BlackBerry Jumps 7% as Coretura Selects QNX-Based Alloy Kore for Truck Platform; Aptiv Edges Higher, Mobileye Barely Budges
BlackBerry gained after Coretura named Alloy Kore as the foundation for its commercial truck software platform, with no contract value disclosed.
- On Tuesday, BlackBerry Ltd.'s QNX division and Vector announced that Coretura, a joint venture between Daimler Truck and Volvo Group, selected Alloy Kore as the foundation for its commercial software-defined vehicle platform.
- Alloy Kore pairs a safety-certified real-time operating system with common automotive services, a role it was specifically designed for. QNX President John Wall called the selection a "significant step" for software-defined commercial vehicles.
- BlackBerry stock rose 7% to $9.13 in Tuesday trading, pushing year-to-date gains to 141%. The announcement disclosed no contract value, revenue split, or timeline for revenue recognition.
- Investors are weighing the announcement against BlackBerry's upcoming earnings report on Thursday, September 24. RBC Capital maintains a Sector Perform rating and $9 price target ahead of the release.
- Market analysts are watching whether BlackBerry sustains its gains before Thursday's report, as a fade could signal investor hesitation regarding the lack of financial details attached to the deal.
13 Articles
13 Articles
The Toronto Star
BlackBerry signs Alloy Kore software deal with Daimler-Volvo joint venture Coretura
TORONTO - BlackBerry Ltd.'s QNX division and software partner Vector have signed a deal with Coretura that will see the joint venture founded by Daimler Truck and Volvo Group use
24/7 Wall St.
BizTocBlackBerry Jumps 7% as Coretura Selects QNX-Based Alloy Kore for Truck Platform; Aptiv Edges Higher, Mobileye Barely Budges
BlackBerry Limited (NYSE:BB) is the loudest name in early Tuesday trading, gapping higher after Vector and QNX, a division of BlackBerry, announced that Coretura selected Alloy Kore as the safety-certified foundation inside its software-defined vehicle (SDV) platform for commercial vehicles. That converts a multi-quarter platform pitch into a named customer program days before BlackBerry’s next […]
BlackBerry (BB) Stock Surges 7% on QNX Design Win and Cramer Buy Call
TLDR BlackBerry stock surged around 7% in pre-market trading after QNX’s Alloy Kore platform landed its first commercial design win with Coretura, a software-defined vehicle platform company backed by Daimler Truck and Volvo Group. Jim Cramer issued a buy call on BlackBerry, citing its pivot into...
Coverage Details
Bias Distribution
- 78% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
