As a general rule of thumb, investors should stay away from meme stocks to avoid. Once a company becomes genuinely classified as a meme stock, an entire community of online traders can leverage communication and aggregate resources to manipulate a stock’s value. Sometimes, it can be as simple as posting a meme about leaning forward when you take gaming more seriously, like in the case of the famed “Roaring Kitty.”However, the presence of meme stocks is likely emblematic of a deeper problem in American socie ...

Company Performance - BlackBerry's stock closed at $2.88, reflecting a +1.41% increase from the previous day, outperforming the S&P 500's gain of 0.7% [1] - Over the past month, BlackBerry shares have appreciated by 2.16%, underperforming the Computer and Technology sector's gain of 8.26% and the S&P 500's gain of 4.03% [1] - The upcoming earnings disclosure is anticipated, with a forecasted EPS of -$0.04, indicating a 166.67% decline from the same quarter last year [1] - For the full year, analysts expect earnings of -$0.03 per share and revenue of $615 million, representing changes of -160% and -27.9% from the previous year [1] Analyst Projections - Recent shifts in analyst projections for BlackBerry are important for investors, as positive estimate revisions indicate optimism about the company's business and profitability [2] - The Zacks Rank system, which includes estimate changes, currently ranks BlackBerry as 1 (Strong Buy), with a historical average annual return of +25% for 1 ranked stocks since 1988 [2] - The Zacks Consensus EPS estimate for BlackBerry has remained steady over the past month [2] Industry Overview - The Computer - Software industry is part of the Computer and Technology sector, holding a Zacks Industry Rank of 53, placing it in the top 22% of over 250 industries [3] - The Zacks Industry Rank measures the strength of industry groups by evaluating the average Zacks Rank of individual stocks within those groups, with top-rated industries outperforming lower-rated ones by a factor of 2 to 1 [3]

The most recent trading session ended with BlackBerry (BB) standing at $2.96, reflecting a -1.66% shift from the previouse trading day's closing. The stock fell short of the S&P 500, which registered a gain of 0.25% for the day. On the other hand, the Dow registered a gain of 0.17%, and the technology-centric Nasdaq increased by 0.23%.The cybersecurity software and services company's stock has climbed by 7.5% in the past month, falling short of the Computer and Technology sector's gain of 11.73% and outpaci ...

Group 1 - Proactive specializes in providing fast, accessible, and informative business and finance news to a global investment audience [1][2] - The company covers a wide range of sectors including biotech, pharma, mining, natural resources, battery metals, oil and gas, crypto, and emerging technologies [2] - Proactive employs both human content creators with extensive experience and technology to enhance workflows, including the use of automation and generative AI [2] Group 2 - The company has a strong focus on medium and small-cap markets while also keeping its audience informed about blue-chip companies and broader investment stories [2] - Proactive's news team operates from key financial hubs around the world, including London, New York, Toronto, Vancouver, Sydney, and Perth [1]

BlackBerry (NYSE:BB) stock is a hot topic on Tuesday as the company’s shares are taking off on Tuesday alongside the return of Roaring Kitty.Roaring Kitty is the trader who kicked off the meme stock rally in 2021 with his coverage of GameStop (NYSE:GME) shares. This spread to other stocks that meme traders latched onto, including Blackberry.Roaring Kitty went quiet in 2021 during the meme stock rally. However, he returned over the weekend. This saw shares of meme stock rise on Monday. Roaring Kitty has cont ...

After GameStop (NYSE: GME) and AMC Entertainment (NYSE: AMC) made headlines with significant price increases in a short time during a massively bullish rally, another short-squeezed meme stock is back in town, and its name is BlackBerry (NYSE: BB).As it happens, BlackBerry stock has joined GameStop and AMC shares in recording unusually high options trading activity, with stock traders buying over 75,000 call options of BB stock, over 350% above its average daily volume, preceding an impressive increase in t ...

For the second year running, end-user professionals have recommended BlackBerry UEM for its Product Capabilities, Sales Experience, Deployment Experience, and Support Experience. WATERLOO, ON, May 14, 2024 /PRNewswire/ -- BlackBerry Limited (NYSE: BB) (TSX: BB) today announced it has been recognized with the Customers' Choice designation in the 2024 Gartner Peer Insights 'Voice of the Customer': UEM market.  For the second year in a row, BlackBerry has been placed in the upper right quadrant based on custo ...

BlackBerry Limited (BB) recently launched its expanded CylanceMDR solution, which offers extensive Managed Detection & Response (MDR) security. It is driven by the celebrated Cylance AI platform and best-in-class security expertise, with 24/7 complete threat coverage.The company gives a $1 million guarantee to cover costs associated with security incidents, applicable for eligible CylanceMDR Advanced clients.Formerly known as CylanceGUARD, the expanded version currently includes three new packages – Standar ...

Core Insights - The Tolly Report indicates that BlackBerry's CylanceENDPOINT solution effectively blocks a higher number of attacks while utilizing fewer system resources, thereby reducing the disruption and financial impact of cyber threats [1][2]. Testing Methodology - The testing was conducted in a fully updated Windows® 10 environment, both online and offline, assessing the performance of CylanceENDPOINT against competitors like Microsoft Defender, SentinelOne, BitDefender, and an undisclosed vendor [2]. - The evaluation focused on detection rates of malware using a set of 1,000 publicly sourced malware samples and CPU utilization during the scanning process [2]. Performance Metrics - CylanceENDPOINT demonstrated a detection rate of up to 25% more threats compared to its competitors, with up to eight times less system impact, showcasing the effectiveness of its AI-driven defense model [2]. - The solution achieved nearly 100% malware detection regardless of whether the endpoints were online or offline, contrasting with other vendors that depend on a network connection for defense [4]. Industry Context - The report highlights the increasing rate of novel attacks, which have more than doubled in recent quarters, emphasizing the need for effective and objective testing of cybersecurity solutions [3]. - BlackBerry's CylanceENDPOINT not only stops more attacks but also minimizes CPU resource usage, which is crucial for maintaining performance across organizational applications and user experiences [3]. Company Overview - BlackBerry provides intelligent security software and services globally, with its solutions powering over 235 million vehicles. The company focuses on cybersecurity, safety, and data privacy, positioning itself as a leader in endpoint security and management [5].

Uncertainty prevailing over global macroeconomic conditions, inflationary pressure and volatile supply chain dynamics are persistent concerns for the Zacks Computer Software industry. However, the accelerated pace of digital transformation taking place across the globe is likely to benefit industry participants. Software is ubiquitous and has become the focal point of technological innovation. Apart from running devices and applications, its usage has been extended to managing infrastructure. The industry i ...