BlackBerry's FY25 Revenue Guidance May Fall Short Of Expectations - Analyst Flags Weakness In Cybersecurity Unit
BlackBerry's FY25 Revenue Guidance May Fall Short Of Expectations - Analyst Flags Weakness In Cybersecurity Unit
RBC Capital Markets analyst Paul Treiber reiterated the Sector Perform rating on BlackBerry Limited (NYSE:BB) with a price forecast of $3.
加拿大皇家银行资本市场分析师保罗·特雷伯重申了黑莓有限公司（纽约证券交易所代码：BB）的行业表现评级，预测价格为3美元。
BlackBerry will report the fourth-quarter results on April 3 after market close.
黑莓将在收盘后于4月3日公布第四季度业绩。
Treiber foresees BlackBerry to report fourth quarter revenue down 12% quarter over quarter, in line with guidance.
Treiber预计，黑莓将公布第四季度收入同比下降12％，符合预期。
In light of cost reductions, BlackBerry may guide to breakeven FY25 adjusted EPS, above consensus, the analyst writes.
分析师写道，鉴于成本降低，黑莓可能会指导25财年调整后的每股收益实现盈亏平衡，高于共识。
However, the FY25 revenue guidance may fall short of expectations, given ongoing headwinds in its Cybersecurity segment and delayed EV transitions and next-gen vehicle rollouts weighing on IoT growth, Treiber notes.
但是，Treiber指出，鉴于网络安全领域的持续阻力以及电动汽车过渡和下一代汽车的推出延迟打压了物联网的增长，25财年的收入指引可能低于预期。
The analyst forecasts -$15 million adjusted EBITDA (consensus at -$13 million). Treiber sees $(0.04) adjusted EPS.
分析师预测调整后的息税折旧摊销前利润为-1500万美元（共识为-1300万美元）。Treiber预计调整后的每股收益为0.04美元。
However, an upside could be possible on lower opex following the recent restructuring.
但是，在最近的重组之后，较低的运营支出可能会出现上行空间。
The analyst forecasts IoT revenue to be up 16% quarter on quarter to a quarterly record $64 million in the fourth quarter.
该分析师预测，第四季度物联网收入将同比增长16％，达到创纪录的6400万美元。
However, the analyst sees cybersecurity revenue down 25% quarter on quarter to $85 million in the fourth quarter (down 3% year over year), given the sustained challenges shown by soft KPIs last quarter.
但是，该分析师预计，鉴于上个季度疲软的关键绩效指标显示出持续的挑战，网络安全收入同比下降25％，至第四季度的8500万美元（同比下降3％）。
In addition to reduced EV production at domestic automakers, Chinese EV manufacturers have also reduced EV production.
除了减少国内汽车制造商的电动汽车产量外，中国电动汽车制造商还减少了电动汽车的产量。
While BlackBerry has nominal revenue from China, the cuts are another sign of the near-term headwinds facing the development of EVs and next-generation vehicle platforms, the analyst flags.
分析师表示，尽管黑莓的名义收入来自中国，但削减是电动汽车和下一代汽车平台开发面临短期阻力的又一迹象。
Price Action: BB shares are trading higher by 1.41% to $2.790 on the last check Thursday.
价格走势：在周四的最后一次支票中，BB股价上涨1.41％，至2.790美元。