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Updated 1d ago
BB logo

BlackBerry LimitedTSX:BB Stock Report

Market Cap CA$6.3b
Updated 1d ago
Share Price
n/a
1Y92.1%
7D6.4%
1D3.9%
Portfolio Value
​
View

BlackBerry Limited

TSX:BB Stock Report

Market Cap: CA$6.3b

  • Company Overview
    • Valuation
    • Future Growth
    • Past Performance
    • Financial Health
    • Dividend
  • Management
  • Ownership
  • Other Information
  • Stock Community

BlackBerry (BB) Stock Overview

Provides intelligent software and services to enterprises and governments worldwide. More details

BB fundamental analysis
Snowflake Score
Valuation1/6
Future Growth4/6
Past Performance5/6
Financial Health6/6
Dividends0/6

Rewards

Trading at 1.6% below our estimate of its fair value

Earnings are forecast to grow 23.33% per year

Earnings grew by 504% over the past year

Risk Analysis

Significant insider selling over the past 3 months


BB Community Fair Values

Create Narrative

See what 100 others think this stock is worth. Follow their fair value or set your own to get alerts.

Analyst Price Targets

AN
AnalystConsensusTarget
2.1% undervalued intrinsic discount
AnalystConsensusTarget
•1mo ago

Advanced Driver Assistance Adoption Will Strengthen Safety Software And Support Long Term Earnings Durability

822
0
14
AN
AnalystLowTarget
50.4% overvalued intrinsic discount
AnalystLowTarget
•2mo ago

Rising Operating Costs And Slower Design Wins Will Pressure Long Term Prospects

62
0
0
AN
AnalystHighTarget
34.7% undervalued intrinsic discount
AnalystHighTarget
•2mo ago

Software Defined Vehicles And Secure Communications Will Support Long Term Upside Potential

33
0
1

Top Community Narratives

BB logo
BlackBerry
31.4% undervalued intrinsic discount

Accidental transformation from Phones to Physical AI.

View narrative
AR
artoflosing
artoflosing
Published 26 May
Read Narrative

Top Community Narratives

BB logo
BlackBerry
31.4% undervalued intrinsic discount

Accidental transformation from Phones to Physical AI.

View narrative
AR
artoflosing
artoflosing
Published 26 May
Read Narrative

Top Analyst Narratives

AN
AnalystConsensusTarget
2.1% undervalued intrinsic discount
AnalystConsensusTarget
•1mo ago

Advanced Driver Assistance Adoption Will Strengthen Safety Software And Support Long Term Earnings Durability

822
0
14
AN
AnalystLowTarget
50.4% overvalued intrinsic discount
AnalystLowTarget
•2mo ago

Rising Operating Costs And Slower Design Wins Will Pressure Long Term Prospects

62
0
0
AN
AnalystHighTarget
34.7% undervalued intrinsic discount
AnalystHighTarget
•2mo ago

Software Defined Vehicles And Secure Communications Will Support Long Term Upside Potential

33
0
1
View all narratives

BlackBerry Limited Competitors

Tecsys

Symbol: TSX:TCS
Market cap: CA$472.6m

Descartes Systems Group

Symbol: TSX:DSG
Market cap: CA$9.5b

Kinaxis

Symbol: TSX:KXS
Market cap: CA$4.8b

Topicus.com

Symbol: TSXV:TOI
Market cap: CA$7.5b

Price History & Performance

Summary of share price highs, lows and changes for BlackBerry
Historical stock prices
Current Share PriceCA$11.12
52 Week HighCA$18.45
52 Week LowCA$4.35
Beta1.44
1 Month Change-6.79%
3 Month Change-7.72%
1 Year Change92.06%
3 Year Change60.69%
5 Year Change-17.26%
Change since IPO625.22%

Recent News & Updates

User avatar
Narrative Update • Jul 24

BB: Physical AI And Secure Communications Momentum Will Need To Sustain Rich Premium

Analysts have lifted the BlackBerry fair value estimate from CA$10.22 to CA$11.36, reflecting higher projected revenue growth and a richer future P/E assumption. This change is partly informed by recent Street research that highlights stronger Q1 results, improved outlooks for QNX and secure communications, and BlackBerry's positioning in physical AI.

Recent updates

User avatar
Narrative Update • Jul 24

BB: Physical AI And Secure Communications Momentum Will Need To Sustain Rich Premium

Analysts have lifted the BlackBerry fair value estimate from CA$10.22 to CA$11.36, reflecting higher projected revenue growth and a richer future P/E assumption. This change is partly informed by recent Street research that highlights stronger Q1 results, improved outlooks for QNX and secure communications, and BlackBerry's positioning in physical AI.
User avatar
Narrative Update • Jul 10

BB: QNX And Physical AI Hype Will Likely Constrain Future Returns

Analysts have lifted the BlackBerry fair value estimate from about CA$5.67 to roughly CA$7.39, citing stronger than expected recent results, improved profitability expectations, and a series of higher price targets that reflect confidence in both its secure communications and QNX businesses. Analyst Commentary Recent Street research on BlackBerry reflects a mix of optimism and caution, with higher price targets sitting alongside concerns about how much of the good news is already reflected in the share price and whether execution can keep pace with expectations.
User avatar
New Narrative • Jul 09

Software Defined Vehicles And Secure Communications Will Support Long Term Upside Potential

Catalysts About BlackBerry BlackBerry provides software for safety critical embedded systems and secure communications for governments and regulated industries. What are the underlying business or industry changes driving this perspective?
User avatar
Narrative Update • Jun 26

BB: QNX And Secure Communications Momentum Will Struggle To Justify Current Premium

BlackBerry's implied fair value has moved from CA$5.68 to CA$10.22 as analysts lift price targets into a CA$9.50 to CA$12.00 range. They cite stronger profitability, higher assumed revenue growth and margins, and a richer future P/E multiple supported by QNX and secure communications momentum.
User avatar
New Narrative • Jun 25

Rising Operating Costs And Slower Design Wins Will Pressure Long Term Prospects

Catalysts About BlackBerry BlackBerry provides software for safety critical operating systems, secure communications and licensing, with a focus on QNX and mission critical government and industrial customers. What are the underlying business or industry changes driving this perspective?
Analysis Article • Jun 16

BlackBerry (TSX:BB) Stock Could Be 20% Undervalued After QNX Growth Draws Fresh Attention

BlackBerry (TSX:BB) has been back in the spotlight after Jim Cramer highlighted the stock on Mad Money, pointing to its automotive technology and the expansion of QNX into industrial and medical markets as reasons for renewed investor interest. See our latest analysis for BlackBerry. That attention has coincided with a sharp shift in market sentiment, with BlackBerry’s 30 day share price return of 52.59% and 90 day share price return of 184.43% standing out against a 1 year total shareholder...
User avatar
New Narrative • May 26

Accidental transformation from Phones to Physical AI.

The Funeral That Never Happened Everyone had already written the obituary. BlackBerry, once worth $83 billion, once the phone that presidents carried, was supposed to be dead.
Analysis Article • Jul 09

Analysts Just Made A Significant Upgrade To Their BlackBerry Limited (TSE:BB) Forecasts

BlackBerry Limited ( TSE:BB ) shareholders will have a reason to smile today, with the analysts making substantial...
Analysis Article • May 25

Is BlackBerry (TSE:BB) Weighed On By Its Debt Load?

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Analysis Article • Feb 22

Is BlackBerry (TSE:BB) Using Debt In A Risky Way?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...

Shareholder Returns

BBCA SoftwareCA Market
7D6.4%2.5%0.7%
1Y92.1%-31.9%22.6%

Return vs Industry: BB exceeded the Canadian Software industry which returned -31.9% over the past year.

Return vs Market: BB exceeded the Canadian Market which returned 22.6% over the past year.

Price Volatility

Is BB's price volatile compared to industry and market?
BB volatility
BB Average Weekly Movement10.5%
Software Industry Average Movement10.0%
Market Average Movement9.1%
10% most volatile stocks in CA Market16.0%
10% least volatile stocks in CA Market3.6%

Stable Share Price: BB has not had significant price volatility in the past 3 months compared to the Canadian market.

Volatility Over Time: BB's weekly volatility (10%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19841,749John Giamatteowww.blackberry.com

BlackBerry Limited provides intelligent software and services to enterprises and governments worldwide. The company operates through three segments: Secure Communications, QNX, and Licensing. The company offers BlackBerry Dynamics, a development platform and secure container for mobile applications; BlackBerry Workspaces a secure Enterprise File Sync and Share (EFSS) solution; BlackBerry Messenger (BBM) Enterprise, an enterprise-grade secure instant messaging solution for messaging, voice, and video; BlackBerry SecuSUITE, a multi-OS voice and text messaging solution; BlackBerry AtHoc, a secure networked critical event management solution; and BlackBerry unified endpoint management (UEM) solutions.

BlackBerry Limited Fundamentals Summary

How do BlackBerry's earnings and revenue compare to its market cap?
BB fundamental statistics
Market capCA$6.27b
Earnings (TTM)CA$83.65m
Revenue (TTM)CA$811.77m
77.9x
P/E Ratio
8.0x
P/S Ratio

Is BB overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
BB income statement (TTM)
RevenueUS$580.30m
Cost of RevenueUS$132.70m
Gross ProfitUS$447.60m
Other ExpensesUS$387.80m
EarningsUS$59.80m

Last Reported Earnings

May 31, 2026

Next Earnings Date

Sep 24, 2026

Earnings per share (EPS)0.10
Gross Margin77.13%
Net Profit Margin10.31%
Debt/Equity Ratio26.2%

How did BB perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/17 04:12
End of Day Share Price 2026/09/17 00:00
Earnings2026/05/31
Annual Earnings2026/02/28

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
  • SEC Form 10-K
  • SEC Form 10-Q
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
  • Analyst Research Reports
  • Blue Matrix
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
  • ICE Market Data
  • SEC Form S-1
Ownership10 years
  • Top shareholders
  • Insider trading
  • SEC Form 4
  • SEC Form 13D
Management10 years
  • Leadership team
  • Board of directors
  • SEC Form 10-K
  • SEC Form DEF 14A
Key Developments10 years
  • Company announcements
  • SEC Form 8-K

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

BlackBerry Limited is covered by 43 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Jim MarroneAccountability Research Corporation
Richard KramerArete Research Services LLP
Richard TseATB Cormark Historical (Cormark Securities)

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