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BlackBerry Shares Are Getting Squashed Today: What's Going On?
Tuesday, March 7, 2023 - 9:40am | 344BlackBerry Ltd (NYSE: BB) shares are moving lower Tuesday after the company reported weak preliminary fourth-quarter results accompanied by cautious commentary. What Happened: BlackBerry expects fourth-quarter revenue of approximately $151 million versus estimates of $179.65 million, per...
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Why BlackBerry Shares Are Falling
Wednesday, December 22, 2021 - 11:57am | 253BlackBerry Ltd (NYSE: BB) shares are trading lower after the company reported its third-quarter earnings results. The company reported quarterly sales of $184 million which beat the analyst consensus estimate of $177.25 million by 4%. This is an 18% decrease...
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Executive Chairman And CEO Of Blackberry Trades $24M In Company Stock
Monday, November 8, 2021 - 11:03am | 425John Chen, Executive Chairman And CEO at Blackberry (NYSE:BB), made a large buy and sell of company shares on November 3, according to a new SEC filing. What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission states that John Chen exercised options to purchase 4,000,000...
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Why BlackBerry Shares Are Trading Higher Today
Thursday, September 23, 2021 - 10:02am | 207BlackBerry Ltd (NYSE: BB) is trading higher Thursday morning after the company announced better-than-expected second-quarter fiscal 2022 financial results. BlackBerry reported an adjusted quarterly earnings loss of 6 cents per share, which beat the estimate for a loss of 7 cents per share. The...
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How Blackberry CEO John Chen Could Hit The Jackpot
Friday, January 29, 2021 - 7:55am | 421BlackBerry Ltd.(NYSE: BB) shares have surged over the past two as retail traders and other investors purchased stock. BlackBerry’s Chief Executive Officer John Chen could catch a windfall if prices hold up, without him buying another share. What Happened: According to his contract, Chen could...
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What Analysts Think Of BlackBerry's Turnaround
Monday, April 1, 2019 - 11:53am | 640BlackBerry Ltd (NYSE: BB) CEO John Chen said Friday after the company's fourth-quarter report its turnaround is complete. The transition from smartphone maker to software and services should result in the company seeing year-over-year growth in all four quarters. Here is a summary of how...
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BlackBerry Scoops Up Cybersecurity Company Cylance For $1.4B
Friday, November 16, 2018 - 9:48am | 356BlackBerry Ltd (NYSE: BB) said Friday it reached an agreement to acquire Cylance, an artificial intelligence and cyber security leader. What Happened BlackBerry will pay $1.4 billion in cash and the assumption of unvested employee incentive awards to fully acquire the pioneer in applying artificial...
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BlackBerry Beats Q1 Earnings Estimates, Announces Bullitt Partnership
Friday, June 22, 2018 - 8:28am | 488BlackBerry Ltd (NYSE: BB)’s non-GAAP revenue of $217 million and adjusted earnings per share of 3 cents beat $209.03 million and breakeven estimates, respectively. The stcok was trading up about 1.2 percent at $11.85 in Friday's pre-market session. Here are some of the other takeaways:...
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BlackBerry Launches Jarvis Platform, An 'Ideal' Automotive Solution
Tuesday, January 16, 2018 - 12:20pm | 736BlackBerry Ltd (NYSE: BB) introduced Jarvis, a cloud-based code analysis solution, at the North American International Auto Show Monday. Jarvis scans binary code — from any file size, type or architecture — and offers insights on how to improve the code and its security. Chen...
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BlackBerry Q1 Doesn't Connect With Investors
Friday, June 23, 2017 - 9:07am | 556BlackBerry Ltd (NASDAQ: BBRY) shares are dropping in pre-market trading after the Waterloo, Ontario-based mobile-native software and services company reported Friday ahead of the market an unexpected profit for the first quarter. However, sales trailed expectations. The company also announced a...
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The BlackBerry-Qualcomm Arbitration Case, Explained
Wednesday, April 12, 2017 - 8:38am | 317An interim arbitration decision required QUALCOMM, Inc. (NASDAQ: QCOM) to refund BlackBerry Ltd (NASDAQ: BBRY) $814 million for overpaid royalties. Nearly a year ago, the companies agreed to arbitrate a dispute regarding Qualcomm’s royalty cap and its applicability to BlackBerry payments from...
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BlackBerry Upgraded By Macquarie Following Encouraging Earnings Report
Monday, April 3, 2017 - 11:15am | 316Shares of BlackBerry Ltd (NASDAQ: BBRY) were trading lower by around 1 percent Monday morning despite the stock being upgraded by analysts at Macquarie Research. Macquarie's Gus Papageorgiou upgraded BlackBerry's stock to Outperform from Neutral with a price target boosted to $9.00 from a previous...
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Blackberry Still A 2-3 Year Investment Story
Friday, March 31, 2017 - 12:16pm | 338BlackBerry Ltd (NASDAQ: BBRY) shares are surging higher by 12.5 percent on Friday after the company delivered a big fourth-quarter earnings beat and guided for profitability in 2018. BlackBerry delivered EPS of $0.04 in Q4 on revenue of $297 million. A number of investors have written off...
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BlackBerry Beats Earnings Estimates, Expects To Be Profitable Next Year
Friday, March 31, 2017 - 7:46am | 385Shares of BlackBerry Ltd (NASDAQ: BBRY) gained more than 4 percent early Friday morning after the company reported a $0.04 per share profit in the fourth quarter, marking an improvement from a $0.03 per share loss a year ago. Revenue for the quarter was $297 million (GAAP revenue of $286 million),...
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A Look At BlackBerry's Different Business Model
Tuesday, December 20, 2016 - 3:08pm | 410BlackBerry Ltd (NASDAQ: BBRY) provided investors with a closer look of its new business model on Tuesday, which resulted in a pop of more than 2 percent in the company's stock. BlackBerry announced back in September that it will no longer manufacturer its own hardware devices, once considered the...