Toronto, May 23, 2026, 09:01 EDT
- BlackBerry shares in the U.S. jumped 18.95% to end Friday at $7.91. The stock hit $8.03 earlier in the session.
- BlackBerry AtHoc got a FedRAMP re-certification, sending the stock higher as Canadian tech had a good week.
- U.S. markets are shut Monday for Memorial Day. The Toronto listing will trade, but with U.S.-holiday settlement limits.
BlackBerry’s U.S. shares finished the week at a 52-week high, jumping almost 19% to $7.91 on Friday. The stock spiked to $8.03 earlier in the session and nearly 57.1 million shares changed hands, as the market put a new price on the company’s software push in secure government and auto tech.
BlackBerry shares jumped 28% this week, closing Friday at $7.91 after settling at $6.19 on May 15. Most of the rally came late in the week, concentrated on Thursday and Friday.
BlackBerry’s move was key in making tech stand out in Canada’s market Friday. The S&P/TSX Composite Index closed 0.2% higher at 34,471.36, a level not seen since March 2. Tech stocks climbed 1.6%. BlackBerry’s Toronto-listed shares led the gains, surging 18.5%, Reuters said.
BlackBerry AtHoc got its 2026 FedRAMP Class D (High) re-certification, giving the immediate push. FedRAMP is the U.S. government’s approval process for cloud security. “High” is the top level for cloud services that deal with sensitive but unclassified government data, where a breach could have serious impact. MarketScreener
Ramon Pinero, general manager of BlackBerry AtHoc, said the re-certification showed “operational maturity and security rigor.” Dubhe Beinhorn, who runs public sector business for BlackBerry Secure Communications, called it a signal on “security, compliance, and operational resilience.” MarketScreener
BlackBerry’s April earnings stayed in the picture during the rally. The company posted fourth-quarter revenue of $156.0 million, up 10% from the previous year, and said QNX revenue gained 20% to a record $78.7 million. QNX is BlackBerry’s operating system for cars and other machines.
BlackBerry CEO John J. Giamatteo said in April the company was “no longer a company in transition.” Reuters, quoting Giamatteo, also wrote that QNX deals with “highly regulated, complex, mission-critical solutions.” Investors are now watching if the stock’s quicker move matches that claim. WebDisclosure Reuters
BlackBerry has a share buyback. The company on May 8 said it renewed its normal course issuer bid, which lets it repurchase up to 26.8 million common shares, or 4.58% of its public float.
BlackBerry led gains in the communications-technology space, jumping 18.95%, while Nokia’s U.S. shares rose 9.10% and Motorola Solutions added 0.96%, MarketWatch data showed. Competitive conditions were mixed but leaned positive for the group.
Markets are expected to see choppy trading in the coming week. NYSE and Nasdaq won’t be open Monday, May 25, due to Memorial Day. Canadian exchanges plan to stay open that day but will apply special settlement rules to U.S.-dollar securities.
Next up for investors is BlackBerry’s earnings. The company has its fiscal first-quarter 2027 numbers scheduled for June 25, covering the period ending May 31. The date is still approximate until BlackBerry puts out a formal announcement.
Stock gains have outpaced any actual revenue announcements so far. A security certification might help get a product used for government work, but it’s not a contract. If QNX orders, federal sales talk or cash flow guidance miss expectations next month, a rally with heavy trading could reverse fast.
