BlackBerry (TSE:BB) Posts Quarterly Earnings Results

BlackBerry (TSE:BB) (NASDAQ:BBRY) posted its quarterly earnings results on Thursday. The company reported C$0.03 EPS for the quarter, FiscalAI reports. BlackBerry had a negative net margin of 21.16% and a negative return on equity of 17.21%. The company had revenue of C$198.10 million during the quarter.

BlackBerry Price Performance

Shares of TSE:BB opened at C$5.18 on Friday. BlackBerry has a 12 month low of C$3.99 and a 12 month high of C$8.86. The firm has a market capitalization of C$3.06 billion, a P/E ratio of 106.39, a P/E/G ratio of 0.06 and a beta of 1.00. The company has a debt-to-equity ratio of 30.90, a current ratio of 1.37 and a quick ratio of 1.49. The company’s fifty day moving average price is C$6.16 and its 200 day moving average price is C$5.82.

Analyst Upgrades and Downgrades

Separately, TD Securities raised BlackBerry to a “hold” rating in a research report on Friday, October 3rd. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of C$4.75.

BlackBerry Company Profile

BlackBerry, once known for being the world’s largest smartphone manufacturer, is now exclusively a software provider with a stated goal of end-to-end secure communication for enterprises. The firm provides endpoint management and protection to enterprises, specializing in regulated industries like government, as well as embedded software to the automotive, medical, and industrial markets.