What's Going On With BlackBerry Stock Monday?
Portfolio Pulse from Anusuya Lahiri
BlackBerry Limited (NYSE:BB) stock is trading higher following the launch of a new series of BlackBerry Radar devices for hazardous materials carriers. The devices are backed by an 'Intrinsically Safe' certification, targeting transportation and logistics companies. BlackBerry expects Q2 revenue to be around $132 million, with IoT revenue at $49 million, and licensing and other revenue at $3 million. The company also received a takeover offer from Veritas Capital, a Carlyle Group (NASDAQ:CG) company.

September 11, 2023 | 6:08 pm
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POSITIVE IMPACT
BlackBerry's stock is trading higher following the launch of a new series of devices for hazardous materials carriers and a takeover offer from Veritas Capital.
The launch of the new series of devices and the takeover offer from Veritas Capital are positive news for BlackBerry, which could lead to an increase in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Carlyle Group's company, Veritas Capital, has made a takeover offer to BlackBerry.
While the news of the takeover offer to BlackBerry is relevant to Carlyle Group, it's not clear how this will impact Carlyle Group's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50