Latest news with #BlackBerry
Yahoo
28 minutes ago
- Business
- Yahoo
Stocks to watch next week: Nike, BlackBerry, Micron, Babcock and Bunzl
While market focus is likely to remain on geopolitical tensions and economic data in the coming week, investors will also be keeping an eye on earnings releases from companies across a range of sectors. Investors will be looking at Nike's (NKE) latest results for any commentary on how tariff uncertainty is impacting the sportswear giant. In the tech space, BlackBerry (BB) is due to report, with the company having warned of uncertainty going into the current financial year. Chipmaker Micron (MU) is also set to release its latest earnings off the back of recently announcing increased investment in its US operations. On the London market, the focus will be on Babcock International's (BAB.L) full-year results, with the company's shares having rallied this year on expectations of more government spending on defence. Another FTSE 100 (^FTSE) stock in the spotlight will be distribution company Bunzl, which is due to update on trading, following a challenging start to its financial year. Here's more on what to look out for: Shares in Nike (NKE) are down 21% year-to-date, with the stock coming under pressure amid uncertainty over US president Donald Trump's tariffs. The stock fell sharply following Trump's unveiling of sweeping duties on "Liberation Day" on 2 April, which included a 46% tariff rate on Vietnam, where approximately half of Nike's footwear was manufactured last year. While Trump later announced a 90-day pause on many of these higher tariff rates, the US and Vietnam are still negotiating over a deal, with the delay on imposing "reciprocal" duties set to end on 9 July. There are concerns that companies making products in countries impacted by higher tariffs will be forced to pass on cost increases to the consumer by raising prices. Read more: Why the UK's AIM is struggling 30 years on In May, Nike announced plans to raise prices on selected products from 1 June, but did not make reference to tariffs as the reason for increases. 'We regularly evaluate our business and make pricing adjustments as part of our seasonal planning,' Nike said in a statement. The uncertainty over tariffs comes as the company seeks to improve performance, as it faces increased competition from newer rivals On (ONON) and Deckers' (DECK) Hoka. Nike's revenue in the third quarter fell 9% year-to-year to $11.27bn (£8.34bn), though this was ahead of estimates of $11.03bn. Net income declined 32% to $794m and diluted earnings per share of $0.54 were down 30%. Elliott Hill, who took over as Nike CEO in October, said that the progress the company had made against its "Win Now" turnaround plan in its first 90 days had reinforced his confidence that it was "on the right path". "What's encouraging is Nike made an impact this quarter leading with sport — through athlete storytelling, performance products and big sport moments," he said. Shares in BlackBerry tumbled after the release of its full-year results in early April, in which the Ontario-based technology company forecast a decline in revenue in the coming year. BlackBerry said it expected total revenue for the 2026 fiscal year to be between $504m and $534m. That would be slightly weaker than the $534.9m in total revenue the company reported for the 2025 fiscal year. 'We see an uncertain backdrop within automotive, given the recent tariff changes, and particularly automotive tariffs,' BlackBerry chief financial officer Tim Foote told analysts on a post-earnings conference call. Read more: UK borrowing rises in May, making tax hikes 'increasingly likely' 'We are currently uncertain of the impact this could have on our business," he said. "While we don't see that tariffs will directly impact our products and services, we do expect some indirect effects on BlackBerry due to impacts on our customers, including supply chains." The company was once a major player in the smartphone market but transitioned to making software for vehicles and devices, and selling cybersecurity solutions to governments and corporate clients. For the first quarter, BlackBerry guided to revenue of $107m to $115m, which would be down on the $144m the company reported for the same period last year. Chipmaker Micron recently announced plans with the Trump administration to boost its investment in the US to $200bn, amid a broader drive of encouraging companies to onshore operations in America. Of this amount, $150bn is set to be invested in domestic memory manufacturing, while $50bn will go towards research and development, which Micron said would create an estimated 90,000 jobs. In the announcement, US secretary of commerce Howard Lutnick said: "President Trump has made it clear that the time to build in America is now." Read more: Stocks that are trending today "Micron's planned investment will ensure the US advances its lead across critical industries like AI, automotive, and aerospace & defense." Micron CEO Sanjay Mehrotra said that the plans underscored the company's commitment to "driving innovation and strengthening the domestic semiconductor industry". In terms of company performance, Micron (MU) beat expectations in the second quarter, with revenue of $8.05bn besting estimates of $7.91bn. Adjusted earnings of $1.56 per share also came in ahead of forecasts of $1.43. For the third quarter, Micron has guided to revenue of $8.8bn, plus or minus $200m, while diluted earnings per share are expected to come in at $1.57, plus or minus $0.10. Shares in FTSE 100 (^FTSE) company Babcock International (BAB.L) have surged 114% so far this year, buoyed by European politicians' pledges to spend more on defence. The engineering company provides equipment and systems to the defence and energy industries, and is the second-biggest supplier to the UK's ministry of defence behind BAE Systems (BA.L), as well as holding contracts with NATO and countries worldwide. "Given the UK's and NATO's plans to increase defence spending, and greater emphasis in many countries on nuclear power — where Babcock's Cavendish operation is a leader in support, maintenance and decommissioning — shareholders are latching on to the shares, which trade at a 10-year high," said AJ Bell's (AJB.L) investment experts Russ Mould, Danni Hewson and Dan Coatsworth. Stocks: Create your watchlist and portfolio A trading update in April set the scene as to what to expect in the final full-year results, with Babcock having guided to revenue of £4.83bn ($6.51bn), which would be up 11% on an organic constant currency basis. The company expects to report an underlying operating profit of £363m, which would be up 17% year-on-year. In addition, Babcock said it had a contracted backlog of £10.1bn as of 31 March, up from $9.5bn at the half-year point. "Babcock rejoined the dividend list last year, with a distribution of 5p a share, and analysts are looking for 7.2p this time around," said AJ Bell's investment experts. For the coming year, they said that analysts expect 5% sales growth to £5bn, £383m in underlying operating profit for a 7.7% margin and broadly flat free cash flow, with an increase in the dividend to 9.1p a share. Shares in Bunzl (BNZL.L) plunged in April after the distribution and services giant cut its guidance for the year, citing challenges in its North America business. In a first quarter trading statement, Bunzl reported 2.6% revenue growth for the period but said adjusted operating profit was down "significantly" year-on-year. The company, which distributes products to companies ranging from paper towels to personal protective equipment (PPE), said it was reducing its 2025 guidance "reflect the operational challenges faced by our largest business in North America, and the implications on the remainder of the year from a more challenging start for the group." Read more: Why bitcoin and gold are rallying as bond yields hit 30-year highs Bunzl said it now expects moderate revenue growth for the year, "driven by announced acquisitions and broadly flat underlying revenue". The company's group operating margin for the year is expected to be moderately below 8%, compared to 8.3% in 2024. Matt Britzman, senior equity analyst at Hargreaves Lansdown, said: "Bunzl's reputation as a steady ship is under some serious pressure after a disappointing first quarter that was as much self-inflicted as due to a weakening market." "North America, Bunzl's largest and most profitable market, is facing headwinds due to missteps in pricing strategy and broader market pressures," he said. "Markets are expecting to hear more in next week's trading statement about how Bunzl has resolved some of the pricing issues and the ongoing impact of tariffs." "Bunzl has historically been able to benefit in times of rising prices, and investors are still cautiously optimistic that some more positive commentary is around the corner," added Britzman. Monday 23 June CML Microsystems (CML.L) Naspers ( Prosus ( Tuesday 24 June Accsys Technologies ( Telecom Plus (TEP.L) Intercede (IGP.L) SThree (STEM.L) FedEx (FDX) Carnival (CCL.L) Wednesday 25 June ProCook (PROC.L) Alimentation Couche-Tard ( General Mills (GIS) Thursday 26 June Volex (VLX.L) CakeBox (CBOX.L) James Latham (LTHM.L) Serco (SRP.L) Inchcape (INCH.L) Moonpig (MOON.L) Friday 27 June Various Eateries (VARE.L) You can read Yahoo Finance's full calendar here. Read more: Looming petrol price increase could hit fragile consumer confidence Bank of England holds interest rates at 4.25% amid inflation fears Eurozone inflation falls below ECB target to 1.9%
Time of India
10 hours ago
- Time of India
Donald Trump has been an iPhone fan, and why it is a headache for his security team
President Donald Trump 's unprecedented accessibility through his personal iPhone has become a defining feature of his presidency, but security experts continue to worry about the potential vulnerabilities his device creates. Unlike any modern predecessor, Trump maintains constant contact with CEOs, celebrities, lawmakers, and journalists who bypass the White House switchboard entirely to reach him directly on his iPhone. During a May executive order signing ceremony, Trump's phone rang twice with the "Reflection" ringtone, prompting him to quip, "It's only a congressman." Security concerns persist despite presidential protocol According to The Atlantic, past advisors have repeatedly warned Trump that his habit of keeping his personal device leaves him vulnerable to hacking. It remains unclear what security modifications have been made to address these concerns, though the president is rarely seen without his phone. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Memperdagangkan CFD Emas dengan salah satu spread terendah? IC Markets Mendaftar Undo The device has evolved significantly since Trump's flip-phone days in 2005. Initially using both Android and Apple devices during his 2016 campaign, Trump eventually became a dedicated iPhone user. Photos from his January 2025 inauguration reveal he's upgraded to a newer model featuring Apple's "Dynamic Island" cutout, indicating at least an iPhone 14 Pro. Personal touch comes with professional risks Trump's accessibility often depends on timing, with callers attempting to reach him during motorcade rides or when leaving the Oval Office. The president's phone frequently interrupts official business, and photographers have captured his customized lockscreen featuring an image of himself. This unprecedented level of presidential accessibility through personal technology represents a significant departure from traditional security protocols. While President Obama maintained a BlackBerry in office, he couldn't receive incoming calls, a restriction Trump has notably avoided despite ongoing security warnings from his team. AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Business Insider
12 hours ago
- Business
- Business Insider
Earnings Preview: Once Mighty BlackBerry (BB) Faces a Make-or-Break Quarter
BlackBerry (BB) is approaching its next quarterly financial results on June 24 with its stock on a hot streak, having risen 14% on the year. Confident Investing Starts Here: However, with its share price ripping higher, analysts say it likely won't take much for the stock of the once mighty Canadian smartphone maker to crash on a disappointing print. BlackBerry's share price fell 10% after the company's previous financial results missed the mark. The consensus expectation among analysts is for BlackBerry to post flat earnings of $0.00 per share and revenue of $112.18 million for the quarter. While that might seem like a low bar to jump, it could prove too much for BlackBerry, which has struggled for more than a decade to transition away from its original business as a maker of smartphones and into cybersecurity and Internet of Things (IoT) technologies. BlackBerry has also become a meme stock in recent years. Past Performance In early April of this year, BlackBerry posted a net loss of -$7.4 million for what was its Fiscal fourth quarter. While that was an improvement from a loss of -$56.2 million a year earlier, it showed the company remains unprofitable and continues to struggle financially. BlackBerry, which keeps its books in U.S. dollars, said its revenue for the quarter totaled $141.7 million, down 7% from $152.9 million in the same quarter a year earlier. Among its business units, the worst-performer was licensing, where revenue came in at $8.6 million, down 44% from $15.4 million in the same quarter of 2024. BB stock has declined 16% over the last five years and is now a penny stock, defined as any security that trades for less than $5 a share. Is BB Stock a Buy? BlackBerry's stock has a consensus Moderate Buy rating among three Wall Street analysts. That rating is based on one Buy and two Hold recommendations issued in the last three months. The average BB price target of $4.67 implies 8.10% upside from current levels.
Yahoo
a day ago
- Automotive
- Yahoo
QNX named foundational OS for Eclipse S-CORE project
QNX, a division of BlackBerry, has announced that its Software Development Platform (SDP) 8.0 will serve as the foundational operating system for the Eclipse Foundation's Safe Open Vehicle Core (S-CORE) Project. This collaboration aims to expedite the development timelines for automaker Software Defined Vehicle (SDV) projects and reduce the costs associated with moving from research to production. The S-CORE project represents a significant step forward in establishing a common, open, and safety-critical software platform for the automotive industry. It is an open-source initiative under the Eclipse Software Defined Vehicle (SDV) Working Group, which includes industry leaders such as BMW Group, Mercedes-Benz, ETAS, Qorix, and Accenture. Together, they are developing an open-source core stack for SDVs, focusing on embedded high-performance Electronic Control Units (ECUs). The initial release of S-CORE (v0.5) is set to provide essential functionalities like application orchestration, inter-process communication (IPC), and logging & persistency. To support these features, QNX SDP 8.0 has been chosen as the operating system for the initial reference platform. This integration is part of the QNX Everywhere initiative, which offers expanded access to QNX's high-performance foundational software for non-commercial purposes, benefiting students, educational institutions, research organizations, and OEMs for early prototyping. The QNX Everywhere initiative grants free access to QNX SDP 8.0 for non-commercial use, along with complimentary resources and on-demand training. This initiative is designed to facilitate learning, experimentation, and innovation in embedded systems. By leveraging the reliability of operating systems like QNX alongside the adaptability of open-source development, the S-CORE project enables contributors and adopters to innovate more rapidly and efficiently, from the proof-of-concept stage all the way through to production. QNX COO and head of Products, Engineering and Services John Wall said: "Embracing our role as the foundational operating system for the Eclipse S-CORE Project is a testament to QNX's trusted reputation within the automotive industry. This milestone benefits OEMs by enabling easy and simple access to QNX 8 software for non-commercial use for advanced prototyping to accelerate development cycles. "By enabling Eclipse S-CORE and with support from a who's who of major automakers and Tier 1s, we're thrilled to provide more non-commercial developers with free access to QNX SDP 8.0, enabling them to build the future of automotive technology with confidence and efficiency." "QNX named foundational OS for Eclipse S-CORE project" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
News18
2 days ago
- News18
BlackBerry Phones Running On Android Could Be Making A Comeback With A New Name
Last Updated: BlackBerry phones running on Android could become a reality once again thanks to this Chinese company and its big plans. Remember the popular BlackBerry Classic phone with the QWERTY keyboard and BB Messenger fad? Well, we could see this classic device make a comeback in a new avatar and running on Android. Reports this week claim a Chinese company could be making this move, and offer this phone with its own branding. This Blackberry Classic 2.0 model will be manufactured and designed by Zinwa Technologies and the name of the new phone will be Zinwa Q25, as mentioned in a report by TechRadar. So what will the Zinwa Q25 bring to the table beside the Classic design? The report says it will come with Android 13 version out of the box, and not 14 or 15 but the company assures you will get security updates and bug fixes regularly. It is likely to be powered by a MediaTek Helio chipset with 12GB RAM and 256GB storage. The modern version of the Classic will get USB C for charging, NFC, and a single SIM slot with support for 4G LTE bands across the globe. It could have a square-shaped body, with the simple styled keyboard and the LED notification light for messages and calls. The phone is likely to pack a 3,000mAh battery. Zinwa also will have its own version of the BlackBerry cursor built into the Q25 which negates the use of a touch screen and let people navigate on the phone using the trackpad. You will get a single 50MP camera at the back and an 8MP selfie shooter. The BlackBerry Android phase started with a lot of excitement but the company's ambitions and push fizzled out quickly. There is hope that companies like Zinwa can give it a modern twist and bring the old BB memories back for the consumers. First Published:
