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) reported strong fiscal Q2 2023 results with a total revenue of $168 million. The IoT business achieved $51 million in revenue, marking a 28% year-over-year growth, while the Cybersecurity unit generated $111 million, experiencing an 8% decline from the previous year. Non-GAAP basic loss per share was $0.05. Strategic highlights included significant design wins with Volkswagen for QNX and expansion in the Cybersecurity billings, which increased 15% sequentially. The outlook remains optimistic for continued growth in Cybersecurity.
MotorTrend and BlackBerry have announced the launch of the Software-Defined Vehicle Innovator Awards to honor pioneers in the automotive industry's transformation from hardware to software. As software's role in cars grows, it is expected to comprise 50% of total vehicle costs by 2030, up from 30% today. The awards aim to recognize innovators in three categories: Pioneer, Leader, and Domain Expert. Nominations are open until October 31, 2022, with winners announced on January 5, 2023, during CES in Las Vegas.
BlackBerry Limited (NYSE: BB) will announce its second quarter fiscal year 2023 results on September 27, 2022, at 5:30 p.m. ET. Investors can join the conference call by dialing +1 (877) 400-4403 or by streaming it live on the company's website. A replay will be available later that day. The company also provided tentative dates for upcoming earnings announcements for the rest of the fiscal year, with Q3 earnings expected on December 20, 2022, and Q4 on March 30, 2023. BlackBerry continues to secure over 500 million endpoints globally.
A recent survey conducted by BlackBerry (NYSE: BB) reveals that 68% of European homeworkers prioritize price, usability, and ease of setup over security when purchasing smart devices. Only 32% consider security a top factor, leading to significant cybersecurity risks, especially as 75% of businesses fail to secure home internet connections. This negligence increases vulnerability to cyberattacks, with BlackBerry noting an alarming rate of upwards of 11 attacks per device daily. The findings underscore the urgent need for improved cybersecurity measures in light of evolving hybrid work environments.
BlackBerry Limited (NYSE: BB) announced the opening of registration for its 9th annual Security Summit on October 26, 2022, at the New York Stock Exchange. The hybrid event will feature live sessions, fireside chats, and OnDemand offerings focusing on cybersecurity innovations, endpoint management, and the evolving threat landscape. CEO John Chen will deliver the keynote, emphasizing BlackBerry's commitment to security. The summit aims to equip attendees with insights from industry experts to enhance their cybersecurity strategies.
BlackBerry Limited and Corvus Insurance released a study revealing that 81% of businesses have ransomware coverage limits below $600,000, lower than the previous year's median demand. The survey indicated that 59% of respondents expect government support for ransomware damages. Small-to-medium sized businesses (SMBs) are notably underinsured, with only 14% having coverage above $600,000. The report emphasizes the need for a stronger cybersecurity posture and adherence to software requirements to mitigate ransom payouts.
BlackBerry Limited (NYSE: BB; TSX: BB) announced its participation in key investor conferences in August 2022. Highlights include the Oppenheimer 25th Annual Technology, Internet & Communications Conference on August 10, featuring John Giamatteo, President of BlackBerry's Cybersecurity unit, and the Canaccord Genuity 42nd Annual Growth Conference on August 11, featuring a fireside chat with Giamatteo and Tim Foote, VP of Investor Relations. For more details, visit BlackBerry.com/Investors.
BlackBerry Limited (NYSE: BB) announced that its QNX Software Development Platform 7.1 has achieved conformance with the Future Airborne Capability Environment (FACE) technical standard. This certification enables developers to quickly deploy secure software solutions for defense vehicles, reducing procurement costs and preventing supplier lock-in. For 40 years, BlackBerry QNX has supported aerospace and defense firms in building mission-critical systems. The accreditation allows manufacturers to simplify development processes and accelerate time to market, enhancing their competitive advantage.
BlackBerry Limited (NYSE: BB) announced a partnership with HOZON New Energy Automobile Co., Ltd. to integrate BlackBerry QNX technology into the NETA AUTO's upcoming electric sports sedan, the NETA S. This collaboration will enhance the vehicle's functional safety, cybersecurity, and reliability. The NETA S will feature an advanced digital cockpit powered by BlackBerry QNX Neutrino RTOS and QNX Hypervisor, promoting intelligent driving experiences. The sedan aims to deliver increased levels of safety, comfort, and connectivity, showcasing BlackBerry's role in the evolving automotive sector.
BlackBerry Limited (NYSE: BB) and LeapXpert announced a collaboration to integrate LeapXpert's platform with BlackBerry Dynamics, enhancing secure communication through popular messaging apps like iMessage and WhatsApp. This integration aims to support regulated industries, providing encrypted interactions and secure data storage while ensuring compliance. With the rise of remote work, the partnership addresses the need for secure communication channels in business, leveraging LeapXpert’s API technology for a streamlined user experience.
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