BlackBerry Limited's fiscal Q4 report showed top and adjusted bottom line beats, but management gave disappointing guidance for the current year. The Cylance sale brought in some cash, but revenue estimates continue to drop, with Secure Communications dragging down the company. BB stock's valuation is fair compared to peers, but consistent revenue declines could provide an overhang on shares in...
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.
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 operatin...
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