Why Is BlackBerry Stock Falling Thursday?
BlackBerry Ltd. (NYSE: BB ) stock fell more than 11% Thursday as investors locked in profits following a massive rally driven by strong quarterly earnings. The company reported fiscal first-quarter 2027 results that beat Wall Street expectations, initially sending shares up nearly 20% to close at $10.32 on June 25. The stock extended those gains in subsequent sessions as several analysts raised their price forecasts. Financial Performance Exceeds Estimates BlackBerry reported first-quarter revenue of $152.9 million, marking a 26% year-over-year increase. This total beat the consensus estimate of $138.19 million. Adjusted EPS came in at 4 cents versus the Street estimate of 3 cents, and adjusted EBITDA reached $36.3 million. Following the earnings, RBC Capital Markets analyst Paul Treiber maintained a Sector Perform rating and raised the price forecast from $4.50 to $9. Treiber highlig...
BlackBerry Ltd. (NYSE: BB ) stock fell more than 11% Thursday as investors locked in profits following a massive rally driven by strong quarterly earnings. 32 on June 25. The stock extended those gains in subsequent sessions as several analysts raised their price forecasts.
9 million, marking a 26% year-over-year increase. 19 million. 3 million. 50 to $9.
6 times next-twelve-month EV/sales, positioning the company near the top of its five-year range and at a 112% premium to its auto-tech peers. 3 million. During the earnings call, management reported that development license revenue reached its highest level in eight quarters. The Secure Communications business also sustained steady momentum, driven by government demand for cybersecurity modernization and digital sovereignty.
01), which tells you the bigger move over recent months remains higher despite today’s pullback. The golden cross in May (50-day SMA moving above the 200-day SMA) also supports the idea that the primary trend has been bullish. 34 at the time of publication on Thursday, according to Pro data. Photo by Michael Vi via Shutterstock Read Also: The Upside-Down Market: Why Small-Caps Are a Valuation Trap