BlackBerry Limited (NYSE:BB) is one of the Best Rising Penny Stocks to Buy Now.
On April 9, BlackBerry Limited (NYSE:BB) released its fiscal fourth quarter 2026 results. The company reported $156 million in revenue, reflecting year-over-year growth of 10.09% and exceeding expectations by $11.45 million. EPS of $0.06 also beat consensus by $0.02. Management attributed the growth to the QNX segment, which posted record quarterly revenue of $78.7 million, reflecting year-over-year growth of more than 20%. Additionally, QNX’s royalty portfolio increased to approximately $950 million.
Notably, the company also improved its Adjusted EBITDA by 71% year over year and its GAAP operating income by $30.9 million year over year. Looking ahead, management expects fiscal first quarter 2027 revenue in the range of $132 million to $140 million, with QNX segment revenue expected to be around $60 million to $64 million.
Following the publication, on April 10, Canaccord Genuity reiterated a Hold rating on the stock and lowered the price target from $4.6 to $4.4. Previously on April 9, RBC Capital had also maintained a Hold rating on the stock with a $4.5 price target.
BlackBerry Limited (NYSE:BB) is a Canadian provider of intelligent security software and services for enterprises and government organizations. Incorporated in 1984, the company operates through three segments: Secure Communications, QNX and Licensing.
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