BlackBerry Limited ($BB) Stock Forecast: Up 5.0% Today

What is BlackBerry Limited?

BlackBerry (BB) is a technology company renowned for its software and services, notably the QNX platform widely deployed in sectors like automotive.

Why is BlackBerry Limited going up?

BB stock is up 5.0% on Sep 12, 2024 14:48

• BB stock demonstrated robust bullish momentum, surpassing the overall market performance.
• Collaboration with HaleyTek to integrate BB's QNX platform into cockpit software highlights the company's ongoing innovation and penetration into fresh markets.
• The optimism in the market towards BB appears linked to strategic partnerships and technological progress, fostering greater investor trust and propelling stock value.

BB Price Chart

BB News

BlackBerry ( BB ) Outperforms Broader Market: What You Need to Know

BlackBerry (BB) reachead $2.38 at the closing of the latest trading day, reflecting a +1.28% change compared to its last close.

https://www.zacks.com/stock/news/2334273/blackberry-bb-outperforms-broader-market-what-you-need-to-know

Blackberry's QNX Used by HaleyTek for its Cockpit Software Platform

BB's QNX Hypervisor for Safety and the QNX Sound platform is used by HaleyTek for its cutting-edge cockpit software solution - Generic Automotive Platform ...

https://www.zacks.com/stock/news/2333546/blackberrys-qnx-used-by-haleytek-for-its-cockpit-software-platform

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BlackBerry Limited Price History

29.07.2024 - BB Stock was up 5.0%

• Support from Coinbase for major cryptos potentially sparked increased interest and investment in the cryptocurrency market, indirectly benefiting BB as a technology company.
• Positive speculation about XRP's potential significant price upswing may have enhanced overall market confidence, thereby influencing the bullish movement in BB stock.
• Despite recent negative developments related to a lawsuit involving BlackBerry's former chief marketing officer and CEO, market attention appears to be focused more on potential growth prospects in the tech sector, potentially contributing to BB's bullish movement.

12.08.2024 - BB Stock was up 5.0%

• BB stock demonstrated robust bullish momentum, surpassing the overall market performance.
• Collaboration with HaleyTek to integrate BB's QNX platform into cockpit software highlights the company's ongoing innovation and penetration into fresh markets.
• The optimism in the market towards BB appears linked to strategic partnerships and technological progress, fostering greater investor trust and propelling stock value.

14.05.2024 - BB Stock was down 12.2%

• BlackBerry (BB) stock experienced a significant decline, possibly due to its association with meme stocks like GameStop and AMC Entertainment losing momentum.
• The overall weakness in software stocks, including disappointing financial results from companies like Salesforce and Okta, may have contributed to BlackBerry's decline.
• Negative sentiment towards BlackBerry on CNBC's "Mad Money Lightning Round" could have further dampened investor confidence in the stock.
• The anticipation of Apple's AI reveal at the Worldwide Developer Conference might have shifted investor focus towards tech giants like Amazon, Microsoft, Alphabet, and Nvidia, leading to a relative neglect of BlackBerry in the market.

13.05.2024 - BB Stock was down 5.2%

• BlackBerry's stock price dropped notably today, potentially affected by the broader weakness seen in the software sector.
• The prevailing negative outlook towards software stocks, driven in part by unsatisfactory financial performances from leading companies like Salesforce and Okta, may have contributed to the downward trend in BB.
• Concerns raised by Jim Cramer regarding BlackBerry and its business performance could have intensified the selling pressure on the stock.
• Investors' attention is currently focused on prominent tech firms heavily involved in AI such as Amazon, Microsoft, Alphabet, and Nvidia. BlackBerry's perceived lack of substantial advancements in this field likely led to diminished investor attraction toward the stock.

12.05.2024 - BB Stock was up 5.3%

• The bullish movement in BlackBerry's stock could be attributed to the overall positive sentiment in the market, with the Dow gaining 0.2% and BlackBerry outperforming the S&P 500's marginal loss.
• Mentioning BlackBerry's rise amidst a market dip could have instilled confidence in investors, leading to increased buying activity and driving the stock price higher.
• Additionally, the anticipation surrounding Apple's upcoming announcement at the WWDC, particularly in the AI space, might have positively influenced tech stocks like BlackBerry, as investors speculate on potential collaborations or advancements in the industry.
• Overall, the combination of market dynamics, positive news sentiment, and sector-wide developments could have contributed to BlackBerry's bullish movement today.

27.05.2024 - BB Stock was up 11.3%

• BlackBerry's stock price rose after revealing stronger Q1 revenues, illustrating a solid demand for cybersecurity services in the face of growing online threats.
• The company's quarterly revenue of $144 million exceeded analysts' average forecast of $134.1 million, indicating a positive growth trend.
• Despite a reduction in stock price target by Baird, BlackBerry's ability to surpass revenue expectations and manage losses has boosted investor confidence, resulting in a positive market trend.
• The uptick in cybersecurity spending by organizations and government entities to address prominent data breaches and malware attacks has increased the need for companies like BlackBerry, contributing to its favorable market performance.

27.05.2024 - BB Stock was up 11.7%

• First-quarter revenues for BlackBerry totaled $144 million, exceeding the anticipated $134.052 million, primarily due to robust performance in its Cybersecurity division.
• BlackBerry's earnings per share (EPS) stood at -3 cents, outperforming the projected -4 cents, signaling improved financial results.
• Investors reacted favorably to the earnings surpass, demonstrating confidence in BlackBerry's capacity to deliver amidst challenges in the cybersecurity sector.
• Recent data breaches in companies such as CDK, UnitedHealth Group, and Live Nation Entertainment may underscore the significance of cybersecurity solutions, potentially further enhancing BlackBerry's stock performance.

27.05.2024 - BB Stock was up 12.3%

• A recent price target cut may have caused some initial uncertainty, but investors appear to have focused on the positive aspects of the latest earnings report.
• Despite a net loss for Q1 2025, BlackBerry's earnings surpassed expectations, leading to increased investor confidence in the company's future.
• The strong performance of BlackBerry's Cybersecurity segment, which exceeded projected figures and boasted a strong gross margin, likely played a role in the stock's upward trend.
• Improved market sentiment towards cybersecurity firms, possibly influenced by recent data breaches at other companies, could be driving the positive movement of BlackBerry's stock.

18.06.2024 - BB Stock was down 5.1%

• Despite efforts to enhance its software offerings through technologies like QNX Containers and CylanceMDR Pro, BlackBerry's stock witnessed a bearish trend.
• The introduction of advanced technologies may not have been enough to alleviate concerns regarding the company's overall financial outlook.
• Investor attention may be inclined towards BlackBerry's past challenges in the mobile devices market and its competitive position in the rapidly changing cybersecurity industry.
• The positive forecast for Solana (SOL) did not show any impact on BlackBerry's stock performance for the day.

05.07.2024 - BB Stock was up 5.9%

• Despite the bullish movement in BlackBerry's stock today, the overall sentiment towards tech stocks seems to be shifting, with investors becoming more cautious.
• The ongoing legal issues and negative news surrounding CrowdStrike (CRWD) may have led investors to seek safer alternatives, potentially driving up BlackBerry's stock.
• The dismissal of the claims against BlackBerry's CEO could have provided some relief to investors, contributing to the bullish movement in the stock.
• As investors reevaluate their tech stock portfolios, BlackBerry's focus on cybersecurity solutions may have positioned it as a more attractive option amidst the current market uncertainties.

13.07.2024 - BB Stock was up 5.1%

• BlackBerry's stock showed a notable increase despite little activity in the overall market.
• Speculation about BlackBerry's potential entry into the cannabis sector following the Alabama Medical Cannabis Commission's licensing decisions may have boosted investor confidence in the company.
• Concerns about declining values of tokens on Binance possibly prompted investors to turn to more traditional options like BlackBerry, driving its upward trajectory.
• BlackBerry's strong showing today may have been bolstered by its resilience and prospects in emerging industries.

15.07.2024 - BB Stock was up 5.4%

• The announcement of a documentary by Mark Wahlberg's production company about BlackBerry's real story could have sparked investor interest and positive sentiment in the company's future prospects.
• Despite a slight decrease in stock price by -0.46%, the overall bullish movement indicates that investors are optimistic about BlackBerry's potential growth and performance.
• The participation of BlackBerry Limited in the KeyBanc Capital Markets 2024 Technology Leadership Forum might have provided insights into the company's strategic direction, reassuring investors and attracting new interest.
• The news of two new cultivation licenses granted by the Alabama Medical Cannabis Commission to companies named Blackberry Farms, LLC could have indirectly boosted BlackBerry's stock, as it shows potential diversification and expansion opportunities for the brand.