Investing.com -- BlackBerry Ltd (NYSE:BB) rallied Wednesday after delivering annual profit guidance above analysts' estimates and said it was considering strategic options for its Cylance business.
BlackBerry was up more than 5% in recent trading.
Blackberry (TSX:BB) said its expects fiscal 2026 adjusted earnings before interest, tax, depreciation and amortization, or EBITDA, to be about $50 million to $60 million, well above analysts' expectations of $37.5M.
The current annual revenue guidance was maintained in a range of $591M to $616M and EBITDA forecast of up to $10 million.
As part of a move toward profitability, the company said it was exploring strategic alternatives for its Cylance business, part of its Cybersecurity division.
"The Cylance required high levels of investment to close product gaps and remain competitive," the company said.
Blackberry unveiled revenue and profitability forecasts for its IoT division, forecasting revenue to be in the range of $225M to $235M in fiscal year 2025, compared with $215 million last year.