CORRECTION: BlackBerry Ltd Projects FY25 Cybersecurity 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 FY25 cybersecurity revenue to be between $350M and $365M, expects break-even results, and is exploring strategic options for its Cylance business.
October 16, 2024 | 5:53 pm
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BlackBerry Ltd has announced its FY25 cybersecurity revenue projection of $350M-$365M, anticipates break-even results, and is considering strategic options for its Cylance business.
The announcement of projected revenue and strategic exploration for Cylance indicates potential growth and restructuring, which could positively impact BlackBerry's stock price in the short term.
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