Why BlackBerry Stock Popped Friday

Shares of BlackBerry (NYSE: BB) jumped on Friday, rising 10.3% by 12:40 p.m. EST.

The stock's gain followed the enterprise security software and services company's fiscal third-quarter update. The Street's optimistic response to the report likely reflects BlackBerry's acceleration in non-GAAP (adjusted) revenue growth and its better-than-expected bottom line. In addition, investors are likely pleased with management's upbeat outlook for full-year profitability.

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Source Fool.com