RBC Capital Markets analyst Paul Treiber reiterated the Sector Perform rating on BlackBerry Limited (NYSE:BB) with a price forecast of $3.
BlackBerry will report the fourth-quarter results on April 3 after market close.
Treiber foresees BlackBerry to report fourth quarter revenue down 12% quarter over quarter, in line with guidance.
In light of cost reductions, BlackBerry may guide to breakeven FY25 adjusted EPS, above consensus, the analyst writes.
However, the FY25 revenue guidance may fall short of expectations, given ongoing headwinds in its Cybersecurity segment and delayed EV transitions and next-gen vehicle ...