BlackBerry Ltd Projects FY25 Revenue of $350M-$365M, Expects Break-Even Results, and Is Exploring Strategic Options for Cylance Business
Portfolio Pulse from Benzinga Newsdesk
BlackBerry Ltd has projected its fiscal year 2025 revenue to be between $350 million and $365 million, with expectations of break-even results. The company is also exploring strategic options for its Cylance business.
October 16, 2024 | 4:09 pm
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BlackBerry Ltd has announced its fiscal year 2025 revenue projection of $350M-$365M and expects to break even. The company is also considering strategic options for its Cylance business.
The revenue projection and break-even expectation are positive indicators for BlackBerry's financial health. Exploring strategic options for Cylance could lead to potential growth or restructuring, which may positively impact the stock price.
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