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.
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.
BlackBerry (NYSE:BB)(TSX:BB) has announced its upcoming Investor Day on Wednesday, October 16, 2024 at 9:30am ET. The event will be held at the New York Stock Exchange and will be accessible to the public via webcast. Interested parties can register through the provided link or the BlackBerry.com/Investors website.
This Investor Day aims to offer investors and analysts an opportunity to engage with BlackBerry executives, gaining insights into the company's vision, future strategies, and progress towards profitability and positive cashflow in their IoT and Cybersecurity divisions. A replay of the webcast will be available after the event, and additional details, including the agenda, can be found on the company's website.
BlackBerry (NYSE:BB, TSX:BB) has announced its upcoming Investor Day scheduled for October 16, 2024 at 9:30 a.m. ET. The event will be hosted at the New York Stock Exchange and will be accessible to the public via webcast. Investors and analysts will have the opportunity to interact with BlackBerry executives and gain insights into the company's vision, future plans, and progress towards profitability.
The event will focus on BlackBerry's IoT and Cybersecurity divisions, highlighting their path to positive cash flow. Interested parties can register for the webcast through the provided link or via the BlackBerry.com/Investors website. A replay of the webcast will be available after the event. For more details, including the agenda, visit the provided link.
MotorTrend Group and BlackBerry (NYSE:BB)(TSX:BB) have announced the third annual Software-Defined Vehicle (SDV) Innovator Awards, celebrating the automotive industry's shift from hardware to software. The awards recognize individuals driving innovation in vehicle design, connectivity, and user experience. Nominations are open for three categories: Pioneer, Leader, and Expert, with submissions closing on October 11, 2024.
Alongside the awards, MotorTrend has produced 'Coding the Car 2.0', a documentary exploring recent advancements in SDVs, including the role of Chinese automakers and industry consolidation. The film also highlights the importance of legacy automakers in the electric vehicle market.
HaleyTek and BlackBerry QNX have launched the Generic Automotive Platform (GAP), a cutting-edge cockpit software platform. GAP offers an Android Automotive development environment, accelerating the creation of advanced infotainment systems. BlackBerry QNX provides the QNX Hypervisor for Safety and QNX Sound platform for GAP, introducing two key technologies: Software Defined Audio (SDA) and VirtIO.
SDA enables superior audio experiences and Bill-of-Material savings, while creating new subscription revenue opportunities. The platform supports over-the-air updates for Android and security, ensuring longevity and safety. VirtIO facilitates hardware-software separation and cloud-first development, reducing integration efforts across the ecosystem.
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