., Nov. 19, 2024 /PRNewswire/ -- Avathon, provider of the leading AI platform for industrial operations, has partnered with BlackBerry, enhancing the BlackBerry® AtHoc® critical event platform with its computer vision AI tool.BlackBerry AtHoc helps organizations securely collect, validate and share information across channels to activate an immediate coordinated, multi-departmental response. Independent from enterprise IT networks, BlackBerry AtHoc provides operational resilience and secure ...

BlackBerry (BB) closed the most recent trading day at $2.44, moving +0.83% from the previous trading session. The stock outpaced the S&P 500's daily gain of 0.02%. Elsewhere, the Dow saw an upswing of 0.11%, while the tech-heavy Nasdaq depreciated by 0.26%.Coming into today, shares of the cybersecurity software and services company had lost 2.81% in the past month. In that same time, the Computer and Technology sector gained 3.61%, while the S&P 500 gained 2.99%.Investors will be eagerly watching for the pe ...

In the latest market close, BlackBerry (BB) reached $2.27, with a +0.44% movement compared to the previous day. This change outpaced the S&P 500's 0.41% gain on the day. Elsewhere, the Dow gained 0.69%, while the tech-heavy Nasdaq added 0.8%.Shares of the cybersecurity software and services company witnessed a loss of 2.59% over the previous month, trailing the performance of the Computer and Technology sector with its loss of 0.01% and the S&P 500's loss of 0.97%.The upcoming earnings release of BlackBerry ...

BlackBerry (BB) closed the latest trading day at $2.39, indicating a -1.24% change from the previous session's end. The stock trailed the S&P 500, which registered a daily loss of 0.03%. Elsewhere, the Dow lost 0.61%, while the tech-heavy Nasdaq added 0.56%. The the stock of cybersecurity software and services company has fallen by 4.72% in the past month, lagging the Computer and Technology sector's gain of 1.65% and the S&P 500's gain of 1.39%. The investment community will be paying close attention to th ...

BlackBerry Limited (BB) recently held its Investor Day 2024 event where it showcased the company’s roadmap for growth and profitability over the coming years. The event emphasized BlackBerry's focus on two major business divisions – the Internet of Things (IoT) and Cybersecurity.BlackBerry laid out its ambitious plan to return to profitability in fiscal 2025, with revenue growth forecasted for both IoT and Cybersecurity segments. BlackBerry aims to generate revenues between $591 million and $616 million for ...