08:03:08 EDT Fri 04 Jul 2025
Enter Symbol
or Name
USA
CA



BlackBerry Ltd
Symbol BB
Shares Issued 591,590,223
Close 2025-01-10 C$ 5.87
Market Cap C$ 3,472,634,609
Recent Sedar Documents

Globe says dumping Cylance sparks hope for BlackBerry

2025-01-13 08:31 ET - In the News

The Globe and Mail reports in its Saturday edition that BlackBerry is attracting renewed interest among investors as a newly streamlined play on cybersecurity and vehicle software. The Globe's David Berman writes that both business lines have been around for some time within BlackBerry, but now the company's streamlining efforts are attracting investors. In December, the company announced a deal to sell its Cylance cybersecurity unit for $120-million from the deal (all figures U.S.). Though that compares dismally with the $1.4-billion that BlackBerry paid for Cylance in 2018, it was far more than many analysts had expected from the sale, given that the division was a drag on BlackBerry's earnings. Todd Coupland, an analyst at CIBC Capital Markets, is among the most enthusiastic voices calling for a sustained rebound. Last week, he made the case for the stock rising to $6 -- about $8.40 (Canadian) for the Toronto-listed shares -- within the next 12 to 18 months, which implies a 48-per-cent gain from today. Mr. Coupland believes growth has stabilized, the path to profits has become clearer and the stock's valuation looks compelling relative to peers and based on prices paid for recent acquisitions within the sector.

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