BlackBerry Ltd. (BB)
BlackBerry stock surges as first-quarter results top estimates on QNX, cybersecurity strength
Blackberry (TSX:BB) shares jumped nearly 21% on Thursday in New York and Toronto after the Canadian technology company posted first-quarter fiscal 2027 results that beat analyst expectations, driven by double-digit growth across its QNX automotive software and Secure Communications divisions. Revenue for the quarter came in at $152.9 million, up 26% year over year and well above the analyst consensus of $138.2 million.
Why is Blackberry stock surging over 20% today?
Shares of BlackBerry (BB) traded higher on Thursday morning after the company reported stronger-than-expected first-quarter results and raised its financial outlook for fiscal 2027. At the time of writing, BB stock was up more than 22% on the NYSE following the earnings release.
BlackBerry Sees New AI Opportunities as Embedded-Software Business Accelerates
BlackBerry lifted its fiscal 2027 outlook on higher first-quarter results, driven by embedded-software growth and expanding opportunities with artificial intelligence.
BB Stock Before Q1 Earnings: What's the Right Move for Investors?
BlackBerry heads into Q1 earnings with a $950M QNX royalty backlog, growing Secure Comms demand and expectations for positive operating cash flow.
BlackBerry Stock: Downgrading To Hold Ahead Of Its Q1 Earnings Report
BlackBerry Limited is rated a Hold ahead of its fiscal Q1 2027 report, with prior share gains driven by optimism in QNX and GEM segments. QNX and Secure Communications are key growth drivers, with QNX growing 14% and a $950 million backlog supporting future revenue. Cost restructuring, including the Cylance divestiture, removed a $150 million run rate, enabling eight consecutive quarters of improving GAAP net income.
BlackBerry (BB) Suffers a Larger Drop Than the General Market: Key Insights
BlackBerry (BB) closed the most recent trading day at $8.83, moving 3.71% from the previous trading session.
How is BB Leveraging Its Profitable Portfolio to Reward Shareholders?
BlackBerry is monetizing patents, growing profitable software units and buying back shares while investing in QNX and targeting positive cash flow.
Can BlackBerry's QNX Capitalize on Emerging GEM Opportunities?
BB targets growth beyond automotive as QNX expands into robotics, industrial automation and medical AI, with new wins and partnerships fueling momentum.
BlackBerry (BB) Declines More Than Market: Some Information for Investors
In the closing of the recent trading day, BlackBerry (BB) stood at $8.84, denoting a -4.84% move from the preceding trading day.
BlackBerry Completes The Turnaround And Is Positioned For Future Robotics Growth
BlackBerry (BB) has completed its turnaround, now positioning itself as a growth company focused on its QNX software platform. BB's valuation is elevated after a 180% rally, trading at 67.21x forward P/E and 10.12x forward P/S, well above sector medians. Management guides for FY2027 QNX revenue of ~$300M (15% growth), targeting expansion in automotive, robotics, and medical sectors.
BlackBerry Secure Comms Business Rebounds: Inflection Ahead?
BB's secure communications unit rebounds with rising defense demand, improved metrics and a projected return to growth in fiscal 2027.
Is BB Stock Still a Buy After a Triple-Digit Surge in 6 Months?
BlackBerry's 153.2% run is buoyed by strong performance as QNX posts record backlog, while Secure Comms shows renewed growth.
