BlackBerry (NYSE:BB) Shares Gap Up Following Earnings Beat

BlackBerry Limited (NYSE:BB)’s stock price gapped up before the market opened on Thursday following a stronger than expected earnings report. The stock had previously closed at $3.53, but opened at $3.82. BlackBerry shares last traded at $3.9270, with a volume of 9,967,125 shares.

The company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. BlackBerry had a return on equity of 8.05% and a net margin of 4.02%.The firm had revenue of $157.96 million for the quarter, compared to analysts’ expectations of $144.27 million. During the same period in the prior year, the firm posted $0.03 earnings per share. The firm’s quarterly revenue was up 10.1% on a year-over-year basis. BlackBerry has set its Q1 2027 guidance at 0.020-0.030 EPS and its FY 2027 guidance at 0.150-0.190 EPS.

Key Stories Impacting BlackBerry

Here are the key news stories impacting BlackBerry this week:

• Positive Sentiment: Q4 beat and revenue growth — BlackBerry reported adjusted EPS of $0.06 versus a $0.05 consensus and revenue up ~10% (about $156M), marking continued top-line recovery and an eighth consecutive quarter of GAAP net-income improvement. BlackBerry Stock Rises After Earnings. The Old Phone Stalwart Sees Growth Ahead.
• Positive Sentiment: Guidance raised/confirmed — Management set FY27 EPS guidance of $0.150–0.190 and revenue guidance ($584M–$611M) above consensus; Q1 FY27 revenue guidance ($132M–$140M) also topped estimates, supporting the view that the turnaround is gaining traction. BlackBerry forecasts upbeat quarterly revenue, says turnaround complete
• Positive Sentiment: QNX strength — BlackBerry’s QNX embedded operating-system business posted record quarterly revenue (~$78.7M) and a larger royalty backlog, a core driver of longer-term revenue visibility and margin improvement. BlackBerry Reports Fourth Quarter and Full Fiscal Year 2026 Results (press release/slide deck)
• Neutral Sentiment: Unusual options activity — Large spike in call purchases (about 44,579 calls, +258% vs. average) suggests traders were positioning for post-earnings upside, amplifying intraday buying pressure (no single article link available).
• Neutral Sentiment: Technical boost — Post-earnings rally pushed BB above its 100-day moving average, a momentum signal that can attract trend-following flows. CEO John Giamatteo just sold BlackBerry stock: here’s why you shouldn’t
• Negative Sentiment: Insider selling — Recent filings show sales by senior executives (including a reported CEO sale and an SVP sale), which can create short-term concern among some investors despite management commentary. CEO John Giamatteo just sold BlackBerry stock: here’s why you shouldn’t SVP Form 4 (SEC filing)

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $4.50 price objective on shares of BlackBerry in a report on Friday, December 19th. Weiss Ratings reiterated a “sell (d+)” rating on shares of BlackBerry in a report on Wednesday, March 25th. TD Securities upgraded BlackBerry to a “hold” rating in a report on Monday, December 22nd. Wall Street Zen cut BlackBerry from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. Finally, Canaccord Genuity Group reissued a “hold” rating and issued a $4.60 target price on shares of BlackBerry in a research report on Friday, December 19th. One equities research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, BlackBerry has a consensus rating of “Hold” and a consensus target price of $4.92.

Insider Buying and Selling

In other BlackBerry news, SVP Jennifer Armstrong-Owen sold 29,908 shares of the business’s stock in a transaction that occurred on Saturday, April 4th. The stock was sold at an average price of $3.56, for a total value of $106,472.48. Following the sale, the senior vice president owned 94,903 shares of the company’s stock, valued at $337,854.68. The trade was a 23.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO John Joseph Giamatteo sold 27,066 shares of the business’s stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $3.56, for a total value of $96,354.96. Following the completion of the sale, the chief executive officer directly owned 899,146 shares in the company, valued at approximately $3,200,959.76. The trade was a 2.92% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 73,171 shares of company stock worth $260,489. 0.37% of the stock is owned by corporate insiders.

Institutional Trading of BlackBerry

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Benjamin Edwards Inc. raised its position in BlackBerry by 16.5% in the third quarter. Benjamin Edwards Inc. now owns 17,005 shares of the company’s stock valued at $83,000 after purchasing an additional 2,405 shares during the period. SBI Securities Co. Ltd. increased its position in shares of BlackBerry by 10.3% during the third quarter. SBI Securities Co. Ltd. now owns 27,434 shares of the company’s stock worth $134,000 after acquiring an additional 2,569 shares during the period. Raymond James Financial Inc. increased its position in shares of BlackBerry by 2.1% during the third quarter. Raymond James Financial Inc. now owns 128,998 shares of the company’s stock worth $630,000 after acquiring an additional 2,689 shares during the period. CI Investments Inc. increased its position in shares of BlackBerry by 48.4% during the third quarter. CI Investments Inc. now owns 8,414 shares of the company’s stock worth $41,000 after acquiring an additional 2,745 shares during the period. Finally, Invesco Ltd. increased its position in shares of BlackBerry by 2.4% during the fourth quarter. Invesco Ltd. now owns 128,487 shares of the company’s stock worth $487,000 after acquiring an additional 2,975 shares during the period. Hedge funds and other institutional investors own 54.48% of the company’s stock.

BlackBerry Stock Up 7.6%

The business has a 50-day moving average price of $3.41 and a two-hundred day moving average price of $3.98. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 0.26. The firm has a market cap of $2.23 billion, a PE ratio of 126.71 and a beta of 1.70.

About BlackBerry

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.