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 Limited (NYSE: BB) released its Quarterly Global Threat Intelligence Report on April 25, 2023, highlighting a surge in cyberattacks targeting key industries, particularly financial institutions, healthcare providers, and food retailers, which represent 60% of all attacks. The company's Threat Research team thwarted over 1.5 million cyber threats from December 2022 to February 2023, with a notable rise in unique malware samples detected. The report indicates that geopolitical tensions are exacerbating cybersecurity risks, with Russia's actions contributing significantly to the threat landscape. Additionally, the report outlines the increasing use of AI in both cyberattacks and defenses, emphasizing the need for enhanced cybersecurity measures across various sectors.
BlackBerry Limited (NYSE: BB; TSX: BB) unveiled a revamped AI-based Cylance® cybersecurity portfolio, aimed at providing enhanced security assurances to organizations with reduced operational complexity. Key updates include a 90% reduction in alert fatigue, faster incident response, and improved support for zero trust network access (ZTNA). The upgraded offerings include:
- CylanceENDPOINT™ - Enhanced endpoint security with a simplified investigation and response workflow.
- CylanceGUARD® - New internal communication capabilities during cyber incidents.
- CylanceEDGE™ - Secure and efficient access to SaaS applications.
- CylanceINTELLIGENCE™ - Accessible threat intelligence for proactive defense.
- BlackBerry® UEM - Improved eSIM management to mitigate risks.
This comprehensive portfolio aims to bolster cybersecurity for organizations of all sizes amid increasing cyber threats.
BlackBerry Limited (NYSE: BB) held a press conference at Hannover Messe in Germany on April 19, 2023, presenting findings from its Manufacturing Cybersecurity Study. The survey of 1,500 IT decision-makers highlighted significant concerns around cybersecurity threats, with 86% reporting reliance on outdated legacy systems. Key insights include that 75% are worried about nation-state attacks, while 68% find their operational technology (OT) infrastructure hard to defend. The company emphasizes the growing threat landscape, particularly from ransomware and phishing attacks, and the necessity for modernization in the sector. The average cost of a data breach in industrial settings is revealed to be significantly higher than many manufacturers anticipate, estimated at over $4.24 million, compared to their own expectations of $250,000.
On April 17, 2023, BlackBerry announced a significant report from McKinsey highlighting the convergence of cybersecurity and the Internet of Things (IoT) as critical for unlocking a total addressable market (TAM) of up to $750 billion by 2030. This estimation represents a 50% increase over current forecasts. The report emphasizes that digital trust is a key factor in purchase decisions for 61% of IoT buyers. BlackBerry is positioned uniquely to capitalize on this convergence, leveraging its expertise in securing interconnected IoT ecosystems. John Chen, Executive Chairman & CEO, noted that their strategy aligns with these market insights, reinforcing their leadership in cybersecurity and IoT. The report and BlackBerry’s role were independently validated, highlighting the company’s commitment to delivering secure connectivity solutions.
BlackBerry Limited (NYSE: BB) announced the integration of CylanceGUARD and BlackBerry AtHoc for enhanced cybersecurity response. This solution ensures secure communication during cyber incidents, even when traditional channels fail. Organizations subscribing to CylanceGUARD can now leverage AtHoc's multi-channel capabilities for rapid incident response and stakeholder communication. Over 75% of U.S. federal employees already use BlackBerry AtHoc for crisis management. Starting May 2023, existing customers can upgrade to this integrated solution. BlackBerry aims to provide a comprehensive, AI-driven approach to cybersecurity, securing over 500 million endpoints globally.
BlackBerry Limited (NYSE: BB) reported its Q4 fiscal 2023 results, showing a total revenue of $151 million, with IoT revenue at $53 million and Cybersecurity revenue at $88 million. Although the company faced a non-GAAP basic loss per share of $0.02, it surpassed non-GAAP EPS expectations. The QNX royalty backlog reached $640 million, marking significant growth despite ongoing macro challenges. BlackBerry also announced a patent sale with Malikie Innovations for up to $900 million, reflecting strong financial maneuvering. Overall, fiscal 2023 revenues totaled $656 million, with a non-GAAP basic loss per share of $0.18.
On March 23, 2023, BlackBerry (NYSE: BB) and Adobe (Nasdaq: ADBE) announced a partnership to provide a secure mobile forms solution. This solution combines BlackBerry UEM and Adobe Experience Manager Forms, ensuring compliance with stringent security standards for regulated industries. The integration allows users to securely complete and sign documents from mobile devices without a VPN, enhancing productivity and operational efficiency. BlackBerry UEM boasts the highest security certifications in the industry and was recognized by Gartner in the top right quadrant of their 2023 report.
Tech+IP Advisory has announced a significant patent sale transaction with BlackBerry (NYSE:BB), involving nearly 32,000 non-core patents, mainly related to mobile devices, messaging, and wireless networking. The deal, valued at up to $900 million, excludes core patents essential for BlackBerry's operations. Regulatory approvals from Canadian and U.S. authorities are required. The advisory firm highlighted the resilience of this process amidst global economic challenges, including inflation and market instability. Executives believe this transaction is a strategic move to redeploy capital into technology acquisitions and enhance shareholder value.
BlackBerry Limited (NYSE: BB) has entered into an agreement to sell almost all non-core patents and applications to Malikie Innovations Limited for up to $900 million. The deal involves $170 million in cash at closing and up to $30 million within three years, along with annual royalties based on profits generated from the patents. The royalties can reach a capped total of $700 million. The transaction is funded by a major US investment firm and is not subject to financing conditions. BlackBerry terminated its prior agreement with Catapult due to financing issues, opting for Malikie to enhance its focus on core IoT and cybersecurity sectors.
BlackBerry (NYSE: BB) announced preliminary financial results for fiscal year 2023, estimating total revenue at approximately
FAQ
What is the current stock price of BlackBerry (BB)?
What is the market cap of BlackBerry (BB)?
What does BlackBerry Limited specialize in?
How has BlackBerry transitioned from its past focus?
What are some recent achievements of BlackBerry?
How is BlackBerry performing financially?
What new initiatives has BlackBerry launched?
Has BlackBerry received any recent industry recognition?
What partnerships has BlackBerry recently announced?
What is BlackBerry’s vision for the future?
Where is BlackBerry headquartered?
How can I learn more about BlackBerry?
