BlackBerry Reiterates Full-Year Outlook For Cybersecurity Business Unit Given Previously; Adjusts IoT Outlook Adjusted To Reflect Factors Including Revised Production Schedules At Certain Automakers
Portfolio Pulse from Benzinga Newsdesk
BlackBerry has reiterated its full-year outlook for its cybersecurity business unit. However, it has adjusted its IoT outlook to reflect factors including revised production schedules at certain automakers.
September 06, 2023 | 9:32 pm
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NEUTRAL IMPACT
BlackBerry's stock may be impacted by the company's reiteration of its full-year outlook for its cybersecurity business and adjustment of its IoT outlook.
BlackBerry's reiteration of its full-year outlook for its cybersecurity business indicates stability in this sector, which could be positive for the stock. However, the adjustment of its IoT outlook due to revised production schedules at certain automakers could introduce uncertainty, potentially negatively impacting the stock. The net effect on the stock is uncertain, hence a neutral score.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100