Current Price
$8.93
+$0.15 today (+1.72%)
Market Cap
$5.23B
USD · NYSE: BB
52-Wk Range
$3.12–$9.21
+125.5% in 1 year
YTD 2026 Gain
+124.9%
vs S&P 500 ~+5% YTD
P/E Ratio
99.2×
Elevated vs sector avg ~25×
Analyst Consensus
HOLD
4 analysts · 0 buys
Avg Price Target
$4.85
−45.7% implied downside
May 2026 Vol (Ann.)
95.8%
vs ~25% baseline Aug '25
Weekly Price + Volatility Overlay
OHLCV
Annotated with company catalysts & news events
📌 Apr 22 — FedRAMP recert + Q4 beat → +20.5%
📌 May 4 — WSJ QNX report + NVIDIA partnership
📌 May 26 — CIBC upgrades PT to $8.50
📌 Sep 26 — Q2 FY2026 earnings +10.1% YoY revenue
4-Week Rolling Annualized Volatility
SIGNAL
LOW <30%
MED 30–60%
HIGH >60%
Current spike: 95.8% annualized — highest in the 52-week window. Previous high was 83.5% in Oct 2025 after Q1 earnings beat.
Company Announcements & Media Events
OVERLAY
GENAI CYBERSECURITY
Oct 2023
BlackBerry Delivers Generative AI Cybersecurity Assistant
Cylance AI assistant announced — first GenAI-powered threat intelligence tool in the portfolio. Initial retail interest spike on Reddit/Stocktwits.
GENAI CYBERSECURITY
Apr 30, 2024
Cylance Assistant GA — "Next Level of Cybersecurity"
General availability of Cylance Assistant with full GenAI capabilities. PR Newswire release drives brief WSB/Reddit discussion thread surge.
QNX / ROBOTICS
Feb 17, 2025
WSB Thesis: "BB Going to Get Re-Rated by AI"
High-engagement WallStreetBets post — BB at ~$4.00 — argues QNX embedded in 255M+ vehicles warrants software-infrastructure multiple ($12–18 target).
EARNINGS SHOCK
Apr 2, 2025
Cylance Division SOLD to Arctic Wolf for $160M; FY2026 Guidance Miss
Stock dropped 21.7% pre-market. Cybersecurity segment divested — BB refocuses entirely on QNX IoT. Retail sentiment briefly turns bearish.
QNX / ROBOTICS
Dec 3, 2025
QNX Partners with Horizon Robotics for Chinese ADAS Market
QNX 8.0 ported to Horizon Journey-6 series — targeting 27+ OEMs and 270+ mass-production models. Expands QNX's intelligent driving footprint in China.
QNX MILESTONE
Dec 19, 2025
QNX Confirmed in 275M+ Vehicles — Counterpoint Research
+100M vehicles since 2020. QNX named #1 OS for mission-critical automotive. Volume spike: 42.7M shares traded week of Dec 19.
EARNINGS BEAT
Apr 10–22, 2026
Q4 FY2026 Beat + AtHoc FedRAMP High Recertification
Q4 results exceeded analyst models. AtHoc platform achieves FedRAMP Class D High recertification — positions BB for federal cybersecurity contracts. Stock +20.5% in single session Apr 22.
AI PARTNERSHIP
May 4, 2026
NVIDIA Partners with QNX for Physical AI Applications
WSJ report on QNX record revenue + NVIDIA commitment to use QNX in physical AI hardware stack. BB surges 5%+ to 1-year high. Retail volume surges 3× avg.
ANALYST
May 26, 2026
CIBC Capital Markets Raises PT to $8.50 — Outperform
Only bullish outlier among 8 analysts. Cites "better operating visibility" and "clearer path to profitable growth in QNX." Stock hits new 52-week high $9.21 on May 29.
Reddit/Stocktwits Buzz vs Fundamentals
SIGNAL vs NOISE
Sentiment proxy: weekly share volume as a signal of retail engagement spikes. Volume 3–4× above average indicates retail-driven momentum.
Bull vs Bear Analysis
Bull Case
QNX dominance: 275M+ vehicles, 12–15% CAGR, NVIDIA partnership for physical AI. Record revenue Q4 FY2026 with 76%+ gross margins. Share buyback of 26.8M shares signals management conviction. FedRAMP High recertification opens federal contracts.
Bear Case
Valuation disconnect: Avg analyst PT $4.85 — 45.7% below current price. P/E of 99× vs sector avg ~25×. Rising short interest. Cylance divestiture leaves thinner revenue base. No analyst upgrades from 4 of 8 firms tracking BB.
◈ Retail Thesis
WSB consensus frames BB as undervalued AI-infrastructure play at 5× sales. QNX + IVY AWS SaaS combo pegged at $12–18 fair value. Narrative-driven buying accelerated by NVIDIA name association.
◇ Wall Street
100% Hold ratings from Canaccord, RBC, Baird, TD Securities. TD downgraded from Buy to Hold Oct 2025. Only CIBC (not in consensus table) raised PT to $8.50 in May 2026. No fundamental upgrade driven by AI buzz.
Price Targets & Rating History
WALL ST
Price vs Consensus Gap — Current Position
52-wk Low $3.12
■ Analyst PT $4.85
■ Price $8.93
52-wk High $9.21
Revenue & Margin History
CAD
Annual Revenue (CAD billions) — BB Fiscal Year (Feb year-end)
*FY2026 estimate $508–$538M reflects post-Cylance divestiture. Revenue rebase after divesting cybersecurity segment to Arctic Wolf for $160M (Apr 2025).
FY2025 Margin Profile
Gross Margin
49%
Operating Margin
7%
QNX Gross Margin (Q4 FY2026)
76%+
12-Month Revenue Forecast (IoT/QNX-Only Basis)
FY2026 Company Guidance
$508–538M
QNX Segment FY2026
~$268M (half of FY rev)
QNX CAGR Estimate FY2027
12–15%
EPS Growth YoY (est.)
+100% YoY
Consensus Trend
No estimate uplift despite AI buzz
AI Buzz ↔ Fundamental Correlation Assessment
Retail Sentiment Signal
SPECULATIVE NOISE
Volume spikes 3–4× avg correlate with narrative events (NVIDIA name-drop, Reddit threads) rather than earnings revisions. Short interest rising despite rally.
Fundamental Anchor
REAL BUT PRICED IN+
QNX growth is genuine — 275M vehicles, 76%+ gross margins, NVIDIA deal. But FY2026 revenue guidance $508–538M implies the stock now prices in 5–6 years of QNX growth at current levels.
Analyst–Market Gap
EXTREME DIVERGENCE
Wall Street consensus PT $4.85 sits 45.7% below current $8.93. Zero buy ratings from 4 of 8 tracked firms. The gap between institutional caution and retail enthusiasm is at a 52-week extreme.