Stock Track | BlackBerry Plummets 7.08% as Weak Fiscal 2026 Outlook and Analyst Downgrades Spark Selloff

Stock Track04-03

BlackBerry (BB) shares plummeted 7.08% on Thursday, continuing a downward trend that began after the company released its fourth-quarter results and fiscal 2026 outlook. The Canadian technology firm's stock faced significant pressure as investors reacted to disappointing future guidance and subsequent analyst downgrades.

Despite reporting better-than-expected fourth-quarter performance, with revenue reaching $141.7 million and adjusted earnings per share of $0.03, BlackBerry's forward-looking projections fell short of market expectations. The company forecasted fiscal 2026 revenue between $504 million and $534 million, significantly below the consensus estimate of $550.6 million. Additionally, first-quarter guidance disappointed, with projected revenue of $107 million to $115 million, well under the $128.4 million analyst expectation.

Adding to the negative sentiment, major financial institutions lowered their target prices for BlackBerry stock. RBC cut its target price to $3.75 from $4, while CIBC reduced its target to $6 from $7. These downgrades reflect growing concerns about the company's future performance and have likely contributed to the continued downward pressure on the stock price. As BlackBerry struggles to convince investors of its growth prospects, the market appears to be reevaluating the company's valuation in light of its weaker-than-anticipated outlook.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1188314531?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-04-03 21:39","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1188314531","market":"sg","top_or_hot":-1,"title":"Stock Track | BlackBerry Plummets 7.08% as Weak Fiscal 2026 Outlook and Analyst Downgrades Spark Selloff","media":"Stock Track","content":"<p>BlackBerry (BB) shares plummeted 7.08% on Thursday, continuing a downward trend that began after the company released its fourth-quarter results and fiscal 2026 outlook. The Canadian technology firm's stock faced significant pressure as investors reacted to disappointing future guidance and subsequent analyst downgrades.</p>\n\n<p>Despite reporting better-than-expected fourth-quarter performance, with revenue reaching $141.7 million and adjusted earnings per share of $0.03, BlackBerry's forward-looking projections fell short of market expectations. The company forecasted fiscal 2026 revenue between $504 million and $534 million, significantly below the consensus estimate of $550.6 million. Additionally, first-quarter guidance disappointed, with projected revenue of $107 million to $115 million, well under the $128.4 million analyst expectation.</p>\n\n<p>Adding to the negative sentiment, major financial institutions lowered their target prices for BlackBerry stock. RBC cut its target price to $3.75 from $4, while CIBC reduced its target to $6 from $7. These downgrades reflect growing concerns about the company's future performance and have likely contributed to the continued downward pressure on the stock price. As BlackBerry struggles to convince investors of its growth prospects, the market appears to be reevaluating the company's valuation in light of its weaker-than-anticipated outlook.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | BlackBerry Plummets 7.08% as Weak Fiscal 2026 Outlook and Analyst Downgrades Spark Selloff</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | BlackBerry Plummets 7.08% as Weak Fiscal 2026 Outlook and Analyst Downgrades Spark Selloff\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2025-04-03 21:39</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>BlackBerry (BB) shares plummeted 7.08% on Thursday, continuing a downward trend that began after the company released its fourth-quarter results and fiscal 2026 outlook. The Canadian technology firm's stock faced significant pressure as investors reacted to disappointing future guidance and subsequent analyst downgrades.</p>\n\n<p>Despite reporting better-than-expected fourth-quarter performance, with revenue reaching $141.7 million and adjusted earnings per share of $0.03, BlackBerry's forward-looking projections fell short of market expectations. The company forecasted fiscal 2026 revenue between $504 million and $534 million, significantly below the consensus estimate of $550.6 million. Additionally, first-quarter guidance disappointed, with projected revenue of $107 million to $115 million, well under the $128.4 million analyst expectation.</p>\n\n<p>Adding to the negative sentiment, major financial institutions lowered their target prices for BlackBerry stock. RBC cut its target price to $3.75 from $4, while CIBC reduced its target to $6 from $7. These downgrades reflect growing concerns about the company's future performance and have likely contributed to the continued downward pressure on the stock price. As BlackBerry struggles to convince investors of its growth prospects, the market appears to be reevaluating the company's valuation in light of its weaker-than-anticipated outlook.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BB","symbol_name":"黑莓","start_time":0,"source_url":"","article_id":"1188314531","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1188314531","pubTimestamp":1743687553,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"BlackBerry  shares plummeted 7.08% on Thursday, continuing a downward trend that began after the company released its fourth-quarter results and fiscal 2026 outlook. The Canadian technology firm's stock faced significant pressure as investors reacted to disappointing future guidance and subsequent analyst downgrades.Despite reporting better-than-expected fourth-quarter performance, with revenue reaching $141.7 million and adjusted earnings per share of $0.03, BlackBerry's forward-looking project","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BB":"黑莓"},"translate_title":"由于2026财年前景疲弱和分析师下调评级引发抛售，黑莓股价暴跌7.08%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BB":1},"content_text":"BlackBerry (BB) shares plummeted 7.08% on Thursday, continuing a downward trend that began after the company released its fourth-quarter results and fiscal 2026 outlook. The Canadian technology firm's stock faced significant pressure as investors reacted to disappointing future guidance and subsequent analyst downgrades.\nDespite reporting better-than-expected fourth-quarter performance, with revenue reaching $141.7 million and adjusted earnings per share of $0.03, BlackBerry's forward-looking projections fell short of market expectations. The company forecasted fiscal 2026 revenue between $504 million and $534 million, significantly below the consensus estimate of $550.6 million. Additionally, first-quarter guidance disappointed, with projected revenue of $107 million to $115 million, well under the $128.4 million analyst expectation.\nAdding to the negative sentiment, major financial institutions lowered their target prices for BlackBerry stock. RBC cut its target price to $3.75 from $4, while CIBC reduced its target to $6 from $7. These downgrades reflect growing concerns about the company's future performance and have likely contributed to the continued downward pressure on the stock price. As BlackBerry struggles to convince investors of its growth prospects, the market appears to be reevaluating the company's valuation in light of its weaker-than-anticipated outlook.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.12","shortVersion":"4.35.12","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1188314531","isCrawlerRequest":true}