BlackBerry stock surged Friday after the company reported an earnings beat in its fiscal third quarter even as it slashed its fiscal-year guidance.

Shares of BlackBerry jumped 17.8%, snapping a two-day losing streak and putting the stock on track for its highest close since May 14, according to Dow Jones Market Data.

The gains came after the software company reported a third-quarter adjusted profit of 2 cents a share, beating analysts’ calls for an adjusted loss of 1 cent. Quarterly revenue of $143 million was mostly in line with the FactSet consensus estimate of $143.4 million.

BlackBerry reported total revenue of $162 million for the quarter ended Nov. 30, including $19 million from its artificial intelligence-powered cybersecurity platform, Cylance.

However, the company cut its fiscal-year outlook ahead of the sale of Cylance to Arctic Wolf, a Minnesota-based cybersecurity company.

BlackBerry now expects total revenue in the range of $517 to $526 million, down from $591 to $616 million.

CEO John Giamatteo praised the company’s “stronger than expected profitability” and “return to positive cash flow ahead of schedule” in a news release.

“The announcement of a definitive agreement for the sale of Cylance to Arctic Wolf is a further transformational step for the Company, placing BlackBerry on a path to accelerating profitability post-close,” Giamatteo continued.

The $160 million deal is expected to close in BlackBerry’s fourth fiscal quarter, roughly six years after BlackBerry’s acquisition of Cylance for $1.4 billion.