BlackBerry Stock Drops Amid Cybersecurity and IoT Challenges

BlackBerry Stock Drops Amid Cybersecurity and IoT Challenges

The article from MarketWatch reports that BlackBerry Ltd. shares declined by 7.1% to 3.21 Canadian dollars ($2.38) on September 27, 2024. The drop in stock value is attributed to challenges faced by the company in its cybersecurity segment and delays in its Internet-of-Things (IoT) business. Despite the overall stability of Toronto stocks, BlackBerry’s performance was negatively impacted by these headwinds, leading to a significant decline in its share price.


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