Why BlackBerry (BB) fell 3.73%
BlackBerry (BB) fell 3.73% on September 24, 2026 — Flat sales derail BlackBerry turnaround bet.
What happened
BlackBerry's latest business update showed flat sales, offering no evidence of a turnaround — a concrete miss against the narrative that software and security licensing would drive renewed growth.
Why it moved
Stagnant revenue keeps investors skeptical of the company's ability to re-rate on software momentum; without top-line acceleration, any security-pivot story remains theoretical and unproven.
Why it matters
BlackBerry trades on the retail squeeze narrative, but the fundamental turnaround thesis — reignition of software and cybersecurity revenue streams — is not materializing, undermining the bull case.
What would break the thesis
A return to revenue growth, especially in software and security segments, or evidence of margin expansion, would validate the re-rating thesis and could reverse the selloff.