13 Best Technology Penny Stocks to Buy Right Now

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8. BlackBerry Ltd. (NYSE:BB)

Share Price as of March 28: $3.96

Number of Hedge Fund Holders: 23

BlackBerry Ltd. (NYSE:BB) provides intelligent security software and services to global enterprises and governments. It operates through its Cybersecurity, IoT, and Licensing & Other segments. Its products range from integrated endpoint security solutions to cyber security consulting services. It’s also involved in the patent licensing and legacy service access fees business.

The company’s IoT division performed strongly in FQ3 2025 and exceeded the upper end of management’s guidance range by making a total of $62 million in quarterly revenue. This was a 13% increase year-over-year, which was driven by royalties and development seat licenses. The automotive sector, especially digital cockpit and ADAS applications, contributed significantly to this growth. BlackBerry Ltd. (NYSE:BB) now expects to generate $230 to $235 million in IoT revenue for FY25.

The growth was also fueled by key design wins in the division. The company secured a major deal with a German luxury automaker for the QNX hypervisor. This is a software layer that allows multiple operating systems to run safely on a single hardware platform. It forms the foundation of a digital cockpit software stack. Additionally, a major Asian auto OEM also chose the QNX operating system for ADAS deployment.

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