Summary: The BlackBerry stock has been performing well as of late as the company keeps pushing forward in developing enterprise-level cybersecurity and mobile-management solutions. In this guide, you will learn how to buy BlackBerry stock through an online stock trading platform such as eToro.
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About BlackBerry
BlackBerry Limited, formerly known as Research In Motion, is a Canadian software company focusing on cybersecurity. Initially, the company specialized in developing mobile phones, tablets, and pager devices, and even though its handheld line is now licensed to various sources, it is still largely associated with it in popular discourse. Nowadays, though, the company seeks to leverage its experience in mobile and digital security to provide users with enterprise-level mobile management and cybersecurity solutions.
How to buy BlackBerry stock: Step-by-step
BlackBerry has been a public company since 1997, trading on the Toronto and New York Stock Exchanges under the ticker BB. If you are thinking about investing in BlackBerry, follow these steps:
Step 1: Find a reputable online broker
You will need to find a reputable online broker that will give you access to the stock market. Look for a well-established broker that has a good reputation and offers competitive fees. Equally as important are factors such as:
- Range of offerings;
- Customer support;
- Regulatory compliance and licensing;
- Account option.
Our go-to broker for stock investments is eToro. eToro stands out as a versatile and flexible multi-asset platform that encompasses a wide range of financial instruments, such as stocks, bonds, and commodities. The platform also offers an intuitive interface, incorporates social trading capabilities like copy trading (which lets you replicate the strategies of some more experienced traders), and boasts a plethora of other qualities, which include:
- Commission-free stock trading;
- Over 2,000 stocks from 17 exchanges;
- Fractional shares;
- A user-friendly platform.
Highly Rated Stock Trading & Investing Platform
-
Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.
-
0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
-
Copy top-performing traders in real time, automatically.
-
eToro USA is registered with FINRA for securities trading.
Step 2: Register and fund your account
Once you have chosen a broker, you will need to register and fund your account. You will need to provide personal information and banking details to open an account, although the very specifics will vary from broker to broker. You can fund your account using bank transfers, wire transfers, or third-party payment systems like PayPal.
Step 3: Look up Tesla stock and place an order
After funding your account, you can log in on your broker’s website and search for BlackBerry stock. To do that, you can look up either its ticker symbol (BB) or type in the company’s name in the search bar.
Then, simply specify the number of shares you want to purchase and review the order to ensure the accuracy of the information. Finally, execute the order.
Note
When placing orders, you will have different order options, with the two most common ones being:
- Market order — Buy the stock right away at its current price (subject to availability);
- Limit order — Set a specific target price range first and wait for the stock to be added to your portfolio once it’s hit that range. The biggest advantage of limit orders is that it lets you predetermine a price range. However, the stock might never reach that range.
BlackBerry stock price today
Is BlackBerry stock a buy?
BlackBerry derives its revenue primarily from its cybersecurity and Internet of Things (IoT) operations, with its other ventures taking a back seat. BlackBerry hopes its revenue will experience a compound annual growth rate of 12%–15% from fiscal 2023 to fiscal 2026, that is, 9%–12% in cybersecurity and 18%–22% in IoT revenue.
While this outlook is steady, BlackBerry has a lot of competition in the cybersecurity similar sectors with just as high or higher growth rates, for example, Fortinet with its 5-year CAGR of 18.9% and Splunk with its CGAR of 22.8%.
Still, we must admit that the BB stock witnessed a solid rise of 18% just shortly before the time of writing (late August 2023), which contributed to the company’s 58% year-to-date (YTD) increase. Such numbers are noteworthy, even if distant from the stock’s all-time peak. Moreover, there are the looming potential implications of the rumored acquisition plans insinuated by Veritas, which have a lot of investors on their toes.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
FAQs about how to buy BlackBerry stock
What is the BlackBerry stock CUSIP number?
The CUSIP number for BlackBerry shares is 09228F-10-3.
How to buy BlackBerry stock?
To buy BlackBerry Stock stock, make an account at an online stock trading platform such as eToro.
Does BlackBerry pay dividends?
No, BlackBerry does not and has never paid dividends.
Has there been a BlackBerry stock split?
The BB stock underwent two separate splits.
Highly Rated Stock Trading & Investing Platform
-
Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.
-
0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
-
Copy top-performing traders in real time, automatically.
-
eToro USA is registered with FINRA for securities trading.
