BlackBerry (NYSE:BB) Sees Unusually-High Trading Volume Following Earnings Beat

Shares of BlackBerry Limited (NYSE:BB) saw an uptick in trading volume on Friday following a better than expected earnings announcement. 10,890,335 shares were traded during trading, a decline of 42% from the previous session’s volume of 18,879,293 shares.The stock last traded at $11.0020 and had previously closed at $10.34.

The company reported $0.04 EPS for the quarter, beating the consensus estimate of $0.03 by $0.01. The business had revenue of $152.90 million for the quarter, compared to the consensus estimate of $139.81 million. BlackBerry had a return on equity of 10.09% and a net margin of 9.69%.The company’s revenue was up 25.6% on a year-over-year basis. During the same period last year, the business posted $0.02 EPS. BlackBerry has set its FY 2027 guidance at 0.160-0.200 EPS and its Q2 2027 guidance at 0.030-0.040 EPS.

Key Stories Impacting BlackBerry

Here are the key news stories impacting BlackBerry this week:

• Positive Sentiment: BlackBerry beat Wall Street expectations, reporting adjusted EPS of $0.04 versus $0.03 expected and revenue of about $152.9 million versus $139.8 million estimated, with sales up 25.6% year over year. BlackBerry Reports First Quarter Fiscal Year 2027 Results
• Positive Sentiment: Management raised FY2027 guidance, signaling confidence in continued growth and improved profitability as the turnaround progresses. BlackBerry lifts annual revenue forecast as QNX unit powers growth
• Positive Sentiment: Growth in QNX and Secure Communications was a key driver, with QNX continuing to power BlackBerry’s embedded-software momentum and adding to the bullish AI/automotive narrative. BlackBerry Q1 Earnings Call Highlights QNX Growth & Higher Outlook
• Positive Sentiment: BlackBerry said it generated positive operating cash flow for the first fiscal quarter in nine years, a milestone that supports the view that the business is becoming more self-sustaining. BlackBerry Reports First Quarter Fiscal Year 2027 Results
• Neutral Sentiment: Several articles noted renewed investor interest in BlackBerry as a possible AI and mission-critical software play, but these were largely commentary pieces rather than new operating developments. Forget the Cellphones: BlackBerry Shares Jump 23% as an AI Play

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on BB shares. Stifel Nicolaus assumed coverage on shares of BlackBerry in a research note on Wednesday. They issued a “buy” rating and a $12.00 target price for the company. Raymond James Financial reiterated a “market perform” rating and issued a $9.50 price objective on shares of BlackBerry in a report on Friday. Weiss Ratings raised shares of BlackBerry from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday. Canaccord Genuity Group set a $10.30 target price on BlackBerry in a research note on Friday. Finally, Wall Street Zen raised BlackBerry from a “hold” rating to a “buy” rating in a research report on Monday, June 8th. Two equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $7.72.

Insider Buying and Selling

In related news, SVP Jennifer Armstrong-Owen sold 29,908 shares of BlackBerry stock in a transaction on Saturday, April 4th. The shares were sold at an average price of $3.56, for a total value of $106,472.48. Following the completion of the sale, the senior vice president owned 94,903 shares in the company, valued at approximately $337,854.68. The trade was a 23.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO John Joseph Giamatteo sold 27,066 shares of the company’s stock in a transaction on Thursday, April 2nd. The shares were sold at an average price of $3.56, for a total transaction of $96,354.96. Following the completion of the sale, the chief executive officer directly owned 899,146 shares in the company, valued at $3,200,959.76. This represents a 2.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 73,171 shares of company stock valued at $260,489 in the last three months. Corporate insiders own 0.51% of the company’s stock.

Hedge Funds Weigh In On BlackBerry

A number of hedge funds have recently bought and sold shares of the company. Delos Wealth Advisors LLC bought a new stake in BlackBerry in the third quarter valued at about $34,000. CI Investments Inc. lifted its holdings in BlackBerry by 48.4% during the 3rd quarter. CI Investments Inc. now owns 8,414 shares of the company’s stock worth $41,000 after buying an additional 2,745 shares during the last quarter. Wealthfront Advisers LLC acquired a new position in shares of BlackBerry in the 1st quarter worth approximately $34,000. Bank of New York Mellon Corp acquired a new position in shares of BlackBerry in the 1st quarter worth approximately $37,000. Finally, NewEdge Advisors LLC increased its holdings in shares of BlackBerry by 2,349.1% in the 3rd quarter. NewEdge Advisors LLC now owns 11,682 shares of the company’s stock valued at $57,000 after acquiring an additional 11,205 shares during the last quarter. 54.48% of the stock is currently owned by institutional investors and hedge funds.

BlackBerry Stock Up 7.1%

The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.12 and a current ratio of 2.12. The firm has a market capitalization of $6.49 billion, a P/E ratio of 137.93 and a beta of 2.29. The stock has a fifty day moving average price of $7.37 and a two-hundred day moving average price of $4.97.

BlackBerry Company Profile

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.