BlackBerry (TSE:BB) Posts Quarterly Earnings Results

BlackBerry (TSE:BB) (NASDAQ:BBRY) released its quarterly earnings data on Thursday. The company reported C$0.03 EPS for the quarter, FiscalAI reports. The business had revenue of C$198.10 million for the quarter. BlackBerry had a negative net margin of 21.16% and a negative return on equity of 17.21%.

BlackBerry Stock Performance

BlackBerry stock opened at C$6.03 on Friday. The stock has a fifty day moving average price of C$6.19 and a 200 day moving average price of C$5.83. BlackBerry has a 52 week low of C$3.99 and a 52 week high of C$8.86. The firm has a market capitalization of C$3.56 billion, a P/E ratio of 106.39, a PEG ratio of 0.06 and a beta of 1.00. The company has a current ratio of 1.37, a quick ratio of 1.49 and a debt-to-equity ratio of 30.90.

Analyst Upgrades and Downgrades

Separately, TD Securities raised BlackBerry to a “hold” rating in a report on Friday, October 3rd. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of C$4.75.

BlackBerry Company Profile

BlackBerry, once known for being the world’s largest smartphone manufacturer, is now exclusively a software provider with a stated goal of end-to-end secure communication for enterprises. The firm provides endpoint management and protection to enterprises, specializing in regulated industries like government, as well as embedded software to the automotive, medical, and industrial markets.