BlackBerry Limited (BB) News

You would think the BB boat is now in a position to rise and fall with the market?
Trying to identify a short term catalyst now. Finding it difficult

GLTA

https://finance.yahoo.com/quote/BB/?fr=sycsrp_catchall

Guess the software isn't accounting for half-day closes.   Now it's saying the 1:00 pm close is $3.96.   But I definitely saw $3.93 earlier.   Stepping away now...LOL. Merry X-mas all.

Looks like it closed at $3.93. Another green day. I'll take it!

Yup it is half day. Less than 30 minutes to make $4 happen. But I'm happy that it looks to be another green day today.

Wow. It almost touched $4. We still have time (unless it's a half-day trading day).

Come on $4!
GLTA

Maybe they'll even say it's a STRONG BUY!

Heh guess they were being a bit cautious based on past BB performance. Next target I'll look for them to shoot a bit higher.

LOL!
.21 cents before they have to raise their target
Merry Christmas!

GLTA

$3.79 close. NICE!!!!

I hope it won't be long.

How long before they have to raise it again?

“The investment bank also lifted its price target on the stock to $4 from $3.25.

GLTU

TD Cowen upgrades Blackberry to Buy after solid Q3 report.   https://finance.yahoo.com/news/td-cowen-upgrades-blackberry-buy-125826795.html

$3.75 at 7:30 AM premarket boyz
Merry Christmas

GLTA

Yes it is. Good luck and Happy Holidays to you as well.

As of today our average down strategy is looking good

GLTU mate and Happy Holidays

My break even price is $4.77. Just a buck and some change away.

Yes indeed! :)
But another .90 cents a share to get my nose above the water line.
But NO complaints here
GLTA

What I take most out of that report is that we can trust what management says going forward. HUGE!

GLTA

Yes indeed. Closed at $3.69. I'll take it.

I just imagine the giant smiles you guys have now! 😁
Me too, just I would've gotten more. 

Just a week ago I was begging BB not to go below $2.70 and now it briefly touched $3.70.

Hitting the $3.70 zone...woot woot!

$3.59

$3.58 high of day so far.

Oh my. The price has exceeded both our targets...so far!

Damn otterman I thought you were joking.
Just looked
SWEEEEEEET!

GLTU

3.35

$2.96 now

That's a crazy dip. Hoping that's not indicator of how the day will go.

Good skinny thank you
What disturbs me is I didn’t notice a jump in PPS aftermarket or as of 5 AM an actual price drop! To $2.83!?
CAN’T be right! Can it?!?!?

GLTA

Cyber Division Records 5th Consecutive Quarter of Increasing DBNRR. Had to look that acronym up. DBNRR stands for Dollar Based Net Retention Rate and shows how well they retain their existing customers and grow the revenue from these existing customers. That's a good stat to track.

That would be amazing....and would love $4 before the New Year.

Upping you to $3.50

GLTA

Very nice revenue beats...

I'll randomly say $3.25.

Ooops forgot to copy

BlackBerry Reports Third Quarter Fiscal Year 2025 Results
•Beats top end of revenue guidance range for both Cybersecurity1 and IoT divisions; raises bottom end of full-year guidance range for IoT
•Delivers positive adjusted EBITDA1 and adjusted EPS1 above guidance range; GAAP basic EPS improves both sequentially and year-over-year
•Achieves milestone of positive operating and free cash flow ahead of schedule

Catalyst baby!

Anyone care to guess where we close tomorrow?
Mahahahaha

GLTA

Almost showtime.

Uggh...come on catalyst.

Not to sound greedy, but damn, why a market meltdown the day before we report!?
Let’s hope for a catalyst today boyz!

GLTA

https://finance.yahoo.com/news/cylance-sale-win-blackberry-bb-153431777.html
Kind of an echo from Sid

Like the second part if this

“The company is set to receive $160 million in cash for the company, in addition to the 5.5 million common shares of Arctic Wolf.

It will still have exposure to Cylance through the Arctic Wolf stock it is receiving as part of the deal. Perhaps that’s why the stock went up a massive 14% after the news.

From Morningstar. I believe they will have to raise their target again after Thursday

“BlackBerry: Cylance Divestment Shows Positive Strategic Focus; We Raise Our Valuation to USD 3.80


William Kerwin
Dec 17, 2024

It is nice to see the price close up two days in a row.   It's been awhile.   

Classic BB behavior.   Always moving to its own beat.  

In a down market up 3.25 %!
Just, WOW!

Man if they have more good news Thursday, well……

GLTA

Still looking great!!

So excited I could pee!
Up 3% at market open!

GLTA

Hope we get more clarification on Thursday

“Arctic Wolf will trade 5.5 million shares of its own privately held stock (presumably worth about $40 million), and also pay $80 million in cash at closing, to acquire Cylance. Approximately one year after closing, Arctic Wolf will make a final payment of $40 million.

It's not 100% clear what Arctic Wolf will get in return. BlackBerry notes that it will be keeping its "Secure Communications portfolio of businesses," which are part of the cybersecurity division that generates $378 million in annual revenue. How much revenue BlackBerry loses with Cylance is therefore the big question for investors. If Cylance is still generating $189 million or so annually (as reported in 2021), the valuation of the sale might be 0.8 times sales. If Cylance generates the bulk of BlackBerry's sales today, then the valuation on this sale could be as low as 0.4 times annual sales.

Either way, considering BlackBerry stock itself sells for 2.5x sales, this suggests BlackBerry isn't getting a great price. After the sale, most revenue will come from licensing fees and IoT: about $475 million annually.

GLTA