BlackBerry's Path To Profitability In Question, Analyst Cites Cybersecurity Struggles and Sluggish IoT Growth

BlackBerry BB stock is plunging Friday after reporting an upbeat second-quarter print Thursday.BlackBerry reported revenue of $145.00 million, beating the analyst consensus estimates of $141.42 million. IoT revenue increased by 12% to $55 million, up. Cybersecurity revenue grew by 10% to $87 million. Licensing revenue was $3 million.Also Read: BlackBerry Launches AI-Powered CylanceMDR Pro Cybersecurity For Businesses: DetailsBlackBerry expects third-quarter revenue of $146 million-$154 million and full-year ...