BlackBerry Limited (BB) is scheduled to report third-quarter fiscal 2025 results on Dec. 19.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. The Zacks Consensus Estimate is pegged at a loss of 2 cents per share, unchanged in the past 60 days. The company reported earnings per share of 1 cent in the prior-year quarter.The company’s earnings have surpassed the Zacks Consensus Estimate in each of the trailing four quarters, with the average earnings surprise of 131.25%.Factors at Play ...

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BlackBerry (BB) closed the latest trading day at $2.76, indicating a -0.72% change from the previous session's end. This change lagged the S&P 500's 0.54% loss on the day. At the same time, the Dow lost 0.53%, and the tech-heavy Nasdaq lost 0.66%.The cybersecurity software and services company's shares have seen an increase of 13.93% over the last month, surpassing the Computer and Technology sector's gain of 3.76% and the S&P 500's gain of 1.5%.Investors will be eagerly watching for the performance of Blac ...

The most recent trading session ended with BlackBerry (BB) standing at $2.56, reflecting a -0.39% shift from the previouse trading day's closing. This move lagged the S&P 500's daily gain of 0.25%. At the same time, the Dow lost 0.29%, and the tech-heavy Nasdaq gained 0.97%.The cybersecurity software and services company's stock has climbed by 13.22% in the past month, exceeding the Computer and Technology sector's gain of 0.06% and the S&P 500's gain of 3.51%.The investment community will be paying close a ...

Stock Performance - BlackBerry's stock closed at $2 35, reflecting a -1 67% decline from the previous trading day [1] - The stock underperformed the S&P 500, which gained 0 4%, while the Dow fell 0 28% and the Nasdaq rose 1 04% [1] - Over the past month, BlackBerry's shares depreciated by 7 36%, underperforming the Computer and Technology sector's gain of 0 18% and the S&P 500's gain of 0 62% [2] Earnings and Revenue Projections - BlackBerry is projected to report earnings of -$0 02 per share on December 19, 2024, representing a year-over-year decline of 300% [3] - Full-year Zacks Consensus Estimates predict earnings of -$0 02 per share and revenue of $603 million, reflecting year-over-year changes of -140% and -29 31%, respectively [4] Analyst Estimates and Zacks Rank - Recent modifications to analyst estimates for BlackBerry reflect evolving short-term business trends, with positive revisions indicating a favorable business outlook [4] - BlackBerry currently holds a Zacks Rank of 1 (Strong Buy), with no change in the Zacks Consensus EPS estimate over the past month [6] - The Zacks Rank system has a track record of success, with 1 stocks delivering an average annual return of +25% since 1988 [6] Industry Overview - The Computer - Software industry, part of the Computer and Technology sector, has a Zacks Industry Rank of 47, placing it in the top 19% of all industries [7] - The top 50% rated industries outperform the bottom half by a factor of 2 to 1, according to Zacks Industry Rank research [7]

BlackBerry Limited (NYSE:BB) RBC Capital Markets Global Technology, Internet, Media and Telecommunications Conference Call November 19, 2024 3:20 PM ET Company Participants John Giamatteo - Chief Executive Officer Tim Foote - Chief Financial Officer Conference Call Participants Paul Treiber - RBC Capital Markets Paul Treiber All right. So, thanks, everyone, for joining us. My name is Paul Treiber. For any of you who don't know me, I cover Canadian technology stocks at RBC. I'm pleased to be hosting our next ...

Summary of BlackBerry Limited Conference Call Company Overview - **Company**: BlackBerry Limited (NYSE: BB) - **Market Cap**: $1.5 billion - **Key Segments**: Cybersecurity and Internet of Things (IoT) [3][4] Core Insights and Arguments Leadership Changes and Strategy - New leadership team, including CEO John Giamatteo and CFO Tim Foote, has focused on evaluating company operations and restructuring for profitability [4][5] - BlackBerry has established two autonomous business units: IoT and cybersecurity, with a leaner corporate structure [5][6] - Cost reductions of $150 million have been achieved, with expectations of reaching profitability and free cash flow in Q3 and Q4 [6][47] Cybersecurity Segment - The cybersecurity business, particularly the Cylance component, has faced challenges due to market shifts towards Endpoint Detection and Response (EDR) [9][11] - Cylance has been a financial drag, requiring significant investment to catch up with competitors [12][13] - The rest of the cybersecurity business, excluding Cylance, is stable and profitable, generating approximately 20% EBITDA margins [14][34] IoT Segment - The IoT business, particularly the QNX platform, is viewed as a strong growth area with a growing backlog of approximately $815 million [16][17] - Design wins have been accumulating, but delays in production cycles have impacted short-term growth expectations [18][19] - Long-term opportunities exist as OEMs seek expertise in software integration, potentially increasing QNX's role in vehicle software development [20][21] Financial Performance and Future Outlook - The IoT segment is profitable, with a focus on maintaining a balance of growth and profitability [29] - Investments in R&D are around 30% of revenue, with new product launches aimed at enhancing performance and safety [30][32] - The company aims to stabilize and improve the fundamentals of the cybersecurity business while exploring options for the Cylance unit [15][33] Cash Flow and Cost Management - BlackBerry is transitioning to positive cash flow, with potential uses for cash including share buybacks and investments in adjacent markets [40][41] - Unallocated corporate costs are expected to decrease from $48 million to $40 million, with ongoing efforts to streamline operations [42][44] Additional Important Points - The company is optimistic about future growth, with expectations of improved financial performance and a potential increase in stock value [48][49] - The focus will be on leveraging the business model for profitability while addressing the challenges posed by the Cylance unit [47][48] This summary encapsulates the key points discussed during the BlackBerry Limited conference call, highlighting the company's strategic direction, financial performance, and future outlook.

PLEASANTON, Calif., Nov. 19, 2024 /PRNewswire/ -- Avathon, provider of the leading AI platform for industrial operations, has partnered with BlackBerry, enhancing the BlackBerry® AtHoc® critical event platform with its computer vision AI tool.BlackBerry AtHoc helps organizations securely collect, validate and share information across channels to activate an immediate coordinated, multi-departmental response. Independent from enterprise IT networks, BlackBerry AtHoc provides operational resilience and secure ...

BlackBerry (BB) closed the most recent trading day at $2.44, moving +0.83% from the previous trading session. The stock outpaced the S&P 500's daily gain of 0.02%. Elsewhere, the Dow saw an upswing of 0.11%, while the tech-heavy Nasdaq depreciated by 0.26%.Coming into today, shares of the cybersecurity software and services company had lost 2.81% in the past month. In that same time, the Computer and Technology sector gained 3.61%, while the S&P 500 gained 2.99%.Investors will be eagerly watching for the pe ...

In the latest market close, BlackBerry (BB) reached $2.27, with a +0.44% movement compared to the previous day. This change outpaced the S&P 500's 0.41% gain on the day. Elsewhere, the Dow gained 0.69%, while the tech-heavy Nasdaq added 0.8%.Shares of the cybersecurity software and services company witnessed a loss of 2.59% over the previous month, trailing the performance of the Computer and Technology sector with its loss of 0.01% and the S&P 500's loss of 0.97%.The upcoming earnings release of BlackBerry ...