BLACKBERRY Ltd (BB) Stock Analysis — April 2026 Rating, Price, and Forecast
Company Overview — What Does BLACKBERRY Ltd Do?
BlackBerry Limited provides intelligent security software and services to enterprises and governments worldwide. The company operates through three segments: Cybersecurity, IoT, and Licensing and Other. The company offers BlackBerry Cyber Suite, which provides Cylance AI and machine learning-based cybersecurity solutions, including BlackBerry Protect, an EPP and available MTD solution; BlackBerry Optics, an EDR solution that provides visibility into and prevention of malicious activity; BlackBerry Guard, a managed detection and response solution; BlackBerry Gateway, an AI-empowered ZTNA solution; and BlackBerry Persona, a UEBA solution that provides authentication by validating user identity in real time. It also provides BlackBerry Spark Unified Endpoint Management Suite, such as BlackBerry UEM, a central software component of its secure communications platform; BlackBerry Dynamics that provides a development platform and secure container for mobile applications; BlackBerry AtHoc and BlackBerry Alert secure and networked critical event management solutions; and SecuSUITE for Government, a multi-OS voice and text messaging solution, as well as BBM Enterprise, an enterprise-grade secure instant messaging solution. In addition, the company offers BlackBerry QNX, which provides Neutrino operating system and BlackBerry QNX CAR platform, and other products; BlackBerry QNX, an embedded system solution; BlackBerry Jarvis, a cloud-based binary static application security testing platform; BlackBerry Certicom cryptography and management products, and BlackBerry Radar asset monitoring solution; and BlackBerry IVY, an intelligent vehicle data platform, as well as enterprise and cybersecurity consulting services. Further, it is involved in the patent licensing and legacy service access fees business. As of February 28, 2022, it owned approximately 38,000 worldwide patents and applications. BlackBerry Limited was incorporated in 1984 and is headquartered in Waterloo, Canada. BLACKBERRY Ltd (BB) is classified as a small-cap stock in the Technology sector, specifically within the Computer Software industry. The company is led by CEO John S. Chen and employs approximately 3,320 people, headquartered in Waterloo, Ontario. With a market capitalization of $2.0B, BB is one of the notable companies in the Technology sector.
BLACKBERRY Ltd (BB) Stock Rating — Hold (April 2026)
As of April 2026, BLACKBERRY Ltd receives a Hold rating with a composite score of 40.7/100 and 3 out of 5 stars from the Blank Capital Research quantitative model.BB ranks #1,062 out of 4,446 stocks in our coverage universe. Within the Technology sector, BLACKBERRY Ltd ranks #103 of 584 stocks, placing it in the top quartile of its Technology peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).
BB Stock Price and 52-Week Range
BLACKBERRY Ltd (BB) currently trades at $3.85. The stock gained $0.03 (0.8%) in the most recent trading session. The 52-week high for BB is $5.32, which means the stock is currently trading -27.6% from its annual peak. The 52-week low is $2.80, putting the stock 37.5% above its annual trough. Recent trading volume was 20.6M shares, indicating strong institutional interest and high liquidity.
Is BB Overvalued or Undervalued? — Valuation Analysis
BLACKBERRY Ltd (BB) carries a value factor score of 53/100 in the Blank Capital model, indicating fair valuation relative to historical norms. The trailing price-to-earnings ratio is 111.61x, compared to the Technology sector average of 45.27x — a premium of 147%. The price-to-book ratio stands at 2.77x, versus the sector average of 3.16x. The price-to-sales ratio is 3.83x, compared to 1.06x for the average Technology stock. On an enterprise value basis, BB trades at 26.22x EV/EBITDA, versus 12.79x for the sector.
Overall, BB's valuation appears roughly in line with sector benchmarks, suggesting the market is pricing the stock fairly given its current fundamentals and growth trajectory. Neither deep value nor significantly overpriced, the stock occupies a middle ground on valuation.
BLACKBERRY Ltd Profitability — ROE, Margins, and Quality Score
BLACKBERRY Ltd (BB) earns a quality factor score of 37/100, signaling below-average profitability metrics relative to the broader market. The return on equity (ROE) is 2.5%, compared to the Technology sector average of -1.4%, which is below typical expectations for high-quality companies. Return on assets (ROA) comes in at 1.5% versus the sector average of -1.0%.
On a margin basis, BLACKBERRY Ltd reports gross margins of 75.9%, compared to 50.9% for the sector. The operating margin is 6.8% (sector: -0.5%). Net profit margin stands at 7.8%, versus -1.5% for the average Technology stock. Revenue growth is running at -1.0% on a trailing basis, compared to 14.2% for the sector. Profitability is below benchmark levels, which may reflect industry headwinds, elevated reinvestment, or structural challenges.
BB Debt, Balance Sheet, and Financial Health
BLACKBERRY Ltd has a debt-to-equity ratio of 26.0%, compared to the Technology sector average of 43.0%. The low leverage indicates a conservative balance sheet with significant financial flexibility. Total debt on the balance sheet is $196M. Cash and equivalents stand at $270M.
BB has a beta of 1.27, meaning it is more volatile than the broader market — a $10,000 investment in BB would be expected to move 27.3% more than the S&P 500 on any given day. The stability factor score for BLACKBERRY Ltd is 55/100, reflecting average volatility within the normal range for its sector.
BLACKBERRY Ltd Revenue and Earnings History — Quarterly Trend
In TTM 2026, BLACKBERRY Ltd reported revenue of $537M and earnings per share (EPS) of $-0.02. Net income for the quarter was $18M. Gross margin was 75.9%. Operating income came in at $45M.
In Q3 2025, BLACKBERRY Ltd reported revenue of $144M and earnings per share (EPS) of $-0.02. Net income for the quarter was $-11M. Gross margin was 77.5%. Operating income came in at $20M.
In Q3 2026, BLACKBERRY Ltd reported revenue of $142M and earnings per share (EPS) of $0.02. Net income for the quarter was $14M. Gross margin was 77.5%. Revenue grew -1.3% year-over-year compared to Q3 2025. Operating income came in at $12M.
In Q2 2026, BLACKBERRY Ltd reported revenue of $130M and earnings per share (EPS) of $0.02. Net income for the quarter was $13M. Gross margin was 74.5%. Revenue grew -10.6% year-over-year compared to Q2 2025. Operating income came in at $12M.
Over the past 8 quarters, BLACKBERRY Ltd has demonstrated a growth trajectory, with revenue expanding from $144M to $537M. Investors analyzing BB stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.
BB Dividend Yield and Income Analysis
BLACKBERRY Ltd (BB) does not currently pay a dividend. This is common among smaller companies in the Computer Software industry that prefer to reinvest cash flows into business expansion rather than returning capital to shareholders. Income-focused investors looking for Technology dividend stocks may want to explore other Technology stocks or use the stock screener to filter by dividend yield.
BB Momentum and Technical Analysis Profile
BLACKBERRY Ltd (BB) has a momentum factor score of 33/100, signaling weak relative price performance. Stocks with low momentum scores have historically tended to continue underperforming in the near term. The investment factor score is 69/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 14/100 signals elevated short interest, which can indicate bearish sentiment among institutional investors.
BB vs Competitors — Technology Sector Ranking and Peer Comparison
Within the Technology sector, BLACKBERRY Ltd (BB) ranks #103 out of 584 stocks based on the Blank Capital composite score. This places BB in the top quartile of all Technology stocks in our coverage universe. Key competitors and sector peers include IHS Holding Ltd (IHS) with a score of 55.0/100, VERISIGN INC/CA (VRSN) with a score of 56.0/100, ESCO TECHNOLOGIES INC (ESE) with a score of 51.7/100, CareCloud, Inc. (CCLD) with a score of 46.9/100, and MMTec, Inc. (MTC) with a score of 47.4/100.
Comparing BB against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full BB vs S&P 500 (SPY) comparison to assess how BLACKBERRY Ltd stacks up against the broader market across all factor dimensions.
BB Next Earnings Date
No upcoming earnings date has been announced for BLACKBERRY Ltd (BB) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.
Should You Buy BB? — Investment Thesis Summary
BLACKBERRY Ltd presents a balanced picture with arguments on both sides. The quality score of 37/100 flags below-average profitability. Momentum is weak at 33/100, a headwind for near-term performance.
In summary, BLACKBERRY Ltd (BB) earns a Hold rating with a composite score of 40.7/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on BB stock.
Related Resources for BB Investors
Explore more research and tools: BB vs S&P 500 comparison, top Technology stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare BB head-to-head with peers: BB vs IHS, BB vs VRSN, BB vs ESE.