Toronto, May 26, 2026, 13:07 EDT
- BlackBerry shares trading in the U.S. gained around 6%, finishing at $8.39 after reaching as high as $8.77. Almost 39.7 million shares changed hands.
- U.S. markets opened back up after being closed for Memorial Day on Monday, and tech stocks paced gains across the board.
- The stock’s rise meets mixed calls from analysts. CIBC bumped its target to $8.50, but S&P Global data still points to a Hold.
BlackBerry Limited shares kept climbing Tuesday in U.S. trading, as buyers stuck with the Canadian software name’s turnaround narrative tied to secure comms and its QNX auto software business.
The stock gained $0.48 to $8.39 in the latest quote, up about 6.1%. It hit $8.77 at its high. Around 39.7 million shares changed hands. That put the former smartphone maker back in the mix with other active mid-cap software stocks.
The setup is key. With U.S. markets closed Monday for Memorial Day, Tuesday kicked off the first U.S. session following a strong Friday close and a wave of new focus on BlackBerry’s government-security push. The wider market also moved higher: Reuters said the S&P 500 and Nasdaq gained as AI optimism beat out Middle East worries.
BlackBerry didn’t post earnings last week, but said its BlackBerry AtHoc emergency-communications platform got re-certified at 2026 FedRAMP Class D High. FedRAMP is the U.S. cloud approval program for federal agencies. Class D High is for sensitive unclassified information where a failure would have severe or catastrophic consequences.
BlackBerry AtHoc’s general manager Ramon Pinero said the re-certification is proof of the platform’s “operational maturity and security rigor.” Dubhe Beinhorn, who runs BlackBerry Secure Communications’ public sector group, said government agencies need compliant systems as they face tougher threats. BlackBerry said its AtHoc platform is used by 80% of U.S. federal agencies. ACCESS Newswire
Capital returns are getting some attention. On May 8, BlackBerry said in an SEC filing it had renewed its normal course issuer bid, a type of buyback used in Canada. The move lets BlackBerry buy back as many as 26.8 million shares, about 4.58% of the public float. Any shares repurchased would be cancelled, the company said.
The rally has been driven by operating numbers that don’t look like the old BlackBerry. In April, the company posted fourth-quarter revenue of $156.0 million, up 10% year over year. QNX, which is the embedded software unit used in cars and industrial gear, brought in $78.7 million, a 20% jump and a record.
BlackBerry CEO John Giamatteo put it straight: “We are no longer a company in transition.” The company said it has a QNX royalty backlog of around $950 million, reflecting future royalty revenue on customer wins. ACCESS Newswire
CrowdStrike climbed 1.7%. Palo Alto Networks slipped 0.9%, SentinelOne dropped 0.6%. That move in BlackBerry shares didn’t trigger a broad cyber rally. Nasdaq names were firmer, though—the QQQ ETF was up 1.4% as buying picked up in big tech stocks.
The risk is that valuation gets ahead of the actual business. StockAnalysis, pulling from S&P Global Market Intelligence, shows eight analysts on Hold with an average target of $5.16. Those numbers are from before CIBC’s latest call. If QNX backlog and FedRAMP progress fail to come through in the numbers, or tech sentiment pulls back, it could get tough to stand by the stock’s rally.
BlackBerry’s fiscal Q1 is coming up, with the quarter wrapping May 31 and earnings slated for June 25. The company says it typically sends out an announcement about the call about two weeks before.
