BlackBerry (TSE:BB) Trading Up 13.4% – Still a Buy?

by · The Markets Daily

BlackBerry Limited (TSE:BB – Get Free Report) (NASDAQ:BBRY) shares were up 13.4% during trading on Monday . The company traded as high as C$4.16 and last traded at C$4.15. Approximately 7,168,884 shares changed hands during mid-day trading, an increase of 227% from the average daily volume of 2,195,521 shares. The stock had previously closed at C$3.66.

BlackBerry Stock Down 0.8 %

The company has a debt-to-equity ratio of 34.15, a quick ratio of 1.49 and a current ratio of 1.44. The firm has a 50-day moving average price of C$3.42 and a two-hundred day moving average price of C$3.42. The firm has a market cap of C$2.33 billion, a price-to-earnings ratio of -12.81, a price-to-earnings-growth ratio of 0.06 and a beta of 1.07.

BlackBerry (TSE:BB – Get Free Report) (NASDAQ:BBRY) last issued its quarterly earnings data on Thursday, September 26th. The company reported C($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of C($0.05) by C$0.03. The company had revenue of C$198.60 million for the quarter. BlackBerry had a negative return on equity of 17.68% and a negative net margin of 21.66%. On average, sell-side analysts forecast that BlackBerry Limited will post 0.0551903 earnings per share for the current year.

About BlackBerry

(Get Free Report)

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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