BlackBerry Shares Hit 52-Week High, QNX Revenue Growth Projected at 15%
BB•BlackBerry shares hit a 52-week high, marking a third consecutive week of gains after CFO Tim Foote projected QNX revenue growth of roughly 15% at the Baird Consumer Conference. The company expects positive cash flow this year as its QNX platform expands in connected vehicles, safety-critical systems and AI-powered robotics.
1. Stock Rally Extends to Third Week
BlackBerry shares reached a new 52-week high as the stock climbed for a third consecutive week, reflecting growing investor confidence in the company’s turnaround and software portfolio.
2. QNX Revenue Growth Forecast
At the Baird Consumer Conference, CFO Tim Foote projected QNX revenue would grow by roughly 15% this year, driven by deployments in connected vehicles, safety-critical systems and AI-powered robotics.
3. Path to Positive Cash Flow
BlackBerry expects to generate positive cash flow this year following multiyear restructuring efforts, with software licensing and recurring revenue streams underpinning its financial recovery.
