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BlackBerry (BB) Stock Moves -0.83%: What You Should Know
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BlackBerry (BB - Free Report) closed the most recent trading day at $4.80, moving -0.83% from the previous trading session. This move was narrower than the S&P 500's daily loss of 1.54%. At the same time, the Dow lost 1.45%, and the tech-heavy Nasdaq lost 0.16%.
Heading into today, shares of the cybersecurity software and services company had gained 4.54% over the past month, outpacing the Computer and Technology sector's gain of 1.63% and trading in line with the S&P 500.
Investors will be hoping for strength from BlackBerry as it approaches its next earnings release.
BB's full-year Zacks Consensus Estimates are calling for earnings of -$0.22 per share and revenue of $688 million. These results would represent year-over-year changes of -120% and -4.18%, respectively.
Investors should also note any recent changes to analyst estimates for BlackBerry. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. BlackBerry currently has a Zacks Rank of #3 (Hold).
The Computer - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 91, which puts it in the top 37% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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BlackBerry (BB) Stock Moves -0.83%: What You Should Know
BlackBerry (BB - Free Report) closed the most recent trading day at $4.80, moving -0.83% from the previous trading session. This move was narrower than the S&P 500's daily loss of 1.54%. At the same time, the Dow lost 1.45%, and the tech-heavy Nasdaq lost 0.16%.
Heading into today, shares of the cybersecurity software and services company had gained 4.54% over the past month, outpacing the Computer and Technology sector's gain of 1.63% and trading in line with the S&P 500.
Investors will be hoping for strength from BlackBerry as it approaches its next earnings release.
BB's full-year Zacks Consensus Estimates are calling for earnings of -$0.22 per share and revenue of $688 million. These results would represent year-over-year changes of -120% and -4.18%, respectively.
Investors should also note any recent changes to analyst estimates for BlackBerry. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. BlackBerry currently has a Zacks Rank of #3 (Hold).
The Computer - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 91, which puts it in the top 37% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.