Following these transactions, Giamatteo holds 449,140 shares directly. The sales were executed as part of a routine process related to equity compensation, as indicated in the filing. BlackBerry (NYSE:BB), known for its cybersecurity solutions and software services, continues to be a significant player in the tech industry with a market capitalization of $2.4 billion. While currently unprofitable, analysts tracked by InvestingPro expect the company to return to profitability this fiscal year.
Following these transactions, Giamatteo holds 449,140 shares directly. The sales were executed as part of a routine process related to equity compensation, as indicated in the filing. BlackBerry, known for its cybersecurity solutions and software services, continues to be a significant player in the tech industry with a market capitalization of $2.4 billion. While currently unprofitable, analysts tracked by InvestingPro expect the company to return to profitability this fiscal year.
In other recent news, BlackBerry Limited has seen a significant surge in its QNX software backlog, leading Canaccord Genuity to increase its price target to $3.00, while maintaining a Hold rating on the company's shares. This is in line with adjustments by Baird and RBC Capital, who also raised their price targets, reflecting BlackBerry's recent sale of its cybersecurity unit, Cylance, to Arctic Wolf. BlackBerry's Q2 financial results for fiscal year 2025 reported a total revenue of $145 million, despite a non-GAAP operating loss of $4 million. Looking ahead to Q3, BlackBerry expects IoT revenue of $56 to $60 million and Cyber revenue of $86 to $90 million.
In a strategic move to strengthen its position in the automotive and embedded software markets, BlackBerry rebranded its IoT division to QNX. This has been coupled with the announcement of a partnership between its QNX division and Microsoft (NASDAQ:MSFT) to expedite the development of Software-Defined Vehicles (SDVs), integrating the QNX Software (ETR:SOWGn) Development Platform (SDP) 8.0 with Microsoft Azure. This collaboration is set to offer developers a robust cloud environment to innovate and refine automotive and Internet of Things applications.
These recent developments reflect BlackBerry's continued investment in and commitment to the QNX brand and the markets it serves. As a result, analysts from Baird, RBC Capital, and Canaccord Genuity have adjusted their financial outlooks for BlackBerry, maintaining a neutral outlook on the stock.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.