Toronto, May 24, 2026, 11:04 (EDT)
BlackBerry’s U.S. shares surged 18.95% Friday to $7.91. The stock in Toronto finished the day up 18.52% at C$10.88. With the U.S. market closed Monday for Memorial Day and no trading Sunday, the rally sets up a test this week to see if traders stick with BlackBerry as a software-growth name or if Friday was just a quick squeeze.
Tech stocks lifted Canada’s S&P/TSX Composite to 34,471.36 on Friday, a 0.2% gain and the strongest finish since March 2. Technology shares rose 1.6%, with Reuters noting BlackBerry jumped 18.5%. “The market focus has shifted toward what’s happening in the tech world,” said Allan Small, senior investment adviser at Allan Small Financial Group with iA Private Wealth. Reuters
BlackBerry (NYSE:BB) shares ended the week up 28%, closing at $7.91 on Friday after finishing at $6.19 on May 15. Trading volume jumped too. More than 57 million shares were traded Friday, based on StockAnalysis price history.
BlackBerry on Wednesday announced its AtHoc platform cleared 2026 FedRAMP Class D High re-certification. The FedRAMP High level is used for government cloud systems that handle sensitive unclassified information, where outages could hit public safety or operations hard. The company shared the update in its Secure Communications news.
BlackBerry AtHoc has been re-certified, with general manager Ramon Pinero saying it shows “operational maturity and security rigor.” Dubhe Beinhorn, senior vice president for public sector at BlackBerry Secure Communications, said the re-certification is a “strong signal” to government buyers. BlackBerry said AtHoc is used by 80% of U.S. federal government agencies, along with defense, law enforcement, and emergency services. Newswire
QNX, BlackBerry’s embedded software arm, is taking its real-time operating system to the Robotics Summit & Expo in Boston on May 27-28. The company plans to show how its system can move AI decisions into physical actions that follow strict time limits. Carsten Hurasky, who heads marketing at QNX, said robotics is “at an inflection point.” Newswire
April’s earnings are in focus again. BlackBerry posted $156 million in fourth-quarter revenue, climbing 10% on the year, with QNX bringing in a record $78.7 million for the quarter, up 20%. The QNX royalty backlog came to about $950 million, showing the pipeline from design wins.
BlackBerry CEO John Giamatteo said at the time the company was “no longer a company in transition.” BlackBerry put out a fiscal 2027 revenue target between $584 million and $611 million. That’s up from $549.1 million seen in fiscal 2026. Newswire
BlackBerry is putting buybacks in the mix again. The company renewed its normal course issuer bid on May 8, which lets it repurchase up to 26,785,714 common shares—about 4.58% of its public float—with shares to be cancelled.
Apple, Nokia and Motorola Solutions posted smaller gains Friday compared to BlackBerry, which jumped 18.95%, according to MarketWatch. Nokia’s ADR rose 9.10%. Motorola Solutions added 0.96%. Apple was up 1.26%.
The danger now is that the share jump may already assume BlackBerry’s turnaround will be stronger than the company can actually manage. BlackBerry has flagged risks including competition, customer growth, product schedules, government orders, cybersecurity, economic trends and swings in its share price. If QNX starts to stall, government spending drops, or the tech trade loses momentum, the quick rally could easily unwind.
Looking to the week ahead, the U.S. listing won’t trade Monday as NYSE markets are closed for Memorial Day. Canadian exchanges will be open during the U.S. holiday, but settlement on U.S.-dollar issues gets special treatment.
After the holiday, QNX’s Boston robotics event is on the investor radar, followed by BlackBerry’s next scheduled investor event. CFO Tim Foote and QNX President John Wall are lined up for a fireside chat at the Baird conference in New York on June 2. BlackBerry’s investor-relations site has June 25 as the tentative date for fiscal Q1 results.
