BlackBerry shares rose almost 6% to their highest level in over a year after a Wall Street Journal report highlighted strong momentum in its QNX automotive software business. QNX develops software for driver-assistance and vehicle technologies and is expanding into medical and industrial applications. The division generated $268 million in fiscal 2026, nearly half of BlackBerry's revenue, with QNX deployed in over 275 million vehicles worldwide. This growth supports BlackBerry's shift from smartphones to embedded software, boosting investor confidence in its turnaround strategy.

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BlackBerry downgraded by Barclays amid concerns over high valuation despite QNX growth.

Barclays downgraded BlackBerry from Overweight to Reduce due to concerns over its stock being "extremely overbought" after a 200% price surge in two months. Despite expected 15% revenue growth in its QNX software segment for fiscal 2027, BlackBerry's...

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BlackBerry shares jump nearly 6% on strong growth in automotive software division QNX.

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BlackBerry downgraded by Barclays amid concerns over high valuation despite QNX growth.

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BlackBerry shares jump nearly 6% on strong growth in automotive software division QNX.

More News (BB)

BlackBerry downgraded by Barclays amid concerns over high valuation despite QNX growth.

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