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BlackBerry (BB-T)
TSE:BB
6.93
0.01
(0.14%) 1d
Financials
Technical Analysis
Buy, Sell or Hold?
$6.210
Unknown
Not a good time to buy shares with recent under performance of tech & hardware.
Revenues down to record low.
Shifting to cyber security business units.
Unprofitable 9 out past 10 years.
Would not invest.
Too difficult to tell future of business.
BB is now trading at 4.4x times' Price/Sales. In 4Q-2023, the company’s revenue declined by -18.4% to $151M, in line with the estimates and EPS is -$0.02, beating estimates of -$0.07. The balance sheet is okay, with net debt of $17M. However, the trailing twelve-month cash flow is concerning, as the company generated -$263M.
The company announced a strategic reveiw which has given shares some support but we wouldn't view it as coming from a posiiton of strength and are not sure we see a whole lot of reason to be excited here.
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Don't buy shares.
Company has had better days.
Trajectory downward.
Tech not good anymore.
Results have been sporadic for a number of years.
Hard company to model going forward.
Better names to own in the tech sector (predictable earnings).
Not a strong business for the past 10 years.
Customers turning over etc.
The forgotten Canadian cell phone developer has re-invented itself in the cybersecurity space and is investing heavily into AI technology - partnering with Amazon's web services. Although operating at quarterly loss, cash reserves are growing and it trades at under 2x book. We recommend placing a stop-loss at $4.25, looking to achieve $8.00 -- upside potential over 33%. Yield 0%
(Analysts’ price target is $8.03)
BlackBerry(BB-T) Rating
Ranking : 3 out of 5
Bullish - Buy Signals / Votes : 2
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 7
Total Signals / Votes : 9
BlackBerry(BB-T) Frequently Asked Questions
What is BlackBerry stock symbol?
BlackBerry is a Canadian stock, trading under the symbol BB-T on the Toronto Stock Exchange (BB-CT). It is usually referred to as TSX:BB or BB-T
Is BlackBerry a buy or a sell?
In the last year, 9 stock analysts published opinions about BB-T. 2 analysts recommended to BUY the stock. 7 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for BlackBerry.
Is BlackBerry a good investment or a top pick?
BlackBerry was recommended as a Top Pick by on . Read the latest stock experts ratings for BlackBerry.
Why is BlackBerry stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is BlackBerry worth watching?
9 stock analysts on Stockchase covered BlackBerry In the last year. It is a trending stock that is worth watching.
What is BlackBerry stock price?
On 2023-09-22, BlackBerry (BB-T) stock closed at a price of $6.93.
The guidance was weak, and BB faces numerous challenges. But the company is still undergoing a strategic review, following overtures for a takeover. This remains a possibility, but it is hard to endorse on that alone. Fundamentals remain weak and much worse than expected. The balance sheet is OK but its large cash cushion is gone. Cash flow has been negative the past two years. Speculative as a possible takeover, but not really endorseable as a long term holding right now.
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