BlackBerry Limited (NYSE:BB ) Q1 2025 Earnings Call Transcript June 26, 2024 5:30 AM ET Company Participants Tim Foote - CFO Cybersecurity Division and Head of IR John Giamatteo - CEO Steve Rai - CFO Conference Call Participants Luke Junk - Baird Paul Treiber - RBC Capital Markets Todd Copeland - CIBC Kingsley Crane - Canaccord Genuity Operator Good afternoon, and welcome to the BlackBerry First Quarter Fiscal Year 2025 Results Conference call. My name is Carl and I'll be your conference moderator for today's call.
Canada's BlackBerry , beat first-quarter revenue estimates on Wednesday, driven by a resilient demand for cybersecurity services in the wake of growing online threats.
BlackBerry Ltd. on Wednesday posted a loss for the latest quarter, but it was one that came in narrower than expected as the company works toward returning to adjusted profitability.
BlackBerry Limited had a chance to raise millions of dollars but did not do so in the quarter. Ahead of the quarterly report, shares dropped below the 50-day moving average after a GME meme-inspired rally, down 16.5% in the last quarter. Investors expressed concerns ahead of BlackBerry Limited's Q1 results.
BlackBerry's (BB) first-quarter Cybersecurity revenues are anticipated to have been affected due to the ongoing budget constraints by some of its leading government customers.
The meme stocks are back, but should you get involved? This group of stocks shouldn't be too quickly dismissed.
BlackBerry (BB) closed at $2.77 in the latest trading session, marking a +0.36% move from the prior day.
In recent weeks, many if not most software stocks have fallen sharply. Providing evidence for that assertion, the iShares Expanded Tech-Software ETF (NYSEMKT: IGV ) sank from $85.13 on May 20 to $80.43 on Jun. 7.
BlackBerry (BB) concluded the recent trading session at $2.81, signifying a +0.72% move from its prior day's close.
Among the thousands of names in “penny stock territory” (stocks trading for $5 per share or less), there may be a handful where the potential rewards outweigh high volatility and risk. However, against this small group of strong opportunities are scores and scores of penny stocks to avoid.
As a general rule of thumb, investors should stay away from meme stocks to avoid. Once a company becomes genuinely classified as a meme stock, an entire community of online traders can leverage communication and aggregate resources to manipulate a stock's value.
In the latest trading session, BlackBerry (BB) closed at $2.88, marking a +1.41% move from the previous day.