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 (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 (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 (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, ...

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 ...

Group 1 - Proactive is a financial news and online broadcast organization that provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The news team operates from key finance and investing hubs including London, New York, Toronto, Vancouver, Sydney, and Perth, focusing on medium and small-cap markets as well as blue-chip companies and broader investment stories [2] - Proactive covers various sectors such as biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [2] Group 2 - The company utilizes technology to enhance workflows and has a team of experienced content creators [2] - Proactive employs automation and software tools, including generative AI, while ensuring that all content is edited and authored by humans [3]

WATERLOO, ON, July 29, 2024 /PRNewswire/ -- BlackBerry Limited (NYSE: BB; TSX: BB) today announced a series of leadership changes designed to streamline its finance organization as it executes on its strategy to establish two distinct divisions (Cybersecurity and IoT).Tim Foote has been appointed as the Company's Chief Financial Officer, effective today.  Foote will report to BlackBerry CEO, John J. Giamatteo.Tim Foote, BlackBerry Chief Financial OfficerFoote joined the Company following BlackBerry's acquis ...

Core Viewpoint - BlackBerry's recent earnings report shows a mixed performance, with a narrower loss per share than expected, but a significant decline in revenue compared to the previous year. The company is navigating challenges in its Cybersecurity and IoT segments while maintaining a cautious outlook for the upcoming quarters [2][3][4]. Financial Performance - BlackBerry reported an adjusted loss per share of 3 cents for Q1 fiscal 2025, better than the expected loss of 4-6 cents and the prior year's earnings of 6 cents per share [2]. - Quarterly revenues were $144 million, down from $373 million year-over-year, but above the company's guidance of $130-$138 million [2]. - The Cybersecurity business generated $85 million in revenue, an 8.6% decline year-over-year, but exceeded guidance [4]. - IoT business revenues totaled $53 million, an 18% increase year-over-year, surpassing the projected range [4]. Revenue Breakdown - Software product revenues accounted for 85% of total revenues, while professional services contributed 15% [2]. - For the upcoming quarter, Cybersecurity revenues are expected to be between $82-$86 million, and IoT revenues are projected at $50-$54 million [3]. Gross Profit and Margins - Gross profit decreased by 46.4% year-over-year to $96 million, but gross margin improved to 66.7% from 48% in the prior-year quarter [6]. - Non-GAAP gross margin was reported at 67.4%, up from 48.3% year-over-year [6]. Operating Expenses and Cash Flow - Total non-GAAP operating expenses were $109 million, down 24.8%, with an adjusted operating loss of $12 million compared to an income of $35 million a year ago [7]. - The company used $15 million of net cash in operating activities for the quarter, a significant decrease from $99 million generated in the prior-year quarter [8]. Future Outlook - BlackBerry maintains its fiscal 2025 revenue projection in the range of $586-$616 million, with Cybersecurity revenues estimated at $350-$365 million and IoT revenues at $220-$235 million [3]. - The company has a Zacks Rank 3 (Hold), indicating an expectation of an in-line return from the stock in the coming months [10].

The Internet of Things (IoT) refers to connected technology and devices that can communication between themselves and the cloud. An example is a smart home device communicating to a home’s thermostat to adjust the temperature. Another could be a stove preheating itself before one arrives home from work.IoT is expected to assist with being more energy efficient, optimizing supply chains and better managing inventory levels. The advent of artificial intelligence (AI) is expected to accelerate and advance the ...

BlackBerry Limited (BB) division, QNX, recently strengthened its software portfolio by unveiling cutting-edge QNX Containers. The move represents a significant advancement in container technology for QNX-based devices.QNX Containers facilitate the functioning and management of container technology on QNX-based devices. They offer a standards-based environment that harnesses the power of containerization while upholding the safety, security and reliability of the QNX microkernel model.The state-of-the-art co ...