The company reported fiscal first-quarter 2027 results that beat Wall Street expectations, initially sending shares up nearly 20% to close at $10.32 on June 25. The stock extended those gains in subsequent sessions as several analysts raised their price forecasts.Financial Performance Exceeds EstimatesBlackBerry reported first-quarter revenue of $152.9 million, marking a 26% year-over-year increase. This total beat the consensus estimate of $138.19 million. Adjusted EPS came in at 4 cents versus the Street estimate of 3 cents, and adjusted EBITDA reached $36.3 million.Core Business Segments Segment GrowthThe QNX division led the quarterly upside, with revenue rising 26% year-over-year to $72.3 million. During the earnings call, management reported that development license revenue reached its highest level in eight quarters. The Secure Communications business also sustained steady momentum, driven by government demand for cybersecurity modernization and digital sovereignty.Critical Support and Resistance Levels for BB StockFrom a trend perspective, BB is still in a strong longer-term uptrend: it’s trading 14% above the 20-day SMA ($9.90) and 125.1% above the 200-day SMA ($5.01), which tells you the bigger move over recent months remains higher despite today’s pullback. The golden cross in May (50-day SMA moving above the 200-day SMA) also supports the idea that the primary trend has been bullish.