BlackBerry Ltd. (NYSE:BB) shares are trending Thursday night.
Shares of the Canadian software company, which provides enterprise cybersecurity and embedded operating systems, climbed 1.89% to $8.09 after the bell on Thursday, following a partnership announcement between Sift, a data infrastructure platform for mission-critical hardware, and QNX, BlackBerry’s embedded software division.
Partnership Announcement Drives Momentum
The announcement, made by Sift during market hours, resonated positively with investors as BB shares rose 3.93% to close at $7.94 in the regular session, according to Benzinga Pro data.
The deal will give engineers near real-time visibility into embedded systems, according to the announcement. Engineers can now stream live telemetry from QNX-powered systems directly into Sift. They can query that data using SQL within one second after it leaves the device, without making any software changes to the device itself.
QNX’s Reach Spans Auto, Physical AI Sectors
Sift Co-Founder and CEO Austin Spiegel said, “The next decade of hardware will be won by the teams that learn fastest from their machines.” He added that engineering teams should be able to “plug in on day one and spend their time engineering, not building telemetry plumbing.”
QNX’s Romain Saha, Senior Director of Strategic Alliances, called real-world operational data a “critical enabler of innovation” as Physical AI reshapes industries.
QNX technology is embedded in vehicles from major automakers, including BMW, Bosch, Honda Motor, Mercedes-Benz Group, Toyota Motor Corp., and Volkswagen AG.
BlackBerry is set to report its second-quarter fiscal 2027 earnings on Sept. 24. Last quarter, revenue from its QNX segment increased 26% year over year to $72.3 million.
Trading Metrics, Technical Analysis
BlackBerry has a market capitalization of $4.67 billion, a 52-week high of $13.59 and a 52-week low of $3.12. The company has approximately 586.10 million shares outstanding.
The Relative Strength Index (RSI) of BB stands at 47.40.
The mid-cap tech stock has gained 98% over the past 12 months.
BB is currently trading at about 46% of its 52-week price range.
With strong Momentum in the 96th percentile and a Growth score of 97.69, Benzinga’s Edge Stock Rankings indicate that BlackBerry stock is experiencing long-term upward movement, along with medium- and short-term consolidation.
See More: Top Value Stocks
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Login to comment