Following this sale, Chai holds 24,425 shares directly. The sale was part of a process to cover withholding taxes upon the vesting of Restricted Share Units (RSUs). The transaction price was reported as a weighted average, with individual sale prices ranging from $3.96 to $4.15. The conversion from Canadian dollars to U.S. dollars was based on the Bank of Canada exchange rate on the transaction date. With a current market capitalization of $2.4 billion, InvestingPro analysis indicates the stock is trading slightly above its Fair Value. Subscribers can access 8 additional ProTips and a comprehensive Pro Research Report for deeper insights into BlackBerry (NYSE:BB)'s financial health and market position. With a current market capitalization of $2.4 billion, InvestingPro analysis indicates the stock is trading slightly above its Fair Value. Subscribers can access 8 additional ProTips and a comprehensive Pro Research Report for deeper insights into BlackBerry's financial health and market position.
Following this sale, Chai holds 24,425 shares directly. The sale was part of a process to cover withholding taxes upon the vesting of Restricted Share Units (RSUs). The transaction price was reported as a weighted average, with individual sale prices ranging from $3.96 to $4.15. The conversion from Canadian dollars to U.S. dollars was based on the Bank of Canada exchange rate on the transaction date.
In other recent news, BlackBerry Limited has announced a collaboration with Microsoft (NASDAQ:MSFT) to expedite the development of Software-Defined Vehicles (SDVs). This partnership will integrate BlackBerry's QNX Software (ETR:SOWGn) Development Platform with Microsoft Azure, aiming to streamline the creation, testing, and integration of software essential for the next wave of automotive technology. The joint effort is expected to incorporate Microsoft Azure AI early in the development cycle, reducing risks and accelerating development timelines.
In addition, BlackBerry has rebranded its IoT division to QNX, aiming to strengthen its position in the automotive and embedded software markets. The rebranding initiative is part of the company's strategy to increase visibility and leadership within these sectors.
Furthermore, analysts from Baird, RBC Capital, and Canaccord Genuity have revised their financial outlooks for BlackBerry. Baird has raised its price target to $3.50, RBC Capital to $3.25, and Canaccord Genuity to $3.00, all maintaining a neutral outlook on the stock.
BlackBerry's Q2 financial results for fiscal year 2025 exceeded expectations, reporting a total revenue of $145 million, despite a non-GAAP operating loss of $4 million. Looking ahead to Q3, BlackBerry expects IoT revenue of $56 to $60 million and Cyber revenue of $86 to $90 million. These are among the recent developments shaping BlackBerry's current market position.
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