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 (NYSE:BB, TSX:BB) has released its Global Threat Intelligence Report for Q3 2024, revealing 600,000 attacks against critical infrastructure, with 45% targeting the financial sector, and 430,000 attacks against commercial enterprises. The report, developed in partnership with the Royal Canadian Mounted Police's National Cyber Crime Coordination Centre (NC3), highlights emerging threats including Lynx ransomware and the Coyote banking trojan.
North America and Latin America emerged as the most targeted regions globally, followed by APAC and EMEA. The report also addresses growing concerns about deepfake threats and AI-based scams, which have prompted new regulatory frameworks including the U.S. No AI Fraud Act. Additionally, the analysis revealed cybercrime's role in human trafficking in Southeast Asia and North Korean operatives using deepfake technology to infiltrate Western IT companies.
MotorTrend Group, a Warner Bros. Discovery company, announced the winners of the third annual Software-Defined Vehicle (SDV) Innovator Awards at CES 2025 in Las Vegas. The awards, presented in partnership with BlackBerry's QNX division, recognize innovators transforming the automotive industry from hardware to software focus.
Winners were selected across three categories: Pioneer, Leader, and Expert, from nominees representing 23 automakers and suppliers. Pioneer winners included innovators from Amazon Web Services, Eureka Labs, TTTech Auto, JIDU Auto, and XPENG Motors. Leader awards recognized executives from companies including Volvo Cars, Rivian, Ford Motor Company, Valeo, NIO, and LG Electronics. Expert awards celebrated technical achievements from professionals at Amazon Web Services, Tesla, Rivian, and Marelli.
BlackBerry (NYSE:BB)(TSX:BB) has announced its upcoming participation in the 27th Annual Needham Growth Conference. The event will feature a fireside chat on Tuesday, January 14, 2024, at 3:45 pm ET, with CEO John Giamatteo and CFO Tim Foote representing the company.
The session will be available via live stream, and interested parties can register through the provided link. For those unable to attend, a replay will be accessible on BlackBerry's investor relations website at BlackBerry.com/Investors.
QNX, a BlackBerry division, has launched QNX Cabin, a groundbreaking cloud-based framework for developing digital cockpits in vehicles. This innovative solution enables OEMs to virtualize cockpit development in the cloud, allowing teams to design, test, and refine code before implementing it on production hardware.
The platform addresses the challenges of developing mixed-criticality environments, combining safety-critical features with consumer applications through virtualization and VirtIO interface. A major APAC-based OEM has already adopted the solution to enhance development efficiency.
QNX Cabin is hardware-agnostic and supports various input methods, including touch, voice, and gesture controls. The platform will be demonstrated at CES 2025 with integrations from partners like Seeing Machines for Driver Monitoring Systems and dSPACE for software-in-the-loop testing.
BlackBerry's QNX division has announced a major expansion of its QNX Everywhere initiative, making its foundational software freely available for non-commercial use. The program provides free access to the QNX Software Development Platform (SDP) 8.0, along with complimentary resources and training.
The initiative aims to address the growing demand for skilled software engineers in industries like automotive, industrial, robotics, and medical. Key features include:
- Perpetual development licenses for non-commercial use
- Raspberry Pi 4 prebuilt quick start target image
- Access to open-source ports and optimized source code
- Engineering-led tutorial content
QNX has also established partnerships with universities across Canada, the U.S., South Korea, Europe, and India, implementing a 'one-to-many' model for academic institutions. The company has added developer relations specialists to engage with communities on GitLab, GitHub, Reddit, and Stack Overflow.
BlackBerry's QNX division has announced a strategic collaboration with Microsoft to enhance Software-Defined Vehicle (SDV) development. The partnership will make QNX Software Development Platform (SDP) 8.0 available on Microsoft Azure, providing developers with a cloud environment for creating and testing automotive and IoT applications.
The collaboration aims to extend to include QNX Hypervisor and the new QNX Cabin, a reference architecture for cloud-based digital cockpit development. The partnership focuses on implementing Azure AI early in development cycles to accelerate timelines and minimize risks.
QNX will showcase the platform's capabilities at CES 2025 (January 7-11) at the Las Vegas Convention Center, demonstrating how developers can leverage Azure for early testing and validation of software virtually.
QNX, Vector, and TTTech Auto have announced a multi-year global collaboration to develop and market a foundational vehicle software platform. The initiative aims to eliminate complex software integration issues that currently plague automakers. The platform will be pre-integrated, lightweight, and certified to the highest automotive functional safety (ISO 26262 ASIL D) and security (ISO 21434) standards.
The collaboration addresses a critical industry challenge where automakers spend significant resources on software platform development and maintenance, dealing with hundreds of software providers and integration complexities. The new platform will allow OEMs to focus on developing consumer-facing applications that build brand differentiation instead of managing underlying software infrastructure.
The core platform will be jointly developed by QNX and Vector, combining their expertise in operating systems and automotive middleware solutions. TTTech Auto will contribute expertise in task scheduling and communication. The platform's general availability will be announced in FY'26.
BlackBerry (NYSE:BB)(TSX:BB) announced the rebranding of its 'BlackBerry IoT' division to 'QNX', strengthening its position in automotive and embedded industries. The strategic relaunch aims to boost recognition and reinforce leadership in Software-Defined Vehicles and mission-critical systems.
QNX technology is currently integrated into more than 255 million vehicles and various critical embedded systems including medical devices, industrial controls, and robotics. The division recently launched significant products including QNX Software Development Platform (SDP) 8.0, QNX Sound, and QNX Everywhere initiative.
The rebranding includes a new visual identity, logo, website, and tagline - 'It all starts here'. The revitalized QNX brand will debut at CES 2025 (January 7-10) in Las Vegas, where the company will showcase its complete suite of automotive offerings.
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.
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