After Hours Most Active for Nov 8, 2024 : BB, PLTR, NOVA, F, BAC, CHWY
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 08 2024
0mins
Source: NASDAQ.COM
NASDAQ 100 After Hours Performance: The NASDAQ 100 is up 9.07 points to 21,126.25 with a total after-hours volume of 124,357,157 shares traded, featuring active stocks like BlackBerry, Palantir, and Sunnova Energy.
Stock Highlights: Notable movements include BlackBerry at $2.33 (77.67% of target price), Palantir at $58.40 (52-week high), and Bank of America maintaining its price at $45.13 with positive earnings forecast revisions.
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Analyst Views on BB
Wall Street analysts forecast BB stock price to fall
4 Analyst Rating
1 Buy
3 Hold
0 Sell
Hold
Current: 8.420
Low
4.50
Averages
5.03
High
6.00
Current: 8.420
Low
4.50
Averages
5.03
High
6.00
About BB
BlackBerry Limited is a Canada-based company, which provides enterprises and governments the intelligent software and services. The Company delivers operational resiliency with the certified product portfolio for mobile fortification, mission-critical communications, and critical events management. It operates in three segments: QNX, Secure Communications, and Licensing. The QNX segment consists of the QNX business, BlackBerry Certicom, and BlackBerry Radar. The Secure Communications segment consists of BlackBerry UEM solutions, BlackBerry AtHoc, and BlackBerry SecuSUITE. Its endpoint management platform includes BlackBerry UEM, BlackBerry Dynamics, BlackBerry Workspaces solutions, and BlackBerry Messenger (BBM) Enterprise. The Licensing segment consists of the Company’s intellectual property arrangements and settlement awards. Its BlackBerry Radar is a family of asset monitoring and telematics solutions for the transportation and logistics industry.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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See More
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- Nokia Stock Surge: Nokia shares soared to $16.63 on Tuesday, marking a 27-year high as investors reassessed the company's role in high-speed AI data infrastructure, indicating increased confidence in its AI and cloud networking business.
- Micron Hits Record High: Micron's stock climbed to $916.76, surpassing a $1 trillion market cap for the first time, driven by strong demand for advanced AI memory chips, with UBS raising its price target to $1,625, suggesting an 81% upside potential.
- BlackBerry Market Reinvention: BlackBerry shares reached a new high of $8.6, bolstered by ongoing advancements in automotive software and cybersecurity, with investors optimistic about the QNX operating system's integration in millions of connected devices worldwide.
- Overall Market Trend: Nokia, Micron, and BlackBerry stocks all hit fresh 52-week highs, reflecting a significant influx of investor capital towards companies supporting the physical infrastructure for AI growth, highlighting rising demand for networking equipment, memory chips, and cybersecurity systems.
See More
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- Market Indicator Surge: The NASDAQ 100 Pre-Market Indicator increased by 358.18 points to 29,839.82, reflecting investor optimism that may indicate strong performance at the market open.
- Active Trading Volume: The total pre-market volume stands at 139,238,647 shares, indicating a high level of market participation that could influence liquidity and price volatility post-open.
- Nokia's Strong Performance: Nokia Corporation (NOK) shares rose by $0.20 to $15.67 with a trading volume of 21,596,173 shares, hitting a 52-week high, reflecting market confidence in its future growth prospects.
- Redwire Corporation Recommendation: Redwire Corporation (RDW) shares increased by $2.36 to $19.85 with 8,003,091 shares traded, and Zacks reports its current mean recommendation is in the 'buy range', indicating analysts' optimism about its outlook.
See More
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- Stock Surge: Nokia shares closed at $15.7 on Friday, marking a 15-year high, driven by the company's strategic shift from traditional telecom equipment to AI networking and data center infrastructure, indicating strong market confidence in its future growth.
- Strong Performance: In its recent earnings report, Nokia reported a 49% year-over-year increase in AI and cloud-related revenue, reflecting the company's successful transition into emerging technologies and enhancing investor expectations for long-term profitability.
- Regulatory Approval Boost: Nokia's Beacons and ONT devices received conditional approval from the FCC, allowing continued broadband deployments in North America, which further solidifies its market position and removes restrictions related to national security risks.
- Increased Market Confidence: Morgan Stanley raised Nokia's U.S.-listed ADR target price from $13 to $16.50 with an 'overweight' rating, a move that not only boosts Nokia's credibility on Wall Street but also reflects analysts' optimism about its growth potential.
See More
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- BB Stock Performance: BlackBerry (BB) shares surged nearly 19% on Friday and continued to climb over the weekend as the leadership announced a new growth phase, resulting in the best weekly performance in nearly 1.5 years, reflecting strong market confidence in its transformation into a profitable software business.
- SIDU Earnings Momentum: Sidus Space (SIDU) reported a 51% year-over-year revenue increase to $359,372 in its Q1 2026 results, with net loss narrowing to $5.21 million, and after completing a $58.5 million registered direct offering, its liquidity position significantly improved, with analysts projecting a potential 95% upside in stock price.
- RGTI Government Funding: Rigetti Computing (RGTI) shares rose after the Trump administration announced $100 million in grants for the quantum computing sector, with funding expected over the next three years to help the company tackle key technical challenges and advance next-generation quantum computing architectures.
- Market Sentiment Extremely Bullish: All three companies saw retail sentiment on Stocktwits enter 'extremely bullish' territory, with BB experiencing a surge in message volume, indicating strong investor confidence in its growth potential, while RGTI and SIDU exhibited similar market enthusiasm.
See More
Iranian Delegation Travels to Qatar for Negotiations Amid Conflict
- Market Optimism: U.S. stock futures rose broadly in overnight trading on Monday, with the Nasdaq 100 climbing 0.83%, S&P 500 futures up 0.62%, and Dow futures increasing by 0.59%, reflecting heightened investor confidence amid hopes for a U.S.-Iran peace deal.
- Oil Price Volatility: Oil futures traded below $100 a barrel, with Brent crude futures rising about 1.35% to $97.44, while WTI crude futures fell approximately 5.6% to $91.18, indicating a market response to easing concerns over Middle Eastern energy shocks.
- U.S.-Iran Negotiation Progress: An Iranian delegation has traveled to Qatar for consultations, and President Trump stated on social media that negotiations are “proceeding nicely,” potentially paving the way for a future peace agreement, although he cautioned that failure to reach a deal could lead to renewed conflict.
- Global Market Response: Global stock markets reached record highs on Monday, despite U.S. markets being closed for Memorial Day, as investors remain attentive to potential shifts in Federal Reserve policy amid rising inflation concerns.
See More
Nokia and BlackBerry Stocks Surge Amid AI Boom
- Nokia Stock Surge: Nokia's stock rose approximately 10% to $15.72 on Friday, extending its one-month rally to over 55%, reflecting strong market confidence in its investments in AI infrastructure.
- AI Innovation Lab Launch: Nokia launched an AI Networking Innovation Lab in California, collaborating with partners like AMD and Supermicro to develop AI-native networking and automation technologies aimed at enhancing efficiency for AI training and inference workloads.
- BlackBerry's Successful Transformation: BlackBerry's stock jumped nearly 17% to $7.75, with the CFO stating that the company has transformed from a 'cash-burning business' into a profitable software company, achieving eight consecutive quarters of GAAP net income growth, indicating strong demand in emerging markets.
- Outstanding Market Performance: Year-to-date, Nokia's stock has surged 119.17% and BlackBerry's 86.02%, both significantly outperforming the S&P 500's 9.48% return, showcasing strong investor confidence in these companies.
See More
