BB
Daily closes · 1Y (252 sessions) · +107.1% · range 3.15–12.81
Score trends appear once the scores have been recorded on more than one trading day.
The Businesswhat the company reports
Business & cash flow
| FCF / revenue | — |
|---|---|
| Gross margin | 0.0% |
| ROIC | 0.0% |
| Forward P/E | 34.3 |
No annual filing with both total assets and a cash-flow figure is cached for this name, so neither validated measure can be computed. FCF/revenue is shown instead, which is not the validated measure.
What the company does
Founded in 1984, the Company equips, leading automakers, governments and regulated industries with secure, reliable software that drives productivity, resilience and mission-critical performance. . Based in Waterloo, Ontario, the Company has two core divisions, QNX and Secure Communications, each addressing large and growing market opportunities. The Company’s QNX division develops safe, reliable software for embedded systems across technology-driven industries, including automotive, medical devices, robotics, and industrial automation. The world’s leading automotive OEMs and Tier 1 suppliers rely on QNX® technology, which enables more than 275 million vehicles. The Company’s Secure Communications division delivers operational resiliency with a government-grade portfolio of secure, certified solutions for mobile fortification, critical communications and crisis management.
From the company's most recent annual report filed with the SEC, shown as filed — this is the company describing its own business, not a Brown Bear assessment. Read the filing.
Price vs Earnings growth
Forward EPS growth has outpaced trailing price return by +21.4pp
Confidence 95.0/100
Drivers
| Forward EPS growth | +128.6% |
|---|---|
| Trailing price return (1y) | +107.1% |
| Forward P/E compression | +56.2% |
Figures
| Trailing EPS | 0.10 |
|---|---|
| Forward EPS | 0.23 |
| Trailing P/E | 78.30 |
| Forward P/E | 34.26 |
Takeaway Earnings growth is outpacing price — consistent with the stock not yet fully reflecting its improving forward estimates.
Valuation: dearer or cheaper than usual
Brown Bear holds too few quarterly filings for this company to measure a valuation range.
Debt levels
| Total debt | $196.8M |
|---|---|
| Cash & equivalents | $256.8M |
| Net debt | −$60.0M |
| Debt / equity | 0.26x |
From the balance sheet in the company's most recent SEC filing (as of 2026-05-31) — not scored or gauged. "Healthy" debt varies hugely by industry: a utility or a REIT normally carries far more leverage than a software company as a matter of course, so this is context to weigh against the rest of the page, not a pass/fail reading. Net debt is negative here — the company holds more cash than debt.
The Pricewhat the chart is doingTop ↑
Price Levels
| Strategy | Current Price Reasonable |
|---|---|
| Reference band | 7.71 — 7.91 |
| Protective stop | 6.92 (Atr, 11.4% risk) |
| Support | 7.66 (2 touches, 2.2% away) |
| Resistance | — (— away) |
Takeaway The shares are about 2.2% above 7.66, a price buyers have stepped in at before. There is no ceiling to point to, because the stock is trading where it has not traded before and nobody has sold it at these levels. That floor has held 2 times, which is how it was spotted. If someone bought at today's price and sold if it dropped through the level below, they would be about 11.4% out of pocket. That is all this figure means — an illustration of the risk, not a price to sell at.
Levels are computed from price structure. They describe where the engine locates support and extension — they are not targets, and not advice.
Ichimoku Cloud (Adaptive)
| Daily cloud | Price BELOW the cloud | periods 8/22/44 (85% of classic 9/26/52) |
|---|---|
| Lines | Tenkan/Kijun BEAR | cloud twist BEAR |
| Cloud event | Fresh down breakout 2d ago |
| Cloud thickness | 98% percentile (thick — substantial structure) |
| Chikou span | Not clear of price from 26 periods ago |
| Weekly cloud | Price BELOW the weekly cloud (context only, not scored) |
Takeaway The stock is trading below its cloud — a shaded band drawn from several of its own moving averages, currently 8.43 to 10.61. Being below it means the medium-term picture is pointing downwards, and that band is the first hurdle it would have to climb back through. Its shorter-term averages agree with that. The band is unusually wide at the moment, so it marks a broad zone rather than a single level.
Trailing returns
| 21 days | -8.1% |
|---|---|
| 63 days | -24.1% |
| 126 days | +129.6% |
| 252 days | +104.4% |
| Below 252d high | 38.9% |
Trend context
| Position | Below trend |
|---|---|
| Extension | Normal |
| Trend slope | Falling |
| Direction of travel | Holding its deviation |
Takeaway The share price is below the level its own longer-run trend suggests is fair, and that fair level is drifting down. The gap between the two has been fairly steady. Neither is stretched far enough to stand out.
Volatility
| State | Expanded out of a squeeze |
|---|---|
| Current band width | 21.7% of price |
| Recent tightest | 14.2% (9 sessions ago, narrower than 83.0% of its history) |
| Expansion since | 1.53× |
| Band | 7.53 — 9.35 |
Takeaway Lately this share price has been swinging around inside a range roughly 22% wide, and it recently went unusually quiet — calmer than it has been 83% of the time. It has started moving again since, swinging about 1.5 times as widely as during that quiet spell. A stock that has been quiet tends to make its next move look big by comparison, simply because the recent bar was low.
Repair Pathway
- Nearest Trigger MACD histogram above zero 0.00 gap is improving · Broadly stable
- Trigger 2 Relative momentum leadership holds already satisfied Track 2 pathway: relative momentum leadership is already present; maintaining it supports upgrade pressure · Broadly stable
- Trigger 3 MACD bullish crossover line/signal spread gap is improving · Broadly stable
- Trigger 4 +DI back above -DI repair trigger repair engine identifies this as the nearest technical repair catalyst · Deteriorating rapidly
- Trigger 5 Relative strength stabilisation state change relative momentum rank supports RS stabilisation · Broadly stable
Who's Tradingthe flow behind the priceTop ↑
Insider activity
| Activity | Insider selling |
|---|---|
| Buy filings | 0 |
| Sell filings | 6 |
| Shares sold | 310,308 |
| Value sold | $3.5m |
| Latest sell | 2026-07-14 |
| Filed | Insider | Shares | Value |
|---|---|---|---|
| 2026-07-14 | Sold Kurtz Philip S.CLO & Corp. Secretary | 30,000 | $339,600 |
| 2026-07-09 | Sold GIAMATTEO JOHN JOSEPHCEO & President, Secure Comm. | 4,800 | $54,096 |
| 2026-07-09 | Sold GIAMATTEO JOHN JOSEPHCEO & President, Secure Comm. | 120,200 | $1,376,290 |
| 2026-07-09 | Sold GIAMATTEO JOHN JOSEPHCEO & President, Secure Comm. | 27,012 | $294,971 |
| 2026-07-09 | Sold Armstrong-Owen JenniferSr VP & Chief People Officer | 3,296 | $35,992 |
| 2026-07-08 | Sold GIAMATTEO JOHN JOSEPHCEO & President, Secure Comm. | 125,000 | $1,375,000 |
Open-market Form 4 purchases and sales over the last 75 days, read from SEC EDGAR Form 4. Grants, option exercises, gifts and shares withheld for tax are excluded — they are compensation mechanics, not a decision to buy or sell. Reported Form 4 activity. Brown Bear tested insider cluster-buying as a return signal and rejected it as era-unstable; shown as fact, not signal.
Insider timeline
| Insider | Filings | Shares | Value |
|---|---|---|---|
| Sold GIAMATTEO JOHN JOSEPHCEO & President, Secure Comm. 2026-07-08 – 2026-07-09 (2 days) | 4 | 277,012 | $3.1m |
| Sold Kurtz Philip S.CLO & Corp. Secretary 2026-07-14 | 1 | 30,000 | $339.6k |
| Sold Armstrong-Owen JenniferSr VP & Chief People Officer 2026-07-09 | 1 | 3,296 | $36.0k |
Open-market purchases and sales only, grouped by person over the last 75 days — one decision is often split across several filings, so the number of filings is not the number of buyers. Sold $3.5m across 3 people. Grants, option exercises, gifts and shares withheld for tax are excluded. Brown Bear has not found insider buying to predict returns on its own, so this is a record of what was filed, not a recommendation.
Volume confirmation
| Volume-price trend | Below its signal line |
|---|---|
| Confirmation | Marginal |
No absorption or distribution event in the recent window.
Takeaway The heaviest trading has been happening on days when the price falls: when large numbers of shares change hands, the price has tended to go down rather than up. That tells you where the weight of trading has been. It does not tell you what happens next, and it is not a signal to sell.
Options Positioning
No binary-event flag
BB: no binary-event flag. Near IV 56%, far IV 68% (ratio 0.81), implied move 7.3%.
| Implied volatility | 56% near (10d) · 68% far (108d) |
|---|---|
| Term structure | 0.81× near/far |
| Historical volatility | 56% |
| Implied vs historical | 0.99× |
| Implied move | ±7.3% by 2026-09-11 |
| Implied move vs ATR | 0.51× |
| Skew | Flat (0.96×) |
| Call wall | 10.00 (+27.7% away) |
| Put wall | 7.00 (-10.6% away) |
| Gamma pin | 7.00 |
Takeaway Insuring against a move in this stock costs less for the next few weeks than for the next few months, which is the normal state of affairs and suggests no particular date is worrying anyone. Options traders are positioned for a move of around 7.3% in either direction by 2026-09-11.
Chain as at 2026-09-01. This is a risk read on whether a specific event is being priced — not a directional view.
Context & Methodthe record, and how it was builtTop ↑
Relative Rotation
Sector Headwind / Stock Mixed
Rotation health 45.0/100; Mixed Rotation.
| Rotation health | 45.0 |
|---|---|
| Rotation strength | 71.3 |
| Leg | Quadrant | RS-Ratio | RS-Mom |
|---|---|---|---|
| Stock vs sector | Lagging | 97.8 | 94.5 |
| Stock vs SPY | Weakening | 105.7 | 99.9 |
| Sector vs SPY | Weakening | 107.1 | 85.2 |
Direction of travel: South-East / trend strong but momentum cooling
Position only. Brown Bear's RRG redesign programme is closed — five constructions, none beat an appropriate null — so this section describes where the name sits, and is not a signal.
News Headlines
- Loading headlines\u2026
Headlines are supplied by third-party feeds and are not written, ranked or interpreted by Brown Bear. They feed no score on this page.
Detailed Scoring
Positive signals
- Piotroski F-score 5/9 (+5.0)
- Altman Z-score 3.00 (+3.0)
- High earnings quality (accrual ratio 0.000) (+1.0)
- Track 2: MACD slope expanding (+2.0)
- Track 2: 20-day momentum acceleration 0.08 (+8.0)
- Track 2: ADX 22.9 and rising (+10.0)
- Track 2: relative momentum rank 0.96 (+15.0)
- Track 2: RSI trend quality 36.1, 5-day change +5.2 (+3.4)
- Track 2: Bollinger position 0.17 (+1.3)
Negative signals
- Underperforming sector over 20 days
- Track 2: weak MACD line/signal structure (-5.0)
- Track 2: negative MACD regime (-8.0)
- Track 2: weak volume for momentum setup (0.99x average)
- Relative strength versus sector deteriorating
- Track 2: bearish DI spread (-10.8)
- Track 2: price below EMA20 by 6.4%
- Track 2: EMA20 slope deteriorating -2.0%
- Track 2: weak VPT confirmation (-0.00)
- Track 2: price below EMA50 by 8.9%
- Track 2: EMA50 slope deteriorating -3.0%
- FCF margin unavailable: revenue missing from fundamentals cache
- Track 2 structural exemption: structural score 9.0/100 below the 25 quality floor; this is an unowned speculative candidate, so the universal SELL gate was skipped and the Track 2 momentum/RRG grid was allowed to evaluate instead. Structural quality here is weak by design for this kind of candidate -- treat any resulting BUY as higher risk than a Track 1 signal.
Chase risk is not elevated for this name, so extension penalties are omitted from the negative signals above.