Stock Market Today, Sept. 24: BlackBerry Lifts Fiscal 2027 Guidance on Record QNX Revenue
BlackBerry (NYSE:BB), a security software and vehicle-embedded systems provider, closed at $8.72, up 4.06%. The stock rose after premarket Q2 results beat estimates and management lifted full-year fiscal 2027 guidance. Investors are next watching automotive software demand and QN
BlackBerry (NYSE:BB) lifted its full-year fiscal 2027 guidance on record QNX revenue as the stock surged 4.06% to close at $8.72 on September 24. The premarket earnings beat and management's optimism sent the shares higher, with trading volume at 43.2 million shares, 134% above the three-month average. BlackBerry, known for its security software and vehicle-embedded systems, has grown 354% since going public in 1999.
While the S&P 500 and Nasdaq Composite showed minor declines, sector rivals Palo Alto Networks and CrowdStrike Holdings saw small drops in their stock prices. BlackBerry's automotive-focused QNX division led the earnings surge with 27% sales growth, making it a key player in the industry.
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