BlackBerry (NYSE:BB) Upgraded to “Strong-Buy” at Zacks Research

BlackBerry (NYSE:BB) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued on Tuesday,Zacks.com reports.

A number of other research firms have also issued reports on BB. TD increased their price target on BlackBerry from $5.00 to $8.00 and gave the company a “hold” rating in a research report on Friday, June 26th. Weiss Ratings downgraded BlackBerry from a “hold (c)” rating to a “sell (d+)” rating in a research report on Tuesday, July 7th. Stifel Nicolaus initiated coverage on shares of BlackBerry in a research note on Wednesday, June 24th. They set a “buy” rating and a $12.00 target price on the stock. Canadian Imperial Bank of Commerce raised their target price on shares of BlackBerry from $10.00 to $13.00 and gave the company an “outperformer” rating in a report on Friday, June 26th. Finally, Royal Bank Of Canada boosted their price target on shares of BlackBerry from $4.50 to $9.00 and gave the stock a “sector perform” rating in a report on Friday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $8.92.

BlackBerry Stock Performance

NYSE:BB opened at $10.68 on Tuesday. BlackBerry has a 52 week low of $3.12 and a 52 week high of $13.59. The company has a fifty day simple moving average of $9.12 and a two-hundred day simple moving average of $5.69. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.26. The company has a market cap of $6.26 billion, a price-to-earnings ratio of 118.62 and a beta of 2.20.

BlackBerry (NYSE:BB) last announced its quarterly earnings data on Thursday, June 25th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.01. The business had revenue of $152.90 million for the quarter, compared to analysts’ expectations of $136.10 million. BlackBerry had a return on equity of 11.66% and a net margin of 10.31%.The company’s revenue for the quarter was up 25.6% compared to the same quarter last year. During the same period last year, the firm earned $0.02 earnings per share. BlackBerry has set its FY 2027 guidance at 0.160-0.200 EPS and its Q2 2027 guidance at 0.030-0.040 EPS. As a group, equities analysts anticipate that BlackBerry will post 0.13 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, SVP Jennifer Armstrong-Owen sold 3,296 shares of the business’s stock in a transaction that occurred on Thursday, July 9th. The stock was sold at an average price of $10.92, for a total transaction of $35,992.32. Following the completion of the sale, the senior vice president owned 106,091 shares in the company, valued at $1,158,513.72. The trade was a 3.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO John Joseph Giamatteo sold 152,012 shares of the stock in a transaction that occurred on Thursday, July 9th. The shares were sold at an average price of $11.35, for a total transaction of $1,725,336.20. Following the completion of the transaction, the chief executive officer owned 687,246 shares in the company, valued at $7,800,242.10. This represents a 18.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 355,858 shares of company stock worth $4,012,270. Insiders own 0.51% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. CoreCap Advisors LLC purchased a new position in shares of BlackBerry in the 2nd quarter valued at $31,000. Elevation Wealth Partners LLC purchased a new stake in BlackBerry in the second quarter valued at $32,000. Wealthfront Advisers LLC purchased a new stake in BlackBerry in the first quarter valued at $34,000. Bank of New York Mellon Corp acquired a new position in BlackBerry in the first quarter valued at $37,000. Finally, NewEdge Advisors LLC boosted its stake in BlackBerry by 2,349.1% in the third quarter. NewEdge Advisors LLC now owns 11,682 shares of the company’s stock valued at $57,000 after acquiring an additional 11,205 shares in the last quarter. Institutional investors and hedge funds own 54.48% of the company’s stock.

About BlackBerry

BlackBerry Limited, formerly known as Research In Motion (RIM), is a Canadian enterprise software and cybersecurity company based in Waterloo, Ontario. Since its founding in 1984, the firm has evolved from a pioneer in mobile devices into a specialist in secure communications, endpoint management, and embedded systems software. BlackBerry’s core mission today centers on delivering security-first solutions that protect critical data and infrastructure across diverse industries.

At the heart of BlackBerry’s offerings is the BlackBerry Spark® platform, which combines unified endpoint management (UEM), secure communications, and artificial intelligence–driven threat detection into a single framework.