Why BlackBerry Stock Soared This Week

Shares of BlackBerry (BB -4.66%) jumped this week, up 9% as of 1:22 p.m. ET on Friday. The rise comes as the S&P 500 (^GSPC 0.09%) and Nasdaq-100 gained 3.6% and 4.4%, respectively.The company, which has reinvented itself as a software provider, released its Q1 2026 (ended May 31) financial results, beating consensus estimates for most metrics and setting rosy guidance.BlackBerry reports positive numbersBlackBerry reported better-than-expected Q1 2026 results earlier this week. The company's first-quarter e ...