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BlackBerry's Path To Profitability In Question, Analyst Cites Cybersecurity Struggles and Sluggish IoT Growth
BBBlackBerry(BB) Benzinga·2024-09-27 19:55

BlackBerry BB stock is plunging Friday after reporting an upbeat second-quarter print Thursday.BlackBerry reported revenue of 145.00million,beatingtheanalyst consensusestimates of145.00 million, beating the analyst consensus estimates of 141.42 million. IoT revenue increased by 12% to 55 million,up. Cybersecurityrevenuegrewby1055 million, up. Cybersecurity revenue grew by 10% to 87 million. Licensing revenue was 3 million.AlsoRead:BlackBerryLaunchesAI−PoweredCylanceMDRProCybersecurityForBusinesses:DetailsBlackBerryexpectsthird−quarterrevenueof3 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 ...