BlackBerry's Secure Communications Segment Under Pressure from U.S.-Canada Trade Tensions -- Market Talk
Dow Jones2026/09/24 13:320932 ET - Trade tensions between the U.S. and Canada are weighing on BlackBerry's Secure Communications segment. In a call with investors, CFO Tim Foote defines the trade tensions between the two neighbors as "already dynamic" and that its substantial footprint with the U.S. government is being "further complicated by recent geopolitical developments." BlackBerry is revising the full year revenue forecast for Secure Communications segment to $260 million to $270 million and adjusted Ebitda outlook to be between $50 million and $58 million, down from $270 million to $280 million, and $57 million to $65 million, respectively. "We consider it appropriate to be cautious as we head into the second half," he says. Still, the company raised its full full-year targets on the back of strength in its embedded software unit, QNX. ([email protected])
(END) Dow Jones Newswires
September 24, 2026 09:32 ET (13:32 GMT)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The British Pound rallies on a UK growth upgrade and gives more than half back
Only twice in history! S&P 500 equal-weight index is expected to record seven consecutive weeks of decline this week
The S&P 500 Equal Weight Index is expected to fall for a seventh consecutive week. If this downward trend continues through Friday, it will mark only the third time in history that the index has experienced seven straight weeks of decline.
Trump “bites” Powell, demanding his resignation from the Federal Reserve Board, citing severe cost overruns in headquarters renovation.
U.S. President Trump on Wednesday called for former Federal Reserve Chairman Powell to resign from his position as a Fed governor, following an inspector general report on the Federal Reserve headquarters renovation project, which highlighted a series of management issues that led to significant cost overruns.
Crypto prices
More
