An entry written while the outcome is still unknown. It will be scored by what the market does next, and it will never be edited to look cleverer than it was.
In plain words · BlackBerry Limited provides intelligent software and services to enterprises and governments worldwide.
VERDICT
The label
Markup
read at $8.99
BlackBerry Limited holds its Markup at $8.99.
PHPhase · the trend structure carries the Markup label
INInsiders · no filings inside 60 days, left as found
POPositioning · no disclosures inside 60 days, left as found
OPOptions · no verdict drawn today, left as found
SCScreen · passes the values gate
edge confirmed
edge broken
edge forming
Each arm is one independent read. Conviction is not a single call, it is how many edges converge.
INVESTOR
The investor read · the season, not the day
As held on the ledger · 2026-07-19
Phase
Markup
Quantitative state
Elevated stress, defensive posture warranted, held for 3 days
Price
$8.99
Valuation
89.90 trailing · 39.33 forward price to earnings
Values screen
PASS· score 70.0
Beta
1.48
OPPORTUNITY
The opportunity · what the numbers say it is worth
Read at
$8.99
89.90 P/E · 39.33 fwd
Our fair value
$7.72
14% premium
Analyst target (avg)
$9.50
+6% to current
Target low $5.20Analyst target rangeTarget high $13.00
▲ current $8.99 · | average target
Price history & projections · where it has been, where the models see it going
The valuation journey · where the price sits against fair value and the Street
Current
$8.99
you are here
Conservative
$4.68
-48%
Analyst avg
$9.50
+6%
Our fair value
$7.72
-14%
Analyst high
$13.00
+45%
Green marks levels above today's price, red below; the shaded band is the gap between the price and our fair value.
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.
Revenue growth
25.60%
Profit margin
10.31%
Debt to equity
29.45
Analyst consensus
Hold · 7 covering
Fair value and rating are our own model estimates; target range reflects third-party analyst estimates. Analysis, not advice.
SCREEN
The values screen, explained · five checks, plain English
This company clears both standards. There are two widely recognised ways to check whether a company is suitable for a Muslim investor. Here is how it did on each:
The common standard· AAOIFI Used by most halal investing apps✓ PASSES
Our stricter standard· asset-based The one Titan applies✓ PASSES
Business activityIts core business isn't built on prohibited lines — no gambling, alcohol, tobacco, weapons, or interest-based lending.Pass
Debt loadInterest-bearing debt is of its assets, above the one-third ceiling the screen allows.Fail
Interest-bearing cashInterest-bearing cash and securities are of assets, above the one-third limit.Fail
ReceivablesMoney owed to the company is of assets, above the 49% limit.Fail
Revenue purityOnly 0.0% of revenue comes from non-compliant sources — under the 5% line.Pass
Every security is read against two recognised standards: our stricter asset-based screen (ratios measured against total assets) and the more widely used market-value standard (measured against market capitalisation). Where they agree we say so plainly; where they part ways — almost always on the debt check — we show both readings and mark it, because that disagreement is the finding, not a fault. We report the score; you and your scholar make the call.
PLAIN
The business, in plain words · what the numbers mean
BlackBerry 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.
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.
PEERS
Related securities · others in BB's space worth a look
Screened names in the same industry · explore each on its own page.
TRADE
Where & how to trade · wherever in the world you are
BB trades on the NYSE (the company is based in Canada). As a US-listed security it is accessible through almost any international broker offering US markets. New to this, or investing from outside the US? Our guide to accessing global markets covers brokers, currencies and the practical steps.
TRADER
The trader read · the latest dated commentary
The framework 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. Entered 2026-07-22 · Markup
JOURNAL
The dated journal · newest first, never edited
2026-07-22Markup$8.99-2.2%Entry 4
The framework 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.
2026-07-18Markup$9.19+0.0%Entry 3
The framework 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.
2026-07-03Markup$9.19+0.0%Entry 2
The framework 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.
2026-07-02Markup$9.19Entry 1
The framework 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.
POLITICAL
The political ledger · congressional disclosures
Disclosures naming BB
Date
Politician
Party
Type
Amount
7 May2026
Mike Kelly
Republican
sell
15K–50K
5 May2026
Josh Gottheimer
Democrat
sell
1K–15K
27 May2026
Josh Gottheimer
Democrat
sell
1K–15K
27 May2026
John Boozman
Republican
buy
1K–15K
2026-04-13
Ro Khanna
Democrat
Sale
15K–50K
RETURNS
What holding actually paid · price plus dividends
If $1,000 had been placed · historical, not a promise
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.
SEALED
This entry now belongs to the ledger. Whatever BB does next, these words stay.
BlackBerry Limited · BB · Markup · $8.99
Recorded 2026-07-19 · before the outcome · scored mechanically