BlackBerry Ltd. (BB)
BlackBerry Rallies 47% in a Month: What is Driving the Stock?
Though momentum in IoT bodes well, BB faces several external risks that could put pressure on its performance.
BlackBerry Q3: The Cylance Aftermath
BlackBerry's divestiture of its Cylance assets highlighted ongoing revenue struggles and failed growth initiatives in cybersecurity. BlackBerry's revenue forecast was weak, with analysts still lowering estimates and the stock trading below comparable software companies. Management need to prove that the overall business can grow at a meaningful rate if shares are to see any upside.
Why BlackBerry Stock Is Skyrocketing Today
BlackBerry (BB 24.16%) stock is surging in Friday's trading following the company's recent earnings report. The tech specialist's share price was up 22.4% as of 2:15 p.m.
BlackBerry Growth Hinge On IoT, Secure Communications Despite Valuation Concerns: Analyst
BlackBerry Ltd BB stock surged upwards on Friday. The company reported third-quarter results after the market closed on Thursday.
3 Good Things About BlackBerry Q3 Earnings (Rating Upgrade)
BlackBerry stock surged from $2.35 to $3.49, driven by profitable Q3 results, with a gross margin of 74% and IoT revenue growth of 13%. The sale of BlackBerry Cylance will strengthen the balance sheet, allowing focus on IoT growth and potential M&A activities. Despite disappointing past under-performance, BlackBerry's streamlined operations and improved financial position make it a speculative buy, though caution is advised due to historical volatility.
BlackBerry's Q3 Earnings Top Estimates, Revenues Down Y/Y, Stock Rises
BB's fiscal third-quarter earnings surpass guidance. Revenues decline year over year due to tough comparisons.
BlackBerry Limited (BB) Q3 2025 Earnings Call Transcript
BlackBerry Limited (NYSE:BB ) Q3 2025 Results Conference Call December 19, 2024 5:30 PM ET Company Participants Martha Gonder - Director of Investor Relations John Giamatteo - Chief Executive Officer Tim Foote - Chief Financial Officer Conference Call Participants Todd Coupland - CIBC Luke Junk - Baird Kingsley Crane - Canaccord Genuity Paul Treiber - RBC Capital Markets Daniel Chan - TD Cowen Operator Good afternoon, and welcome to the BlackBerry Third Quarter Fiscal Year 2025 Results Conference Call. My name is Alicia, and I'll be your conference moderator for today's call.
BlackBerry Reports Third Quarter Fiscal Year 2025 Results
Beats top end of revenue guidance range for both Cybersecurity1 and IoT divisions; raises bottom end of full-year guidance range for IoT Delivers positive adjusted EBITDA1 and adjusted EPS1 above guidance range; GAAP basic EPS improves both sequentially and year-over-year Achieves milestone of positive operating and free cash flow ahead of schedule WATERLOO, ON / ACCESSWIRE / December 19, 2024 / BlackBerry Limited (NYSE:BB)(TSX:BB) today reported financial results for the three months ended November 30, 2024 (all figures in U.S. dollars and U.S. GAAP, except where otherwise indicated). "BlackBerry achieved a significant inflection in its results this past quarter.
BlackBerry to Divest Cylance Asset to Arctic Wolf, Stock Soars 15%
Arctic Wolf will acquire BB's Cylance tool for $160 million in cash and equity, integrating Cylance's capabilities into its AI-driven open XDR Aurora platform.
Why BlackBerry Stock Soared 16% Today
Shares of one-time smartphone leader BlackBerry (BB 13.76%) stock soared 16% through 11:40 a.m. ET Monday morning after the company announced it will sell its Cylance endpoint security assets to private cybersecurity operator Arctic Wolf.
BlackBerry sells Cylance for $160M, a fraction of the $1.4B it paid in 2018
Arctic Wolf has acquired Cylance, BlackBerry's beleaguered cybersecurity business, for $160 million — a significant write-down from the $1.4 billion BlackBerry paid to acquire the company in 2018.
Arctic Wolf and BlackBerry Announce Acquisition Agreement for Cylance
Arctic Wolf to enhance its Security Operations Aurora Platform with best-in-class endpoint prevention, detection, and response WATERLOO, ON and EDEN PRAIRIE, MN / ACCESSWIRE / December 16, 2024 / Arctic Wolf® and BlackBerry Limited (NYSE:BB)(TSX:BB), two global leaders in security software and services, today announced they have entered into a definitive agreement for Arctic Wolf to acquire BlackBerry's Cylance® endpoint security assets. Cylance is the pioneer of AI-based endpoint protection trusted by thousands of organizations around the world.
