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.
On May 18, 2022, BlackBerry Limited (NYSE: BB) announced long-term financial targets during its annual analyst summit. The company aims for a 5-year CAGR of 20% in the IoT sector and 10% in Cybersecurity. Revenue projections include $307 million for IoT in FY25, and $579 million for Cybersecurity. BlackBerry plans to achieve a non-GAAP operating margin of approximately 20% by FY27 while investing 30% of revenue in R&D for FY23. Breakeven on non-GAAP EPS is targeted for FY24, with positive cash flow expected in FY25.
On May 18, 2022, BlackBerry and Magna International announced a multi-year partnership to develop integrated Advanced Driver Assistance Systems (ADAS) solutions. BlackBerry will supply its QNX software, including the QNX OS for Safety and the QNX Platform for ADAS, along with engineering services for integration and validation. This collaboration aims to leverage both companies' strengths to enhance vehicle safety and functionality amid a growing global ADAS market. The partnership highlights BlackBerry's role in securing over 500M endpoints, including 195M vehicles, and aims to speed the delivery of advanced automotive technologies.
BlackBerry Limited (NYSE: BB) announced at the 61st Annual RSSI C&S Exhibition that its QNX® OS for Safety 2.2 will achieve certification to the highest railway functional safety standard, SIL 4 (EN 50128). This certification emphasizes the company's commitment to enhancing safety in the rail industry, which has seen rising demand due to urbanization and the digitalization of transport systems. Recent partnerships include sTraffic in South Korea and Infraestruturas de Portugal. The certification aligns with the increasing need for safety-certified software in the evolving railway market.
BlackBerry Limited (NYSE: BB) has released its inaugural Environmental, Social, and Governance (ESG) report, detailing its strategy and accomplishments in addressing critical global challenges. The report focuses on three key areas: climate change, with the company achieving carbon neutrality; water security, including a new flood risk and clean water monitoring solution; and equality, with a diverse Board of Directors comprising 56% women and minorities. CEO John Chen emphasized the importance of corporate sustainability investments in tackling today's pressing issues.
BlackBerry Limited (NYSE: BB) has partnered with Midis Group to bolster its cybersecurity sales in Eastern Europe, the Middle East, and Africa. Midis Group, with over 5,000 employees and 170 affiliates, will enhance BlackBerry's market presence through local offices focused on unified endpoint management and AI-based cybersecurity solutions. The partnership underscores BlackBerry's commitment to enhancing cybersecurity capabilities amid a rise in cyber threats.
BlackBerry Limited (NYSE: BB) has launched the QNX® Hypervisor 2.2 for Safety, a safety-certified embedded hypervisor enabling the healthcare sector to expedite the delivery of secure medical devices. This product meets IEC 62304 Class C compliance and is certified for ISO 26262 ASIL D and IEC 61508 SIL3 standards. In response to increasing U.S. regulatory scrutiny over medical device security, this release aims to address market pressures and enhance cybersecurity in healthcare devices.
On April 26, 2022, BlackBerry Limited (NYSE: BB; TSX: BB) announced an upcoming investor event scheduled for May 4, 2022, at 3:00 PM ET. This event will feature a live Q&A session for retail investors, hosted by key executives including John Giamatteo and Mattias Eriksson. Participants can submit questions during the event or in advance via email. Registration for the event is available online, and a replay will be accessible on the BlackBerry investor relations website. The company emphasizes its commitment to enterprise security solutions.
BlackBerry Limited (NYSE: BB) reported a strong fiscal 2022, with total revenue reaching $718 million. The fourth quarter saw significant contributions from IoT and Cybersecurity, generating $185 million in revenue. IoT revenue hit $52 million, showing an 11% year-over-year increase, while Cybersecurity contributed $122 million. The company achieved positive operating cash flow of $10 million and a net profit. Notably, BlackBerry's QNX business set a record for design-related revenue.
Non-GAAP basic earnings per share were $0.01 for Q4, while GAAP EPS was $0.25. Looking ahead, the company anticipates continued momentum in billings.
BlackBerry Limited (NYSE: BB; TSX: BB) announced the deployment of its AtHoc critical event management platform in partnership with TELUS across all 13 municipalities and regional police in Niagara. This initiative aims to enhance communication and response capabilities during crises, benefiting nearly 500,000 residents. BlackBerry AtHoc is recognized for its security and effectiveness in real-time safety decision-making. The collaboration emphasizes modernization of emergency management systems, providing a secure mass communications solution to improve community safety.
BlackBerry Limited (NYSE: BB) announced an expansion of its collaboration with Marelli, a global automotive supplier, on March 21, 2022. The companies will integrate BlackBerry's QNX® Neutrino® RTOS and QNX® Hypervisor into Marelli's Cockpit Domain Controller, enhancing infotainment and digital cluster systems in vehicles. This partnership aims to provide innovative Digital Cockpit solutions for leading OEMs, reduce development costs, and ensure high safety standards. The collaboration began in 2016 and marks a commitment to advancing secure mobility technologies in China.
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