
TSE:BB
The guidance was weak, and BB faces numerous challenges. But the company is still undergoing a strategic review, following overtures for a takeover. This remains a possibility, but it is hard to endorse on that alone. Fundamentals remain weak and much worse than expected. The balance sheet is OK but its large cash cushion is gone. Cash flow has been negative the past two years. Speculative as a possible takeover, but not really endorseable as a long term holding right now.
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BB is now trading at 4.4x times' Price/Sales. In 4Q-2023, the company’s revenue declined by -18.4% to $151M, in line with the estimates and EPS is -$0.02, beating estimates of -$0.07. The balance sheet is okay, with net debt of $17M. However, the trailing twelve-month cash flow is concerning, as the company generated -$263M.
The company announced a strategic reveiw which has given shares some support but we wouldn't view it as coming from a posiiton of strength and are not sure we see a whole lot of reason to be excited here.
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BlackBerry is a Canadian stock, trading under the symbol BB.TO (previously BB-T on Stockchase) on the Toronto Stock Exchange (BB-CT). It is usually referred to as TSX:BB or BB.TO
In the last year, there was no coverage of BlackBerry published on Stockchase.
BlackBerry was recommended as a Top Pick by Kim Bolton on 2022-06-22. Read the latest stock experts ratings for BlackBerry.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts' recommendations for help on deciding if you should buy, sell or hold the stock.
0 stock analysts on Stockchase covered BlackBerry in the last year. It is a trending stock that is worth watching.
On 2026-06-05, BlackBerry (BB.TO) stock closed at a price of $13.08.
Our PAST TOP PICK with BB has triggered its stop at $5.75. To remain disciplined, we recommend covering the position at this time.