15 stories mentioning BBUpdated 14d ago
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Philip S. Kurtz, Chief Legal Officer & Corporate Secretary, on July 14, 2026, sold 30,000 shares in Blackberry (BB) for $339,600. Following the Form 4 filing with the SEC, Kurtz has control over a total of 95,158 common shares of the company, with 95,158 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1070235/000107023526000094/xslF345X05/wk-form4_1784148468.xml
RBC Capital Markets raised its price target on BlackBerry (BB.TO, BB) to US$9 from US$4.50.Analyst Paul Treiber maintained a Sector Perform rating on shares of the Canadian software company following its fiscal Q1 results.The stock rose 10% to C$16.13 on the Toronto Stock Exchange Friday."BlackBerry reported its largest beat in the last year, due to solid development seat license sales at QNX and perpetual license revenue at Secure Comms," Treiber said in a note to clients."While quarters may be lumpy due to one-time revenue, BlackBerry is moving into a period of headline growth following a period of transformation," the analyst said.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)
Analysts at TD Securities and CIBC Capital Markets raised their price targets on BlackBerry (BB.TO, BB) to US$8 from US$5, and to US$13 from US$10, respectively.TD analyst John Shao maintained a Hold rating on shares of the Canadian software firm following its fiscal Q1 2027 results."Following the material FQ1 beat, we have raised our estimates to reflect commentary around a healthy outlook for both Secure Communications (SC) and QNX," Shao said in a note to clients."We sensed rising optimism on larger SC deals in the pipeline, and expanding license revenue supports acceleration within QNX," the analyst said. "Our new expectations land above the higher end of the guide as we believe management are continuing to exercise conservatism on the outlook."CIBC analyst Todd Coupland maintained an Outperformer rating on the stock."For investors, BB is moving from turnaround skepticism to a cleaner beat-and-raise/re-rate setup," Coupland said in a note to clients. "The debate now shifts to QNX backlog conversion, Alloy Kore/GEM design wins, and whether F2027 marks a stepchange in growth, operating leverage and value creation. We believe it does."(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)
Tech stocks were higher late Thursday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) up 0.3% and the State Street SPDR S&P Semiconductor ETF (XSD) adding 1.1%.The Philadelphia Semiconductor index climbed up 2.6%.In corporate news, Micron Technology (MU) shares jumped nearly 14% after it reported fiscal Q3 adjusted earnings and revenue that topped estimates, with Q4 guidance also beating consensus.BlackBerry (BB) on Thursday raised its fiscal 2027 guidance as growth in the embedded software solutions division helped buoy Q1 results. Its shares surged over 19%.Apple (AAPL) shares fell 5.9%. The tech giant increased iPad and MacBook prices amid surging memory and storage chip costs, news outlets reported.Alphabet's (GOOGL) Google is revamping its AI coding strike team to close the gap with Anthropic in the most profitable AI applications, The Information reported. Alphabet shares were shedding 0.6%.
Tech stocks were higher Thursday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 0.6% and the State Street SPDR S&P Semiconductor ETF (XSD) adding 2.6%.The Philadelphia Semiconductor index popped 3.6%.In sector news, the US is looking to partner with the EU on AI in an effort to secure supply chains for semiconductors amid increasing competition from China, Bloomberg reported, citing a draft statement of the proposal.In corporate news, Micron Technology (MU) shares jumped past 16% after it reported fiscal Q3 adjusted earnings and revenue that topped estimates, with Q4 guidance also beating consensus.BlackBerry (BB) on Thursday raised its fiscal 2027 guidance as growth in the embedded software solutions division helped buoy Q1 results. Its shares surged over 20%.Alphabet's (GOOG, GOOGL) Google is revamping its AI coding strike team to close the gap with Anthropic in the most profitable AI applications, The Information reported. Alphabet shares were down over 1%.
BlackBerry (BB) on Thursday raised its fiscal 2027 guidance as growth in the embedded software solutions division helped buoy first-quarter results.The company, once a major name in the smartphone industry, expects revenue of $594 million to $621 million in the year to February 2027, compared with the FactSet-polled consensus of $602.5 million. BlackBerry forecast revenue of $584 million to $611 million in April.BlackBerry raised the QNX revenue outlook to between $295 million and $312 million from the prior $290 million to $307 million range. The QNX division offers software solutions for the robotics industry, including advanced agricultural systems and autonomous mobile robots.Consolidated adjusted earnings are projected at $0.16 to $0.20 per share, up from $0.15 to $0.19 previously expected. Analysts estimate $0.18."We are particularly encouraged by the multi-year growth opportunities ahead in software-defined vehicles, including significant content expansion with the Alloy Kore platform, as well as broad opportunities in the general embedded market, especially physical artificial intelligence," Chief Executive John Giamatteo said in a statement.Alloy Kore is a vehicle software platform. BlackBerry's New York Stock Exchange-listed shares soared 19% in Thursday trade.For the quarter ended May 31, adjusted EPS rose to $0.04 from $0.02 a year earlier, topping five analysts' mean estimate that called for $0.03. Revenue increased 26% to $152.9 million from $121.7 million.QNX revenue increased 26% year over year to $72.3 million, while secure communications rose 24% to $73.6 million."We exceeded expectations for revenue, profitability, and cash generation through solid performance by our world class QNX and secure communications teams," Giamatteo said.Operating cash flow was $4.6 million, BlackBerry's first cash positive fiscal first quarter in nine years, excluding the patent portfolio sale in fiscal 2024.The company expects consolidated second-quarter revenue of $137 million to $148 million and adjusted EPS of $0.03 to $0.04.
US equity markets were pointing higher before the opening bell Thursday as traders parse Micron Technology's (MU) latest financial results and await key inflation and economic data.The S&P 500 rose 0.8%, the Dow Jones Industrial Average edged up 0.1% and the Nasdaq increased 2.2% in premarket activity. The S&P 500 and Nasdaq closed Wednesday trading down for the third consecutive session, while the Dow finished in the green.Shares of Micron jumped 16% pre-bell as the semiconductor manufacturer issued an upbeat fiscal fourth-quarter outlook and reported stronger-than-expected results for the prior three-month period.Micron's "stellar" earnings report eased tech investors' concerns about the artificial intelligence and memory trade, Wedbush Securities said in a Wednesday client note."The tech sector and chip trade still has a lot of room to go higher over the coming months as the stellar demand trends from our recent Asia checks gives us further confidence to own tech stocks into the second half of 2026 with a stronger growth trajectory ahead," according to the brokerage.Qualcomm's (QCOM) stock rose 12% after the company agreed to acquire software infrastructure firm Modular in a roughly $3.92 billion deal. Nvidia (NVDA) gained 1.4%, while Intel (INTC) advanced 5.4%.Bio-Techne (TECH) spiked 22% as the firm agreed to be acquired by Germany's Merck KGaA in a deal worth $11.3 billion.The personal income and outlays report for May is scheduled to be released at 8:30 am ET. The report includes the personal consumption expenditure core price index, the Federal Reserve's preferred inflation metric.Treasury yields rose in premarket action, with the two-year rate advancing 1.3 basis points to 4.15% and the 10-year rate adding 0.8 basis points to 4.41%.Thursday's economic calendar also has the third and final estimate report of the first-quarter gross domestic product at 8:30 am, along with the weekly jobless claims bulletin, the durable goods orders report and the Chicago Fed national activity index, both for last month. The Kansas City Fed manufacturing index for June posts at 11 am.New York Fed President John Williams is slated to speak at 3:40 pm, while Chicago Fed President Austan Goolsbee speaks at 6:30 pm.West Texas Intermediate crude oil declined 1.1% to $69.54 a barrel before the open, while Brent decreased 1.4% to $72.72.Iran's Islamic Revolutionary Guard Corps reportedly said Wednesday it would be "unacceptable and dangerous" for ships to transit new routes through the Strait of Hormuz without coordination with Tehran, CNBC reported, citing local state media.In an emailed report on Wednesday, Stifel said 39 ships moved through the crucial waterway on Monday, still well below the usual average of over 100, but a strong improvement after more than three months of a complete halt in traffic.Darden Restaurants (DRI), TD Synnex (SNX), McCormick (MKC), Acuity (AYI), Commercial Metals (CMC) and BlackBerry (BB) report their latest financial results before the bell, among others.Gold slipped 0.2% to $4,002 per troy ounce, while bitcoin gained 3% to $61,489.
BlackBerry (BB) needs to show evidence of top-line growth or continued momentum of its general embedded market, or GEM, segment to sustain its upward re-valuation, RBC Capital Markets said in a Thursday note.The company's shares have already re-rated upward to multiyear highs driven by optimism over its GEM segment, and greater visibility into GEM revenue, growth, backlog and backlog conversion could boost valuation re-rating further, the brokerage said.BlackBerry previously said GEM accounted for 20% of the revenue under its QNX business, implying that GEM's revenue growth has averaged low-to-mid teens over the last year and that the segment is likely growing faster than QNX, according to the note.For fiscal Q1, RBC expects BlackBerry to reach the high-end of its guidance and close in on the consensus forecast of $138 million in revenue. The company is set to release its fiscal Q1 results on June 25.RBC reiterated its sector perform rating on BlackBerry, with a $4.50 price target.Shares of the company were down 3.9% in Thursday trading.Price: $8.49, Change: $-0.35, Percent Change: -3.91%
CIBC Capital Markets maintained an outperformer rating on the shares of BlackBerry (BB, BB.TO), while raising its price target to US$10.00 from US$8.50 on Tuesday, and provided fiscal first-quarter preview for the company.CIBC noted BlackBerry reports its "typically seasonally low FQ1" on June 25 before the open, with FQ2/F2027 guidance updates.CIBC expects a "clean print and constructive guide that reinforce improving fundamentals, visibility, and a path to profitable growth" across QNX and Secure Communications."For traders and PMs, the setup is catalyst-rich: the debate is shifting from turnaround credibility to backlog growth, conversion, and QNX execution," said CIBC. "A clean Q1 and strong F2027 commentary can sustain momentum into F2027/F2028, with upside to a conservative framework and a path to the high end of guidance."Management's message at CIBC's Technology & Innovation Conference was stronger, noted CIBC, signaling "better visibility and profitable growth" across both segments."Continued execution should move perception toward growth quality, margin expansion, and re-rate potential," added CIBC.CIBC's F2027 forecast is aligned with BlackBerry's guidance, it said and added that guidance and FactSet forecasts are "below reported trends."According to CIBC, QNX can deliver double-digit revenue growth of over 12% Y/Y based on a higher backlog, an increase in its pipeline, and that ~50% of revenues are outside the U.S. in Europe, Japan, Korea, and China.For QNX, CIBC believes the business has a "highly attractive setup" for the rest of 2026, with the "likely possibility of Alloy Kore and GEM wins that could result in a significant increase in backlog"."We also believe that with defense spending set to increase across the world, SC is now positioned to grow - for the first time in six years - benefiting in each of its three business units," added CIBC. "Finally, as revenue increases it should deliver positive operating leverage and higher EBITDA margins as F2027 progresses. This places BlackBerry in a position to meet, and possibly exceed its conservative guidance."CIBC raised its price target, based on its F2028 estimates, including QNX at 10x from 8x EV/sales and 42x from 35x EBITDA, it said."Bottom line, the stock has a cleaner earnings setup, improving execution proof points, and a dense catalyst path; we view risk/reward as attractive for a continued QNX-led re-rate," added CIBC.Price: $9.24, Change: $+0.07, Percent Change: +0.76%
Dell Technologies' (DELL) shares soared 16.6% after Wells Fargo raised its price target to $270 from $180.More than 10.6 million shares of the company traded intraday compared with a daily average of about 8 million.CIBC Capital Markets raised its price target on BlackBerry (BB) to $8.50 from $6, with Analyst Todd Coupland maintaining an outperformer rating on the shares."...Management signalled better operating visibility and a clearer path to profitable growth across both QNX and Secure Communications," Coupland said in a note to clients.Shares of BlackBerry jumped 18% amid a surge in intraday trading volume to over 34.6 million from a daily average of roughly 15.9 million.Akari Therapeutics (AKTX) reported positive preclinical data highlighting synergistic cytotoxic activity of AKTX-101 in combination with KRAS inhibition in KRAS-mutated pancreatic cancer models.Shares more than doubled as intraday trading volume catapulted to over 17.2 million from a daily average of about 68,000.Price: $294.87, Change: $+42.07, Percent Change: +16.64%
CIBC Capital Markets raised its price target on BlackBerry Ltd. (BB.TO, BB) to US$8.50 from US$6.Analyst Todd Coupland maintained an Outperformer rating on shares of the Canadian software company following CIBC's Technology & Innovation Conference on May 21."...Management signalled better operating visibility and a clearer path to profitable growth across both QNX and Secure Communications," Coupland said in a note to clients."For PMs, the key debate is increasingly shifting from turnaround credibility to the pace and durability of backlog growth and conversion, with QNX execution the most important driver of upside," the analyst said."In our view, that setup supports sustained momentum into F2027 and F2028, with a credible path to the high end of guidance - and potential upside versus what still looks like a conservative framework," Coupland said."We believe that if BlackBerry continues to execute, the stock will increasingly be valued on improving growth quality and margin progression rather than legacy skepticism."
BlackBerry's (BB) QNX division said Monday it has expanded its collaboration with Nvidia (NVDA) to further development of edge artificial intelligence across robotics, medical and industrial systems.The collaboration integrates the QNX OS for Safety 8.0 with Nvidia IGX Thor platform and the Halos Safety Stack, allowing developers to consolidate real-time controls and safety concepts into a microkernel-based real-time operating system, according to the QNX division.Financial details related to the expanded collaboration were not disclosed.Shares of BlackBerry were up 14% in Monday trading.Price: $5.55, Change: $+0.69, Percent Change: +14.12%
QNX, a division of BlackBerry Limited (NYSE and TSX:BB) announced earlier Monday an expansion of its collaboration with NVIDIA to enable developers to "build and deploy next generation, safety critical edge" AI systems on NVIDIA IGX Thor.A statement noted the expanded relationship sees QNX OS for Safety 8.0 integrated with NVIDIA IGX Thor and Halos Safety Stack.QNX announced over the weekend that Chinese electric vehicle company, Leapmotor, has selected QNX technology to serve as the foundational software platform for its forthcoming premium electric SUV, the D19. Shares in BB were down 0.8% at last look in US premarket amid a lower U.S. futures market.
RBC Capital Markets on Friday said BlackBerry (BB.TO, BB) reported solid fourth-quarter results that beat RBC and consensus estimates.The company's fiscal 2027 revenue guidance also flagged improved growth, above expectations, notes analyst Paul Treiber, who is nevertheless maintaining a sector-perform rating and US$4.50 price target on the stock to reflect compression in software peer valuations.The company is benefitting from increasing uptake of its expanded QNX portfolio: management sees middleware as an emerging opportunity, and initial interest appears positive, with Mercedes-Benz currently in discussions, Treiber notes.Secure Communications also returned to growth with BlackBerry seeing increasing demand from governments related to digital sovereignty.Price: $5.29, Change: $+0.04, Percent Change: +0.76%
US equity markets were trending lower before the opening bell Thursday as investors assess uncertainty over the recent two-week ceasefire deal between the US and Iran, and await a key inflation report.The S&P 500 and the Dow Jones Industrial Average declined 0.3% each in premarket activity, while the Nasdaq was off 0.2%. The indexes finished Wednesday's trading in the green, recording their highest close in at least four weeks.In a Wednesday post on X, Iran's parliamentary speaker, Mohammad Bagher Ghalibaf, said the US violated three clauses of Tehran's 10-point ceasefire proposal. The violations include Israel's attacks on Lebanon, the entry of a drone into Iranian airspace and the denial of Tehran's right to enrich uranium, according to Ghalibaf."The deep historical distrust we hold toward the (US) stems from its repeated violations of all forms of commitments - a pattern that has regrettably been repeated once again," Ghalibaf said. "In such situation, a bilateral ceasefire or negotiations is unreasonable."In a late Wednesday post on Truth Social, President Donald Trump said US ships, aircraft and military personnel will "remain in and around Iran" until the "real agreement reached is fully complied with.""It was agreed, a long time ago, and despite all of the fake rhetoric to the contrary - no nuclear weapons and, the Strait of Hormuz will be open and safe," according to Trump.On Tuesday, Trump announced that he agreed to suspend attacks on Iran for a period of two weeks, subject to Tehran agreeing to the complete and safe opening of the strait, the world's most important chokepoint for crude flows. Iranian Foreign Minister Seyed Abbas Araghchi had said in a statement that the country will allow "safe passage" through the strait during the two-week ceasefire through coordination with its armed forces and "with due consideration of technical limitations."Delegations from both countries are scheduled to meet in Islamabad, Pakistan on Friday to negotiate a "conclusive agreement to settle all disputes," Pakistani Prime Minister Shehbaz Sharif said Tuesday.West Texas Intermediate crude oil rose 3.5% to $97.70 a barrel before the open, while Brent increased 3.3% to $97.87."The headlines may calm down first, but the real reset depends on what happens in the days ahead," Charu Chanana, chief investment strategist at Saxo Bank, said in a report Wednesday.The delayed personal income and outlays report for February is scheduled to be released at 8:30 am ET. The report includes the personal consumption expenditure core price index, the Federal Reserve's preferred inflation metric.Minutes from the Federal Reserve's March meeting showed Wednesday that participants emphasized the need for the central bank to be "nimble" in adjusting monetary policy amid heightened macro risks. Most policymakers were concerned that a prolonged war could soften labor market conditions, possibly warranting policy easing, according to the minutes. However, persistent inflation amid higher oil prices could call for rate increases.Markets widely expect the Fed to keep its benchmark lending rate steady at its next policy meeting later in April, according to the CME FedWatch tool.Treasury yields were down in premarket action, with the two-year rate retreating 0.5 basis points to 3.79% and the 10-year rate off 0.4 basis points to 4.29%.Thursday's economic calendar also has the delayed final estimate report for the fourth-quarter gross domestic product at 8:30 am, as well as the weekly jobless claims report.Shares of Constellation Brands (STZ) declined 0.9% pre-bell after the beer and wine company issued a full-year earnings outlook below Wall Street's estimates.Neogen (NEOG), BlackBerry (BB) and Simply Good Foods (SMPL) report their latest financial results before the bell, among others. WD-40 (WDFC) posts its earnings after the markets close.Gold sipped 0.5% to $4,752 per troy ounce, while bitcoin nudged up 0.2% to $71,399.
