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 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.
BlackBerry has partnered with ISC2 to offer globally recognized cybersecurity training and certifications at Malaysia's Cybersecurity Center of Excellence (CCoE). The partnership expands the center's curriculum with courses including Certified Information Systems Security Professional (CISSP), Certified Cloud Security Professional (CCSP), and Certified in Cybersecurity (CC). Since opening in March 2024, the CCoE has trained over 1,500 professionals with 8,000+ training hours. The first ISC2 certification courses will begin in October 2024, with CISSP and CCSP programs starting in November 2024.
BlackBerry (NYSE:BB)(TSX:BB) held its 2024 Investor Day, providing insights into the company's future plans and financial performance. Key highlights include:
- Profitability details for IoT and Cybersecurity divisions, including Cylance
- Revenue and profitability forecasts for fiscal 2026 and 2027
- Capital allocation priorities and strategic direction
CEO John J. Giamatteo emphasized the company's progress since December, focusing on market opportunities and financial transformation. CFO Tim Foote highlighted the establishment of autonomous divisions and cost streamlining, aiming for greater financial transparency. The event, held at the New York Stock Exchange, was webcast live and a replay will be available on the BlackBerry website.
BlackBerry announced that QNX software is now embedded in over 255 million vehicles worldwide, according to TechInsights. This represents a year-over-year increase of 20 million and an 80 million increase since 2020. QNX is trusted by leading OEMs and Tier 1s for its safety and security-certified software, supporting various automotive systems from digital cockpits to ADAS.
QNX software is accredited to ISO 21434 for automotive cybersecurity and ISO 26262 for functional safety. The technology's presence in over 255 million vehicles demonstrates automakers' confidence in QNX for next-generation innovation. BlackBerry QNX recently launched new products including QNX Software Development Platform 8.0, QNX Sound, and the QNX Everywhere initiative to create a more open development environment.
BlackBerry (NYSE:BB)(TSX:BB) has released new research highlighting the challenges faced by software engineers and developers in balancing rapid innovation with safety and security. The survey of 1,000 embedded software developers worldwide revealed:
- 75% of respondents admit that urgency often compromises functional safety requirements
- 74% of developers are considering switching operating systems due to challenges
- 61% of those required to meet international safety standards find it extremely or very challenging with their current OS
- Open-Source operating systems are preferred by 44% of developers but often lack necessary safety certifications
- 31% of respondents admitted their OS lacked or only partially covered necessary safety certifications
- 72% reported project delays due to security vulnerabilities in their OS
The research emphasizes the need for pre-certified, secure-by-design solutions to allow developers to focus on innovation while maintaining robust, secure systems.
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