BlackBerry (NYSE:BB – Get Free Report) will announce its earnings results after the market closes on Thursday, September 26th. Analysts expect the company to announce earnings of ($0.03) per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.
BlackBerry (NYSE:BB – Get Free Report) last issued its quarterly earnings results on Wednesday, June 26th. The company reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.01. BlackBerry had a negative return on equity of 6.43% and a negative net margin of 25.80%. The business had revenue of $144.00 million during the quarter, compared to the consensus estimate of $132.05 million. During the same period in the previous year, the business earned $0.04 EPS. The business’s quarterly revenue was down 61.4% on a year-over-year basis. On average, analysts expect BlackBerry to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
BlackBerry Stock Performance
Shares of BB opened at $2.45 on Tuesday. The business’s fifty day moving average price is $2.35 and its 200 day moving average price is $2.61. BlackBerry has a 12-month low of $2.01 and a 12-month high of $5.11. The stock has a market capitalization of $1.45 billion, a PE ratio of -8.45 and a beta of 1.39. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.43 and a quick ratio of 1.43.
Analysts Set New Price Targets
Check Out Our Latest Research Report on BB
Insider Activity at BlackBerry
In other news, insider Mattias Eriksson sold 52,549 shares of BlackBerry stock in a transaction that occurred on Friday, June 28th. The shares were sold at an average price of $2.45, for a total value of $128,745.05. Following the transaction, the insider now directly owns 214,440 shares of the company’s stock, valued at $525,378. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.34% of the stock is currently owned by corporate insiders.
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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