BlackBerry Stock (NYSE:BB), Trade Ideas

BlackBerry

BlackBerry, once known for being the world's largest smartphone manufacturer, is now exclusively a software provider with a stated goal of end-to-end secure communication for enterprises. The firm provides endpoint management and protection to enterprises, specializing in regulated industries like government, as well as embedded software to the automotive, medical, and industrial markets.

Apple Store Fifth Avenue

News

Tech

General

AAPL

The past week was a rollercoaster ride for Apple, with news ranging from potential manufacturing expansion in Indonesia to a new challenge in the Chinese market from Huawei.

Apple Eyes Manufacturing Expansion In Indonesia, Huawei Challenge And More: This Week In Appleverse

Apple iPhone China

Global

GOOGL

The recent security alerts on Apple&#39;s iPhones could be a result of an espionage campaign out of China, according to a new security report.

China-Linked Espionage Campaign Targeting Apple&#39;s iPhones: BlackBerry Raises Alarm With New Report

Penny Stocks

Small Cap

Intraday Update

Markets

Movers

Trading Ideas

ADIL

AEYE

Alterity Therapeutics Limited - American Depositary Shares

ATHE

BHVN

BTCY

CENX

CMAX

Envoy Medical, Inc. - Class A Common Stock

COCH

DXYZ

EGIO

EXTR

HUBC

IMCC

INFA

KAVL

KUKE

LGVN

LOCL

MNDR

MRNS

NMRA

Nuveen California Dividend Advantage Municipal Fund 2

NXPL

ONVO

PROK

PSNY

QTTB

RARE

RENT

SNGX

SNPO

SPCB

SPWR

SRFM

SWVL

TCON

VERU

VIAO

WIRE

Shares of  Ultragenyx Pharmaceutical Inc.  (NASDAQ: RARE) fell sharply during Monday’s session after the company revealed new data from the Phase 1/2 study of GTX-102 for Angelman syndrome, a genetic disorder causing developmental disabilities and nerve-related symptoms.

Why Ultragenyx Pharmaceutical Shares Are Trading Lower By Around 9%? Here Are Other Stocks Moving In Monday&#39;s Mid-Day Session

BlackBerry Ltd

JPMorgan BetaBuilders U.S. Aggregate Bond ETF

BB Biotech AG

BigBear.ai Holdings Inc

BigBear.ai, Inc. Redeemable Warrants, each exercisable for one share of Common Stock at an exercise price of $11.50 per share

Banco del Bajio SA

NEW YORK HEALTH CARE INC by New York Health Care, Inc.

New York Health Care Inc

Banco BBVA Argentina SA

JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF

BondBloxx ETF Trust BondBloxx BBB Rated 5-10 Year Corporate Bond ETF

BAKER BOYER BANCORP WALLA by Baker Boyer Bancorp

Baker Boyer Bancorp

BondBloxx ETF Trust BondBloxx BBB Rated 10+ Year Corporate Bond ETF

Huntsman Exploration Inc

HUNTSMAN EXPLORATION INC by Huntsman Exploration Inc.

BondBloxx ETF Trust BondBloxx BBB Rated 1-5 Year Corporate Bond ETF

BLACK BIRD BIOTECH INC by BLACK BIRD BIOTECH INC

Black Bird Biotech Inc

BRIXTON METALS CORP by Brixton Metals Corp.

Brixton Metals Corp

Bed Bath & Beyond Inc

Virtus LifeSci Biotech Clinical Trials ETF

JPMorgan BetaBuilders Canada ETF

JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF

Blue-Touch Holdings Group Co., Ltd

BLACKBIRD CRITICAL METALS by BLACKBIRD CRITICAL METALS CORP.

Blackbird Critical Metals Corp

The Better Being Co

Concrete Pumping Holdings, Inc. - Common Stock

Concrete Pumping Holdings Inc

Concrete Pumping Holdings Inc Warrants(06/12/2023)

Banco Bradesco Sa American Depositary Shares

Bank Bradesco SA

BEBIDA BEVERAGE CO by Bebida Beverage Co.

Bebida Beverage Co

Barings BDC Inc

Banco Bradesco Sa American Depositary Shares (each representing one Common Share)

BETER BED HLDG NV UNS/ADR by BETER BED HLDG NV

J.P. Morgan Exchange-Traded Fund Trust JPMorgan BetaBuilders Emerging Markets Equity ETF

JPMorgan BetaBuilders Europe ETF

Beasley Broadcast Group, Inc. - Class A Common Stock

Beasley Broadcast Group Inc

VanEck Biotech ETF

JPMorgan BetaBuilders USD High Yield Corporate Bond ETF

J.P. Morgan Exchange-Traded Fund Trust JPMorgan BetaBuilders U.S. Treasury Bond 3-10 Year ETF

VINCO VENTURES INC by Vinco Ventures, Inc.

Vinco Ventures Inc

JPMorgan BetaBuilders International Equity ETF

BridgeBio Pharma Inc

J.P. Morgan Exchange-Traded Fund Trust JPMorgan BetaBuilders U.S. TIPS 0-5 Year ETF

BONUS BIOGROUP LTD by Bonus Biogroup Ltd.

Bonus BioGroup Ltd

JPMorgan BetaBuilders Japan ETF

BIGG DIGITAL ASSETS INC by BIGG Digital Assets Inc.

BIGG Digital Assets Inc

J.P. Morgan Exchange-Traded Fund Trust JPMorgan BetaBuilders U.S. Treasury Bond 20+ Year ETF

BLOCKCHAIN LOYALTY CORP by Blockchain Loyalty Corp.

Blockchain Loyalty Inc

Bone Biologics Corp

BRITANNIA BULK HLDGS INC by Britannia Bulk Holdings, Inc.

Britannia Bulk Holdings Inc

BABYLON HLDGS LTD A NEW by Babylon Holdings Limited

Babylon Holdings Ltd

Bubblr Inc

PETROLIA ENERGY CORP by Petrolia Energy Corp.

Petrolia Energy Corp

EA Series Trust EA Bridgeway Blue Chip ETF

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF

BORDER BANCSHARES ME by Border Bancshares

BBMG Corp

BlackRock Taxable Municipal Bond Trust Common Shares of Beneficial Interest

BlackRock Taxable Municipal Bond Trust

BLACK BOX ENTERTAINMENT by Black Box Entertainment Ltd.

Black Box Entertainment Ltd

BEBOP CHANNEL CORP by BeBop Channel Corporation

BeBop Channel Corp

Virtus LifeSci Biotech Products ETF

Blackbird PLC

JPMorgan BetaBuilders MSCI U.S. REIT ETF

BLUEBERRIES MEDICAL CO by Blueberries Medical Co.

Blueberries Medical Corp

BrewBilt MFG Inc

Burberry Group PLC

BBS Network

JPMorgan BetaBuilders 1-5 Year U.S. Aggregate Bond ETF

J.P. Morgan Exchange-Traded Fund Trust JPMorgan BetaBuilders U.S. Treasury Bond 1-3 Year ETF

JPMorgan BetaBuilders U.S. Small Cap Equity ETF

BB SEGURIDADE PART SA ADR by BB Seguridade Participacoes SA

BB Seguridade Participacoes SA

Barrett Business Services, Inc. - Common Stock

Barrett Business Services Inc

BLUESTONE RESOURCES ORD by Bluestone Resources, Inc.

Bluestone Resources Inc

BTAB ECOMMERCE GROUP INC by Btab Ecommerce Group, Inc.

Btab Ecommerce Group Inc

BBTV Holdings Inc Ordinary Shares (Sub Voting)

Brookfield Business Partners L.P. Limited Partnership Units

Brookfield Business Partners LP

Brookfield Business Corporation Class A Exchangeable Subordinate Voting Shares

Brookfield Business Corp

BIG BUCK BRWRY&STKHSE by Big Buck Brewery & Steakhouse, Inc.

Big Buck Brewery & Steakhouse Inc

JPMorgan BetaBuilders U.S. Equity ETF

Bebuzee Inc

Banco Bilbao Vizcaya Argentaria S.A. Common Stock

Banco Bilbao Vizcaya Argentaria SA

BANCO BILBAO V/ARGNTNA SA by Banco Bilbao Vizcaya Argentaria, S.A.

Build-A-Bear Workshop Inc

Bath & Body Works Inc

BBX Capital Inc

Best Buy Co Inc

ABRA INFORMATION TECH LTD by ABRA INFORMATION TECHNOLOGIES LTD

BABYTREE GROUP by BABYTREE GROUP

The past week was a rollercoaster ride for Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), with news ranging from potential manufacturing expansion in Indonesia to a new challenge in the Chinese market from Huawei. The tech giant also faced questions about the profitability of its App Store and concerns about a China-linked espionage campaign. Amid all this, we also discovered some funky features of the iPhone. Let&#8217;s dive into the details.
<h3 class="wp-block-heading">Apple Eyes Manufacturing Expansion In Indonesia</h3>
Apple CEO Tim Cook has hinted at the possibility of expanding the company&#8217;s manufacturing base to Indonesia. This follows Cook&#8217;s discussions with Indonesian President Joko Widodo, where the two discussed potential manufacturing opportunities in the country. &#8220;We talked about the president&#8217;s desire to see manufacturing in the country and it&#8217;s something that we will look at," Cook said. <a href="https://www.benzinga.com/news/24/04/38290331/tim-cook-eyes-apple-manufacturing-expansion-in-indonesia-after-talks-with-president-theres-a-lot-of">Read the full article here.</a>
<h3 class="wp-block-heading">Huawei&#8217;s New Launch Poses Challenge To Apple&#8217;s iPhone Sales</h3>
Chinese tech giant Huawei Technologies Co. has launched its latest series of smartphones, the Pura 70, to challenge Apple in the high-end segment of the Chinese market. The new series, with prices ranging from $760 to $1,380 for the Ultra edition, is expected to further impact iPhone sales in China. <a href="https://www.benzinga.com/markets/equities/24/04/38308198/apples-falling-iphone-sales-have-another-challenge-to-deal-with-as-huawei-launches-new-phones">Read the full article here.</a>
<h3 class="wp-block-heading">Apple Exec Uncertain About App Store&#8217;s Profitability</h3>
See Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38314733/teslas-autonomous-driving-efforts-win-praise-from-goldman-sachs-wall-street-firm-pr?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla&#8217;s Autonomous Driving Efforts Win Praise From Goldman Sachs: Wall Street Firm Projects Long-Term Gro</a>
Phil Schiller, one of Apple&#8217;s top executives, admitted in court that he is unsure about the profitability of the App Store. Schiller, who has been with the App Store since its inception, stated that Apple does not record minutes of meetings between senior executives, a practice dating back to the Steve Jobs era. <a href="https://www.benzinga.com/news/24/04/38292771/top-apple-exec-points-to-steve-jobs-era-for-lack-of-meeting-records-casts-doubt-on-app-stores-profit">Read the full article here.</a>
<h3 class="wp-block-heading">China-Linked Espionage Campaign Targets Apple&#8217;s iPhones</h3>
According to a new security report, the recent surge in security alerts on iPhones could be a result of a China-linked espionage campaign. BlackBerry has flagged a resurgence in the LightSpy mobile espionage campaign, which targets victims in Southern Asia, including India. <a href="https://www.benzinga.com/news/24/04/38292593/china-linked-espionage-campaign-targeting-apples-iphones-blackberry-raises-alarm-with-new-report">Read the full article here.</a>
<h3 class="wp-block-heading">Apple Pushes Back Against Epic Games&#8217; Lawsuit</h3>
Apple refuted allegations of violating a court order related to its App Store and has urged a federal judge to dismiss Epic Games‘ request for contempt charges. <a href="https://www.benzinga.com/general/gaming/24/04/38249716/apple-pushes-back-against-epic-games-lawsuit-accuses-latter-of-seeking-to-increase-profitability">Read the full article here.</a>
Read Next: <a href="https://www.benzinga.com/markets/equities/24/04/38345502/elon-musk-reacts-after-nvidia-stock-plunges-10-and-erases-212b-market-cap-rookie-numbers?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Reacts After Nvidia Stock Plunges 10% And Erases $212B Market Cap: &#8216;Rookie Numbers&#8217;</a>
Photo courtesy: Shutterstock
<div style="font-family: 'Lato', sans-serif">
<hr style="border: 0;height: 5px;background: #225aa9" />
<div style="background-color: #f5f5f5;background-position: center;background-size: cover;justify-content: center"></div>

 Engineered by 
 Benzinga Neuro, Edited by 
 
 <a href="None" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none"> 
 Rounak Jain</a> 
 
 
<hr style="border: 0;height: 1px;background: #225aa9" />

 The GPT-4-based Benzinga Neuro content generation system exploits the 
 extensive Benzinga Ecosystem, including native data, APIs, and more to 
 create comprehensive and timely stories for you. 
 <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none">Learn more.</a>
 
<hr style="border: 0;height: 5px;background: #225aa9" />
 </div>

The recent <a href="https://www.benzinga.com/news/24/04/38197149/apple-issues-urgent-alert-to-users-in-92-countries-beware-of-sophisticated-mercenary-spyware-attack">spate of security alerts</a> popping up on Apple Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) iPhones could be a result of an espionage campaign out of China, according to a new security report.
What Happened: BlackBerry (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BB#NYSE">BB</a>) has <a href="https://blogs.blackberry.com/en/2024/04/lightspy-returns-renewed-espionage-campaign-targets-southern-asia-possibly-india">flagged</a> a resurgence in the LightSpy mobile espionage campaign, with a particular focus on Southern Asia, including potential targets in India.
The LightSpy campaign, which was first reported in 2020, is a sophisticated iOS implant designed to extract private information from victims, including precise location data and sound recordings during VOIP calls.
The malware can also access a user&#8217;s contacts, SMS messages, phone call history, GPS location, connected WiFi history, and browser history.
The last campaign attributed to the LightSpy attacker was in 2020, amid escalating political tensions in Hong Kong. The malicious implants were distributed through &#8220;poisoned&#8221; news sites focused on polarizing issues in the Hong Kong region.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
The threat actor group thought to be behind this LightSpy campaign reportedly had active servers in China, Singapore, and Russia.
The targeting of individuals in Southern Asia, coupled with the suspected Chinese origin of the attackers, raises concerns about the potential motives and geopolitical implications of this campaign.
Though typically deployed against a very small percentage of individuals – most usually journalists, activists, politicians, and diplomats – hyper-focused spyware attacks are an ongoing and global threat.
See Also: <a href="https://www.benzinga.com/news/24/04/38268298/when-elon-musk-met-jack-ma-and-instantly-regretted-it?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">&#8216;When Elon Musk Met Jack Ma And Instantly Regretted It&#8217;</a>
"The extreme cost, sophistication, and worldwide nature of mercenary spyware attacks make them some of the most advanced digital threats in existence today," Apple wrote in its latest advisory.
Why It Matters: The resurgence of LightSpy comes at a time when the global tech community is grappling with a wave of sophisticated cyber threats.
Earlier this year, Alphabet Inc.'s Google reported a significant increase in <a href="https://www.benzinga.com/news/24/03/37975197/google-uncovers-chinas-alarming-surge-in-cyber-espionage-zero-day-exploits-through-the-roof">China&#8217;s government-backed exploitation</a> of zero-day vulnerabilities, with the country&#8217;s cyber espionage groups exploiting 12 zero-day vulnerabilities in 2023, up from seven in 2022.
Security researchers have also uncovered another <a href="https://www.benzinga.com/news/23/12/36407911/apples-iphones-were-backdoored-for-four-years-using-the-most-sophisticated-attack-chain-ever-say-sec">unnerving Apple security incident</a>, where iPhones are said to have been backdoored for four years in the "most sophisticated attack chain ever."
Price Action: Apple's shares were up 0.3% in premarket trading on Wednesday after closing at $169.38 on Tuesday, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next: <a href="https://www.benzinga.com/news/24/04/38286752/elon-musk-reacts-as-marc-andreessen-says-google-is-literally-run-by-employee-mobs-with-chinese-spies">Elon Musk Reacts As Marc Andreessen Says Google Is &#8216;Literally Run By Employee Mobs&#8217; With &#8216;Chinese Spies&#8217; Scooping Up AI Chip Designs</a>
Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

China-Linked Espionage Campaign Targeting Apple's iPhones: BlackBerry Raises Alarm With New Report

WIIM

ADSK

AVGO

BBAI

CRWD

DOCU

HUBS

MRVL

OKTA

PANW

PLTR

SNOW

SOUN

Shares of tech, AI and software stocks are trading lower amid a rise in Treasury yields.

Shares of Ultragenyx Pharmaceutical Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rare#NASDAQ">RARE</a>) fell sharply during Monday&rsquo;s session after the company revealed new data from the Phase 1/2 study of GTX-102 for Angelman syndrome, a genetic disorder causing developmental disabilities and nerve-related symptoms.
Ultragenyx Pharmaceutical shares dipped 9.4% to $42.46 on Monday.
Here are some other stocks moving in today&#39;s mid-day session.
<h3>Gainers</h3>
<ul>
<li>Soligenix, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sngx#NASDAQ">SNGX</a>) shares surged 71.5% to $0.6679 after the company announced that it was granted orphan drug designation to the active ingredient in MarVax for the prevention and post-exposure prophylaxis against MARV infection by the FDA.</li>
<li>Longeveron Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lgvn#NASDAQ">LGVN</a>) surged 54% to $2.6350 following insider buys from multiple company executives.</li>
<li>SuperCom Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/spcb#NASDAQ">SPCB</a>) shares gained 39.4% to $0.3849 after jumping around 18% on Friday.</li>
<li>Piedmont Lithium Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pll#NYSE">PLL</a>) shares gained 32.1% to $16.75 following a 5% decline on Friday.</li>
<li>Snap One Holdings Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/snpo#NASDAQ">SNPO</a>) surged 31.6% to $10.71 after the company announced that it will be acquired by Resideo Technologies.</li>
<li>Organovo Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/onvo#NASDAQ">ONVO</a>) shares surged 30.9% to $1.32 after the company announced Phase 2 results for FXR314. Study results demonstrated statistically significant reduction in liver fat content from baseline in patients receiving FXR314 compared to placebo.</li>
<li>Kuke Music Holding Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/kuke#NASDAQ">KUKE</a>) jumped 27% to $2.7650.</li>
<li>HUB Cyber Security Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hubc#NASDAQ">HUBC</a>) gained 24% to $1.61 after gaining over 11% on Friday.</li>
<li>Edgio, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/egio#NASDAQ">EGIO</a>) gained 24% to $22.18.</li>
<li>Kaival Brands Innovations Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/kavl#NASDAQ">KAVL</a>) surged 23.6% to $3.30.</li>
<li>Envoy Medical, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/coch#NASDAQ">COCH</a>) gained 22.6% to $6.19.</li>
<li>Medical Properties Trust, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mpw#NYSE">MPW</a>) rose 19.9% to $4.7850 after the company announced that it sold its majority interest in Utah Hospitals.</li>
<li>CareMax, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cmax#NASDAQ">CMAX</a>) climbed 19.5% to $3.78.</li>
<li>SES AI Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ses#NYSE">SES</a>) surged 18.7% to $1.77.</li>
<li>Mobile-health Network Solutions (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mndr#NASDAQ">MNDR</a>) gained 17.7% to $17.67.</li>
<li>Adial Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/adil#NASDAQ">ADIL</a>) rose 16.7% to $2.72.</li>
<li>ProKidney Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/prok#NASDAQ">PROK</a>) gained 16.7% to $2.0426.</li>
<li>Biotricity, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/btcy#NASDAQ">BTCY</a>) rose 16.5% to $1.34.</li>
<li>Yatsen Holding Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ysg#NYSE">YSG</a>) gained 13.3% to $3.41.</li>
<li>Destiny Tech100 Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dxyz#NASDAQ">DXYZ</a>) shares gained 12.8% to $32.71 after dipping 42% on Friday.</li>
<li>Encore Wire Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wire#NASDAQ">WIRE</a>) surged 11.7% to $291.60 after the company entered an agreement to be acquired by Prysmian for $290 per share in cash.</li>
<li>Century Aluminum Company (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cenx#NASDAQ">CENX</a>) gained 9.5% to $18.05.</li>
<li>Extreme Networks, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/extr#NASDAQ">EXTR</a>) gained 5.7% to $11.31. B. Riley Securities analyst Dave Kang upgraded Extreme Networks from Neutral to Buy and maintained a $14 price target.</li>
</ul>
<h3>Losers</h3>
<ul>
<li>Marinus Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mrns#NASDAQ">MRNS</a>) shares dipped 77% to $1.6800 after the company provided an update on the Phase 3 RAISE trial and reported preliminary Q1 financial results.</li>
<li>Swvl Holdings Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/swvl#NASDAQ">SWVL</a>) fell 35% to $8.58.</li>
<li>VIA optronics AG (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/viao#NASDAQ">VIAO</a>) dipped 34% to $0.2765.</li>
<li>Veru Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/veru#NASDAQ">VERU</a>) fell 24% to $1.1550. Oppenheimer analyst Leland Gershell reiterated Veru with an Outperform and lowered the price target from $7 to $5.</li>
<li>Rent the Runway, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rent#NASDAQ">RENT</a>) dipped 19.8% to $15.42.</li>
<li>NextPlat Corp (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nxpl#NASDAQ">NXPL</a>) fell 19.8% to $1.50 after jumping 24% on Friday. The company entered into a definitive business combination agreement with its majority-owned subsidiary Progressive Care Inc.</li>
<li>Cyngn Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cyn#NASDAQ">CYN</a>) shares fell 19.1% to $0.1170 after declining around 7% on Friday.</li>
<li>ProMIS Neurosciences, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pmn#NASDAQ">PMN</a>) fell 15.6% to $1.95.</li>
<li>Biohaven Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bhvn#NASDAQ">BHVN</a>) dipped 15.4% to $44.90. Biohaven showcased innovative neuroscience portfolio with 20 presentations at the 2024 AAN Annual Meeting.</li>
<li>Neumora Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nmra#NASDAQ">NMRA</a>) shares declined 15.1% to $11.48 after the FDA placed a clinical hold on the company&#39;s Phase 1 NMRA-266 study.</li>
<li>Alterity Therapeutics Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/athe#NASDAQ">ATHE</a>) dipped 15% to $2.49.</li>
<li>Surf Air Mobility Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/srfm#NASDAQ">SRFM</a>) fell 15% to $0.53.</li>
<li>IM Cannabis Corp (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/imcc#NASDAQ">IMCC</a>) fell 14.2% to $0.5399.</li>
<li>Polestar Automotive Holding Uk Plc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/psny#NASDAQ">PSNY</a>) fell 12.7% to $1.2699. On Friday, Cantor Fitzgerald analyst Andres Sheppard reiterated Polestar Automotive with an Overweight and maintained a $5 price target.</li>
<li>Desktop Metal, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dm#NYSE">DM</a>) fell 10.8% to $0.8510.</li>
<li>Local Bounti Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/locl#NYSE">LOCL</a>) declined 10.2% to $2.1550.</li>
<li>Q32 Bio Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/qttb#NASDAQ">QTTB</a>) fell 10% to $26.00.</li>
<li>SunPower Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/spwr#NASDAQ">SPWR</a>) fell 8.3% to $2.2750.</li>
<li>Informatica Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/infa#NASDAQ">INFA</a>) dipped 8.1% to $35.36 amid increased volatility following reports suggesting Salesforce is in talks to buy the company.</li>
<li>TRACON Pharmaceuticals Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tcon#NASDAQ">TCON</a>) declined 8.1% to $2.1699 after falling around 9% on Friday.</li>
<li>NOVONIX Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nvx#NYSE">NVX</a>) declined 7.2% to $2.63.</li>
<li>AudioEye, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aeye#NASDAQ">AEYE</a>) fell 6.6% to $12.86 after declining around 7% on Friday.</li>
<li>OncoCyte Corp (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ocx#NASDAQ">OCX</a>) fell 6.6% to $2.5301. Oncocyte announced a transplant assay partnership agreement with Bio-Rad laboratories.</li>
<li>BlackBerry Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bb#NYSE">BB</a>) fell 6.1% to $2.8650.</li>
</ul>
&nbsp;
Now Read This: <a href="https://www.benzinga.com/news/earnings/24/04/38249138/dow-jumps-over-300-points-goldman-sachs-posts-upbeat-earnings"> Dow Jumps Over 300 Points; Goldman Sachs Posts Upbeat Earnings</a>

Why Ultragenyx Pharmaceutical Shares Are Trading Lower By Around 9%? Here Are Other Stocks Moving In Monday's Mid-Day Session

BlackBerry Ltd (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bb#NYSE">BB</a>) was once the leader in the smartphone segment in the mid-2000s when they were known as Research In Motion. Their BlackBerry smartphones had built-in physical keyboards and a trackball utilizing SMS technology. Its users could be identified by clicking away at the tiny keyboards and small screens throughout the day. They ushered in the early days of the smartphone era.
<h2>The Smartphone Revolution Passes By BlackBerry</h2>
The advent of Apple Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aapl#NASDAQ">AAPL</a>) iPhones and Samsung Electronics Co. Ltd (OTC: <a class="ticker" href="https://www.benzinga.com/stock/ssnlf#OTC">SSNLF</a>) Galaxy smartphones eventually took over the market with on-screen keyboards, larger screens and lighter sleek designs with infinite applications. Research in Motion changed its name and identity to BlackBerry, ditched its clunky smartphones and transitioned into a software company focused on enterprise cybersecurity, software licensing and Internet-of-Things (IoT) in the computer and technology sector. Needless to say, the competition has been stiff, especially against giants such as Palo Alto Networks Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/panw#NASDAQ">PANW</a>) and Fortinet Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ftnt#NASDAQ">FTNT</a>).
<h2>Transitioning from Hardware to Software</h2>
While BlackBerry continued to lose market share among consumers, its QNX operating system was still very respected for its exceptional security features, including encrypted messaging, threat detection and secure emails. It&#39;s one of the main reasons the United States Department of Defense (DoD) standardized BlackBerry devices over iPhones as a protocol for its employees. BlackBerry devices were the preferred devices among government agencies to protect sensitive information from espionage and cyber threats.
This helped transition the company to ditch the hardware and embrace the software model to further claw out a niche in the mobile cybersecurity segment. They hold numerous patents in mobile security and communication protocols. In fact, Research in Motion was notorious for never-ending litigation defending its patents, often perceived as the original &quot;patent troll.&quot;&nbsp;
<h2>From Patent Troll to MDM and UEM Solutions Provider </h2>
BlackBerry ditched the hardware in 2016 and sought to establish itself in the mobile device management (MDM) and unified endpoint management (UEM) segment. The company even found itself licensing its data analysis and embedded systems to the vehicle industry. The company has developed its artificial intelligence (AI) powered Cylance cybersecurity solution, which it claims has prevented 133% more attacks, performing 13X faster while utilizing 20X less system overhead than the competition. Its IoT business has also emerged as a promising growth engine. The company has been struggling to return to its glory days as it has failed to achieve consistency with its results.
<img alt="BB daily descending triangle pattern" src="https://www.marketbeat.com/logos/articles/med_20240407134726_chartzy-bb.jpg" style="height:799px; width:915px" />
<h2>Daily Descending Triangle Pattern</h2>
The daily candlestick chart on BB illustrates a descending triangle pattern. The descending (falling) trendline formed at $3.63 on January 23, 2024, capping bounces at lower highs towards the flat-bottom lower trendline at $2.55. The daily relative strength index (RSI) has stalled around the 50-band. The triangle failed a breakdown attempt on March 19, 2024, as shares slingshot higher off the $2.46 swing low to reject the breakout attempt on April 4, 2024, as shares fell back under the descending trendline. Pullback supports are at $2.66, $2.55, $2.34 and $2.20.
Improving Fundamentals 
BlackBerry reported fiscal Q4 2024 EPS of 3 cents, beating analyst expectations for a loss of 4 cents by 7 cents. Revenues grew 14.6% to $173 million, beating $150.47 million consensus estimates. Its IoT division&#39;s QNX royalty backlog rose to $815 million.
<h2>Financial Metrics for the Quarter</h2>
The shining highlight was the all-time quarterly record of $66 million achieved in IoT revenue, which jumped 25% YoY. IoT gross margins were 85%. Cybersecurity revenues rose 5% YoY to $92 million, with a gross margin of 65%. Cybersecurity ARR rose sequentially by 3% to $280 million. Licensing revenues were $15 million.
<h2>Momentum Cut Short by Lowered Guidance </h2>
While BlackBerry&#39;s fiscal Q4 2024 report was inspiring, its momentum was again cut short with downside guidance. The company expects a fiscal Q1 2025 EPS loss of 6 cents to 4 cents versus consensus estimates for a loss of 3 cents. Revenue expectations also fell short, with expectations between $130 million and $138 million versus $149.08 million consensus estimates. Full-year 2025 revenues are expected to be between $588 million and $612 million, falling short of the consensus estimates of $627.42 million.
<h2>Two Steps Forward, One Step Back</h2>
BlackBerry appointed its Cybersecurity division president, John Giamatteo, as its new CEO on December 15, 2023. Giamatteo was formerly president and Chief Revenue Officer of cybersecurity giant McAfee and COO at AVG Technologies. The new CEO sparked some positive sentiment, but plans for a spin-off of its IoT division caused shares to topple. On April 3, 2024, a former senior BlackBerry executive filed a lawsuit against Giamatteo and BlackBerry, alleging sexual harassment along with instances with other women. The company denies the claims, stating, &quot;BlackBerry and Mr. Giamatteo believe that these allegations are without merit and intend to defend against them vigorously.&quot;
The article &quot;<a href="https://www.marketbeat.com/stock-ideas/blackberry-gains-on-iot-growth-but-sours-on-guidance-cut/"> BlackBerry Gains on IoT Growth, but Sours on Guidance Cut </a>&quot; first appeared on MarketBeat.