BB
BlackBerry LimitedTechnologySoftware - InfrastructureRisk-First
$6.08 · 15min delay
β 1.47A steady mid-cap risk-flagged situation trading at a premium valuation.
52-wk low $3.1252-wk high $6.61
Mkt Cap
$3.57B
P/E
—
PEG
2.70
P/B
4.79
Dividend
—
ROE
7.3%
About the business
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. It also provides BlackBerry Certicom, a patented elliptic curve cryptography, which provides device security, anti-counterfeiting, and product authentication solutions; BlackBerry Radar offers asset monitoring and telematics solutions for transportation and logistics; and BlackBerry Development Platform, an enterprise-grade toolset. In addition, the company offers enterprise consulting and engineering consulting services. Further, it is involved in patent licensing. The company was formerly known as Research In Motion Limited and changed its name to BlackBerry Limited in July 2013. BlackBerry Limited was incorporated in 1984 and is headquartered in Waterloo, Canada.
Who would buy BB?
Consensus 24/100 · Mixed · Investors are split.
2 9 4
Endorses
· 2 frameworks- Howard Marks· Marks Risk-First100/100
Debt/Equity < 0.5 0.30 clears "< 0.50".
- Dividend Growth School· Dividend Income80/100
Payout Ratio < 70% 0.0% clears "< 70.0%".
Rejects
· 3 frameworks- Fama / French
Insider activity · Negative
Insider selling outweighs buying
Strength 55/100
4 insiders sold $1.7M on a discretionary basis. Discretionary selling carries more signal than planned disposals, but insiders sell for many non-thesis reasons (taxes, diversification, life events) — do not over-read it.
In Prism's context
Insider selling is worth flagging but insiders sell for many non-thesis reasons. Read alongside the framework verdict (Fails criteria).
| Insider | Role | Type | Date | Shares | Avg price | Value | Own |
|---|---|---|---|---|---|---|---|
| KURTZ PHILIP SIMON | Officer | Open-market sell | Apr 2, 2026 | 4,079 | $3.56 | $15K | Direct |
| ARMSTRONG-OWEN JENNIFER | Officer | Open-market sell | Apr 2, 2026 | 32,796 | $3.56 | $117K | Direct |
| FOOTE TIM | Chief Financial Officer | Open-market sell | Apr 2, 2026 | 9,230 | $3.56 | $33K | Direct |
| GIAMATTEO JOHN JOSEPH | Officer and Director | Open-market sell | Apr 2, 2026 | 27,066 | $3.56 | $96K | Direct |
| GIAMATTEO JOHN JOSEPH | Officer and Director | Transaction | Apr 2, 2026 | 66,372 | — | — | Direct |
| KURTZ PHILIP SIMON | Officer | Transaction | Apr 2, 2026 | 7,375 | — | — | Direct |
| ARMSTRONG-OWEN JENNIFER | Officer | Transaction | Apr 2, 2026 | 78,484 | — | — | Direct |
| FOOTE TIM | Chief Financial Officer | Transaction | Apr 2, 2026 | 27,629 | — | — | Direct |
| FOOTE TIM | Chief Financial Officer | Open-market sell | Jan 6, 2026 | 2,445 | $3.88 | $9K | Direct |
| GIAMATTEO JOHN JOSEPH | Officer and Director | Open-market sell | Jan 6, 2026 | 87,723 | $3.88 | $340K | Direct |
| GIAMATTEO JOHN JOSEPH | Officer and Director | Transaction | Jan 6, 2026 | 209,515 | — | — | Direct |
| FOOTE TIM | Chief Financial Officer | Transaction | Jan 6, 2026 | 6,983 | — | — | Direct |
| KURTZ PHILIP SIMON | Officer | Open-market sell | Jan 2, 2026 | 11,121 | $3.89 | $43K | Direct |
| ARMSTRONG-OWEN JENNIFER | Officer | Open-market sell | Jan 2, 2026 | 3,227 | $3.82 | $12K | Direct |
| FOOTE TIM | Chief Financial Officer | Open-market sell | Jan 2, 2026 | 28,600 | $3.82 | $109K | Direct |
| GIAMATTEO JOHN JOSEPH | Officer and Director | Open-market sell | Jan 2, 2026 | 231,765 | $3.82 | $885K | Direct |
| GIAMATTEO JOHN JOSEPH | Officer and Director | Transaction | Jan 2, 2026 | 401,649 | — | — | Direct |
| KURTZ PHILIP SIMON | Officer | Transaction | Jan 2, 2026 | 26,811 | — | — | Direct |
| ARMSTRONG-OWEN JENNIFER | Officer | Transaction | Jan 2, 2026 | 6,146 | — | — | Direct |
| FOOTE TIM | Chief Financial Officer | Transaction | Jan 2, 2026 | 47,138 | — | — | Direct |
Insider activity from Yahoo Finance (quoteSummary: insiderTransactions + netSharePurchaseActivity). Cached 6 hours. · Insiders hold 0.4% of shares outstanding.
Net 6M: +0 sh
Price history
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Drag across the chart to select a custom period — all analysis below refocuses to that window.
What this means: A significant rerating — the valuation-sensitive frameworks below will have tightened since this move.
What would BB do to your portfolio?
Add BlackBerry Limited at a hypothetical weight and Prism recalculates your whole book:
Risk metrics
Sharpe, Sortino, volatility, max drawdown, beta — before and after.
Sector concentration
How much this shifts your top sector weight and overall diversification.
Archetype tilt
Whether this leans your book more toward Quality, Value, Growth, Deep Value, Income, or Momentum.
BB is currently tagged:Risk-FirstFails criteria (24/100)
Portfolio analytics are part of the member experience.
Sign in to run this simulationProbabilistic recommendation· rec-v1.0.0-2026-04
BlackBerry Limited · BB
BB: 51% estimated probability of outperforming over the next 12M window. 2 of 6 signal families positive (medium confidence). Strongest support: D/E 0.30. Main risk to monitor: 347% above fair value.
Outperform prob.
51%
vs S&P 500 · 12M
Expected return
-6.5% → +17.5%
mid +5.5% / yr
Downside (p20)
-17.6%
stress -35.2%
Data quality
95/100
Excellent
Prism Score
Probabilistic research output, not financial advice. Prism recommendations are based on available data, historical relationships, and model assumptions. They do not guarantee future returns. Conduct independent due diligence before any investment decision.
Backtested and similar-setup statistics may be affected by survivorship bias, look-ahead bias, overfitting, transaction costs, liquidity constraints, and data limitations. Probability estimates are anchored heuristics — not validated forecasts — until the walk-forward backtest pipeline is in place.
Prism Score
Composite 52/100. Strongest contribution from quality; weakest from valuation.
Composite
52
/ 100
Deep valueval.
50/ 100
P/B 4.79× · FCF yield 1.2%
Margin of safetyval.
0/ 100
347% above fair value
Bull · base · bear scenarios
Three plausible paths over a 5-year horizon.
Indicative only. Probabilities are model-implied weights for stress-testing — not forecasts.
Bull
~20%$1.77
-21.9% / yr (5y)
A turnaround takes hold: margin recovers toward peer averages, revenue stabilises, and the market re-prices the asset value rather than the running earnings.
Drivers
- • Margin expands by 200–400 bps from 17%
- • Stranded asset value crystallises
- • Multiple re-rates one full turn higher
Base
~45%$1.36
-25.9% / yr (5y)
No deterioration, no surprise re-acceleration. 17% operating margin and 10% top-line growth chug along; the multiple slowly converges to the central fair-value estimate.
Global value comparison
BlackBerry Limited vs sector medians — GCC, MENA, and Global ex-US.
Sector: Technology. MENA-aware investors can sanity-check whether the US name is offering value relative to regional peers.
| Metric | BB | GCC median | MENA median | Global ex-US |
|---|---|---|---|---|
| P/E (TTM) | — | 22.0× | — | 23.0× |
| P/B | 4.79× | 4.00× | — | 4.50× |
| Dividend yield | — | 1.00% | — | 1.40% |
| ROE | 7.3% |
Earnings reaction explainer
BB blew past estimates by 125.0%.
Reported EPS $0.06 vs $0.03 expected — well outside the normal beat-and-raise band. The market typically rewards a print this size only if it is read as durable, not one-off. Trailing operating margin: 17.4%.
- Growth investorsPositive
Confirms operating leverage — 0% trailing EPS growth + a beat of this size is the pattern that drives multi-year re-rates.
- Quality investorsPositive
If ROE (7%) and operating margin (17%) are stable or rising, the beat is consistent with compounding rather than one-off.
- Value investorsNegative
Outsized beats on thin trailing quality often invite multiple expansion that doesn't survive the next print.
News & events
Next earnings
Thu, Jun 25 · consensus EPS $0.03 · last actual $0.06
Key Metrics at a Glance
P/E Ratio (TTM)
N/A
PEG Ratio
2.70
P/B Ratio
4.79
EPS Growth
N/A
Revenue Growth
10.1%
Debt / Equity
0.30
Net Cash / Share
$0.23
Return on Equity
7.3%
Gross Margin
76.2%
Operating Margin
17.4%
FCF / Share
$0.07
Current Ratio
2.12