BlackBerry (BB, Financial) shares experienced a sharp decline, dropping 5.00%. The stock is currently trading at $2.47 with a trading volume of 4.595 million shares, a turnover rate of 0.78%, and a price fluctuation of 5.22%.
Recent financial results show BlackBerry's revenues at $145 million, with a net loss of $19 million, equating to an earnings per share of -$0.03 and a gross profit of $83 million. The company's price-to-earnings ratio stands at -10.78. Among the nine institutions that rated the stock, 44% recommend buying, while 56% suggest holding, with no sell recommendations.
In the software services sector, where BlackBerry operates, the overall decline is 0.89%. Within this sector, significant gains were seen in stocks like Zapata Computing Holdings Inc and Wag Group Co, while Cemtrex Inc. and Phunware, Inc. were notably active with high turnover rates. Stocks like Zapata Computing Holdings Inc and Surgepays Inc exhibited substantial price fluctuations.
BlackBerry, once known as a leading smartphone manufacturer, has transitioned into a provider of secure communication software. The company now focuses on endpoint management for regulated industries, including government, automotive, healthcare, and industrial markets.
