Canada's BlackBerry forecast a revenue decline in fiscal 2026 on Wednesday, as it anticipated weak spending on its cybersecurity products.
BlackBerry Limited BB will release its fourth-quarter financial results, before the opening bell, on Wednesday, April 2.
BlackBerry (BB -0.88%) and Unity Software (U -4.96%) were both once high-growth tech stocks that lost their momentum and disappointed their investors. BlackBerry was once the world's top smartphone maker, but it lost that booming market to Apple's (AAPL -2.67%) iPhones and Android-powered devices.
BB's focus on opportunities in the IoT and cybersecurity space bodes well. Tough automotive backdrop and intense competition remain concerning.
BB's strategic initiatives and focus on IoT business bodes well. Tough backdrop in automotive and stiff competition are concerns.
Shares of tech company BlackBerry (BB -0.84%) have been falling in recent days, but it has been a tremendous stock to own in the past six months, nearly doubling in value over that stretch and hitting a new 52-week high along the way. There's growing excitement around the business, as it announced some promising results late last year, and that has helped fuel the stock's rally.
BlackBerry (BB) closed at $4.71 in the latest trading session, marking a -0.84% move from the prior day.
BlackBerry: A High Change Turnaround After Cutting Cylance To Power QNX Expansion
BlackBerry (BB) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
BlackBerry's strategic pivot to software, focusing on IoT and cybersecurity, has driven a significant stock rally and renewed investor confidence. The QNX unit's robust growth in the automotive and industrial sectors, along with strategic partnerships, positions BlackBerry for long-term success. The sale of Cylance's assets enhances BlackBerry's profit margins, allowing a stronger focus on its core Secure Communication business.
BlackBerry (BB -3.13%) stock is surging higher in this week's trading. According to data from S&P Global Market Intelligence, as of noon ET this Friday, the company's share price was up 9.7% from last week's market close.
BlackBerry (BB) closed the most recent trading day at $5.91, moving +1.55% from the previous trading session.