🔴 BlackBerry is trading 4.43% down today on weaker Secure Communications growth and profitability

BlackBerry is trading 4.43% down at $8.34 as investors weigh cautious Secure Communications commentary following its September 24 earnings report.

• Revenue was $163.3 million, up 26% year over year; the company raised its full-year revenue and adjusted EBITDA outlooks.
• Secure Communications revenue grew 2%, while segment adjusted EBITDA fell 18% and margins declined.
• Coverage indicated investors were balancing strong QNX results against the weaker Secure Communications outlook.