12:53 PM EDT, 03/28/2024 (MT Newswires) -- Blackberry reports Q4 2024 results on April 3, after market close.

RBC expects BlackBerry to report Q4 revenue down 12% Q/Q, to US$154 million, in line with guidance.

In light of cost reductions, analyst Paul Treiber believes BlackBerry may guide to breakeven FY25 adj. EPS, above consensus; however, FY25 revenue guidance may fall short of expectations, given headwinds in the company's Cybersecurity segment and slower growth at IoT.

"We believe investor visibility to the stabilization in BlackBerry's revenue and path to sustained profitability remains low."

Maintain Sector Perform, US$3 target.

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