BlackBerry Ltd. (NYSE:BB) shares climbed 8.53% to $11.20 after the bell on Tuesday.
According to Benzinga Pro data, the stock of the Canadian technology company had closed the day up 6.17% at $10.32 before the after-hours surge.
CNBC’s Jim Cramer weighed in on Tuesday saying BlackBerry has “some really interesting technology in the auto world.”
FedRAMP Certification Fuels the Rally
BlackBerry, once the world’s largest smartphone manufacturer, now operates solely as a software company specializing in secure enterprise communications. It also maintains a significant embedded software business that serves the automotive and industrial sectors.
The company recently completed its 2026 FedRAMP Class D recertification for its AtHoc platform, making it the only Critical Event Management provider to meet that standard. AtHoc is used by 80% of U.S. federal agencies for crisis communications.
Seven Directors Accumulated DSUs Ahead Of The Move
The surge also came after seven BlackBerry directors acquired Deferred Share Units (DSUs) on May 31, according to Securities and Exchange Commission filings dated Monday.
| Director | DSUs Acquired |
|---|---|
| Richard J. Lynch | 10,695 |
| Lisa Disbrow | 9,166 |
| Lisa Bahash | 8,889 |
| Philip Brace | 8,750 |
| Wayne Wouters | 8,750 |
| Lori O’Neill | 8,750 |
| Barry Mainz | 8,541 |
DSUs are non-cash derivative instruments, each economically equivalent to one common share, payable only upon a director’s departure from the board.
No shares were disposed of across any of the seven filings.
Trading Metrics, Technical Analysis
Blackberry has a market capitalization of $6.06 billion.
The after-hours move to $11.20 pushed BB well past its 52-week high of $10.33. The stock’s 52-week low stands at $3.12.
Over the past 12 months, the mid-cap stock has surged 155.45%. It has also gained 84.95% over the past month.
BB is currently positioned very close to its annual high.
According to Benzinga’s Edge Stock Rankings, BB stock scores in the 97th percentile for Momentum and has a Growth score of 97.56. The rankings suggest the stock is exhibiting a strong upward price trend across all measured time frames.
Photo by Michael Vi via Shutterstock
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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