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Why BlackBerry Limited Stock Popped 20.6% in September

TheMotleyFool

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Why BlackBerry Limited Stock Popped 20.6% in SeptemberPhoto, wide shot, wide-angle lens, Mobile phone network, sunset photo at golden hour, photo by Thomas Heaton: https://img.theapi.app/temp/828b91fb-678a-4621-906b-21e972059e7d.png

Why BlackBerry Limited Stock Popped 20.6% in September

Security software and services specialist BlackBerry (NASDAQ: BBRY) saw its stock climb 20.6% in September, according to data provided by S&P Global Market Intelligence. The rise is likely almost entirely due to the company's better-than-expected results for its fiscal 2018 second quarter.

On Sept. 28, the company reported a surprising adjusted profit of $0.05 on total revenue of $249 million. But the bigger news was the company's record software and services revenue.

Image source: Getty Images.

Source: Fool.com