Business
BlackBerry Shares Surge to 52-Week Highs Amid QNX Momentum in AI and Robotics
Waterloo, Ontario (AP) — BlackBerry Ltd. shares climbed sharply on Friday, trading near $8.83 and extending a powerful rally that has seen the stock hit multiple 52-week highs this week, as investors bet on the company’s entrenched position in automotive software and emerging opportunities in physical artificial intelligence.
The NYSE-listed shares (BB) rose about 0.57% in morning trading on May 29, continuing gains that pushed the stock up more than 60% in the past month. Volume has been elevated, reflecting heightened retail and institutional interest in the former smartphone maker’s transformation into a cybersecurity and embedded software provider.
BlackBerry has shed its consumer hardware roots to focus on two main divisions: QNX, its real-time operating system widely used in vehicles and industrial systems, and Secure Communications, centered on mission-critical government and enterprise tools. The shift has produced consistent profitability improvements, with the company posting its eighth consecutive quarter of GAAP profitability in its fiscal fourth quarter ended February 2026.
QNX Powers Growth in Vehicles and Robotics
QNX remains the crown jewel. The software runs in more than 275 million vehicles globally and posted record revenue of $78.7 million in the fiscal fourth quarter, up 20% year-over-year. The division’s royalty backlog swelled to nearly $950 million, according to company disclosures.
A new QNX-commissioned study released this week underscored growing demand. The research, surveying 1,000 robotics developers, found that 89% view physical AI as critical to their future strategy. Software architecture and integration emerged as the top performance bottleneck for 27% of respondents, outpacing hardware concerns at 16%.
“Hardware advances are no longer the bottleneck; software now leads,” the report emphasized, highlighting needs for deterministic real-time performance and safety in mixed-criticality systems.
Analysts and industry observers see QNX benefiting from the rise of software-defined vehicles and autonomous systems. Partnerships, including expanded collaboration with Nvidia for AI platforms, position BlackBerry to capture royalties as vehicles become more intelligent.
Secure Communications Gains Federal Backing
BlackBerry’s Secure Communications segment also advanced. In mid-May, the company announced that its AtHoc emergency notification platform achieved FedRAMP Class D (High) re-certification, the U.S. government’s highest standard for handling sensitive unclassified data.
The certification supports growing demand from federal agencies for reliable crisis communications. BlackBerry AtHoc is used by about 80% of U.S. federal government organizations for emergency alerts.
In the fiscal fourth quarter, Secure Communications revenue rose 8% to $72.5 million, with annual recurring revenue reaching $218 million.
Financial Turnaround and Capital Returns
For the full fiscal 2026 year, BlackBerry reported revenue of $549.1 million, up 3% from the prior year. Adjusted EBITDA rose sharply, and net income turned positive at $53.2 million compared with a loss in the previous fiscal year.
The company has initiated share repurchases, including a $100 million program announced earlier, signaling confidence in its valuation and cash generation.
Fiscal first-quarter 2026 results, covering the period ended May 2026, are scheduled for release around June 25. Investors will watch for continued QNX momentum and guidance updates.
Market Reaction and Analyst Caution
The rally has drawn attention. Shares have more than doubled year-to-date in some periods of strong momentum, fueled by options activity, social media buzz, and optimism around AI-adjacent software.
However, Wall Street maintains a largely Hold consensus. The average 12-month price target sits around $4.88 to $5.22 from multiple analysts, suggesting potential downside from current levels if growth expectations are not met. Targets range from lows near $4.40 to highs around $6.00 to $8.50 in more optimistic cases.
Concerns include execution risks in a competitive software market, dependence on automotive cycles, and valuation multiples that have expanded rapidly. BlackBerry trades at a premium on forward earnings compared with some software peers.
Company Background and Strategy
Founded in 1984 in Waterloo, Ontario, BlackBerry pioneered secure mobile communications but struggled as smartphones commoditized. Under CEO John Giamatteo, the company has streamlined operations, separated divisions internally, and emphasized high-margin, recurring revenue streams.
CFO Tim Foote has highlighted progress in margins and profitability. Gross margins have improved, with adjusted figures reaching the high 70s in recent quarters.
BlackBerry’s QNX holds a strong reputation for reliability in safety-critical environments, from cars to medical devices and now robotics. Its deterministic real-time capabilities make it suitable for systems where failure is not an option.
Broader Industry Context
The surge aligns with investor enthusiasm for AI infrastructure plays. While much attention focuses on chips and large language models, the “physical” layer — robots, vehicles, industrial automation — requires secure, real-time operating systems. BlackBerry’s decades of experience in regulated industries give it an edge.
Global supply chain resilience and cybersecurity threats further support demand for trusted platforms. BlackBerry’s heritage in secure communications complements its embedded systems business.
Outlook
With fiscal 2027 revenue expected to grow in the mid-single digits or better according to some forecasts, BlackBerry aims to sustain momentum. Upcoming investor events and potential new partnerships could provide further catalysts.
The stock’s volatility remains high, typical for a smaller-cap technology name with a shifting business model. Traders should monitor volume, options flows, and any pre-earnings commentary.
BlackBerry’s revival story reflects broader themes in tech: legacy companies leveraging deep domain expertise to pivot into high-growth niches. Whether the current rally proves sustainable will depend on delivering consistent results and capitalizing on the software-defined future of machines.
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ONEOK: Attractive Yield With Growth, Complementing Cash Flow With Writing Options (OKE)
Cash Builder Opportunities (aka Nick Ackerman) is a former fiduciary and a registered financial advisor with 14 years of investing experience.He is the leader of the investing group Cash Builder Opportunities, where his specific focus is on closed-end funds, dividend growth stocks, and option writing as an attractive way to achieve income. He shares model portfolios and research to help investors make better decisions, via his Investing Group’s active chat room.
Analyst’s Disclosure: I/we have a beneficial long position in the shares of OKE, SOBO, VICI, SBUX either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
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Aaron Chow, aka Elephant Analytics has 15+ years of analytical experience and is a top rated analyst on TipRanks. Aaron previously co-founded a mobile gaming company (Absolute Games) that was acquired by PENN Entertainment. He used his analytical and modeling skills to design the in-game economic models for two mobile apps with over 30 million in combined installs. He is the author of the investing group Distressed Value Investing, which focuses on both value opportunities and distressed plays, with a significant focus on the energy sector. Learn more>>
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
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The author is a director at a small Boston-based software company where he oversees India operations across HR, finance, and business development. His broader professional background spans entrepreneurship, operations, and management across multiple industries. Earlier in his career, he was involved in building out a bottled beverages plant, reflecting a longstanding interest in business building, execution, and commercial strategy. He also holds a PhD in history and teaches part-time at a local college, bringing a research-driven and analytical perspective to both his professional and investing workHe has been investing in U.S. equities for nearly two decades, having started well before international access to U.S. markets became commonplace for Indian investors. Over time, he has developed a style that sits between value and growth. He is most interested in businesses where long-term earnings potential, competitive positioning, or strategic optionality are not yet fully reflected in the stock price. His work is grounded in valuation, but he also looks closely at business quality, management execution, industry structure, and the durability of growth.His primary sector focus is software, IT, and AI, including the growing application of AI across industries such as healthcare. He is especially interested in companies with scalable models, improving economics, and the ability to compound earnings over time. At the same time, his interests are not limited to technology. He also follows real estate-related opportunities, including REITs, and remains open to writing on other sectors where the investment case is compelling.On Seeking Alpha, he aims to write thoughtful, research-based articles that combine business analysis with valuation discipline. His goal is not simply to identify attractive stories but to assess whether the market is mispricing risk, growth, or long-term earnings power. He writes to share well-reasoned ideas with serious investors, refine his own thinking through public analysis, and contribute to a more disciplined discussion around investing. The author is associated with another Seeking Alpha analyst – Dr. Manimala M.
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
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Eldorado Gold Corporation: Well Positioned To Take Advantage Of Elevated Gold Prices
As an investor for almost 20 years, I like to focus on companies with low P/B and P/FCF ratios as I aim to collect dividends from the companies I invest in. I like to use DCF models in my analysis to find the best target prices for the stocks I want to open positions in. My motivation for writing on Seeking Alpha is to share my investment philosophy with a community of sophisticated investors and grow my knowledge base alongside them.
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Business
10 Things to Know About Father’s Day as the Holiday Lands on Its Latest Possible Date
Father’s Day 2026 falls on Sunday, June 21 — the latest possible date the holiday can occur, and one that happens to coincide with the June solstice this year. Here are 10 things worth knowing about the holiday’s history, traditions, and global variations as families across the country prepare to celebrate.
1. The date follows a simple but floating rule
In the United States, Father’s Day is celebrated on the third Sunday in June. The rule is short enough to memorize: the third Sunday in June. There is no equinox math, no lunar calculation, no church table. Count to the first Sunday in June, then add 14 days. That Sunday is Father’s Day. Because June begins on a different weekday each year, the third Sunday can fall anywhere from June 15 through June 21 — and this year lands right at the latest edge of that range.
2. A woman in Spokane is credited with founding the holiday
Sonora Smart Dodd of Spokane, Washington, is usually credited with creating Father’s Day. She is said to have come up with the idea in 1909 while listening to a sermon on Mother’s Day. Dodd’s father, William Jackson Smart, was a Civil War veteran who raised six children alone on his farm after his wife died in childbirth.
3. Dodd originally wanted the holiday on her father’s actual birthday
Mrs. Dodd proposed to the Spokane Ministerial Association and the YMCA that they celebrate a “father’s day.” She chose June 5 because it was her father’s birthday. The idea received strong support, but the good ministers of Spokane asked that the day be changed to give them extra time to prepare sermons on the unexplored subject of fathers.
4. The first official observance happened in 1910
The first Father’s Day in Spokane, Washington, was observed on June 19, 1910, the third Sunday in June, and became an annual event there. Soon, other towns had their own celebrations, though the tradition would take decades to become a permanent national holiday.
5. A mining disaster may represent an even earlier observance
Some historians point to the 1907 Monongah mine disaster in West Virginia as the first observance. The explosion killed 361 men, around 250 of them fathers, and left more than a thousand children without a dad. Grace Golden Clayton, whose own father died in the disaster, asked the pastor of her local Methodist chapel to hold a service of commemoration. The service happened, but it never became an annual tradition.
6. It took 62 years and multiple presidents to make it official
Despite widespread support, Father’s Day was not a permanent national holiday for many years. President Woodrow Wilson wanted to make the day official after a visit to Spokane, but Congress resisted the suggestion, fearing the observance would become too commercialized. President Calvin Coolidge stopped short of issuing a national proclamation in 1924. President Lyndon Johnson recognized the holiday in 1966, but it wasn’t until 1972 that President Richard Nixon signed a law declaring that Father’s Day be celebrated annually on the third Sunday in June.
7. A competing founding story also exists
Sonora Smart Dodd isn’t the only person credited with originating the holiday. Harry C. Meek, a member of Lions Clubs International, claimed that he first had the idea for Father’s Day in 1915. Meek argued that the third Sunday of June was chosen because it was his birthday. The Lions Club has named him “Originator of Father’s Day.”
8. Commercialization came later than the holiday’s founding
The popular story is that Father’s Day was cooked up by greeting-card makers. The actual story is closer to the opposite: it took one woman more than half a century of campaigning, plus three presidents, to get the day onto the calendar at all. Card sales came later, and the public mostly resisted them. In 1938, Dodd collaborated with the Father’s Day Council, a group of New York men’s wear retailers, for the commercial promotion of the observance.
9. Americans are projected to spend a record amount this year
Today, the holiday is one of the most celebrated days of the year in the U.S. In 2026, Americans are projected to spend a record $27.9 billion on Father’s Day, according to the National Retail Federation and Prosper Insights & Analytics. Popular purchases include greeting cards, clothing, special outings, gift cards, and personal care products.
10. The date — and even the season — varies dramatically around the world
Father’s Day looks different depending on where you are in the world. According to International Event Day, more than 111 countries worldwide now observe Father’s Day, though only about 27% celebrate it on the same date each year. Several countries with strong Catholic traditions observe Father’s Day on March 19, the feast of Saint Joseph, venerated as the patron saint of fathers — Spain, Portugal, Italy, and Latin American countries including Honduras and Bolivia follow this date. Germany observes Father’s Day on Ascension Day, a movable Christian feast that falls 39 days after Easter, landing on May 14 in 2026. Australia and New Zealand celebrate on the first Sunday in September, reflecting the Southern Hemisphere’s seasons, where September marks the arrival of spring; that lands on September 6 in 2026. Thailand observes Father’s Day on December 5, the birthday of the late King Bhumibol Adulyadej, who reigned for over seven decades and was widely regarded as a fatherly national figure.
A Quiet Tribute, Often Marked With Color
Beyond gifts and family gatherings, the holiday carries smaller, more personal traditions as well. Some observe the custom of wearing a red rose to indicate that one’s father is living, or a white rose to indicate that he is deceased. Other males — for example, grandfathers or uncles who have assumed parenting roles — are often also honored on the day, broadening the holiday’s reach beyond biological fathers alone.
A Founder’s Lasting Legacy
Sonora Smart Dodd campaigned for the holiday she helped create for more than 50 years before it finally achieved permanent national recognition. Dodd died in 1978 at age 96; her grave in Spokane reads “Founder of Father’s Day” — a fitting tribute to a woman whose decades-long advocacy ultimately reshaped how an entire country marks the contributions of fathers each June.
What This Means for 2026
With Father’s Day landing on its latest possible date this year and coinciding with the June solstice, families across the United States, Canada, and the United Kingdom will mark the occasion on June 21, while relatives connected to countries observing the holiday on different dates — whether in March, May, or September — will have their own separate opportunities throughout the year to honor the fathers and father figures in their lives.
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