BB Stock Recent News

BlackBerry Ltd (NYSE: BB) saw its stock soar more than 8% in pre-market trading today, following a robust Q1 2024 earnings report released yesterday after markets closed for trading. This surge was driven by the company's impressive revenue performance, which beat expectations and underscored the progress BlackBerry is making toward profitability.

BlackBerry stock jumps 8% premarket after fiscal results, but I remain bearish due to lack of prospects. BlackBerry specializes in IoT and cybersecurity, facing challenges in both sectors despite fair near-term prospects. Underwhelming revenue growth rates and a stock valuation at 87x this year's EBITDA, suggest overvaluation and limited growth prospects.

BlackBerry Limited (NYSE:BB ) Q1 2025 Earnings Call Transcript June 26, 2024 5:30 AM ET Company Participants Tim Foote - CFO Cybersecurity Division and Head of IR John Giamatteo - CEO Steve Rai - CFO Conference Call Participants Luke Junk - Baird Paul Treiber - RBC Capital Markets Todd Copeland - CIBC Kingsley Crane - Canaccord Genuity Operator Good afternoon, and welcome to the BlackBerry First Quarter Fiscal Year 2025 Results Conference call. My name is Carl and I'll be your conference moderator for today's call.

Canada's BlackBerry , beat first-quarter revenue estimates on Wednesday, driven by a resilient demand for cybersecurity services in the wake of growing online threats.

Exceeds quarterly revenue guidance for both IoT and Cybersecurity divisions IoT achieves 18% year over year revenue growth in the quarter Delivers sequential improvement in key Cybersecurity ARR and DBNRR metrics Exceeds guidance for adjusted EBITDA and non-GAAP earnings per share Makes significant progress in operational separation of IoT and Cybersecurity businesses WATERLOO, ON , June 26, 2024 /PRNewswire/ -- BlackBerry Limited (NYSE: BB; TSX: BB) today reported financial results for the three months ended May 31, 2024 (all figures in U.S. dollars and U.S. GAAP, except where otherwise indicated). "BlackBerry's strategy is delivering results.

5.2 attacks per minute detected between January and March 2024 WATERLOO, ON , June 25, 2024 /PRNewswire/ -- BlackBerry Limited (NYSE: BB; TSX: BB) today released its latest Global Threat Intelligence Report, revealing that BlackBerry® cybersecurity solutions detected and stopped 3.1 million cyberattacks (37,000 per day) in the first quarter of 2024. Between January and March 2024, BlackBerry detected 630,000 malicious hashes, representing a 40 percent increase from its previous reporting period.

BlackBerry Limited had a chance to raise millions of dollars but did not do so in the quarter. Ahead of the quarterly report, shares dropped below the 50-day moving average after a GME meme-inspired rally, down 16.5% in the last quarter. Investors expressed concerns ahead of BlackBerry Limited's Q1 results.

BlackBerry's (BB) first-quarter Cybersecurity revenues are anticipated to have been affected due to the ongoing budget constraints by some of its leading government customers.

The meme stocks are back, but should you get involved? This group of stocks shouldn't be too quickly dismissed.

WATERLOO, ON , June 13, 2024 /PRNewswire/ -- BlackBerry Limited (NYSE: BB) (TSX: BB) will hold its Annual General and Special Meeting (AGM) virtually, on June 25, 2024, at 1:00 pm ET.  The AGM, including the live audio webcast and voting platform, can be accessed at https://web.lumiagm.com/411599049.