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 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.
LDRA has announced support for BlackBerry QNX Software Development Platform 8.0 (SDP 8.0) in its LDRA tool suite. This integration aims to enhance safety and security for embedded applications in automotive, industrial controls, and robotics. The combined solution offers a qualified tool chain for compliance with functional safety standards like ISO 26262 and IEC 61508 with SIL 3 and SIL 4 compliance.
The integration provides developers with static and dynamic analysis within the QNX Momentics IDE, supports both traditional and DevSecOps development processes, and includes worst case execution timing (WCET) analysis. This collaboration aims to help developers meet industry standards while maintaining performance and quality in increasingly complex software environments.
BlackBerry (NYSE:BB)(TSX:BB) has appointed Lisa Bahash to its Board of Directors, effective September 26, 2024. Ms. Bahash brings over 30 years of experience in the automotive OEM, Tier 1 supplier, and aftermarket sectors. She previously held senior positions at Jabil Inc., Johnson Control, Ride Control, (Gabriel), and Ford Motor Company. Most recently, she served as Principal and Operating Partner at Architect Equity
Ms. Bahash holds a Master of Engineering Management degree from Wayne State University and a Bachelor of Science degree in Mechanical Engineering from the University of Michigan. She is also a board member at Syrah Resources and was recognized as one of Automotive News Top 100 Leading Women in the North American Auto Industry in 2015.
With this appointment, BlackBerry's Board now consists of eight directors, seven of whom are independent, including Ms. Bahash.
BlackBerry (NYSE:BB)(TSX:BB) reported financial results for Q2 FY2025, ending August 31, 2024. The company achieved breakeven adjusted EBITDA and non-GAAP EPS, with GAAP net loss improving by 55% year-on-year to $19 million. Total revenue was $145 million, with IoT revenue growing 12% YoY to $55 million and Cybersecurity revenue growing 10% YoY to $87 million. Operating expenses were 24% lower than the prior year baseline.
BlackBerry raised the bottom end of its full-year guidance range for IoT. For Q3 FY25, the company expects total revenue of $146-$154 million, with IoT revenue of $56-$60 million and Cybersecurity revenue of $86-$90 million. Full fiscal year FY25 guidance projects total revenue of $591-$616 million.
BlackBerry's latest Global Threat Intelligence Report reveals a 53% increase in unique malware samples detected daily, averaging 11,500. The company stopped 3.7 million cyberattacks from April to June 2024, an 18% increase from the previous period. Critical infrastructure remained a prime target, with over 800,000 attacks, 50% focusing on the financial sector.
Key findings include:
- Geopolitical tensions fueling cyberattacks
- Critical infrastructure facing sophisticated threats
- Commercial enterprise attacks up by 58%
- Deepfake technology improving
- Emerging ransomware groups like BlackSuit and Space Bears causing concern
The report predicts continued targeting of private data, especially in healthcare and financial services sectors. BlackBerry has partnered with the Royal Canadian Mounted Police's NC3 to highlight law enforcement insights on cybercrime trends.
BlackBerry (NYSE:BB)(TSX:BB) has enhanced its QNX OS for Safety with the addition of a POSIX-compliant, ISO 26262 certified, integrity checking filesystem. The new QNX Filesystem for Safety (QFS), certified to ISO 26262 ASIL B, verifies the integrity of all filesystem contents at runtime, enabling developers to detect corruption and maintain system safety. This addition provides an extra layer of validation for OEMs and embedded software suppliers building safety-critical systems.
The QFS guards against potential issues in safety-critical functions like collision avoidance or object detection by validating all data and performance parameters. Select OEMs and Tier 1s are already using QFS 1.0 in their development of next-generation automotive technology. It's now available as part of QNX OS for Safety 2.2.3.
BlackBerry (NYSE:BB)(TSX:BB) has announced that it will report its second quarter fiscal year 2025 results on September 26, 2024, at 5:30 p.m. ET. The company will host a conference call and webcast for investors and interested parties to discuss the results. Access to the call is available through a live webcast or by dialing a toll-free number. A replay of the conference call will be made available later that evening.
Additionally, BlackBerry has provided target dates for quarterly earnings announcements for the remainder of fiscal year 2025. The Q3 2025 earnings are planned for December 19, 2024, and Q4 2025 results are scheduled for March 26, 2025. These dates are subject to confirmation approximately two weeks before each announcement.
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?
