BlackBerry (NYSE:BB) Upgraded to Buy at Wall Street Zen
by Scott Moore · The Cerbat GemWall Street Zen upgraded shares of BlackBerry (NYSE:BB – Free Report) from a hold rating to a buy rating in a research report released on Saturday morning.
Several other research firms have also issued reports on BB. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $4.50 price objective on shares of BlackBerry in a research note on Friday. Canaccord Genuity Group lowered their price objective on BlackBerry from $4.60 to $4.40 and set a “hold” rating for the company in a research note on Friday. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of BlackBerry in a research note on Wednesday, March 25th. Finally, TD Securities raised BlackBerry to a “hold” rating in a research note on Monday, December 22nd. One investment analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, BlackBerry presently has an average rating of “Hold” and an average price target of $4.88.
BlackBerry Price Performance
NYSE:BB opened at $3.84 on Friday. The firm has a market capitalization of $2.26 billion, a price-to-earnings ratio of 48.04 and a beta of 1.70. BlackBerry has a 1 year low of $3.04 and a 1 year high of $5.32. The business has a 50 day simple moving average of $3.42 and a 200-day simple moving average of $3.98. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.14 and a quick ratio of 2.14.
BlackBerry (NYSE:BB – Get Free Report) last posted its quarterly earnings data on Thursday, April 9th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.02. The business had revenue of $157.96 million during the quarter, compared to analyst estimates of $144.27 million. BlackBerry had a return on equity of 10.15% and a net margin of 9.69%.The company’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same period last year, the company earned $0.03 EPS. BlackBerry has set its Q1 2027 guidance at 0.020-0.030 EPS and its FY 2027 guidance at 0.150-0.190 EPS. Equities analysts forecast that BlackBerry will post -0.03 EPS for the current year.
Insider Buying and Selling
In other BlackBerry news, CEO John Joseph Giamatteo sold 27,066 shares of BlackBerry stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $3.56, for a total transaction of $96,354.96. Following the completion of the sale, the chief executive officer directly owned 899,146 shares of the company’s stock, valued at $3,200,959.76. The trade was a 2.92% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Jennifer Armstrong-Owen sold 29,908 shares of BlackBerry stock in a transaction on Saturday, April 4th. The shares were sold at an average price of $3.56, for a total value of $106,472.48. Following the sale, the senior vice president directly owned 94,903 shares of the company’s stock, valued at approximately $337,854.68. This trade represents a 23.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 73,171 shares of company stock valued at $260,489 over the last three months. 0.37% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On BlackBerry
Institutional investors and hedge funds have recently bought and sold shares of the company. Delos Wealth Advisors LLC bought a new stake in BlackBerry during the 3rd quarter valued at $34,000. CI Investments Inc. raised its position in BlackBerry by 48.4% during the 3rd quarter. CI Investments Inc. now owns 8,414 shares of the company’s stock valued at $41,000 after purchasing an additional 2,745 shares in the last quarter. NewEdge Advisors LLC increased its holdings in shares of BlackBerry by 2,349.1% in the 3rd quarter. NewEdge Advisors LLC now owns 11,682 shares of the company’s stock valued at $57,000 after acquiring an additional 11,205 shares during the period. Portfolio Resources Advisor Group Inc. purchased a new position in shares of BlackBerry in the 4th quarter valued at $46,000. Finally, DGS Capital Management LLC purchased a new position in shares of BlackBerry in the 4th quarter valued at $52,000. 54.48% of the stock is owned by institutional investors.
More BlackBerry News
Here are the key news stories impacting BlackBerry this week:
- Positive Sentiment: Q4 beat and revenue surge — BlackBerry topped Q4 EPS and revenue estimates (revenue +10% YoY) driven by strong QNX and Secure Communications performance, which is the primary catalyst for the stock rally. BlackBerry’s Shares Rally 8% on Q4 Earnings Beat, Revenues Surge Y/Y
- Positive Sentiment: QNX strength & backlog — QNX reported record quarterly revenue (~$78.7M), expanded its royalty backlog (~$950M) and was highlighted as a key growth engine for embedded software and automotive wins. BlackBerry Reports Fourth Quarter and Full Fiscal Year 2026 Results
- Positive Sentiment: Upbeat FY27 & Q1 guidance — Management issued FY2027 EPS ($0.150–0.190) and Q1 EPS ($0.020–0.030) and raised revenue ranges above consensus, signaling continued top‑line expansion. This helped push sentiment more positive. BlackBerry Earnings Report & Transcript
- Positive Sentiment: Analyst support — RBC reaffirmed a “sector perform” rating and set a $4.50 price target, implying meaningful upside from current levels and lending third‑party validation to the outlook. Benzinga Coverage
- Positive Sentiment: Heavy call buying — Unusual options flow: ~44,579 calls traded (≈+258% vs. normal), which often accompanies bullish positioning after earnings and can amplify intraday upside.
- Neutral Sentiment: Wider media coverage & analyst notes — Major outlets (Reuters/WSJ/Barron’s/Yahoo) ran positive takes on the turnaround and guidance, increasing visibility but not changing fundamentals. Reuters: BlackBerry forecasts upbeat quarterly revenue
- Neutral Sentiment: Earnings materials available — The company published its slide deck and call presentation for deeper detail on segment trends and guidance for investors doing due diligence. Seeking Alpha: Q4 Results & Presentation
- Negative Sentiment: Insider sale — CEO John Giamatteo sold shares shortly after the report; insider sales can create short‑term concern even if the company narrative remains positive. Invezz: CEO John Giamatteo just sold BlackBerry stock
BlackBerry Company Profile
BlackBerry Limited, formerly known as Research In Motion (RIM), is a Canadian enterprise software and cybersecurity company based in Waterloo, Ontario. Since its founding in 1984, the firm has evolved from a pioneer in mobile devices into a specialist in secure communications, endpoint management, and embedded systems software. BlackBerry’s core mission today centers on delivering security-first solutions that protect critical data and infrastructure across diverse industries.
At the heart of BlackBerry’s offerings is the BlackBerry Spark® platform, which combines unified endpoint management (UEM), secure communications, and artificial intelligence–driven threat detection into a single framework.