Movement Alert|BlackBerry Intraday Rise 5.04% in Regular Trading, QNX German Automaker Order Supports Auto Software Outlook

Market Focus
Yesterday

On October 16, BlackBerry rose 5.04% in Regular Trading, trading at $8.646, with turnover of $87.2601 million.

The move coincided with renewed attention on a previously disclosed order win for BlackBerry's QNX and neueHCT from a large German automaker, marking the first major global automaker award for the HCT Luna solution built on QNX Safety 8.0 and Horizon's Journey 6B platform.

The backdrop was also supported by stronger recent execution. BlackBerry reported second-quarter revenue and adjusted EPS above expectations on September 24, after earlier raising full-year revenue guidance as QNX growth remained solid. The combination of fresh automotive design traction and improving financial performance appears to have reinforced investor expectations for further commercialization of its in-vehicle software business.

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