BlackBerry gains on exploring options for Cylance business

BlackBerry

16/10/2024 17:44

** U.S.-listed shares  BB.N  of Canadian tech firm
BlackBerry rise 4% to $2.59
    ** BlackBerry  BB.TO  says it is exploring options for its
Cylance cybersecurity business
    ** BB acquired Cylance for $1.4 bln in 2019
    ** BlackBerry forecasts company's FY25 revenue between $591
mln and $616 mln vs est $603.2 mln - LSEG
        ** Expects adj EBITDA up to $10 mln in FY25 vs est $12.6
mln
    ** As of last close, BlackBerry's U.S.-listed shares down
~30% so far this year

 (Reporting by Akash Sriram in Bengaluru)
 ((Akash.Sriram@thomsonreuters.com; https://twitter.com/hoodieonveshti))