BlackBerry (NYSE:BB) Updates FY26 Earnings Guidance

BlackBerry (NYSE:BB) updated its FY26 earnings guidance on Wednesday. The company provided earnings per share guidance of $0.08-0.10 for the period, compared to the consensus earnings per share estimate of $0.05. The company issued revenue guidance of $504-534 million, compared to the consensus revenue estimate of $533.45 million. BlackBerry also updated its FY 2026 guidance to 0.080-0.100 EPS.

BlackBerry Trading Down 9.4 %

NYSE BB opened at $3.38 on Thursday. The stock has a market capitalization of $2.02 billion, a P/E ratio of -15.36 and a beta of 1.30. The business has a 50 day simple moving average of $4.67 and a 200 day simple moving average of $3.51. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.37 and a quick ratio of 1.37. BlackBerry has a one year low of $2.01 and a one year high of $6.24.

BlackBerry (NYSE:BB) last announced its quarterly earnings data on Wednesday, April 2nd. The company reported $0.03 EPS for the quarter, topping the consensus estimate of $0.02 by $0.01. BlackBerry had a negative net margin of 21.16% and a negative return on equity of 2.02%. The company had revenue of $141.70 million during the quarter, compared to the consensus estimate of $137.56 million. During the same quarter last year, the firm posted $0.03 EPS. The company’s quarterly revenue was down 7.3% on a year-over-year basis. Research analysts expect that BlackBerry will post -0.03 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Royal Bank of Canada reiterated a “sector perform” rating and set a $4.00 price objective on shares of BlackBerry in a report on Tuesday. TD Securities raised BlackBerry from a “hold” rating to a “buy” rating and raised their price objective for the company from $3.25 to $4.00 in a research note on Friday, December 20th. StockNews.com lowered BlackBerry from a “hold” rating to a “sell” rating in a research report on Wednesday. Canaccord Genuity Group lifted their price objective on shares of BlackBerry from $3.00 to $4.75 and gave the company a “hold” rating in a report on Tuesday, March 11th. Finally, Robert W. Baird boosted their price objective on BlackBerry from $3.00 to $3.50 and gave the stock a “neutral” rating in a report on Friday, December 20th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $3.91.

Insiders Place Their Bets

In other BlackBerry news, CEO John Joseph Giamatteo sold 29,402 shares of BlackBerry stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $4.00, for a total transaction of $117,608.00. Following the completion of the transaction, the chief executive officer now owns 490,761 shares of the company’s stock, valued at $1,963,044. The trade was a 5.65 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Jay P. Chai sold 24,425 shares of the stock in a transaction on Friday, January 24th. The stock was sold at an average price of $4.19, for a total value of $102,340.75. The disclosure for this sale can be found here. Insiders sold 69,308 shares of company stock valued at $281,914 over the last ninety days. 0.34% of the stock is currently owned by insiders.

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.