BlackBerry Limited
BBBlackBerry Limited is a technology company historically known for its innovative smartphones and secure communication solutions. Originally a leading provider of mobile phones, the company has transitioned to focus on enterprise cybersecurity, threat intelligence, and embedded software for various industries, including automotive and IoT.
Company News
BlackBerry stock fell 13.7% despite beating Wall Street's earnings expectations with Q3 revenue of $141.8M and adjusted EPS of $0.05. The company raised its lower-end full-year guidance but left top-end targets unchanged, disappointing investors who expected more bullish outlooks. With the stock trading at 48x trailing earnings and year-over-year...
The Automotive Hypervisor Market is projected to grow from $171 million in 2022 to $566 million by 2027, with a 27.0% CAGR, driven by increasing demand for ECU consolidation and advanced automotive safety features.
The cybersecurity landscape is evolving with quantum computing threats, prompting companies to develop quantum-safe encryption solutions and secure communication platforms to protect against emerging cyber risks.
BlackBerry's stock fell over 5% after TD Cowen analyst Daniel Chan resumed coverage with a neutral recommendation and $5 price target, citing concerns about recent stock price appreciation despite potential business pivot opportunities.
Multiple stocks saw significant gains on Friday, with Crinetics Pharmaceuticals leading the pack after FDA approval, while other companies like BlackBerry, Perpetua Resources, and Scholar Rock also experienced notable stock price increases.
