BlackBerry (BB 8.43%) stock is posting big gains in Monday's trading. The company's share price was up 11% as of 11:15 a.m.
QNX Cabin simplifies the building of high performance, software-defined digital cockpits for cutting edge in-vehicle experiences Speeds time-to-market, boosts global developer collaboration, and cuts software development costs Major APAC-based OEM selects QNX Cabin to develop its next generation digital cockpit in the cloud LAS VEGAS, NV / ACCESSWIRE / January 6, 2025 / QNX, a division of BlackBerry Limited (NYSE:BB)(TSX:BB), today launched QNX® Cabin, an innovative framework that allows OEMs to virtualize the development of sophisticated digital cockpits in the cloud. Cloud-based development allows architects and developers to "shift left", designing testing and refining every line of code in the cloud before easily porting it to production System on Chip (SoC) hardware.
Free QNX Everywhere software resources now available, accelerating developers' ability to access, build, and deploy QNX-based systems LAS VEGAS, NV / ACCESSWIRE / January 6, 2025 / QNX, a division of BlackBerry Limited (NYSE:BB)(TSX:BB), today reaffirmed its commitment to making its high performance foundational software more broadly available for non-commercial use with a view to making embedded systems learning, experimentation and innovation easier than ever before. As part of the QNX® Everywhere initiative, which seeks to nurture and grow QNX's worldwide developer community, students, schools, research organizations, and hobbyists can now quickly and easily gain free access to the QNX® Software Development Platform (SDP) 8.0, along with complimentary resources and on-demand training to empower budding developers to sharpen their skills and build groundbreaking solutions and demos.
Divisional Name Change Builds on Brand Strength and Trust in QNX's Foundational Software WATERLOO, ON / ACCESSWIRE / January 2, 2025 / BlackBerry Limited (NYSE:BB)(TSX:BB) today announced a divisional name change and the relaunch of its QNX brand to boost recognition and reinforce its leadership within the automotive and general embedded industries. Previously named ‘BlackBerry IoT', the decision to rename the division as ‘QNX' and relaunch the QNX brand was shaped by input from customers, partners, employees and other stakeholders and it's revitalization represents an important milestone in QNX's storied history along with a recognition of its potential to play an even bigger role powering the next-generation Software-Defined Vehicles and mission-critical systems of the future.
BlackBerry (BB) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Though momentum in IoT bodes well, BB faces several external risks that could put pressure on its performance.
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.
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 Ltd BB stock surged upwards on Friday. The company reported third-quarter results after the market closed on Thursday.
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.
BB's fiscal third-quarter earnings surpass guidance. Revenues decline year over year due to tough comparisons.
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.