On July 31, BlackBerry rose 8.07% in regular trading, trading at $8.43/share, with turnover of $80.76 million.
On the news front, the Systems Software sector posted broad-based gains, with Microsoft up 16.78%, NEBIUS up 27.58%, and Oracle up 7.61%, creating a significant sector linkage effect. BlackBerry benefited from this collective momentum alongside continued support from its previously reported FY2027 Q1 results, which beat expectations with total revenue surging 26% year-over-year to $152.9 million. The QNX division delivered revenue of $72.3 million, up nearly 26%, and the company raised its full-year revenue guidance to $594-$621 million.
Additionally, Royal Bank of Canada previously raised its price target on BlackBerry from $4.50 to $9.00. With the current stock price still trading below that target, improving fundamentals continue to underpin valuation support.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)