Why BlackBerry Stock Soared 16% Today

Shares of one-time smartphone leader BlackBerry (BB 12.83%) stock soared 16% through 11:40 a.m. ET Monday morning after the company announced it will sell its Cylance endpoint security assets to private cybersecurity operator Arctic Wolf.With its smartphone business out of the picture, BlackBerry has morphed into a specialist in software for cyber and Internet of Things (IoT) applications. It's the former business that interests Arctic Wolf, which will pay effectively $160 million to acquire it. The dealArc ...