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

BlackBerry Limited (NYSE:BB) gapped down prior to trading on Friday . The stock had previously closed at $4.33, but opened at $4.08. BlackBerry shares last traded at $3.9050, with a volume of 4,920,212 shares trading hands.

Key Headlines Impacting BlackBerry

Here are the key news stories impacting BlackBerry this week:

• Positive Sentiment: Quarterly results beat expectations — BB reported $0.05 EPS vs. consensus $0.04 and revenue above estimates, showing improved profitability versus a year ago. BB Tops Q3 Earnings and Revenue Estimates
• Positive Sentiment: Company raised FY 2026 guidance (EPS 0.140–0.160 vs. consensus ~0.120) and hit the top end of cash‑flow guidance; management cited strong cybersecurity demand. Blackberry lifts lower end of annual revenue forecast
• Positive Sentiment: Business highlights: QNX posted its highest revenue quarter ever, Secure Communications beat revenue and adjusted EBITDA guidance — supporting the thesis of durable software/cybersecurity revenue. BlackBerry Reports Third Quarter Fiscal Year 2026 Results
• Neutral Sentiment: Analysts reiterated neutral/hold ratings with modest upside targets (RBC $4.50; Canaccord $4.60), signaling cautious optimism but no upgrade momentum. RBC reaffirmation (Benzinga) Canaccord reaffirmation (TickerReport)
• Neutral Sentiment: Company provided Q4 and FY slide deck and call materials for investors to dig into segment trends and margin/cash‑flow details. BB Press Release / Slide Deck Earnings presentation (Seeking Alpha)
• Negative Sentiment: Near‑term guidance is mixed: Q4 revenue range (≈$138M–$148M) and EPS guidance (0.030–0.050) leave room below consensus at the low end — a possible reason for the stock pullback. Earnings and guidance details (MarketBeat)
• Negative Sentiment: Revenue was down modestly year‑over‑year (-1.3%) and GAAP net margin remains small/negative, which may keep some value investors cautious despite improving operating metrics. Quarterly stats (MarketBeat)

Analyst Ratings Changes

BB has been the topic of several recent analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of BlackBerry in a research note on Wednesday, October 8th. TD Securities downgraded shares of BlackBerry from a “buy” rating to a “hold” rating and lifted their price target for the company from $4.00 to $5.00 in a report on Friday, October 3rd. TD Cowen restated a “hold” rating and issued a $5.00 price target on shares of BlackBerry in a research report on Friday, October 3rd. Wall Street Zen raised shares of BlackBerry from a “hold” rating to a “buy” rating in a report on Friday, September 26th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $4.50 price target on shares of BlackBerry in a report on Friday. One research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, BlackBerry has a consensus rating of “Hold” and a consensus target price of $5.10.

BlackBerry Trading Down 9.8%

The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.27. The firm has a 50 day moving average price of $4.43 and a 200 day moving average price of $4.21. The stock has a market capitalization of $2.31 billion, a PE ratio of -391.50 and a beta of 1.41.

BlackBerry (NYSE:BB) last announced its earnings results on Thursday, December 18th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.01. The company had revenue of $141.80 million for the quarter, compared to analysts’ expectations of $137.54 million. BlackBerry had a positive return on equity of 6.07% and a negative net margin of 0.60%.BlackBerry’s quarterly revenue was down 1.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.02 earnings per share. BlackBerry has set its FY 2026 guidance at 0.140-0.160 EPS and its Q4 2026 guidance at 0.030-0.050 EPS. Equities analysts expect that BlackBerry Limited will post -0.03 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO John Joseph Giamatteo sold 28,343 shares of the stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $4.62, for a total transaction of $130,944.66. Following the completion of the transaction, the chief executive officer directly owned 568,164 shares of the company’s stock, valued at $2,624,917.68. This represents a 4.75% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Mattias Eriksson sold 5,914 shares of the firm’s stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $4.62, for a total value of $27,322.68. Following the completion of the sale, the insider directly owned 291,340 shares of the company’s stock, valued at $1,345,990.80. This represents a 1.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 88,565 shares of company stock valued at $423,706. Company insiders own 0.37% of the company’s stock.

Institutional Trading of BlackBerry

Several institutional investors and hedge funds have recently bought and sold shares of the company. Voya Investment Management LLC purchased a new position in shares of BlackBerry during the 1st quarter valued at $95,166,000. Vanguard Group Inc. boosted its stake in shares of BlackBerry by 2.2% in the 3rd quarter. Vanguard Group Inc. now owns 23,793,046 shares of the company’s stock valued at $116,086,000 after purchasing an additional 517,715 shares in the last quarter. First Trust Advisors LP grew its holdings in shares of BlackBerry by 18.1% during the 3rd quarter. First Trust Advisors LP now owns 18,592,150 shares of the company’s stock valued at $90,730,000 after purchasing an additional 2,844,036 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in BlackBerry by 1.3% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,799,334 shares of the company’s stock worth $77,116,000 after purchasing an additional 209,448 shares during the period. Finally, Hood River Capital Management LLC bought a new stake in BlackBerry in the second quarter worth $52,441,000. 54.48% of the stock is currently owned by hedge funds and other institutional investors.

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.