BlackBerry Limited - BB STOCK NEWS

BlackBerry Limited (NYSE: BB) will announce its first-quarter fiscal year 2023 results on June 23, 2022, at 5:30 p.m. ET. The earnings call can be accessed via phone or live-streamed on the company's investor relations website. A replay will be available later that evening. Additionally, planned earnings announcement dates for the following quarters have been provided, with Q2 on September 27, 2022, Q3 on December 20, 2022, and Q4 on March 30, 2023. The company continues to secure a vast range of endpoints, leveraging AI in cybersecurity solutions.

On June 8, 2022, BlackBerry Limited (NYSE: BB) announced enhancements to its Partner Program aimed at Managed Security Service Providers (MSSPs). This initiative responds to a growing demand for Managed Extended Detection and Response (XDR) services projected to rise from $22.45 billion in 2020 to $77.01 billion by 2030. Key enhancements include expanded product offerings, increased support for partners, new training programs, lucrative marketing incentives, and flexible pricing options, all designed to bolster MSSPs and address escalating cybersecurity threats.

BlackBerry Limited (NYSE: BB) has launched CylanceGATEWAY, a Zero Trust Network Access (ZTNA) solution designed to enhance cybersecurity for remote workforces. Set to be available globally from July 2022, this AI-driven offering strengthens protection against ransomware and advanced threats by employing contextual network and device telemetry. The solution emphasizes continuous authentication for trusted users and devices, addressing the pressing cybersecurity needs highlighted in a recent IDC survey, which identified attack surface management and identity access management as essential use cases.

BlackBerry has partnered with BDStar Intelligent & Connected Vehicle Technology Co. (BICV) to integrate its QNX technology in BICV's new intelligent cockpit for Renault Jiangling's electric vehicle, the Yi. This innovative cockpit features advanced functionalities such as In-Vehicle Infotainment, Advanced Driver Assistance Systems, and augmented reality capabilities. The Yi will be used in mobility services in Europe through Renault Group's Mobilize unit, further expanding BlackBerry's presence in the automotive sector and enhancing user experience with a focus on safety and personalization.

Absolute Software and BlackBerry have partnered to enhance endpoint security for mutual customers, integrating CylancePROTECT with Absolute's Application Persistence capabilities. This collaboration aims to ensure that security applications remain operational, self-healing, and resistant to attacks. The technology, already embedded in over 500 million devices, allows for automatic monitoring and repair without human intervention. BlackBerry's solutions are recognized for their effectiveness in preventing cyber threats, reinforcing the commitment to safeguarding sensitive data.

BlackBerry Limited (NYSE: BB) announced an update regarding the sale of its non-core patent assets to Catapult IP Innovations for $600 million. The transaction's completion is contingent on financing and other conditions. Although BlackBerry remains optimistic, it is no longer exclusive with Catapult and is exploring alternative options due to the prolonged duration of the deal. BlackBerry secures over 500M endpoints, including 195M vehicles, and continues its focus on cybersecurity solutions.

BlackBerry Limited announced the launch of Chrome Enterprise Management integrated with BlackBerry UEM on May 27, 2022. This solution enables enterprises to manage both company-issued and BYO Chrome devices, enhancing productivity and security. The integration expands BlackBerry's Serviceable Available Market (SAM) amidst rising demand for Chrome devices in businesses. BlackBerry UEM, now part of Google's Chrome Enterprise Recommended program, offers IT managers extensive policy controls such as remote wipe and password enforcement. Customer trials are ongoing, with global availability expected in July 2022.

BlackBerry collaborates with NXP Semiconductors to enhance security against quantum computing threats by supporting quantum-resistant secure boot signatures for NXP's S32G vehicle networking processors. This initiative aims to protect critical infrastructure from potential quantum attacks. The integration will utilize the CRYSTALS Dilithium digital signature scheme, ensuring robust protection for long-term assets in industries such as aerospace and telecommunications. BlackBerry’s Certicom technology strengthens the code signing process, addressing significant security concerns and preparing systems for future cryptographic vulnerabilities.

BlackBerry Limited (NYSE: BB), based in Waterloo, Ontario, will conduct its Annual General and Special Meeting (AGM) virtually on June 22, 2022, at 1:00 pm ET. Shareholders wishing to vote must appoint themselves as proxyholders by registering online before 2:00 pm ET on June 20, 2022. BlackBerry, a leader in intelligent security software, secures over 500 million endpoints, including 195 million vehicles. More information about the AGM and how to participate can be found on the BlackBerry Investors website.