BlackBerry's Path To Profitability In Question, Analyst Cites Cybersecurity Struggles and Sluggish IoT Growth
BlackBerry's Path To Profitability In Question, Analyst Cites Cybersecurity Struggles and Sluggish IoT Growth
BlackBerry expects third-quarter revenue of $146 million-$154 million and full-year revenue of $591 million-$616 million.BlackBerry (NYSE:BB) stock is plunging Friday after reporting an upbeat second-quarter print Thursday.
黑莓（紐交所：BB）股票在週四發佈令人振奮的第二季業績後，週五暴跌。
BlackBerry reported revenue of $145.00 million, beating the analyst consensus estimates of $141.42 million. IoT revenue increased by 12% to $55 million, up. Cybersecurity revenue grew by 10% to $87 million. Licensing revenue was $3 million.
黑莓業績顯示，營業收入達到了$14500萬，超出分析師一致預期的$14142萬。物聯網營業收入增長了12%，達到了$5500萬。網絡安全概念營業收入增長了10%，達到了$8700萬。許可收入爲$300萬。
Also Read: BlackBerry Launches AI-Powered CylanceMDR Pro Cybersecurity For Businesses: Details
另請參閱：黑莓推出面向企業的AI驅動的CylanceMDR Pro網絡安全 概念：詳情
BlackBerry expects third-quarter revenue of $146 million-$154 million and full-year revenue of $591 million-$616 million.
黑莓預計第三季度營業收入爲$14600萬-$15400萬，全年營業收入爲$59100萬-$61600萬。
RBC Capital analyst Paul Treiber reiterated BlackBerry with a Sector Perform and a $3 price target.
RBC Capital的分析師保羅·特萊伯在維持對黑莓的板塊表現和$3的目標價的同時重申了對黑莓的評級。
The re-rating reflects BlackBerry's sluggish growth in Cybersecurity and IoT and its lack of visibility into growth in emerging segments.
這一再評級反映了黑莓在網絡安全和物聯網領域增長緩慢以及對新興領域增長缺乏清晰前景。
The price target values Cybersecurity at 0.5 times calendar 2025 EV/S and IoT at 6.3 times calendar 2025e EV/S.
目標價將網絡安全概念定價爲2025年日曆年淨資產/營業收入的0.5倍，將物聯網定價爲2025年日曆年淨資產/營業收入的6.3倍。
Treiber noted his target valuation multiple on IoT is justified below Auto Tech peers given lower forecasted growth, and his target valuation multiple on Cybersecurity is justified below Cybersecurity peers given the segment's historical struggles and lack of profitability.
特萊伯指出，他對物聯網的目標估值倍數是合理的，低於汽車技術同行，因爲預測增長較低。他對網絡安全概念的目標估值倍數是合理的，低於網絡安全同行，因爲這一板塊歷史上的困境和缺乏盈利能力。
Treiber noted that visibility to sustained profitability has improved following the material drop in BlackBerry's operating expenditures. However, visibility to revenue growth is less clear, given the headwinds of industry and competition.
特雷伯指出，隨着黑莓運營支出大幅下降，實現持續盈利能見度有所提高。然而，由於行業和競爭的不利影響，營業收入增長的可見度較低。
The analyst noted that the near-term stabilization of BlackBerry's business and profitability may help lift valuation from trough levels. He said a material re-rating in the stock will likely depend on sustained profitability and growth, along with other potential value-creation strategies like the sale or spin-out of Cybersecurity business.
分析師指出，黑莓業務和盈利的近期穩定可能有助於將估值從最低水平提升。他表示，股價的重大重新評估可能取決於持續盈利和增長，以及其他潛在的價值創造戰略，比如出售或剝離網絡安全概念業務。
Treiber projected third-quarter revenue of $150.1 million.
特雷伯預計第三季度營業收入爲15010萬美元。
Price Action: BB stock was down 0.98% at $2.52 at the last check on Friday.
股票價格走勢：Bb股票在上週五最後一次交易檢查時下跌0.98%，報2.52美元。
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譯文內容由第三人軟體翻譯。
