Canaccord analyst T. Michael Walkley noted Blackberry announced its largest acquisition yet with its purchase of Cylance. The company said it will be accretive within a year and reiterated its 2019 guidance. The analyst believes the acquisition accelerates the company's strategy of leading secure endpoint enterprise-of-things communications, benefits multiple areas of the business, and drives potential synergies given the complementary customer bases. Walkley is maintaining his Hold rating and $11 price target on Blackberry as he awaits more color on the pro-forma financial impact of the deal.