Blackberry is evaluating the global strategic choices of the cybersecurity department Cylance.
According to Reuters on October 17th, BlackBerry is evaluating the strategic choices of its cybersecurity department Cylance, seeking to reallocate investments from Cylance to areas with higher growth prospects. The company expects Cylance's core adjusted loss for this fiscal year to reach $51 million. BlackBerry plans to increase capital allocation to its secure communication and internet of things (IoT) business, as both are profitable and key drivers of growth. The company is splitting the IoT and cybersecurity businesses into completely independent departments. In addition, BlackBerry is providing guidance for the fiscal year 2026.
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BlackBerry Shares Rise as Company Targets Profitability, Assesses Cylance Options
Blackberry (BB.US) is expected to return to profitability in the fiscal year 2026.
Canadian cybersecurity company blackberry (BB.US) stated that it expects to achieve breakeven in operating profit in 2025, followed by profitability in subsequent years. The company expects that the adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) for the fiscal year 2025 will be between breakeven and 10 million US dollars; for fiscal year 2026, it is expected to be between 50 million and 65 million US dollars, and by fiscal year 2027, it will increase to between 80 million and 95 million US dollars. Blackberry also stated that it expects revenue for the fiscal year 2025 to be between 0.591 billion and 0.616 billion US dollars, and forecasts growth to between 2
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