Jim Cramer told a Mad Money caller on September 17 that he would buy BlackBerry Limited, saying he was surprised the stock came back down amid broad selling in good stocks. The endorsement came as BlackBerry reported first-quarter fiscal 2027 results with its QNX segment generating $72 million in revenue, a 26% increase from the same period a year earlier, supported by a QNX royalty backlog near $1 billion. The company trades at a forward price-to-earnings ratio of approximately 44.84x with a market capitalization of $4.7 billion. According to Insider Monkey data tracking over 1,000 hedge funds, 31 hedge funds held positions in the company during the second quarter, up from 19 in the prior quarter, while short interest stands at 6.19% of the public float. BlackBerry still faces competitive pressure as automakers and tech giants explore open-source alternatives or proprietary Linux builds, and the multi-year lag between design wins and production royalties leaves near-term earnings exposed to vehicle production delays.
BlackBerry LtdJim Cramer endorsed buying BlackBerry and QNX revenue jumped 26% to $72M with a near-$1B royalty backlog.
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