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Tag: NYSE: BB

  • 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 Limited (NYSE: BB) stock flying high in the pre-market

    BlackBerry Limited (NYSE: BB) stock flying high in the pre-market

    Shares of BlackBerry Limited (NYSE: BB) up more than 20% to trade at $8.44 in early hours trading as the company confirmed that it would be hosting a fireside investors chat on Wednesday, December 2, 2020, to discuss the company’s new Intelligent Vehicle Data Platform for the production and promotion of BlakBerry’s Intelligent Vehicle Data Platform, IVY with Amazon Web Services, Inc. (AWS), an Amazon.com, Inc.’s (NASDAQ: AMZN) company. Automakers may use this knowledge to provide responsive driver and passenger experience services.

    “Data and interconnectedness open up new avenues for innovation in the automotive industry, and BlackBerry and AWS share a common vision to provide better insights for autos and developers in order to provide consumers with new services,” said John Chen, Chief Executive Officer, and CEO, BlackBerry. “Without sacrifices to protection, safety or consumer privacy, this softwareplatform promises to contribute to the inventiveness of the vehicles and helps to develop new apps, services and opportunities. Our partnership with AWS will be extended to implement this vision and deliver BlackBerry IVY.”

    “AWS and BlackBerry are constantly making it possible for every automaker of Amazon, Inc.’s Amazon Web Services, CEO Andy Jassy told BlackBerry that we will provide automakers with insights, skills, agility through our joint efforts with BlackBerry. The Amazon Web Services Inc. As car manufacturers aspire to advance in their digital transformations, BlackBerry IVY helps them to develop their brands and set the benchmark for automotive connected service.”

    Charles Eagan, BlackBerry’s Chief Technology Officer, and Vito Giallorenzo, Senior Vice President, Corporate Development & Strategic Partnerships at BlackBerry in conversation with Tim Foote, BlackBerry Investor Relations.

  • Here’s 10 Trending Stocks in Software – Infrastructure Industry

    Here’s 10 Trending Stocks in Software – Infrastructure Industry

    Tech stocks have been on fire lately. It appears that they continue hitting new record-breaking highs, for quite a while. Software is everywhere & considered to be the focal point of business innovation lately. The software industry made progress rapidly. The primary mode of software deployment has moved from legacy on-premise to cloud architecture with SaaS considered to be the preferred delivery mode.

    A number of significant organizations are running on Software and provided as online services from movies to agriculture, etc. Tech stocks keep pushing new highs as time passes. A number of silicon-valley styles entrepreneurial tech companies are winning the race.

    Here some of the booming software infrastructure stocks you should add to your list.

    Nutanix Inc. (NASDAQ: NTNX) shares were trading up 29.17% at $28.03 at the time of writing on Friday. Nutanix Inc. (NASDAQ: NTNX) share price went from a low point around $11.31 to briefly over $37.86 in the past 52 weeks, though shares have since pulled back to $28.03. NTNX market cap has remained high, hitting $4.33B at the time of writing, giving it a price-to-sales ratio of more than 3.

    If we look at the recent analyst rating NTNX, Robert W. Baird downgraded coverage on NTNX shares with a Neutral rating and a $28.71 price target, which implies room for 0.68% upside momentum this year.

    Microsoft Corporation (NASDAQ: MSFT) last closed at $228.91, in a 52-week range of $132.52 to $231.15. Analysts have a consensus price target of $226.93.

    Oracle Corporation (NYSE: ORCL) stock soar by 1.22% to $57.88. The most recent rating by Argus, on June 19, 2020, is at a Hold. Oracle saw a positive change in its earning growth and has been doing great lately compares to other companies that have been seeing a negative change in its growth.

    Square Inc. (NYSE: SQ) Shares headed rising, higher as much as 0.21%. The most recent rating by Mizuho, on August 27, 2020, is at a Buy.

    Dropbox Inc. (NASDAQ: DBX) rose 2.02% after gaining more than $0.41 on Friday. Dropbox, Inc saw a sharp increase in its share price movements in the recent months.

    NortonLifeLock Inc. (NASDAQ: NLOK) last closed at $24.05, in a 52-week range of $13.02 to $24.40. Analysts have a consensus price target of $24.33.

    BlackBerry Limited (NYSE: BB) stock soar by 3.98% to $5.23. The most recent rating by TD Securities, on April 01, 2020, is at a Hold.  BlackBerry (NYSE: BB) announced the Redemption of Existing Convertible Debentures. BlackBerry has given the notice of redemption to all holders of the 3.75% debentures. BB set the outstanding principal amount of the 3.75% Debentures is US$605 million.

    Okta Inc. (NASDAQ: OKTA) Shares headed falling, lower as much as -4.79%. The most recent rating by RBC Capital Mkts, on July 06, 2020, is at an Outperform. The return on capital employed ratio of Okta Inc. has disclosed that the current assets of the company are not helping it achieving higher returns.

    Box Inc. (NYSE: BOX) fall -1.19% after losing more than -$0.24 on Friday. Box, Inc. aimed to develop a solution and strived to build a platform that engaged in managing the content in the cloud.  The company has disclosed the stellar Q2 2021 earnings report. It has reported the revenue of US 1992.3 million. Its revenue beat analysts expectation as its recorded the 11%rise in Q2 revenue.

    CrowdStrike Holdings Inc. (NASDAQ: CRWD) last closed at $118.64, in a 52-week range of $31.95 to $119.94. Analysts have a consensus price target of $112.67. The stock of CrowdStrike Holdings has moved up more than 30% over the past 12 months. Its revenue rose 85% last quarter with the increase of its subscribers base.