02:17 PM EST, 12/16/2024 (MT Newswires) -- According to RBC's Paul Treiber, Blackberry is likely to achieve positive adjusted EBITDA in the third quarter, given cost restructuring, despite revenue declining. Similar to recent quarters, Treiber believes there may be upside to quarterly profitability.

BlackBerry is making good progress restructuring its business, despite growth headwinds, said Treiber. The company earlier Monday also announced that Arctic Wolf was acquiring Cylance's endpoint security assets.

Maintain Sector Perform, US$3 target.

Blackberry was due to report its third-quarter results today, after market close.

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