Welcome to our dedicated page for BlackBerry news (Ticker: BB), a resource for investors and traders seeking the latest updates and insights on BlackBerry stock.
BlackBerry Limited (NYSE: BB; TSX: BB) is a leading provider of intelligent security software and services for enterprises and governments globally. Headquartered in Waterloo, Ontario, BlackBerry specializes in cybersecurity, safety, data privacy, endpoint management, and embedded systems. The company's solutions power over 235 million vehicles worldwide, leveraging AI and machine learning to offer innovative and secure technology across various industries.
Once the world's largest smartphone manufacturer, BlackBerry has transitioned into a software company focused on securing the 'Enterprise of Things'. Its core business revolves around providing secure communication and endpoint management solutions, particularly in regulated industries like automotive, medical, and government sectors. The company's flagship enterprise security platform, BlackBerry Secure, integrates endpoint management, encryption, and embedded systems to ensure comprehensive security for organizations.
Recent achievements of BlackBerry include strategic partnerships and new product launches. The company has entered into a three-year agreement with Max-Atlas to integrate BlackBerry Radar® asset tracking technologies into intermodal container chassis, significantly enhancing supply chain logistics. Additionally, BlackBerry has expanded its collaboration with TTTech Auto to integrate the QNX® Operating System with advanced scheduling solutions, addressing the complexities of software-defined vehicles (SDVs).
BlackBerry's financial condition remains robust, with a notable increase in revenue for both its IoT and Cybersecurity divisions. The company reported a record revenue quarter for its IoT division and a stabilized annual recurring revenue (ARR) for its Cybersecurity division. BlackBerry also announced a joint cybersecurity leadership program in Malaysia, aimed at addressing the gender gap in the cyber industry and bolstering the region's cybersecurity capacity.
As part of its ongoing innovation, BlackBerry introduced Cylance Assistant, a generative AI cybersecurity advisor, and CylanceMDR™, a managed detection and response solution. These offerings highlight BlackBerry's commitment to leveraging AI for enhanced threat detection and security operations. The company also continues to receive industry recognition, such as the 2024 Gartner Peer Insights ‘Voice of the Customer’ designation for Unified Endpoint Management (UEM) tools.
For more detailed information and latest updates, visit BlackBerry's official website.
BlackBerry (BB) reported strong Q3 FY2025 results, beating revenue guidance for both Cybersecurity and IoT divisions. Total revenue reached $162 million with a 74% gross margin. IoT revenue grew 13% sequentially to $62 million, while Cybersecurity revenue increased 7% to $93 million.
The company achieved positive operating and free cash flow ahead of schedule, with total cash and investments at $266 million. Notable highlights include a definitive agreement to sell Cylance to Arctic Wolf and QNX technology now powering over 255 million vehicles. BlackBerry provided Q4 guidance of $126-135 million in revenue and raised the bottom end of full-year IoT guidance.
BlackBerry (NYSE:BB) has agreed to sell its Cylance endpoint security assets to Arctic Wolf for $160 million in cash and approximately 5.5 million Arctic Wolf common shares. The deal structure includes $80 million cash at closing, with an additional $40 million to be paid one year later. The transaction is expected to close in BlackBerry's fourth fiscal quarter.
Cylance, known for AI-based endpoint protection, will be integrated into Arctic Wolf's Security Operations Aurora Platform. The acquisition aims to enhance Arctic Wolf's market position by combining Cylance's endpoint security capabilities with their existing platform, offering comprehensive security coverage from endpoint to edge.
BlackBerry's Secure Communications portfolio, including UEM, AtHoc, and SecuSUITE, will remain unaffected by this transaction. BlackBerry will continue as a reseller of the portfolio to government customers and maintain a stake as a shareholder in Arctic Wolf.
BlackBerry and TTTech Auto have announced a new solution called MotionWise Schedule for QNX Software Development Platform (SDP) 8.0, designed to address complexities in automotive software development for Software Defined Vehicles (SDVs). The solution provides high-performance runtime environment with deterministic task scheduling, optimizing resource utilization and reducing design efforts.
The new offering simplifies complex integration tasks by automating scheduling solutions, allowing incremental software additions without compromising quality. It delivers improved OS task switching and increased CPU resource availability compared to other scheduling policies. The solution will be available in early 2025 and will be demonstrated at CES 2025 in Las Vegas.
BlackBerry has announced it will release its third quarter fiscal year 2025 financial results on December 19, 2024 at 5:30 p.m. ET. The company will host a conference call and webcast accessible through their investor webpage or by phone. A replay will be available at approximately 8:30 p.m. ET the same day.
The company also provided their planned earnings announcement date for Q4 FY2025, scheduled for April 2, 2025, covering the period from December 1, 2024, to February 28, 2025. This date is tentative and will be confirmed approximately two weeks before the actual announcement.
BlackBerry AtHoc has reached the 'In Process' stage for FedRAMP High Authorization status, positioning it to become the first critical event management solution to achieve this designation. Currently used by over 75% of U.S. federal government agencies, AtHoc provides crisis communications and incident response capabilities. The FedRAMP High authorization is designed for securing the government's most sensitive unclassified data in cloud environments. The system has introduced new features including Dynamic Operational Management and Enhanced Geofencing. Existing customers using AtHoc with FedRAMP Moderate will have the option to upgrade once final authorization is achieved.
BlackBerry has integrated Avathon's computer vision AI platform into its AtHoc critical event management solution. The integration enhances AtHoc's ability to securely collect, validate and share information across channels for coordinated emergency response. AtHoc, which operates independently from enterprise IT networks, now leverages Avathon's visual AI technology to provide real-time insights from CCTV cameras, enabling object detection, scene classification, and proactive decision-making capabilities.
The partnership aims to strengthen AtHoc's position as a comprehensive crisis management platform by providing users with enhanced real-time data analysis and incident response capabilities.
BlackBerry welcomes the Government of Canada's $3.9M CAD investment in Malaysia's Cybersecurity Center of Excellence (CCoE). In partnership with Toronto Metropolitan University's Rogers Cybersecure Catalyst, the initiative aims to train 3,500 cyber-defenders from Malaysia and ASEAN countries. The program includes comprehensive cybersecurity curriculum development, dedicated programs for women, and globally-recognized industry certifications. The CCoE, opened in March 2024, represents a collaboration between BlackBerry and the Malaysian Government to enhance regional cyber resilience and establish Malaysia as a hub for cybersecurity excellence in Southeast Asia.
BlackBerry announced that Hyundai Mobis, a Hyundai Motor Group subsidiary, has selected BlackBerry QNX to power its next-generation digital cockpit platform. The platform will utilize QNX Hypervisor for Safety and QNX Advanced Virtualization Frameworks (QAVF) to provide a secure software foundation. ISO 26262 - ASIL D certified, the platform enables multiple systems with different operating environments to run on a single hardware platform, reducing development time and costs. The digital cockpit platform is expected to be commercialized by multiple global automakers, integrating multiple screens including digital cluster and infotainment systems.
BlackBerry (NYSE:BB)(TSX:BB) has announced its participation in two upcoming investor conferences. The company will present at the 2024 RBC Capital Markets Global TIMT Conference on Tuesday, November 19, 2024, at 3:20pm ET, and the 2024 TD Securities Technology Conference on Tuesday, November 26, 2024, at 1:15pm ET. A live stream will be available for the RBC conference, and replays of both events will be accessible on BlackBerry's investor website.
BlackBerry QNX and Intel have expanded their collaboration to launch a safety-certified platform for industrial automation and robotics. The platform is certified to IEC 61508 SIL 3 standards, enabling manufacturers to develop safe and secure systems for Industry 5.0 environments where humans and machines work together. The QNX OS-based solution aims to simplify the development process and reduce costs associated with safety certification and hardware redundancies in industrial applications. This collaboration addresses the growing need for functional safety in human-machine collaborative environments.
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