BlackBerry (NYSE:BB) Releases Q1 2025 Earnings Guidance

BlackBerry (NYSE:BB) updated its first quarter 2025 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of -0.060–0.040 for the period, compared to the consensus estimate of -0.020. The company issued revenue guidance of $130.0 million-$138.0 million, compared to the consensus revenue estimate of $151.1 million. BlackBerry also updated its FY 2025 guidance to -0.070–0.030 EPS.

Analysts Set New Price Targets

BB has been the topic of several analyst reports. Raymond James lowered their target price on shares of BlackBerry from $7.00 to $6.50 and set a market perform rating on the stock in a report on Thursday, December 21st. CIBC cut their target price on shares of BlackBerry from $4.25 to $3.50 and set a neutral rating on the stock in a research report on Wednesday, February 14th. Canaccord Genuity Group cut their price target on shares of BlackBerry from $5.00 to $4.25 and set a hold rating on the stock in a research report on Thursday, December 21st. Royal Bank of Canada lowered their target price on BlackBerry from $4.00 to $3.00 and set a sector perform rating for the company in a research note on Wednesday, February 14th. Finally, TD Securities lowered their target price on BlackBerry from $4.00 to $3.75 and set a hold rating for the company in a research note on Thursday, December 21st. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of Hold and an average price target of $4.08.

BlackBerry Stock Performance

BB traded up $0.01 during trading on Wednesday, reaching $2.81. 10,550,255 shares of the stock were exchanged, compared to its average volume of 9,562,382. The stock has a market cap of $1.65 billion, a P/E ratio of -2.83 and a beta of 1.41. BlackBerry has a twelve month low of $2.46 and a twelve month high of $5.75. The stock’s 50 day moving average price is $2.77 and its two-hundred day moving average price is $3.45.

Insider Buying and Selling

In related news, Director Philip G. Brace acquired 35,000 shares of the firm’s stock in a transaction on Wednesday, February 14th. The shares were purchased at an average cost of $2.79 per share, for a total transaction of $97,650.00. Following the completion of the acquisition, the director now directly owns 35,000 shares in the company, valued at $97,650. The purchase was disclosed in a filing with the SEC, which is available at this link. In other BlackBerry news, CFO Steve Rai sold 20,047 shares of the company’s stock in a transaction on Monday, January 8th. The shares were sold at an average price of $3.25, for a total value of $65,152.75. Following the transaction, the chief financial officer now directly owns 84,599 shares in the company, valued at $274,946.75. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Philip G. Brace acquired 35,000 shares of the firm’s stock in a transaction on Wednesday, February 14th. The stock was bought at an average price of $2.79 per share, for a total transaction of $97,650.00. Following the completion of the acquisition, the director now owns 35,000 shares of the company’s stock, valued at $97,650. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 44,090 shares of company stock worth $142,812. Insiders own 1.94% of the company’s stock.

Institutional Investors Weigh In On BlackBerry

A number of institutional investors have recently modified their holdings of BB. Virtu Financial LLC bought a new stake in shares of BlackBerry in the fourth quarter valued at about $36,000. Creative Planning bought a new stake in BlackBerry during the fourth quarter worth about $37,000. Tower Research Capital LLC TRC lifted its position in BlackBerry by 470.1% during the third quarter. Tower Research Capital LLC TRC now owns 9,019 shares of the company’s stock worth $43,000 after purchasing an additional 7,437 shares during the period. Mosaic Family Wealth Partners LLC bought a new stake in BlackBerry during the fourth quarter worth about $52,000. Finally, Lazard Asset Management LLC bought a new stake in BlackBerry during the second quarter worth about $55,000. Institutional investors own 54.48% of the company’s stock.

About BlackBerry

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.