BlackBerry (BB)
Market Price (4/11/2026): $3.86 | Market Cap: $2.3 BilSector: Information Technology | Industry: Technology Hardware, Storage & Peripherals
BlackBerry (BB)
Market Price (4/11/2026): $3.86Market Cap: $2.3 BilSector: Information TechnologyIndustry: Technology Hardware, Storage & Peripherals
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Low stock price volatilityVol 12M is 44% Megatrend and thematic driversMegatrends include Cybersecurity, and Electric Vehicles & Autonomous Driving. Themes include Software Security, Endpoint Protection, Show more. | Weak multi-year price returns3Y Excs Rtn is -83% | Key risksBB key risks include [1] intense competition from larger, Show more. |
| Low stock price volatilityVol 12M is 44% |
| Megatrend and thematic driversMegatrends include Cybersecurity, and Electric Vehicles & Autonomous Driving. Themes include Software Security, Endpoint Protection, Show more. |
| Weak multi-year price returns3Y Excs Rtn is -83% |
| Key risksBB key risks include [1] intense competition from larger, Show more. |
Qualitative Assessment
AI Analysis | Feedback
BlackBerry (BB) stock has remained largely at the same level since 12/31/2025 because of the following key factors:
1. Strong Fiscal Q4 2026 Performance and Optimistic FY2027 Outlook.
BlackBerry reported strong financial results for its fourth quarter of fiscal year 2026 (ending February 28, 2026), with adjusted earnings per share (EPS) of $0.06, surpassing the consensus estimate of $0.05, and revenue of $156 million, exceeding expectations of $144.2 million. The company also provided an optimistic outlook for fiscal year 2027, projecting total revenue between $584 million and $611 million, representing 6-11% growth, and non-GAAP EPS between $0.15 and $0.19. This positive financial performance and forward guidance likely provided a floor for the stock, preventing a significant decline.
2. Robust QNX Segment Growth and Substantial Royalty Backlog.
The QNX division, a key area of BlackBerry's software business, demonstrated strong performance, posting record quarterly revenue of $78.7 million in Q4 FY2026, an increase of 20% year-over-year. The QNX royalty backlog also increased significantly to approximately $950 million, providing multi-year revenue visibility and reinforcing its leadership in the automotive and IoT sectors. This consistent growth and long-term revenue potential in a high-growth market segment served as a positive catalyst for the stock, contributing to its stability.
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1. Strong Fiscal Q4 2026 Performance and Optimistic FY2027 Outlook.
BlackBerry reported strong financial results for its fourth quarter of fiscal year 2026 (ending February 28, 2026), with adjusted earnings per share (EPS) of $0.06, surpassing the consensus estimate of $0.05, and revenue of $156 million, exceeding expectations of $144.2 million. The company also provided an optimistic outlook for fiscal year 2027, projecting total revenue between $584 million and $611 million, representing 6-11% growth, and non-GAAP EPS between $0.15 and $0.19. This positive financial performance and forward guidance likely provided a floor for the stock, preventing a significant decline.
2. Robust QNX Segment Growth and Substantial Royalty Backlog.
The QNX division, a key area of BlackBerry's software business, demonstrated strong performance, posting record quarterly revenue of $78.7 million in Q4 FY2026, an increase of 20% year-over-year. The QNX royalty backlog also increased significantly to approximately $950 million, providing multi-year revenue visibility and reinforcing its leadership in the automotive and IoT sectors. This consistent growth and long-term revenue potential in a high-growth market segment served as a positive catalyst for the stock, contributing to its stability.
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Stock Movement Drivers
Fundamental Drivers
The 1.3% change in BB stock from 12/31/2025 to 4/10/2026 was primarily driven by a 141.0% change in the company's Net Income Margin (%).| (LTM values as of) | 12312025 | 4102026 | Change |
|---|---|---|---|
| Stock Price ($) | 3.79 | 3.84 | 1.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 535 | 549 | 2.7% |
| Net Income Margin (%) | 4.0% | 9.7% | 141.0% |
| P/E Multiple | 104.2 | 42.5 | -59.2% |
| Shares Outstanding (Mil) | 591 | 589 | 0.3% |
| Cumulative Contribution | 1.3% |
Market Drivers
12/31/2025 to 4/10/2026| Return | Correlation | |
|---|---|---|
| BB | 1.3% | |
| Market (SPY) | -5.4% | 54.9% |
| Sector (XLK) | -0.9% | 53.3% |
Fundamental Drivers
The -21.3% change in BB stock from 9/30/2025 to 4/10/2026 was primarily driven by a -23.6% change in the company's P/S Multiple.| (LTM values as of) | 9302025 | 4102026 | Change |
|---|---|---|---|
| Stock Price ($) | 4.88 | 3.84 | -21.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 537 | 549 | 2.3% |
| P/S Multiple | 5.4 | 4.1 | -23.6% |
| Shares Outstanding (Mil) | 593 | 589 | 0.7% |
| Cumulative Contribution | -21.3% |
Market Drivers
9/30/2025 to 4/10/2026| Return | Correlation | |
|---|---|---|
| BB | -21.3% | |
| Market (SPY) | -2.9% | 41.8% |
| Sector (XLK) | 1.4% | 44.4% |
Fundamental Drivers
The 1.9% change in BB stock from 3/31/2025 to 4/10/2026 was primarily driven by a 0.9% change in the company's P/S Multiple.| (LTM values as of) | 3312025 | 4102026 | Change |
|---|---|---|---|
| Stock Price ($) | 3.77 | 3.84 | 1.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 546 | 549 | 0.5% |
| P/S Multiple | 4.1 | 4.1 | 0.9% |
| Shares Outstanding (Mil) | 591 | 589 | 0.4% |
| Cumulative Contribution | 1.9% |
Market Drivers
3/31/2025 to 4/10/2026| Return | Correlation | |
|---|---|---|
| BB | 1.9% | |
| Market (SPY) | 16.3% | 52.8% |
| Sector (XLK) | 38.8% | 54.1% |
Fundamental Drivers
The -15.8% change in BB stock from 3/31/2023 to 4/10/2026 was primarily driven by a -18.3% change in the company's P/S Multiple.| (LTM values as of) | 3312023 | 4102026 | Change |
|---|---|---|---|
| Stock Price ($) | 4.56 | 3.84 | -15.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 526 | 549 | 4.3% |
| P/S Multiple | 5.0 | 4.1 | -18.3% |
| Shares Outstanding (Mil) | 581 | 589 | -1.3% |
| Cumulative Contribution | -15.8% |
Market Drivers
3/31/2023 to 4/10/2026| Return | Correlation | |
|---|---|---|
| BB | -15.8% | |
| Market (SPY) | 63.3% | 40.3% |
| Sector (XLK) | 92.6% | 39.9% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| BB Return | 41% | -65% | 9% | 7% | 0% | 1% | -42% |
| Peers Return | 57% | -16% | 7% | 100% | -30% | -13% | 74% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | -0% | 82% |
Monthly Win Rates [3] | |||||||
| BB Win Rate | 50% | 33% | 50% | 33% | 50% | 25% | |
| Peers Win Rate | 79% | 38% | 51% | 61% | 31% | 50% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| BB Max Drawdown | -1% | -66% | 0% | -40% | -24% | -17% | |
| Peers Max Drawdown | -3% | -31% | -27% | -3% | -39% | -28% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -7% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: MSFT, MSI, BGIN, BMR, VTIX. See BB Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 4/10/2026 (YTD)
How Low Can It Go
| Event | BB | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -87.3% | -25.4% |
| % Gain to Breakeven | 689.3% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -57.5% | -33.9% |
| % Gain to Breakeven | 135.2% | 51.3% |
| Time to Breakeven | 259 days | 148 days |
| 2018 Correction | ||
| % Loss | -66.0% | -19.8% |
| % Gain to Breakeven | 194.5% | 24.7% |
| Time to Breakeven | 475 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -76.1% | -56.8% |
| % Gain to Breakeven | 318.6% | 131.3% |
| Time to Breakeven | Not Fully Recovered days | 1,480 days |
Compare to MSFT, MSI, BGIN, BMR, VTIX
In The Past
BlackBerry's stock fell -87.3% during the 2022 Inflation Shock from a high on 1/27/2021. A -87.3% loss requires a 689.3% gain to breakeven.
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About BlackBerry (BB)
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.
AI Analysis | Feedback
BlackBerry is like CrowdStrike (for its AI-powered enterprise cybersecurity) and also the "Intel Inside" for the secure operating systems of modern cars and critical embedded systems.
Alternatively, BlackBerry is like SentinelOne (for its advanced AI-driven cybersecurity) merged with Qualcomm (for its significant intellectual property licensing business).
AI Analysis | Feedback
- BlackBerry Protect: An AI-powered endpoint protection and mobile threat defense solution.
- BlackBerry Optics: An endpoint detection and response (EDR) solution providing visibility into and prevention of malicious activity.
- BlackBerry Guard: A managed detection and response (MDR) solution for cybersecurity.
- BlackBerry Gateway: An AI-empowered Zero Trust Network Access (ZTNA) solution.
- BlackBerry Persona: A User and Entity Behavior Analytics (UEBA) solution that validates user identity in real time.
- BlackBerry UEM (Unified Endpoint Management): A central software component of its secure communications platform.
- BlackBerry Dynamics: A development platform and secure container for mobile applications.
- BlackBerry AtHoc and BlackBerry Alert: Secure and networked critical event management solutions.
- SecuSUITE for Government: A multi-OS secure voice and text messaging solution for government entities.
- BBM Enterprise: An enterprise-grade secure instant messaging solution.
- BlackBerry QNX: An embedded system solution including the Neutrino operating system and QNX CAR platform, primarily for automotive.
- BlackBerry Jarvis: A cloud-based binary static application security testing platform.
- BlackBerry Certicom: Cryptography and management products.
- BlackBerry Radar: An asset monitoring solution for logistics and supply chain.
- BlackBerry IVY: An intelligent vehicle data platform.
- Cybersecurity Consulting Services: Expert advisory and implementation services for cybersecurity.
- Enterprise Consulting Services: Advisory services related to enterprise technology and operations.
- Patent Licensing: The business of licensing BlackBerry's extensive portfolio of intellectual property.
- Legacy Service Access: Fees generated from access to older BlackBerry services.
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Major Customers of BlackBerry (BB)
BlackBerry primarily sells its intelligent security software and services to other companies (enterprises) and governments worldwide. The company's customer base can be categorized as follows:- Enterprises: These include a wide range of businesses across various industries that utilize BlackBerry's cybersecurity solutions (e.g., BlackBerry Protect, Optics, Guard, Gateway, Persona), Unified Endpoint Management Suite (UEM, Dynamics), and secure communication platforms (BBM Enterprise).
- Governments: Governments globally are a key customer segment for BlackBerry, particularly for their secure communication and critical event management solutions like SecuSUITE for Government, BlackBerry AtHoc, and BlackBerry Alert.
- Automotive Original Equipment Manufacturers (OEMs): The company's IoT segment, specifically BlackBerry QNX and BlackBerry IVY, targets automotive manufacturers for embedded operating systems (QNX Neutrino OS, QNX CAR platform) and intelligent vehicle data platforms.
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```htmlJohn Giamatteo, Chief Executive Officer
John Giamatteo was appointed as BlackBerry's Chief Executive Officer in December 2023. He brings over 30 years of experience in global high technology companies, with expertise in P&L, go-to-market strategies, marketing, and customer relationships. Prior to joining BlackBerry, he served as President and Chief Revenue Officer at McAfee for over six years. He also held the position of Chief Operating Officer at AVG Technologies and leadership roles at Solera, RealNetworks, Inc., and Nortel Corporation.
Tim Foote, Chief Financial Officer
Tim Foote is the Chief Financial Officer of BlackBerry. He joined the company following BlackBerry's acquisition of Good Technology in 2015 and has over two decades of experience in senior finance leadership across public and private multinational companies. His previous roles at BlackBerry include managing international finance operations, Vice President of Investor Relations, and CFO for the Cybersecurity division. He is a Chartered Accountant and holds an MBA from Imperial College Business School, London.
Jennifer Armstrong-Owen, Chief People Officer
Jennifer Armstrong-Owen serves as BlackBerry's Chief People Officer.
John Dimitropoulos, Senior Vice President and Chief Strategy Officer
John Dimitropoulos (JD) is BlackBerry's Senior Vice President and Chief Strategy Officer. He possesses over 30 years of extensive international experience within the telecoms, media, and technology sectors. Throughout his career, JD has been actively involved in and led numerous international acquisitions and divestments in Europe, Asia, and the United States for various US-based tech companies. He also assisted McAfee with Corporate Development and Sales Channel optimization.
Jesse Harold, Senior Vice President, Chief Information Officer and Chief Information Security Officer
Jesse Harold is the Senior Vice President, Chief Information Officer, and Chief Information Security Officer at BlackBerry. He is responsible for the technology operations of the company's Cybersecurity and IoT SaaS portfolio, IT services, and Cloud and business transformation enablement. He also oversees all aspects of BlackBerry's information and product security. Jesse joined BlackBerry's Core Network Engineering team in 2008.
```AI Analysis | Feedback
Key Risks to BlackBerry (BB)
- Reliance on Patent Licensing and Intellectual Property Value: BlackBerry's "Licensing and Other" segment heavily depends on the monetization of its extensive patent portfolio, which consisted of approximately 38,000 worldwide patents and applications as of February 28, 2022. The value, enforceability, and potential expiration of these patents, or challenges in securing new licensing agreements, pose a significant risk to the company's revenue streams from this segment.
- Intense Competition and Rapid Technological Obsolescence in Cybersecurity and IoT Markets: BlackBerry operates in highly dynamic and competitive markets for cybersecurity software and services, and IoT embedded systems. The company's ability to maintain and grow market share for its BlackBerry Cyber Suite, Spark Unified Endpoint Management Suite, QNX, and IVY platforms is continuously challenged by rapid technological advancements, evolving customer needs, and fierce competition from numerous established and emerging players. Failure to innovate, adapt quickly to new threats and market demands, or differentiate its offerings effectively could lead to a loss of competitiveness and reduced revenue.
AI Analysis | Feedback
```htmlThe increasing adoption of Android Automotive OS by major automakers presents an emerging threat to BlackBerry's QNX CAR platform and embedded system solutions within the automotive sector. As car manufacturers integrate Android Automotive OS for infotainment and broader in-vehicle experiences, it could reduce the demand or scope for BlackBerry's traditional operating system offerings in this segment, potentially pushing QNX to more specialized, lower-level safety-critical systems and diminishing its overall market opportunity in the connected car.
```AI Analysis | Feedback
Here are the addressable market sizes for BlackBerry's main products and services:
- Overall Cybersecurity Market: The global cybersecurity market size was valued at between USD 301.91 billion and USD 326.2 billion in 2025. It is projected to reach USD 339.96 billion in 2026.
- Endpoint Protection Platform (EPP): The global Endpoint Protection Platform market size was valued at USD 19.51 billion in 2025 and is projected to grow to USD 21.64 billion in 2026.
- Endpoint Detection and Response (EDR): The global Endpoint Detection and Response market size is projected to expand from USD 5.11 billion in 2025 to USD 6.33 billion in 2026.
- Managed Detection and Response (MDR): The global Managed Detection and Response market size is estimated at USD 3.40 billion in 2025 and is predicted to increase to USD 3.92 billion in 2026.
- Zero Trust Network Access (ZTNA): The global Zero Trust Network Access market size was USD 48.26 billion in 2025 and is projected to grow to USD 59.89 billion in 2026.
- User and Entity Behavior Analytics (UEBA): The global User and Entity Behavior Analytics market size is expected to grow from USD 3.19 billion in 2025 to USD 4.27 billion in 2026.
- Unified Endpoint Management (UEM): The global Unified Endpoint Management market size was valued at approximately USD 8.48 billion in 2025 and is projected to grow to USD 10.49 billion in 2026.
- Secure Mobile Communications (including SecuSUITE for Government and BBM Enterprise): The global secure mobile communications market is projected to reach US$ 28.5 billion in 2026. The global end-to-end encrypted communication market was valued at USD 7.41 billion in 2025.
- Overall Internet of Things (IoT) Market: The global Internet of Things market size was valued at USD 864.32 billion in 2025 and is projected to grow to USD 1,055.02 billion in 2026.
- Automotive Software (including BlackBerry QNX): The global automotive software market size was valued at USD 36.07 billion in 2025 and is projected to grow to USD 41.12 billion in 2026.
- BlackBerry AtHoc and BlackBerry Alert (Critical Event Management Solutions): null
- BlackBerry Jarvis (Cloud-based binary static application security testing platform): null
- BlackBerry Certicom (Cryptography and management products): null
- BlackBerry Radar (Asset monitoring solution): null
- BlackBerry IVY (Intelligent vehicle data platform): null
AI Analysis | Feedback
BlackBerry Limited (BB) is poised for future revenue growth over the next two to three years, primarily driven by advancements in its Internet of Things (IoT) and Cybersecurity segments. The company's strategic focus on these high-growth areas, supported by strong market demand and product innovation, is expected to fuel its financial performance.
Here are 3-5 expected drivers of BlackBerry's future revenue growth:
- Conversion of QNX Royalty Backlog and Increased Content per Vehicle: BlackBerry anticipates significant revenue growth from the conversion of its substantial QNX royalty backlog, which stood at approximately $865 million as of March 2026. As global automotive production ramps up and the industry continues its shift towards software-defined vehicles (SDVs) and electric vehicles (EVs), the demand for BlackBerry's QNX real-time operating system in digital cockpits, Advanced Driver-Assistance Systems (ADAS), and safety-certified systems is expected to increase. This will lead to higher QNX content per vehicle and drive royalty revenue. The launch of QNX OS 8.0 and QNX Hypervisor 8.0 is also positioned to capture a larger share of the growing automotive software market.
- Commercialization and Broader Adoption of BlackBerry IVY: The BlackBerry IVY intelligent vehicle data platform, co-developed with Amazon Web Services (AWS), is expected to be a significant future revenue driver as it moves from pilot programs to commercial deployment across multiple Original Equipment Manufacturers (OEMs) by 2026. IVY aims to enable automakers and developers to monetize vehicle data services by providing secure, efficient data processing and machine learning at the edge. Strategic partnerships in the automotive sector are crucial for IVY's expansion and adoption.
- Re-acceleration and Expansion of AI-driven Cybersecurity Solutions: BlackBerry is focused on re-accelerating its Cybersecurity segment by relaunching and expanding its Cylance-branded AI prevention, Extended Detection and Response (XDR), and Managed Detection and Response (MDR) solutions, including CylanceENDPOINT and CylanceGUARD. The increasing sophistication of AI-driven cyberattacks and the accelerating pace of digital transformation are driving higher demand and increased budgets for advanced cybersecurity solutions across enterprises and governments. Improving net retention and Annual Recurring Revenue (ARR) through bundling and MDR expansion are key strategic objectives.
- Growth of Secure Communications and Geographical Expansion: Within the Cybersecurity portfolio, BlackBerry expects growth from its Secure Communications products, specifically BlackBerry AtHoc (critical event management), BlackBerry UEM (Unified Endpoint Management), and SecuSUITE for Government (secure voice and text messaging). The company is also pursuing geographical expansion, particularly in the Asia-Pacific (APAC) region, to broaden its customer base and diversify revenue streams for its secure communications division.
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Share Repurchases
- BlackBerry announced a Normal Course Issuer Bid (NCIB) in May 2025, authorizing the repurchase of up to 27,855,153 common shares, representing approximately 4.7% of its public float as of May 5, 2025. This program is set to run from May 12, 2025, to May 11, 2026.
- Under the May 2025 buyback plan, BlackBerry repurchased 2,569,959 shares for $10 million by June 2025.
- In the third quarter of fiscal year 2026 (ended November 30, 2025), the company returned $5 million to shareholders by repurchasing approximately 1.2 million shares.
Share Issuance
- BlackBerry's share repurchases are intended to counteract the dilutive impact of shares issued under its equity incentive plan, indicating ongoing issuance through such plans.
- The number of shares outstanding has seen minor fluctuations; for instance, it was 0.596 billion at the end of November 2025, compared to 0.639 billion at the end of February 2023.
Inbound Investments
- BlackBerry has focused on strengthening its balance sheet and achieving profitability and positive cash flow, rather than securing large third-party inbound equity investments in the past 3-5 years.
Outbound Investments
- BlackBerry has not reported significant outbound investments (acquisitions of other companies) within the last 3-5 years. The company sold its Cylance business to Arctic Wolf in December 2024.
Capital Expenditures
- For the third quarter of fiscal year 2026 (ended November 30, 2025), capital expenditures were $900,000.
- In the last twelve months leading up to August 26, 2025, capital expenditure was reported as $2 million, reflecting an 88% decrease since 2019.
- BlackBerry's capital expenditures in fiscal year 2025 were $3.1 million. The company continues to invest in the growth of its QNX business, with R&D focused on software innovations for autonomous and connected vehicles.
Latest Trefis Analyses
Trade Ideas
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Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 4.98 |
| Mkt Cap | 72.0 |
| Rev LTM | 6,116 |
| Op Inc LTM | 1,504 |
| FCF LTM | 1,306 |
| FCF 3Y Avg | 2,166 |
| CFO LTM | 1,444 |
| CFO 3Y Avg | 2,424 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 8.0% |
| Rev Chg 3Y Avg | 8.6% |
| Rev Chg Q | 11.2% |
| QoQ Delta Rev Chg LTM | 3.0% |
| Op Mgn LTM | 17.2% |
| Op Mgn 3Y Avg | 24.6% |
| QoQ Delta Op Mgn LTM | 0.4% |
| CFO/Rev LTM | 16.7% |
| CFO/Rev 3Y Avg | 22.3% |
| FCF/Rev LTM | 14.7% |
| FCF/Rev 3Y Avg | 19.9% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 72.0 |
| P/S | 6.2 |
| P/EBIT | 22.7 |
| P/E | 33.4 |
| P/CFO | 25.4 |
| Total Yield | 4.0% |
| Dividend Yield | 0.9% |
| FCF Yield 3Y Avg | 2.3% |
| D/E | 0.1 |
| Net D/E | -0.0 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -7.2% |
| 3M Rtn | -11.2% |
| 6M Rtn | -31.3% |
| 12M Rtn | -12.6% |
| 3Y Rtn | -12.4% |
| 1M Excs Rtn | -7.8% |
| 3M Excs Rtn | -9.0% |
| 6M Excs Rtn | -33.2% |
| 12M Excs Rtn | -44.0% |
| 3Y Excs Rtn | -87.1% |
Comparison Analyses
Price Behavior
Price Behavior
| Market Price | $3.84 | |
| Market Cap ($ Bil) | 2.3 | |
| First Trading Date | 02/04/1999 | |
| Distance from 52W High | -23.2% | |
| 50 Days | 200 Days | |
| DMA Price | $3.42 | $3.97 |
| DMA Trend | down | down |
| Distance from DMA | 12.2% | -3.3% |
| 3M | 1YR | |
| Volatility | 35.8% | 41.7% |
| Downside Capture | 0.48 | 0.73 |
| Upside Capture | 140.38 | 125.74 |
| Correlation (SPY) | 43.1% | 40.6% |
BB Betas & Captures as of 3/31/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.30 | 1.37 | 1.23 | 1.27 | 1.25 | 1.49 |
| Up Beta | 0.59 | 0.99 | 0.39 | 0.11 | 1.33 | 1.37 |
| Down Beta | 1.21 | 1.43 | 0.78 | 1.39 | 1.06 | 1.20 |
| Up Capture | 183% | 140% | 144% | 89% | 110% | 349% |
| Bmk +ve Days | 7 | 16 | 27 | 65 | 139 | 424 |
| Stock +ve Days | 10 | 20 | 26 | 53 | 111 | 342 |
| Down Capture | 115% | 142% | 165% | 165% | 128% | 111% |
| Bmk -ve Days | 12 | 23 | 33 | 58 | 110 | 323 |
| Stock -ve Days | 11 | 20 | 33 | 67 | 126 | 373 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BB | |
|---|---|---|---|---|
| BB | 31.5% | 44.3% | 0.74 | - |
| Sector ETF (XLK) | 59.7% | 25.3% | 1.80 | 53.6% |
| Equity (SPY) | 31.2% | 17.3% | 1.47 | 52.7% |
| Gold (GLD) | 60.1% | 27.8% | 1.69 | 5.2% |
| Commodities (DBC) | 29.8% | 16.6% | 1.58 | 6.2% |
| Real Estate (VNQ) | 21.3% | 15.2% | 1.07 | 29.9% |
| Bitcoin (BTCUSD) | -5.7% | 43.7% | -0.01 | 30.5% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BB | |
|---|---|---|---|---|
| BB | -16.5% | 58.6% | -0.08 | - |
| Sector ETF (XLK) | 16.5% | 24.7% | 0.60 | 45.3% |
| Equity (SPY) | 11.1% | 17.0% | 0.50 | 45.8% |
| Gold (GLD) | 22.1% | 17.8% | 1.02 | 9.9% |
| Commodities (DBC) | 11.8% | 18.8% | 0.52 | 10.5% |
| Real Estate (VNQ) | 3.7% | 18.8% | 0.10 | 35.9% |
| Bitcoin (BTCUSD) | 4.0% | 56.5% | 0.29 | 24.8% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BB | |
|---|---|---|---|---|
| BB | -6.6% | 58.7% | 0.13 | - |
| Sector ETF (XLK) | 21.7% | 24.3% | 0.82 | 42.2% |
| Equity (SPY) | 13.8% | 17.9% | 0.66 | 41.5% |
| Gold (GLD) | 14.2% | 15.9% | 0.74 | 5.6% |
| Commodities (DBC) | 8.6% | 17.6% | 0.41 | 16.3% |
| Real Estate (VNQ) | 5.1% | 20.7% | 0.22 | 31.4% |
| Bitcoin (BTCUSD) | 67.4% | 66.9% | 1.07 | 13.7% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 4/9/2026 | 8.2% | ||
| 12/18/2025 | -12.9% | -8.3% | -12.2% |
| 9/25/2025 | 8.9% | 12.2% | 8.0% |
| 6/24/2025 | 12.5% | 0.2% | -9.7% |
| 4/2/2025 | -9.1% | -23.1% | -9.7% |
| 12/19/2024 | 23.8% | 31.2% | 39.9% |
| 9/26/2024 | -0.8% | -8.7% | -5.9% |
| 6/26/2024 | 10.9% | 12.7% | 12.2% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 10 | 8 | 11 |
| # Negative | 15 | 16 | 13 |
| Median Positive | 8.6% | 11.2% | 9.1% |
| Median Negative | -9.5% | -8.5% | -9.7% |
| Max Positive | 23.8% | 31.2% | 54.8% |
| Max Negative | -18.6% | -23.4% | -21.4% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 02/28/2026 | 04/09/2026 | 10-K |
| 11/30/2025 | 12/19/2025 | 10-Q |
| 08/31/2025 | 09/25/2025 | 10-Q |
| 05/31/2025 | 06/25/2025 | 10-Q |
| 02/28/2025 | 04/02/2025 | 10-K |
| 11/30/2024 | 12/20/2024 | 10-Q |
| 08/31/2024 | 09/27/2024 | 10-Q |
| 05/31/2024 | 06/27/2024 | 10-Q |
| 02/29/2024 | 04/04/2024 | 10-K |
| 11/30/2023 | 12/21/2023 | 10-Q |
| 08/31/2023 | 09/29/2023 | 10-Q |
| 05/31/2023 | 06/30/2023 | 10-Q |
| 02/28/2023 | 03/31/2023 | 10-K |
| 11/30/2022 | 12/21/2022 | 10-Q |
| 08/31/2022 | 09/28/2022 | 10-Q |
| 05/31/2022 | 06/24/2022 | 10-Q |
Recent Forward Guidance [BETA]
Latest: Q4 2026 Earnings Reported 4/9/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q1 2027 Revenue | 132.00 Mil | 136.00 Mil | 140.00 Mil | -4.9% | Lowered | Guidance: 143.00 Mil for Q4 2026 | |
| Q1 2027 EPS | 0.02 | 0.03 | 0.03 | -37.5% | Lowered | Guidance: 0.04 for Q4 2026 | |
| Q1 2027 Free Cash Flow | 0 | 5.00 Mil | 10.00 Mil | -88.2% | Lowered | Guidance: 42.50 Mil for Q4 2026 | |
| 2027 Revenue | 584.00 Mil | 597.50 Mil | 611.00 Mil | 11.5% | Raised | Guidance: 536.00 Mil for 2026 | |
| 2027 EPS | 0.15 | 0.17 | 0.19 | 13.3% | Raised | Guidance: 0.15 for 2026 | |
| 2027 Free Cash Flow | 100.00 Mil | 119.8% | Raised | Guidance: 45.50 Mil for 2026 | |||
Prior: Q3 2026 Earnings Reported 12/18/2025
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q4 2026 Revenue | 138.00 Mil | 143.00 Mil | 148.00 Mil | 5.1% | Higher New | Actual: 136.00 Mil for Q3 2026 | |
| Q4 2026 EPS | 0.03 | 0.04 | 0.05 | 33.3% | Higher New | Actual: 0.03 for Q3 2026 | |
| Q4 2026 Operating Cash Flow | 40.00 Mil | 42.50 Mil | 45.00 Mil | 183.3% | Higher New | Actual: 15.00 Mil for Q3 2026 | |
| 2026 Revenue | 531.00 Mil | 536.00 Mil | 541.00 Mil | 1.1% | Raised | Guidance: 530.00 Mil for 2026 | |
| 2026 EPS | 0.14 | 0.15 | 0.16 | 15.4% | Raised | Guidance: 0.13 for 2026 | |
| 2026 Operating Cash Flow | 43.00 Mil | 45.50 Mil | 48.00 Mil | 21.3% | Raised | Guidance: 37.50 Mil for 2026 | |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Giamatteo, John Joseph | CEO & President, Cybersecurity | Direct | Sell | 1062026 | 3.82 | 231,765 | 885,342 | 2,289,139 | Form |
| 2 | Foote, Tim | Chief Financial Officer | Direct | Sell | 1062026 | 3.82 | 28,600 | 109,252 | 159,011 | Form |
| 3 | Armstrong-Owen, Jennifer | Sr VP & Chief People Officer | Direct | Sell | 1062026 | 3.82 | 3,227 | 12,327 | 200,447 | Form |
| 4 | Kurtz, Philip S | CLO & Corp. Secretary | Direct | Sell | 1062026 | 3.89 | 11,121 | 43,261 | 428,273 | Form |
| 5 | Foote, Tim | Chief Financial Officer | Direct | Sell | 10062025 | 4.62 | 3,155 | 14,576 | 183,456 | Form |
Industry Resources
| Technology Hardware, Storage & Peripherals Resources |
| The Verge |
| TechRadar |
| Tom’s Hardware |
| PCMag |
| CNET |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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