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$3.69Annual ROE
-15.92%Beta
1.59Events Calendar
Next earnings date:
Apr 03, 2025Recent quarterly earnings:
Dec 19, 2024Recent annual earnings:
Apr 03, 2024Next ex-dividend date:
N/ARecent ex-dividend date:
N/ANext split:
N/ARecent split:
Aug 21, 2007Analyst ratings
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BlackBerry (BB) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
BlackBerry's divestiture of its Cylance assets highlighted ongoing revenue struggles and failed growth initiatives in cybersecurity. BlackBerry's revenue forecast was weak, with analysts still lowering estimates and the stock trading below comparable software companies. Management need to prove that the overall business can grow at a meaningful rate if shares are to see any upside.
BlackBerry (BB 24.16%) stock is surging in Friday's trading following the company's recent earnings report. The tech specialist's share price was up 22.4% as of 2:15 p.m.
BlackBerry Ltd BB stock surged upwards on Friday. The company reported third-quarter results after the market closed on Thursday.
Here are the most recent updates for investors about popular stocks that are making waves this Friday.
BB's fiscal third-quarter earnings surpass guidance. Revenues decline year over year due to tough comparisons.
BlackBerry stock surged from $2.35 to $3.49, driven by profitable Q3 results, with a gross margin of 74% and IoT revenue growth of 13%. The sale of BlackBerry Cylance will strengthen the balance sheet, allowing focus on IoT growth and potential M&A activities. Despite disappointing past under-performance, BlackBerry's streamlined operations and improved financial position make it a speculative buy, though caution is advised due to historical volatility.
Beats top end of revenue guidance range for both Cybersecurity1 and IoT divisions; raises bottom end of full-year guidance range for IoT Delivers positive adjusted EBITDA1 and adjusted EPS1 above guidance range; GAAP basic EPS improves both sequentially and year-over-year Achieves milestone of positive operating and free cash flow ahead of schedule WATERLOO, ON / ACCESSWIRE / December 19, 2024 / BlackBerry Limited (NYSE:BB)(TSX:BB) today reported financial results for the three months ended November 30, 2024 (all figures in U.S. dollars and U.S. GAAP, except where otherwise indicated). "BlackBerry achieved a significant inflection in its results this past quarter.
Arctic Wolf will acquire BB's Cylance tool for $160 million in cash and equity, integrating Cylance's capabilities into its AI-driven open XDR Aurora platform.
Arctic Wolf has acquired Cylance, BlackBerry's beleaguered cybersecurity business, for $160 million — a significant write-down from the $1.4 billion BlackBerry paid to acquire the company in 2018.
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