BlackBerry (NYSE:BB) Issues FY 2025 Earnings Guidance

BlackBerry (NYSE:BB) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of -0.070–0.030 for the period, compared to the consensus estimate of -0.020. The company issued revenue guidance of $586.0 million-$616.0 million, compared to the consensus revenue estimate of $653.8 million. BlackBerry also updated its Q1 2025 guidance to -0.060–0.040 EPS.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on BB shares. Canaccord Genuity Group reduced their price objective on shares of BlackBerry from $5.00 to $4.25 and set a hold rating on the stock in a research note on Thursday, December 21st. Robert W. Baird decreased their price objective on BlackBerry from $4.50 to $3.50 and set a neutral rating for the company in a research note on Wednesday, February 14th. TD Securities dropped their price objective on BlackBerry from $4.00 to $3.75 and set a hold rating for the company in a report on Thursday, December 21st. Royal Bank of Canada reduced their target price on BlackBerry from $4.00 to $3.00 and set a sector perform rating on the stock in a report on Wednesday, February 14th. Finally, StockNews.com cut BlackBerry from a hold rating to a sell rating in a research note on Wednesday, February 21st. One equities research analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of Hold and a consensus price target of $4.08.

BlackBerry Stock Up 0.2 %

BB stock traded up $0.01 during midday trading on Wednesday, reaching $2.81. The company had a trading volume of 10,550,255 shares, compared to its average volume of 9,562,382. BlackBerry has a 1-year low of $2.46 and a 1-year high of $5.75. The stock has a 50 day moving average price of $2.77 and a 200-day moving average price of $3.45.

Insider Buying and Selling

In other news, Director Philip G. Brace bought 35,000 shares of the stock in a transaction on Wednesday, February 14th. The stock was acquired at an average price of $2.79 per share, with a total value of $97,650.00. Following the acquisition, the director now directly owns 35,000 shares in the company, valued at $97,650. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, Director Philip G. Brace purchased 35,000 shares of BlackBerry stock in a transaction on Wednesday, February 14th. The shares were purchased at an average price of $2.79 per share, for a total transaction of $97,650.00. Following the transaction, the director now owns 35,000 shares of the company’s stock, valued at approximately $97,650. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO John Joseph Giamatteo sold 18,279 shares of the stock in a transaction that occurred on Monday, January 8th. The shares were sold at an average price of $3.23, for a total transaction of $59,041.17. Following the sale, the chief executive officer now directly owns 206,090 shares of the company’s stock, valued at approximately $665,670.70. The disclosure for this sale can be found here. Insiders sold a total of 44,090 shares of company stock worth $142,812 in the last three months. 1.94% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On BlackBerry

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Principal Financial Group Inc. bought a new position in shares of BlackBerry in the first quarter valued at $96,000. JPMorgan Chase & Co. raised its holdings in shares of BlackBerry by 20.9% in the 1st quarter. JPMorgan Chase & Co. now owns 2,012,638 shares of the company’s stock worth $15,014,000 after acquiring an additional 348,263 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in BlackBerry by 31.6% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 34,771 shares of the company’s stock valued at $259,000 after acquiring an additional 8,343 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its stake in BlackBerry by 62.9% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 12,876 shares of the company’s stock valued at $95,000 after purchasing an additional 4,974 shares during the last quarter. Finally, Citigroup Inc. boosted its stake in BlackBerry by 26.1% during the 1st quarter. Citigroup Inc. now owns 549,820 shares of the company’s stock valued at $4,080,000 after purchasing an additional 113,962 shares during the last quarter. 54.48% of the stock is owned by institutional investors.

BlackBerry Company Profile

BlackBerry Limited provides intelligent security software and services to enterprises and governments worldwide. The company operates through three segments: Cybersecurity, IoT, and Licensing and Other. The company offers CylancePROTECT, an endpoint protection platform and mobile threat defense solution; CylanceOPTICS, an endpoint detection and response solution; CylanceGUARD, a managed detection and response solution; CylanceGATEWAY, an AI-empowered zero-trust network access solution; CylancePERSONA, a user and entity behavior analytics solution; BlackBerry unified endpoint management, a central software component for secure communications platform; BlackBerry Dynamics, a development platform and secure container for mobile applications; and BlackBerry Workspaces solutions.