BlackBerry Limited (TSE:BB – Get Free Report) (NASDAQ:BBRY)’s share price fell 9.6% during trading on Friday . The stock traded as low as C$3.11 and last traded at C$3.12. 1,236,151 shares changed hands during mid-day trading, a decline of 40% from the average session volume of 2,054,650 shares. The stock had previously closed at C$3.45.
Wall Street Analyst Weigh In
Separately, Cibc World Mkts upgraded BlackBerry from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 27th.
Check Out Our Latest Report on BlackBerry
BlackBerry Stock Down 9.3 %
BlackBerry (TSE:BB – Get Free Report) (NASDAQ:BBRY) last released its quarterly earnings data on Wednesday, June 26th. The company reported C($0.06) EPS for the quarter, topping analysts’ consensus estimates of C($0.08) by C$0.02. BlackBerry had a negative return on equity of 20.11% and a negative net margin of 25.80%. The business had revenue of C$196.29 million during the quarter. Sell-side analysts anticipate that BlackBerry Limited will post 0.0569204 earnings per share for the current fiscal year.
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 CylanceENDPOINT, an integrated endpoint security solution; CylanceGUARD, a managed detection and response solution; CylanceEDGE, an AI-powered continuous authentication zero trust network access solution; CylanceINTELLIGENCE, a contextual cyber threat intelligence service; BlackBerry Dynamics offers a development platform and secure container for mobile applications; BlackBerry Workspaces a secure Enterprise File Sync and Share (EFSS) solution; BlackBerry Messenger (BBM) Enterprise, an enterprise-grade secure instant messaging solution for messaging, voice and video; BlackBerry SecuSUITE is a certified, multi-OS voice and text messaging solution; BlackBerry AtHoc, a secure networked critical event management solution; and BlackBerry unified endpoint management (UEM) solutions.
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