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Tag: BlackBerry

  • Pre-Market Momentum Builds For BlackBerry (BB) On Strong Earnings

    Pre-Market Momentum Builds For BlackBerry (BB) On Strong Earnings

    As of the last check during pre-market trading, BlackBerry Limited (NYSE: BB) shares were on a significant increase, up 12.80% at $4.88. Following the announcement of strong financial results for the three months ending May 31, 2025, indicating a strong start to its new fiscal year, there was an early spike.

    Excellent Margin and Revenue Performance

    BlackBerry exceeded previous projections with a total revenue of $121.7 million. The non-GAAP gross margin was 75%, while the gross margin was 74%. Revenue from its QNX segment, which provides core software for embedded devices, increased by 8% year over year to $57.5 million.

    Moreover, the QNX segment exceeded forecasts with a gross margin of 81%. With $59.5 million in revenue and a 70% adjusted gross margin, Secure Communications saw a 6 percentage point rise in revenue over the previous quarter and a 4 percentage point gain over the previous year. Revenue from licensing was $4.7 million.

    Milestones of Profitability and Returns to Shareholders

    For the first time since Q4 FY22, BlackBerry achieved profitability with a GAAP net income of $1.9 million. Adjusted EBITDA exceeded projections at $16.4 million, while non-GAAP net income was $12.3 million. BB also returned $10 million to shareholders through the repurchase of 2.57 million common shares under its recently announced normal course issuer bid.

    Strategic Developments Across Business Units

    BB continues to make strides in its core segments. QNX introduced Hypervisor 8.0, based on the new SDP 8.0 architecture, supporting high-performance virtualization. WeRide launched an L2++ ADAS platform using QNX OS for Safety, while Leapmotor integrated QNX technologies in its new B10 electric SUV.

    Additionally, Direct ChassisLink Inc. (DCLI) deployed BlackBerry Radar across 100,000 chassis. BlackBerry AtHoc achieved a milestone by becoming the first critical event management solution to secure FedRAMP High authorization.

    Global Development and Innovation

    BlackBerry last month provided cybersecurity training scholarships to a large number of women cyber-defenders, people with limited educational and professional opportunities, and university instructors and students in honor of the Malaysia Cybersecurity Center of Excellence’s (CCoE) one-year anniversary.

    These changes reflect BlackBerry’s ongoing focus on innovation, security, and expanding global partnerships.

  • BlackBerry Ltd. (BB) on a roll; the potential of BB Stock in 2021

    BlackBerry Ltd. (BB) on a roll; the potential of BB Stock in 2021

    BlackBerry stock has nearly tripled since the first week of January and continues to push further.

    BlackBerry Ltd. (BB) has lagged over the last decade but it is time for the tech firm to rise from ashes once again. BB stock has almost more than tripled since the first week of 2021. As we write this in the pre-trading session, BB had soared over 41% to $19.78—trading at its 52-week high.

    Investors have been taking interest in BlackBerry Ltd. Recently—with an average trading volume of just above 28.5 million. The stock looks highly bullish and has moved into the buying zone. Since Jan. 13, BB has skyrocketed up to 88%, which is one of its biggest rallies since Feb. 2000.

    What’s pushing BlackBerry?

    BlackBerry is moving towards a new phase where things are going to get bigger and better for the Canadian software firm. The major push that derived the BB stock in the past week was BB’s conflict settlement with Facebook. However, the terms of the settlement weren’t disclosed.

    Back in 2018, BlackBerry filed a lawsuit against the social media titan, accusing Facebook of breaching Blackberry’s innovative messaging technology. After a two years court battle between the two companies, both have settled down their matter.

    Another massive update for the company comes with its collaboration with the e-commerce giant, Amazon. BlackBerry has been lagging a catalyst and it will finally get it in the form of AWS collaboration.

    In any sector which Amazon targets, the company makes sure that no stone is left unturned. That’s a big positive for BlackBerry—moving forward. Both the firms will work on the development of software for connected vehicles.

    In December 2020, BlackBerry reportedly signed a multi-year deal with Amazon to create software for automakers to read vehicle sensor data, improving the performance of cloud-connected vehicles. 

    BB’s is already working on software to enhance big data and analytics. Whereas, Amazon is already positioned as one of the leading software developers in the world. The Berry-Amazon deal could take this market by storm.

    Potentially, this deal could help BlackBerry to drive its financial position. The earnings of the company could sequentially improve over time with the effects of the Amazon deal showing results in the long-term.  

    Zacks has raised their earnings Consensus Estimate for BB to over 400% in the last three months. This means that analyst sentiment is stronger as the stock’s earnings outlook continues to improve.

    Conclusion

    The dark clouds that had covered BlackBerry Ltd. (BB) over a long period seem to clear out with the Amazon deal. BB has returned almost 12.22% since the beginning of the calendar year, while the rest of the Computer and Technology sector has returned an average of 1.29% on a year-to-date basis, as per Zacks. The sentiment around BB stock is high and it a strong buy at the moment.