Following first quarter outcomes that have been cheered by the road, CIBC analyst Todd Coupland has maintained his “Purchase” ranking and (U.S.) $6.00 value goal on BlackBerry (BlackBerry Inventory Quote, Chart, Information, Analysts, Financials NYSE:BB).
On June 24, BlackBerry reported its Q1, 2026 outcomes. The corporate posted Adjusted EBITDA of $16.4-million on income of $121.7-million
“BlackBerry made a powerful begin to the brand new fiscal 12 months, constructing on the stable basis we as an organization have laid over the previous 12 months,” mentioned John J. Giamatteo, CEO, BlackBerry. “Each our QNX and Safe Communications divisions proceed to execute successfully towards their methods, beating each high line and profitability expectations. BlackBerry’s stable steadiness sheet and plan for persevering with profitability and money technology this fiscal 12 months allow us to allocate capital effectively, with $10 million of share buybacks executed this previous quarter.”
Shares of BlackBerry spiked from $4.33 to $4.87 on June 25, however had fallen again to $4.54 on June 27.
Nick Waddell
Founding father of Cantech Letter
Cantech Letter founder and editor Nick Waddell has lived in 5 Canadian provinces and is happy with his nation’s typically neglected contributions to the world of science and know-how. Waddell takes a daily shift on the Canadian media circuit, making appearances on CTV, CBC and BNN, and contributing to publications comparable to Canadian Enterprise and Enterprise Insider.
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