'Former Smartphone King' Blackberry Soars 20% in One Day

BlackBerry Ltd. (BB) closed at $7.94 on the New York Stock Exchange, up 19.4% in a single day. Trading volume topped 30.19 million shares, and its market capitalization swelled to about $4.65 billion (roughly ₩6.5 trillion). The one-day gain added approximately $1.12 billion (around ₩1.6 trillion) in market value.

The previous day, BlackBerry’s share price surged from a 52-week low to a 52-week high of $6.64, delivering a gain of over 60% since the start of the year. Some analysts have warned of potential overvaluation relative to fundamentals. In its fiscal 2026 fourth-quarter results, the company reported its eighth consecutive quarter of GAAP profitability, highlighted double-digit growth in its QNX embedded-software and secure-communications segments, and officially declared its turnaround complete.

Once a smartphone-market leader, BlackBerry has reinvented itself after losing ground to Apple’s iPhone and Android rivals. It now focuses on its QNX automotive and industrial embedded operating system, military-grade secure communications and crisis-management software. Thanks to this restructuring and the sale of non-core assets, earnings have stabilized, leading the market to view BlackBerry not as a meme stock but as a performance-driven software company.