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BlackBerry (TSX:BB) shares plummeted after the cybersecurity firm issued a weaker-than-expected revenue outlook. For Q1, BlackBerry said it expects revenue between $107 million and $115 million, below the consensus of $125.1 million.
BlackBerry Ltd. BB-1.06% shares tumbled 16.1% in premarket trading, as the cybersecurity company's weaker-than-expected outlook overshadowed better-than-expected fourth-quarter revenue and adjusted earnings.
Canada's BlackBerry forecast a revenue decline in fiscal 2026 on Wednesday, as it anticipated weak spending on its cybersecurity products.
Beats expectations for revenue for all three divisions: QNX, Secure Communications and Licensing; Surpasses the top-end of Q4 and full year guidance range for total Company revenue Beats expectations for profitability, with both adjusted EBITDA and adjusted EPS exceeding the high end of guidance range; GAAP basic EPS improves both sequentially and year-over-year Beats expectations for operating cash flow with significant sequential and year-over-year improvements WATERLOO, ON / ACCESS Newswire / April 2, 2025 / BlackBerry Limited (NYSE:BB)(TSX:BB) today reported financial results for the three months and fiscal year ended February 28, 2025 (all figures in U.S. dollars and U.S. GAAP, except where otherwise indicated). "BlackBerry closed out this transformational fiscal year with another quarter of strong financial performance from all three divisions: QNX, Secure Communications and Licensing.
BlackBerry Limited BB will release its fourth-quarter financial results, before the opening bell, on Wednesday, April 2.
BlackBerry (BB -0.88%) and Unity Software (U -4.96%) were both once high-growth tech stocks that lost their momentum and disappointed their investors. BlackBerry was once the world's top smartphone maker, but it lost that booming market to Apple's (AAPL -2.67%) iPhones and Android-powered devices.
BB's focus on opportunities in the IoT and cybersecurity space bodes well. Tough automotive backdrop and intense competition remain concerning.
BlackBerry's QNX unit deepens its alliance with Advantech to accelerate advancements in embedded systems, crafting solutions for mission-critical applications.
Companies to deliver pre-integrated solutions with a unified approach to market and product development targeting the MedTech, Robotics, Industrial Automation, A&D and AgTech sectors WATERLOO, ON / ACCESS Newswire / March 20, 2025 / QNX, a division of BlackBerry Limited (NYSE:BB)(TSX:BB) and Advantech, a leading provider of embedded platforms and services, today announced an expanded collaboration to better serve their joint-customers across the embedded systems industry. For over a decade, QNX and Advantech have cultivated a strong working relationship, delivering innovative, pre-integrated solutions for customers around the world building medical devices, industrial automation systems, transportation control systems, and other mission-critical embedded applications.
WATERLOO, ON / ACCESS Newswire / March 18, 2025 / BlackBerry Limited (NYSE:BB)(TSX:BB) will report results for the fourth quarter and fiscal year 2025 at 8:00 a.m. ET on Wednesday, April 2, 2025.