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What's Going On With BlackBerry Stock Wednesday?

Author: Dylan Berman | June 26, 2024 12:32pm

BlackBerry (NYSE:BB) is in the spotlight ahead of earnings Wednesday. Here’s what you need to know.

What To Know: BlackBerry is anticipated to release 2025 fiscal-year first quarter earnings after the market closes Wednesday. Analysts expect a loss of four cents per share and $134.052 million in revenue per data from Benzinga Pro.

For the 2024 fiscal-year fourth quarter, BlackBerry reported adjusted EPS of three cents beating analyst estimates of a loss of three cents. In addition, the company reported revenue at $173 million beating analyst estimates of $154.78 million.

How To Buy BlackBerry Stock

By now you're likely curious about how to participate in the market for BlackBerry (NYSE:BB) – be it to purchase shares, or even attempt to bet against the company.

Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy ‘fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway, or Amazon.com, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so.

In the the case of BlackBerry (NYSE:BB), which is trading at $2.23 as of publishing time, $100 would buy you 44.84 shares of stock.

If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to ‘go short' a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.

See Also: Massive Insider Trade At Ducommun

BB Price Action: At the time of publication, BlackBerry shares are trading 1.34% lower at $2.21, according to data from Benzinga Pro.

Image: Courtesy of BlackBerry

Posted In: BB