BlackBerry (NYSE:BB) Issues FY 2025 Earnings Guidance

BlackBerry (NYSE:BB) updated its FY 2025 earnings guidance on Thursday. The company provided earnings per share guidance of -0.050–0.020 for the period, compared to the consensus earnings per share estimate of -0.040. The company issued revenue guidance of $591.0 million-$616.0 million, compared to the consensus revenue estimate of $604.3 million. BlackBerry also updated its FY25 guidance to $(0.05)-$(0.02) EPS.

Analysts Set New Price Targets

BB has been the subject of several research reports. Robert W. Baird cut their price objective on BlackBerry from $3.50 to $3.00 and set a neutral rating for the company in a research note on Thursday, June 27th. Cibc World Mkts upgraded BlackBerry from a hold rating to a strong-buy rating in a research report on Thursday, June 27th. Royal Bank of Canada restated a sector perform rating and issued a $3.00 price objective on shares of BlackBerry in a report on Friday. Raymond James dropped their target price on shares of BlackBerry from $5.50 to $4.75 and set a market perform rating for the company in a report on Friday, June 28th. Finally, Canaccord Genuity Group reduced their target price on shares of BlackBerry from $3.25 to $2.70 and set a hold rating for the company in a research report on Thursday, June 27th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of Hold and a consensus target price of $3.20.

BlackBerry Stock Performance

NYSE BB opened at $2.52 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.43 and a quick ratio of 1.43. The stock’s fifty day moving average is $2.35 and its two-hundred day moving average is $2.60. BlackBerry has a fifty-two week low of $2.01 and a fifty-two week high of $4.90.

BlackBerry (NYSE:BB) last posted its quarterly earnings results on Thursday, September 26th. The company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.03) by $0.02. BlackBerry had a negative return on equity of 6.43% and a negative net margin of 25.80%. The business had revenue of $145.00 million for the quarter, compared to analyst estimates of $138.82 million. During the same quarter in the previous year, the firm earned ($0.06) EPS. The company’s quarterly revenue was up 9.8% compared to the same quarter last year. Equities analysts forecast that BlackBerry will post -0.09 earnings per share for the current fiscal year.

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.