2026-10-25
BlackBerry clears the business-activity screen and the figures we can measure look clean, but one or more financial figures are still pending, so the verdict is not final yet.
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latest tape · as of 16:01 UTC
The Screen · Technology · Software - Infrastructure
BlackBerry Limited
BB · the NYSE · USD · Market cap $5.2B · 1,749 employees
BlackBerry Limited provides intelligent software and services to enterprises and governments worldwide.
Not yet scored8.92 USD
Price as of 23 Oct 2026Daily close, not a live quoteLast reviewed 5 days ago
Screened 2026-10-23 · the tape above runs as of 16:01 UTC · two dates, stated on purpose · verdict and workings shown in full · never trimmed
Key facts today
- Price8.92 USD at the 23 Oct 2026 close
- Ethical screenNot yet scored
- OptionsOpen interest leans heavily to calls (put/call 0.17)
- Last reviewed23 Oct 2026 (5 days ago)
A summary of the dated readings below, not a live quote and not advice.
PRICE · FAIR-VALUE RANGE1M3M6MYTD1Y3Y5Y
What this means: price 8.92 against the desk's fair-value range, base estimate 7.81, over the last year.
- Trend Markup
- Insiders insiders sold, $2,284,660, latest filing 2026-10-21
- Positioning no disclosures inside 60 days, left as found
- Options put/call open interest 0.17, read 2026-10-27
- Ethical screen not yet scored
Price8.92 USD
Fair value7.81
Ethical score70.0/100
Our investment reviews on this name
2026-10-02Read Markup9.18-2.8% to today Markdown gives way to Markup first Markup read since July
2026-08-22Read Markdown8.78+1.6% to today Markup gives way to Markdown with volume flow in agreement
2026-07-02Read Markup9.19-2.9% to today First review on file: Markup
Our analytic regime reads on this name, dated and marked against the screened price. Small sample per name, and separate from the daily-framework accuracy on the Track Record page.
The full research record, in depth, below
This name holds its markup label.
BlackBerry Limited holds its Markup at $8.92. Elevated stress, defensive posture warranted, held for 12 days.
| Phase | Markup |
| Quantitative state | Elevated stress, defensive posture warranted, held for 12 days |
| Price at the screen | $8.92 |
| Valuation | 68.23 trailing · 37.63 forward price to earnings |
| Values screen | Not scored · score 70.0 |
| Beta | 1.30 |
Five Screens, Shown in Full
This security has not been fully scored against the values screen yet.
| Test | Figure | Limit | What it means | Status |
|---|---|---|---|---|
| Business activity | Permissible | Core business clean | Its core business isn't built on prohibited lines: no gambling, alcohol, tobacco, weapons, or interest-based lending. | Pass |
| Debt load | 17.29% | Below 33% | Interest-bearing debt is just 17.3% of its assets, well under the one-third ceiling: it does not run on borrowed money. | Pass |
| Interest-bearing cash | 6.84% | Below 33% | Cash held in interest-bearing accounts and securities is 6.8% of assets, under the one-third limit. | Pass |
| Receivables | 34.59% | Below 49% | Money owed to the company is 34.6% of assets, under the 49% limit. | Pass |
Five checks adapted from AAOIFI screening standards: business activity plus four balance-sheet ratios. All five must pass for ethical clearance. Every figure is arithmetic on public accounts, not judgement.
The Ethical ReadThe Read, in Plain English
BlackBerry clears the business-activity screen and the figures we can measure look clean, but one or more financial figures are still pending, so the verdict is not final yet.
Read as at 2026-10-27. It updates when the underlying figures move, and past reads are kept below.
2026-09-24
Clears
BlackBerry clears all five screens. Its business is in a permissible area, its interest-bearing debt is about 17%, inside the ~33% line, and almost none of its income is interest, so it passes.
Earlier reads, kept as written. The ethical profile is tracked over time, not overwritten.
What the Numbers Say It Is WorthThe Fair Value Range
Fair value range in USD, drawn from the 2026-10-23 screen. The gold marker is the market price at the same screen. The price runs 11.9% above the base estimate.
Third-party analyst targets: 7 covering, consensus None. The average target sits +7% from the screen price.
Reading the gap · Our more conservative model reads it as fully-to-richly valued here, while the Street is more bullish: a quality-at-a-fair-price name rather than a deep-value one.
Price History & ProjectionsWhere it has been, where the models see it going. History from market close data; projection points are our fair-value estimates and third-party analyst targets, dated to the 2026-10-23 screen.
Fair value and rating are our own model estimates; the Street's range reflects third-party analyst estimates. Analysis, not advice.
The Business, in Plain WordsBlackBerry still priced like a growth story
BlackBerry keeps pitching its secure comms tools and QNX software to governments and big firms, yet the numbers do not back the valuation. At eight dollars ninety nine the shares sit fourteen percent above our fair value, with a forward multiple of thirty nine times earnings on just ten percent profit margins and eight percent return on equity.
Revenue is growing at twenty six percent, which looks decent on the surface, but the market is already handing the company a premium that does not match the modest returns or the hold rating from seven analysts whose median target sits only modestly higher.
High multiples on low returns leave little room for disappointment, and any slowdown in licensing or enterprise deals would hit the share price quickly. Ethical checks clear, yet the price leaves no margin of safety. Analysis, not advice.
| Forward P/E | 37.6xpriced for continued growth |
| Trailing P/E | 68.2xexpensive: the price assumes strong growth ahead |
| EPS, trailing | 0.13 |
| EPS, forward | 0.24 |
| Revenue growth | +26.0%strong top-line growth |
| Profit margin | 13.1%thin but positive margins |
| Return on equity | 10.6%a modest return on shareholder capital |
| FCF yield | 2.66% |
| Debt to equity | 0.28minimal debt: a conservative balance sheet |
| Current ratio | 2.38comfortably covers its short-term bills |
| Beta | 1.30moves a little more than the market |
| Short interest, float | 0.07% |
| 52-week range | 3.12 - 13.59 |
| Market cap | $5.2B |
| Employees | 1,749 |
The risks · The things to watch: it already moves more than the market on an average day; its business and earnings are exposed to Canada and to currency swings.
Plain-English interpretation of our own screen data. Analysis, not advice.
Where & How to TradeBB trades on the NYSE (the company is based in Canada). As a listed security it is accessible through almost any international broker offering its home market. New to this, or investing from abroad? Our guide to accessing global markets covers brokers, currencies and the practical steps.
Every Entry, As Written
2026-10-25
Markup $8.87
+2.0% Entry 9
The analysis reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved up 2.0% since our last review. Ethical screening: not fully scored yet. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it C. Technically it is holding around 22% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 117%. Our forward projection puts the odds of a 10% gain over the next month near 41%. The street (7 analysts) rates it hold, with a mean price target of $5. Insiders have been net sellers over the past quarter.
2026-10-18
Markup $8.70
-5.2% Entry 8
The analysis reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 5.2% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it B. Technically it is momentum reading overbought. Over the past year the shares are up 117%. Our forward projection puts the odds of a 10% gain over the next month near 41%. The street (7 analysts) rates it hold, with a mean price target of $5. Insiders have been net sellers over the past quarter.
2026-10-11
Markup $9.18
+0.0% Entry 7
The analysis reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is momentum reading overbought. Over the past year the shares are up 117%. Our forward projection puts the odds of a 10% gain over the next month near 41%. The street (7 analysts) rates it hold, with a mean price target of $5.
2026-10-02
Markup · changed $9.18
+4.6% Entry 6
The framework has shifted from markdown to markup since the last review. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved up 4.6% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is momentum reading overbought. Over the past year the shares are up 117%. Our forward projection puts the odds of a 10% gain over the next month near 41%. The street (7 analysts) rates it hold, with a mean price target of $5.
2026-08-22
Markdown · changed $8.78
-2.3% Entry 5
The framework has shifted from markup to markdown since the last review. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 2.3% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it A, carrying a low risk profile. Technically it is momentum reading overbought. Over the past year the shares are up 117%. Our forward projection puts the odds of a 10% gain over the next month near 41%. The street (7 analysts) rates it hold, with a mean price target of $5.
2026-07-22
Markup $8.99
-2.2% Entry 4
Our analysis reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 2.2% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is momentum reading overbought. Over the past year the shares are up 117%. Our forward projection puts the odds of a 10% gain over the next month near 41%. The street (7 analysts) rates it hold, with a mean price target of $5.
2026-07-18
Markup $9.19
+0.0% Entry 3
Our analysis reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is momentum reading overbought. Over the past year the shares are up 117%. Our forward projection puts the odds of a 10% gain over the next month near 41%. The street (7 analysts) rates it hold, with a mean price target of $5.
2026-07-03
Markup $9.19
+0.0% Entry 2
Our analysis reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows excellent risk-adjusted returns.
2026-07-02
Markup $9.19
Entry 1
Our analysis reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows excellent risk-adjusted returns.
Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.
- Is BlackBerry (TSX:BB) Still Undervalued As QNX Backlog Grows And Insider Selling Continues? Yahoo Finance · 3d ago
- BlackBerry (TSX:BB) Stock May Be Fully Priced Following QNX Backlog News Yahoo Finance · 3d ago
- Mobileye Sinks 5% While BlackBerry Rises 3%: Is Wall Street Choosing Car Software Over Chips? Yahoo Finance · 5d ago
- BB Stock Slips Overnight: Retail Debates CEO's Share Sale Amid Strong QNX Demand Yahoo Finance · 6d ago
- BlackBerry Stock And 2 Cybersecurity Plays In Cloud Infrastructure Yahoo Finance · 6d ago
Headlines from third-party outlets, linked for reference: not our reporting, not advice.
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Screened names in the same industry · explore each on its own page.
| Date | Insider | Title | Type | Shares | Value |
|---|---|---|---|---|---|
| 2026-10-21 | Giamatteo John Joseph | CEO, Pres, Secure Comm. | S - Sale | 250,000 | $2,284,660 |
| 2026-10-09 | Armstrong-Owen Jennifer | SVP, Chief People Officer | S - Sale+OE | 3,379 | $28,248 |
| 2026-10-09 | Foote Tim | CFO | S - Sale+OE | 8,441 | $70,567 |
| 2026-10-09 | Giamatteo John Joseph | CEO, Pres, Secure Comm. | S - Sale+OE | 27,004 | $225,753 |
| 2026-10-09 | Kurtz Philip S. | CLO, Corp. Secretary | S - Sale+OE | 6,164 | $52,086 |
Public filings, recorded as found. The full tape lives at Insider Intelligence.
| Date | Politician | Party | Type | Amount |
|---|---|---|---|---|
| 2026-09-25 | Ro Khanna | Democrat | sell | 1K–15K |
| 2026-09-25 | Ro Khanna | Democrat | sell | 1K–15K |
| 2026-09-24 | Maria Elvira Salazar | Republican | sell | 1K–15K |
| 2026-09-23 | Kevin Hern | Republican | sell | 1K–15K |
| 2026-09-23 | Kevin Hern | Republican | sell | 1K–15K |
| Period | Price then | Price return | Divs per share | $1,000 became | Total return |
|---|---|---|---|---|---|
| 1 month | $6.22 | +44.2% | · | $1,442 | +44.2% |
| 2 months | $3.84 | +133.6% | · | $2,336 | +133.6% |
| 3 months | $3.42 | +162.3% | · | $2,623 | +162.3% |
| 6 months | $4.35 | +106.2% | · | $2,062 | +106.2% |
| 1 year | $4.14 | +116.7% | · | $2,167 | +116.7% |
| 2 years | $2.73 | +228.6% | · | $3,286 | +228.6% |
| 3 years | $5.15 | +74.2% | · | $1,742 | +74.2% |
| 5 years | $14.18 | -36.7% | · | $633 | -36.7% |
Historical returns from market close data. Past performance does not guarantee future results.
This entry now belongs to the ledger. Whatever BB does next, these words stay.
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