BlackBerry Limited (NYSE:BB – Get Free Report) was the recipient of some unusual options trading on Friday. Stock traders bought 32,362 call options on the company. This is an increase of approximately 31% compared to the average volume of 24,701 call options.
BlackBerry Price Performance
Shares of NYSE:BB traded down $0.02 during midday trading on Friday, reaching $2.52. 26,876,613 shares of the company’s stock traded hands, compared to its average volume of 9,049,819. The company has a fifty day simple moving average of $2.35 and a two-hundred day simple moving average of $2.60. BlackBerry has a 1 year low of $2.01 and a 1 year high of $4.90. The company has a market cap of $1.49 billion, a P/E ratio of -7.97 and a beta of 1.39. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.43 and a current ratio of 1.43.
BlackBerry (NYSE:BB – Get Free Report) last announced its earnings results on Thursday, September 26th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.02. BlackBerry had a negative net margin of 25.80% and a negative return on equity of 6.43%. The business had revenue of $145.00 million for the quarter, compared to analyst estimates of $138.82 million. During the same quarter last year, the business earned ($0.06) earnings per share. The company’s revenue for the quarter was up 9.8% compared to the same quarter last year. Equities analysts predict that BlackBerry will post -0.09 EPS for the current fiscal year.
Institutional Trading of BlackBerry
Analyst Ratings Changes
A number of brokerages recently weighed in on BB. Cibc World Mkts upgraded shares of BlackBerry from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 27th. Robert W. Baird lowered their price target on BlackBerry from $3.50 to $3.00 and set a “neutral” rating for the company in a report on Thursday, June 27th. Canaccord Genuity Group reduced their price objective on BlackBerry from $3.25 to $2.70 and set a “hold” rating on the stock in a report on Thursday, June 27th. Canaccord Genuity Group lowered their target price on BlackBerry from $3.25 to $2.70 and set a “hold” rating for the company in a report on Thursday, June 27th. Finally, Raymond James dropped their price target on BlackBerry from $5.50 to $4.75 and set a “market perform” rating on the stock in a research report on Friday, June 28th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, BlackBerry presently has an average rating of “Hold” and a consensus price target of $3.20.
Get Our Latest Research Report on BB
BlackBerry Company Profile
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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