FAQs
Does BlackBerry have a future? ›
During an analyst summit event last May, BlackBerry stated it is bullish on the IoT business, forecasting its sales growth between 18% and 22% in the next three years, much higher than the growth rates for its cybersecurity business.
Is BlackBerry still profitable? ›“BlackBerry remains on track to be both profitable on a non-GAAP basis and generating positive cash flow in the fourth quarter,” Chief Executive John Giamatteo said in a release. Quarterly revenue came in at $144 million, down from $173 million in the February quarter and $373 million in the year-earlier period.
What is BlackBerry currently doing? ›What Business Is BlackBerry in Now That It Has Stopped Making Smartphones? Currently, BlackBerry Limited is primarily a provider of cybersecurity and Internet of Things (IoT) services.
What is the stock market prediction for BlackBerry? ›Average Price Target
Based on 3 Wall Street analysts offering 12 month price targets for BlackBerry in the last 3 months. The average price target is C$4.46 with a high forecast of C$4.80 and a low forecast of C$4.11. The average price target represents a 41.97% change from the last price of C$3.14.
The root system of raspberries and blackberries is perennial, but each shoot is biennial — it only survives for 2 years. During the first year, a shoot reaches its maximum height (and is called a “cane”). In the second year, it produces fruit and dies soon afterwards.
Will BlackBerry bounce back? ›May 17 (Reuters) - BlackBerry Ltd (BB.TO) , opens new tab, on Wednesday forecast as much as 54% jump in 2026 sales from current year on the back of growth in its cybersecurity business, sending shares up 5%. The security software and services provider expects 2026 revenue to be between $880 million and $960 million.
Should I hold or sell BlackBerry? ›What do analysts say about BlackBerry? BlackBerry's analyst rating consensus is a Hold.
Why did BlackBerry collapse? ›BlackBerry lost out to Apple and Samsung for dominance of the smartphone market. Fundamentally, the company's mistakes were linked to an excessive focus on enterprise over consumer tastes and preferences, an OS that nobody was building apps for.
Are the BlackBerry guys still rich? ›Lazaridis was then worth $1.9 billion, and Balsillie $1.8 billion. These days they appear to be worth in the neighborhood of $800 million or so. Lazaridis founded the outfit while he was a student at University of Waterloo; he and Balsillie have run the company together since 1992.
What does BlackBerry do in 2024? ›BlackBerry no longer manufactures phones, but it still exists today. As of 2024, the company is developing cybersecurity software in Canada. After BlackBerry sold the brand name to BB Merah Putih, the license changed hands thrice. And with each change in ownership, overall sales of BlackBerry phones declined further.
Is BlackBerry gone forever? ›
BlackBerry is a discontinued brand of smartphones and other related mobile services and devices. The line was originally developed and maintained by the Canadian company BlackBerry Limited (formerly known as Research In Motion, or RIM) from 1999 to 2016, after which it was licensed to various companies.
Who bought the BlackBerry? ›Three days later, the company announced that it had signed a letter of intent to be acquired by a consortium led by Prem Watsa-owned Fairfax Financial Holdings for a $9 per share deal. This deal was also confirmed by Watsa.
Who is the largest shareholder of BlackBerry? ›Largest shareholders include First Trust Advisors Lp, Fairfax Financial Holdings Ltd/ Can, CIBR - First Trust NASDAQ Cybersecurity ETF, Primecap Management Co/ca/, FIFTHDELTA Ltd, Legal & General Group Plc, Vanguard Group Inc, EdgePoint Investment Group Inc., Mirae Asset Global Investments Co., Ltd., and VPMCX - ...
What is the highest BlackBerry stock has ever been? ›The latest closing stock price for BlackBerry as of June 26, 2024 is 2.21.
- The all-time high BlackBerry stock closing price was 147.55 on June 19, 2008.
- The BlackBerry 52-week high stock price is 5.75, which is 160.2% above the current share price.
Valuation metrics show that BlackBerry Limited may be overvalued. Its Value Score of D indicates it would be a bad pick for value investors. The financial health and growth prospects of BB, demonstrate its potential to underperform the market. It currently has a Growth Score of B.
Is BlackBerry a good long-term investment? ›The financial health and growth prospects of BB, demonstrate its potential to underperform the market. It currently has a Growth Score of B. Recent price changes and earnings estimate revisions indicate this would be a good stock for momentum investors with a Momentum Score of B.
What is the future of BlackBerry OS? ›BlackBerry phones no longer officially exist and are physically inoperable. On January 4, 2022, John Chen, CEO of BlackBerry Limited, confirmed that BlackBerry's infrastructure (operating system, software, and services), which had existed for 20 years, would be retired.
What will BlackBerry be worth in 2025? ›Long-Term BlackBerry Stock Price Predictions
| Year | Prediction | Change |
|---|---|---|
| 2025 | $ 2.22 | 0.43% |
| 2026 | $ 2.23 | 0.87% |
| 2027 | $ 2.24 | 1.31% |
| 2028 | $ 2.25 | 1.74% |
A gradual recovery in BlackBerry stock started in April after the company announced its significantly better-than-expected fiscal year 2024 (ended in February) financial results. During the fiscal year, the software firm's total revenue rose around 30% YoY (year over year) to US$853 million.