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) has announced the addition of 13 channel partners in the Asia Pacific region that will distribute BlackBerry Jarvis® 2.0, a software security tool for embedded systems. This tool aids in identifying cybersecurity vulnerabilities and ensuring compliance with regulations in industries such as transportation and medical equipment. Notably, BlackBerry Jarvis received recognition as a top binary analysis solution by the Aerospace Corporation for the U.S. Department of Defense. The initiative is timely as the region faces increasing IoT security threats.
BlackBerry Limited (NYSE: BB) will announce its fourth quarter and full fiscal year 2022 results on March 31, 2022, at 5:30 p.m. ET. The conference call can be accessed via phone at +1 (855) 761-5600 or streamed live on the company's website. A replay will be available later that evening at 8:30 p.m. ET. Target dates for quarterly earnings announcements for Fiscal Year 2023 are also provided, with planned dates ranging from June 23, 2022, to March 30, 2023.
BlackBerry Limited (NYSE: BB) has partnered with ISAAC Instruments to integrate BlackBerry Radar into ISAAC's Open Platform, enhancing fleet management capabilities for commercial trucking. This integration allows fleet managers to monitor tractor and trailer operations from a single console, improving efficiency and reducing costs. Titanium Transportation Group is the first customer to adopt this solution, enabling better asset utilization and productivity. The integration provides real-time data access on trailer status, optimizing driver hours and improving service delivery.
BlackBerry Limited (NYSE: BB) will participate in the Scotiabank TMT Conference on March 8, 2022, at 12:30pm ET. Presenters include Vito Giallorenzo and Tim Foote, who will discuss the company's technology and strategy. The event will be live-streamed, with registration available on BlackBerry's investor website starting March 7, 2022. BlackBerry provides intelligent security solutions for over 500 million endpoints, including more than 195 million vehicles, utilizing AI for cybersecurity and data privacy.
BlackBerry Limited (NYSE: BB) announced an equity inducement award for John Giamatteo, President of its Cybersecurity unit. The award comprises 800,425 restricted share units (RSUs) as an incentive for joining the company, with varying vesting schedules. Time-based RSUs will vest on three anniversaries starting January 3, 2022, while performance-based RSUs will vest on January 3, 2025, subject to conditions. Termination scenarios affecting RSUs are outlined, ensuring some RSUs vest upon certain events. BlackBerry focuses on intelligent security solutions across various sectors.
BlackBerry Limited (NYSE: BB; TSX: BB) announced that its BlackBerry Protect and Optics products received the maximum AAA rating for the second consecutive year from SE Labs' Enterprise Advanced Security Test. The evaluation highlighted its AI-driven endpoint protection (EPP) and endpoint detection and response (EDR) solutions, which demonstrated full coverage against various cyber threats. BlackBerry achieved 100% protection accuracy against advanced persistent threats (APTs). This recognition follows previous accolades for BlackBerry’s cybersecurity offerings, reaffirming its commitment to securing endpoints effectively.
BlackBerry Limited (NYSE: BB) revealed findings from its 2022 Annual Threat Report, emphasizing a rise in cyberattacks targeting small to mid-sized businesses. The report highlights small businesses facing up to 11 cyberthreats daily and the trend of outsourcing among cybercriminals, which contributed to significant ransomware incidents. Additionally, it points out that public cloud platforms are increasingly being used to host malware. The report calls for a stronger adoption of Zero Trust security practices across sectors to mitigate these evolving threats.
Tech+IP acted as BlackBerry's exclusive advisor in a significant US$ 600 million transaction involving the sale of over 35,000 patents and related assets. This deal, considered the largest of its type, includes firms such as Catapult Innovations and Third Eye Capital. Tech+IP expressed that this transaction underscores the value of R&D investments and aims to enhance BlackBerry's core business and shareholder value. Previous advisory roles by Tech+IP for BlackBerry include the sale of its Paratek Antenna assets in 2020 and a $940 million arbitration against Qualcomm.
BlackBerry Limited (NYSE: BB; TSX: BB) announced a patent sale agreement with Catapult IP Innovations Inc. for $600 million. This deal involves the sale of non-core patent assets, excluding those vital to BlackBerry's operations. The company will receive $450 million in cash and a $150 million promissory note, payable over five years. The completion of the transaction requires regulatory approvals, which may take up to 210 days. BlackBerry intends to continue its core business without disruption, as customers will not be affected by this transaction.
BlackBerry Limited (NYSE: BB) announced that its QNX® OS for Safety has been selected by Critical Software to enhance safety in Portugal's national rail system. The partnership aims to improve safety measures by implementing a railway protection system that performs supervision for maintenance vehicles, ensuring speed compliance and preventing dangerous scenarios. The pre-certified QNX OS meets stringent safety standards, including ISO 26262 and IEC 61508. This collaboration underscores BlackBerry's commitment to developing secure, reliable solutions across various industries.
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