BlackBerry (NYSE:BB) Shares Gap Up – Here’s Why

BlackBerry Limited (NYSE:BB) shares gapped up prior to trading on Thursday . The stock had previously closed at $8.62, but opened at $9.72. BlackBerry shares last traded at $10.4410, with a volume of 21,610,811 shares traded.

Key BlackBerry News

Here are the key news stories impacting BlackBerry this week:

• Positive Sentiment: BlackBerry reported Q1 EPS of $0.04, beating estimates, while revenue rose 26% year over year to about $153 million, helping fuel bullish sentiment. Article Title
• Positive Sentiment: The company lifted its fiscal 2027 guidance, with both revenue and EPS outlooks pointing to continued growth above recent expectations. Article Title
• Positive Sentiment: BlackBerry said QNX revenue surged nearly 26% and that embedded software and AI opportunities are expanding, reinforcing optimism around its core growth engines. Article Title
• Positive Sentiment: Management highlighted its first cash-positive quarter in nine years and fifth consecutive quarter of positive GAAP net income, signs that profitability and cash generation are improving. Article Title
• Positive Sentiment: Stifel initiated coverage with a buy rating and a $12 price target, adding analyst support to the rally. Article Title

Wall Street Analyst Weigh In

Several research firms recently commented on BB. Canadian Imperial Bank of Commerce increased their target price on shares of BlackBerry from $8.50 to $10.00 and gave the company an “outperform” rating in a research note on Wednesday, June 17th. Wall Street Zen upgraded BlackBerry from a “hold” rating to a “buy” rating in a research report on Monday, June 8th. Weiss Ratings raised BlackBerry from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $4.50 target price on shares of BlackBerry in a report on Friday, April 10th. Finally, Stifel Nicolaus began coverage on BlackBerry in a research report on Wednesday. They issued a “buy” rating and a $12.00 price target for the company. Two equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $7.17.

BlackBerry Price Performance

The company has a debt-to-equity ratio of 0.26, a current ratio of 2.12 and a quick ratio of 2.12. The firm has a market cap of $6.06 billion, a price-to-earnings ratio of 130.32 and a beta of 2.29. The stock’s fifty day moving average price is $7.25 and its 200-day moving average price is $4.93.

BlackBerry (NYSE:BB) last posted its quarterly earnings data on Thursday, April 9th. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.02. BlackBerry had a net margin of 9.69% and a return on equity of 10.09%. The firm had revenue of $157.96 million during the quarter, compared to analyst estimates of $144.27 million. During the same quarter last year, the business posted $0.03 EPS. The company’s revenue was up 10.1% on a year-over-year basis. BlackBerry has set its Q1 2027 guidance at 0.020-0.030 EPS and its FY 2027 guidance at 0.150-0.190 EPS. Equities research analysts predict that BlackBerry Limited will post 0.13 EPS for the current fiscal year.

Insider Buying and Selling at BlackBerry

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

Hedge Funds Weigh In On BlackBerry

A number of large investors have recently made changes to their positions in the business. Amundi lifted its position in shares of BlackBerry by 52.7% in the first quarter. Amundi now owns 116,430 shares of the company’s stock worth $377,000 after purchasing an additional 40,184 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of BlackBerry by 139.2% during the first quarter. Renaissance Technologies LLC now owns 3,545,543 shares of the company’s stock worth $11,488,000 after purchasing an additional 2,063,153 shares during the period. Wealthfront Advisers LLC purchased a new position in BlackBerry during the first quarter valued at approximately $34,000. Bank of New York Mellon Corp purchased a new position in BlackBerry during the first quarter valued at approximately $37,000. Finally, V2 Financial group LLC increased its stake in BlackBerry by 6.8% in the 1st quarter. V2 Financial group LLC now owns 32,100 shares of the company’s stock valued at $104,000 after buying an additional 2,050 shares during the period. Institutional investors and hedge funds own 54.48% of the company’s stock.

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.