BlackBerry (NYSE:BB) issued its earnings results on Friday, March 29th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.05, MarketWatch Earnings reports. BlackBerry had a return on equity of 2.33% and a net margin of 10.29%. The firm had revenue of $257.00 million for the quarter, compared to analyst estimates of $242.81 million. During the same period in the previous year, the company posted $0.05 earnings per share. The business’s revenue was up 10.3% on a year-over-year basis.
Shares of NYSE BB remained flat at $$9.21 during midday trading on Friday. 2,759,587 shares of the stock were exchanged, compared to its average volume of 6,024,783. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.54 and a quick ratio of 2.54. The firm has a market cap of $5.04 billion, a P/E ratio of 70.85 and a beta of 2.08. BlackBerry has a fifty-two week low of $6.57 and a fifty-two week high of $12.55.
Several institutional investors have recently added to or reduced their stakes in BB. Sound Income Strategies LLC acquired a new position in BlackBerry in the fourth quarter valued at $28,000. Csenge Advisory Group acquired a new position in BlackBerry in the third quarter valued at $35,000. Gradient Investments LLC purchased a new stake in shares of BlackBerry in the fourth quarter valued at about $36,000. Capital Investment Advisory Services LLC purchased a new stake in shares of BlackBerry in the fourth quarter valued at about $43,000. Finally, Truvestments Capital LLC purchased a new stake in shares of BlackBerry in the first quarter valued at about $52,000. 52.71% of the stock is owned by institutional investors and hedge funds.
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BlackBerry Limited provides enterprise software and services worldwide. The company offers BlackBerry Enterprise Mobility Suite, which combines and integrates mobile security, management, productivity, and collaboration solutions, such as BlackBerry UEM, BlackBerry Dynamics, and BlackBerry Workspaces; BlackBerry AtHoc, a networked crisis communications solution; SecuSUITE for Government, a voice encryption software solution; BlackBerry Enterprise Consulting and BlackBerry Cybersecurity Consulting services; and BBM Enterprise, an enterprise-grade instant messaging solution, as well as BlackBerry Spark Communication services.
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