Financial Wire

RBC on Blackberry Returning to Growth

-- 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%

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Market Chatter: US-Iran Deal Will Take 6 Months, European and Gulf Officials Say

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