We are investigating BlackBerry Limited (BB) (“BlackBerry” or the “Company”) for potential violations of the federal securities laws.
On September 24, 2019, BlackBerry issued a press release announcing the Company’s financial and operating results for the second quarter of fiscal 2020. BlackBerry reported a net loss for the quarter and revenue that fell short of expectations. In addition, Blackberry cut the top end of its full-year revenue forecast. On this news, BlackBerry’s stock price fell sharply during intraday trading on September 24, 2019.