BlackBerry (NYSE: BB) is pushing aggressively to the upside on April 9th after the cybersecurity and IoT firm posted a strong Q4 and issued impressive guidance for its fiscal 2027. The post-earnings rally helped BB break above its 100-day moving average (MA) – a significant technical development that often signals shifting momentum in favor of the bulls.
Blackberry (TSX:BB) shares rose about 10% in early trade on Thursday after the company reported stronger-than-expected fourth quarter fiscal 2026 results and issued guidance that topped analyst estimates, signaling continued momentum in its turnaround. The company posted revenue of $156 million for the quarter ended February, exceeding the consensus estimate of $144.4 million and marking roughly 10% year-over-year growth.
BlackBerry laid out its fiscal 2027 growth outlook after reporting a fourth-quarter profit, supported by robust revenue from its QNX real-time operating system segment.
BlackBerry on Thursday forecast first-quarter revenue above estimates, as the Canadian software company's turnaround gains traction on the back of strong demand across its cybersecurity and embedded software divisions.
BB heads into Q4 earnings with QNX growth, Secure Communications strength, rising cash flow and government deals amid macro and auto sector risks.
BB expands multi-year Canada deal, boosting SecuSUITE deployment and secure comms as UEM renewals lift revenue and FY2026 outlook.
BlackBerry remains in a downtrend but retains a 'buy' rating ahead of its Q4 earnings report. QNX's automotive market traction, including BMW adoption and rapid GEM design wins, is expected to drive future growth. QNX posted record quarterly revenue of $68.7 million, and Secure Communications delivered $67 million with a 72% adjusted gross margin.
BlackBerry (BB) closed at $3.24 in the latest trading session, marking a +2.86% move from the prior day.
BlackBerry (BB) concluded the recent trading session at $3.29, signifying a +1.86% move from its prior day's close.
BlackBerry (BB) reached $3.22 at the closing of the latest trading day, reflecting a -2.42% change compared to its last close.
BlackBerry (BB) concluded the recent trading session at $3.34, signifying a -2.34% move from its prior day's close.
BlackBerry has transitioned from its legacy smartphones to enterprise software. QNX and Secure Communications are now the majority of its business. QNX is the core growth pillar, supported by automotive wins, Software-Defined Vehicle initiatives, and a promising expansion into robotics. BB's Secure Communications is more of a core revenue contributor at this point. It offers high-trust software for governments and regulated industries.