BlackBerry Ltd BB shares are trading lower Friday after the company announced financial results and reportedly said it expects full-year 2023 cyber security revenue to be flat and licensing revenue to be minimal.
BlackBerry reported fourth-quarter revenue of $185 million, which beat the $177.25 million estimate. The company reported quarterly adjusted earnings of 1 cent per share, which beat the estimate for a loss of 7 cents per share.
According to RBC Capital Markets, the cyber security guidance implies about $477 million in revenue, which is below the analyst firm's estimate of $530 million.
RBC maintained BlackBerry with a Sector Perform rating following the company's quarterly results.
BlackBerry is a software provider with a stated goal of end-to-end secure communication for enterprises.
See Also: Why GameStop Stock Is Trading Higher Today
BB 52-Week Range: $5.80 - $20.17
The stock was down 9.15% at $6.78 at time of publication.
Photo: courtesy of BlackBerry.
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
