US Stock Movement: BlackBerry Plummets on September 25 as Guidance Falls Short of Expectations and Target Price Is Lowered

BlackBerry September 25 Sharp Drop Analysis

Keywords: Guidance below expectations, target price cut

1. On September 24, 2026, the company provided third quarter revenue guidance with a midpoint of $14.85 billion, lower than the institutional forecast of about $14.97 billion. Adjusted earnings per share guidance was $0.04 to $0.05, below or close to forecast levels.

2. On September 25, 2026, Canaccord Genuity maintained its "hold" rating and lowered BlackBerry's target price from $10.30 to $9.50; CCORF also cut its target price to $9.50.

3. On September 24, 2026, company management took a cautious stance regarding the timing of the completion of large government contracts in the secure communications business; revenue for this segment grew only 2% year-on-year for the quarter, while adjusted gross margin fell to 61% and adjusted EBITDA decreased by 18% year-on-year.

4. On September 24, 2026, the technology stock sector weakened due to factors such as rising US Treasury yields. BlackBerry's valuation was about 46 times future earnings, and with some investors taking profits, the stock price came under pressure.

(Disclaimer: This content is generated by AI technology based on publicly available information and is for reference only. It does not constitute investment advice.)