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Why BlackBerry Stock Is Skyrocketing Today
The Motley Fool· 2024-12-20 20:00
BlackBerry (BB 23.66%) stock is surging in Friday's trading following the company's recent earnings report. The tech specialist's share price was up 22.4% as of 2:15 p.m. ET.After the market closed yesterday, BlackBerry reported earnings for the third quarter of its current fiscal year. The company delivered sales, earnings, and guidance that came in ahead of the market's expectations, and it saw new rounds of bullish coverage from analysts following the report.BlackBerry beats Wall Street's quarterly targe ...
BlackBerry Growth Hinge On IoT, Secure Communications Despite Valuation Concerns: Analyst
Benzinga· 2024-12-20 19:24
BlackBerry Ltd BB stock surged upwards on Friday. The company reported third-quarter results after the market closed on Thursday.BlackBerry reported quarterly revenue of $143.00 million, missing the analyst consensus estimate of $161.49 million. The adjusted EPS was $0.02, beating analyst estimates.Also Read: Trump and Netflix Boss Sarandos Set for High-Stakes Mar-a-Lago MeetingBlackBerry expects fourth-quarter revenue of $126.00 million – $135.00 million, versus estimates of $150.08 million. It expects adj ...
3 Good Things About BlackBerry Q3 Earnings (Rating Upgrade)
Seeking Alpha· 2024-12-20 17:45
Chris Lau is an individual investor and economist with 30 years of experience covering life science, technology, and dividend-growth income stocks. He has degrees in Microbiology and Economics. Chris runs the investing group DIY Value Investing where he shares his top stock picks of undervalued stocks with catalysts for upside, dividend-income recommendations with quant and payment calendar tracking, high upside plays, and research requests to help you become a better do-it-yourself investor. Learn more.Top ...
Bic: Share Capital Reduction by Cancellation of Treasury Shares
GlobeNewswire· 2024-12-20 16:50
Share Capital Reduction by Cancellation of Treasury Shares Clichy, France – December 20, 2024 - As part of the share buyback program announced by the Company on February 19, 2024, and implemented with the authorization of the General Meeting of May 29, 2024, the Company has acquired 649,527 shares from February 19, 2024, to December 2nd, 2024, for a total of €40 million. The Board of Directors met on December 11, 2024, and decided to reduce the Company’s share capital by cancelling 649,527 treasury shares w ...
BlackBerry's Q3 Earnings Top Estimates, Revenues Down Y/Y, Stock Rises
ZACKS· 2024-12-20 15:00
BlackBerry Limited (BB) reported the third quarter of fiscal 2025 non-GAAP earnings per share (EPS) of 2 cents. The figure was better than the company’s estimate of a loss of 1 cent to EPS of 1 cent. In the year-ago quarter, it reported a non-GAAP EPS of 1 cent. The Zacks Consensus Estimate was pegged at a loss of 2 cents per share. Cost discipline aided the bottom-line performance.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Quarterly revenues (including Cylance business, reclas ...
BlackBerry(BB) - 2025 Q3 - Earnings Call Transcript
2024-12-20 02:25
BlackBerry Limited (NYSE:BB) Q3 2025 Results Conference Call December 19, 2024 5:30 PM ET Company Participants Martha Gonder - Director of Investor Relations John Giamatteo - Chief Executive Officer Tim Foote - Chief Financial Officer Conference Call Participants Todd Coupland - CIBC Luke Junk - Baird Kingsley Crane - Canaccord Genuity Paul Treiber - RBC Capital Markets Daniel Chan - TD Cowen Operator Good afternoon, and welcome to the BlackBerry Third Quarter Fiscal Year 2025 Results Conference Call. My na ...
BlackBerry(BB) - 2025 Q3 - Quarterly Results
2024-12-19 22:16
Exhibit 99.1 December 19, 2024 FOR IMMEDIATE RELEASE BlackBerry Reports Third Quarter Fiscal Year 2025 Results • Beats top end of revenue guidance range for both Cybersecurity1 and IoT divisions; raises bottom end of full-year guidance range for IoT • Delivers positive adjusted EBITDA1 and adjusted EPS1 above guidance range; GAAP basic EPS improves both sequentially and year-over-year • Achieves milestone of positive operating and free cash flow ahead of schedule Waterloo, Ontario - BlackBerry Limited (NYSE ...
BIC: Remuneration of Executive Corporate Officers
GlobeNewswire· 2024-12-17 16:45
Remuneration of Executive Corporate Officers In accordance with Article L.22-10-13 of the French Commercial Code and the recommendation 26-1 of the AFEP-MEDEF Code of Corporate Governance Clichy, France – December 17, 2024 – In its meeting of December 11, 2024, chaired by Nikos Koumettis, the Board of Directors of SOCIÉTÉ BIC, upon the joint recommendations of the Remuneration Committee and Nominations, Governance and CSR Committees, decided the following in relation to the remuneration to be paid to Gonz ...
BlackBerry to Divest Cylance Asset to Arctic Wolf, Stock Soars 15%
ZACKS· 2024-12-17 14:36
BlackBerry Limited (BB) recently inked a definitive agreement to sell its Cylance endpoint security assets to Arctic Wolf. Following the divesture announcement, BB’s shares jumped 15% and closed the trading session at $3.1 on Dec. 16.Cylance, an artificial intelligence (AI)-driven endpoint security pioneer, is renowned for its advanced prevention technology, which safeguards thousands of organizations worldwide. Arctic Wolf, which specializes in AI-powered security operations, aims to integrate Cylance's ad ...
Why BlackBerry Stock Soared 16% Today
The Motley Fool· 2024-12-16 18:17
Shares of one-time smartphone leader BlackBerry (BB 12.83%) stock soared 16% through 11:40 a.m. ET Monday morning after the company announced it will sell its Cylance endpoint security assets to private cybersecurity operator Arctic Wolf.With its smartphone business out of the picture, BlackBerry has morphed into a specialist in software for cyber and Internet of Things (IoT) applications. It's the former business that interests Arctic Wolf, which will pay effectively $160 million to acquire it. The dealArc ...