BlackBerry (BB) to Release Quarterly Earnings on Wednesday

BlackBerry (TSE:BB) (NASDAQ:BBRY) is set to announce its earnings results before the market opens on Wednesday, December 20th. Analysts expect the company to announce earnings of C($0.05) per share for the quarter.

Shares of BlackBerry (BB) opened at C$13.70 on Wednesday. BlackBerry has a 12-month low of C$8.98 and a 12-month high of C$15.82.

Several brokerages recently issued reports on BB. BMO Capital Markets reissued a “market perform” rating and set a C$10.00 price target on shares of BlackBerry in a report on Friday, September 29th. Royal Bank of Canada lifted their price target on shares of BlackBerry to C$13.00 and gave the company a “sector perform” rating in a report on Friday, September 29th. Finally, TD Securities lifted their price target on shares of BlackBerry to C$15.00 and gave the company a “buy” rating in a report on Friday, September 29th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of C$13.20.

In related news, insider Martin James Beard bought 8,999 shares of the company’s stock in a transaction on Thursday, September 28th. The stock was bought at an average cost of C$11.15 per share, with a total value of C$100,338.85. Also, insider Steven Zipperstein sold 31,078 shares of the business’s stock in a transaction dated Friday, September 29th. The stock was sold at an average price of C$11.31, for a total transaction of C$351,492.18. Insiders have sold a total of 1,857,825 shares of company stock valued at $19,283,196 over the last three months.

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About BlackBerry

BlackBerry Limited (BlackBerry) provides mobile communications solutions. The Company is engaged in the sale of smartphones and enterprise software and services. The Company’s products and services include Enterprise Solutions and Services, Devices, BlackBerry Technology Solutions and Messaging. It is engaged in providing enterprise mobility management (EMM) and mobile security, and offers a portfolio of enterprise software solutions and services that can be deployed across a range of ecosystems and devices, including BlackBerry Enterprise Service (BES) 12 and Good Platforms, BES12 Cloud, enterprise file-sync-and-share (EFSS), SecuSUITE for Enterprise, Enhanced subscriber identity module (SIM)-Based Licensing (ESBL), WorkLife by BlackBerry solution and Professional Cybersecurity Services.

Earnings History for BlackBerry (TSE:BB)

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