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BB

BlackBerry Ltd

SPECULATIVE BUY 2026-08-09 Data 34 days old USD 8.98 Technology - Software - InfrastructureAWAIT ENTRY
ACTIONABLEMethodology gates passed
47

Position levels

Currenttoday
USD 8.98
Buy <=wait / entry
USD 7.07
Trim >=take some off
USD 10.20
Thesis breakA material loss or non-renewal of the IP Company naval contract or the expanded ...
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Scenario-weighted conviction

ProbabilityScoreContribution
Bull case13%100 / 10013.0
Base case49%62 / 10030.4
Bear case38%10 / 1003.8
Weighted conviction47 / 100 - SPECULATIVE BUY

Top risks

  • Strategic partnership with The IP Company to integrate BlackBerry SecuSUITE into WCMS for naval and military environments up to Secret and Top Secret levels
  • Renewed and expanded multi-year agreement with the Government of Canada for increased deployment of BlackBerry SecuSUITE and continued use of BlackBerry UEM
  • Raised full year adjusted EBITDA guidance to $72 million to $87 million following Q1 2027 earnings beat
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Research is for informational purposes only. Not financial advice. All analysis reflects the date of publication.