Tag: $Blackberry

BlackBerry (BB) on Thursday forecast first-quarter revenue above estimates, as the Canadian software ​company’s turnaround gains traction on the back of strong demand across ‌its cybersecurity and embedded software divisions.

Canada’s BlackBerry raised its fiscal 2026 revenue forecast on Thursday, banking on strong demand for its cybersecurity software amid a rise in online hacking.

Shares of BlackBerry fell 1.7% after hours on Wednesday after the security-software maker forecast fourth-quarter sales that were below Wall Street’s expectations. 

BlackBerry Ltd. shares rose in the extended session Wednesday after the company announced it planned to spin off its Internet-of-Things business in an initial public offering.

BlackBerry’s loss narrowed in the second quarter even as revenue was down from a year earlier.

BlackBerry forecast a 21.4% decline in its second-quarter revenue due to weakness in the Canadian technology company’s cybersecurity segment, sending its U.S.-listed shares nearly 10% lower in extended trading on Wednesday.

BlackBerry posted a surprise profit for the first quarter on Wednesday as its cybersecurity business benefited from higher client spending, while its enterprise software continued to gain traction in automotive sector.