What's Going On With BlackBerry Stock Monday?

BlackBerry Limited BB stock is trading higher Monday amid its launch of a new series of BlackBerry Radar devices – H2M IS – for hazardous materials carriers. 

The new series is backed by an 'Intrinsically Safe' certification designation, enabling BlackBerry Radar, an asset tracking solution, to target transportation and logistics companies that move hazardous materials, including fuel haulers, tank carriers, ocean shipping lines, and railroads.

The launch comes amid increased U.S. regulatory scrutiny of the rail industry following several high-profile safety incidents.

"BlackBerry Radar devices are extremely reliable and robust, even in extreme conditions such as dirt, snow, or high temperatures. The new series takes that one step further, providing peace of mind to hazardous materials carriers in the oil and gas, chemicals, and agricultural sectors," said Christopher Plaat, SVP and GM BlackBerry Radar. 

"Gaining the Intrinsically Safe and C1/D1 certifications validates our best-in-class technology."

The Canadian software company specializing in cybersecurity expects second-quarter revenue to be close to $132 million. IoT revenue will likely come in at $49 million, and licensing and other revenue will probably be around $3 million. 

Cybersecurity revenue will likely total approximately $80 million, which is lower than previously forecasted, primarily due to select government deals failing to close during the quarter. 

BlackBerry bagged a takeover offer from private equity firm Veritas Capital, a Carlyle Group CG company.

In May, BlackBerry shared plans to review its portfolio of businesses and consider strategic alternatives, including a possible separation of some companies.

Price Action: BB shares traded higher by 14.7% at $5.23 on the last check Monday.