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; TSX: BB) and the University of Waterloo have launched the Water Innovation Challenge, inviting proposals that apply BlackBerry technologies to address global water challenges. This initiative, open from January 10 to February 24, 2022, aims to enhance water security and resilience under the United Nations Sustainable Development Goals. The challenge focuses on cybersecurity in water systems and Internet of Things (IoT) solutions, fostering collaboration in research and technological innovation.
BlackBerry Limited (NYSE: BB) announces a strategic partnership with PATEO, a leading IoV provider in China, to integrate BlackBerry IVY™ into PATEO's Digital Cockpit solution. This collaboration aims to develop innovative, data-driven in-vehicle services and enhance business opportunities in the Chinese electric vehicle market. A pilot project will involve a major Chinese automotive manufacturer, with plans to incorporate advanced AI software from Electra Vehicles. BlackBerry's suite will be showcased at CES in Las Vegas from January 5-8, 2022.
BlackBerry Limited (NYSE: BB; TSX: BB) unveiled the BlackBerry IVY™ Intelligent Vehicle Data Platform at CES 2022, showcasing its adaptive features for software-defined vehicles. The demo highlights real-time AI-driven enhancements aimed at improving driver and passenger experiences during electric vehicle road trips. Collaborations with Amazon Web Services, HERE Technologies, Car IQ, and Electra Vehicles enable capabilities like predictive analysis, payment solutions, and battery optimization. This marks the first public display of BlackBerry IVY on hardware, emphasizing its potential for OEMs and the transportation industry.
BlackBerry Limited (NYSE: BB) has enhanced its BlackBerry Jarvis software analysis tool, enabling compliance with the U.S. government's new software bill of materials (SBOM) requirements. This tool assists vendors to the federal government by generating comprehensive SBOM reports, vital for cybersecurity management. The new feature aligns with Executive Order 14028, aimed at improving national cybersecurity. With this upgrade, BlackBerry Jarvis becomes one of the first tools to facilitate compliance, aiding embedded software developers in securing their products against vulnerabilities.
BlackBerry Limited (NYSE: BB) announced its participation in several virtual investor conferences in January 2022. Notable events include the J.P. Morgan 20th Annual Tech/Auto Forum on January 5, where CEO John Chen will discuss BlackBerry's market position. On January 6, a demonstration of BlackBerry IVY will be presented by Mattias Eriksson, followed by a Q&A. The 24th Annual Needham Virtual Growth Conference on January 11 will cover BlackBerry's cybersecurity solutions. Live streams and replays will be available on BlackBerry's investor website.
BlackBerry Limited (NYSE: BB; TSX: BB) reported Q3 fiscal 2022 revenues of $184 million, exceeding expectations. The company experienced growth in both the IoT and Cybersecurity sectors, with IoT revenue at $43 million and gross margins of 81%, while Cybersecurity brought in $128 million with gross margins of 59%. Despite a non-GAAP operating loss of $24 million, GAAP operating profit stood at $51 million. The company has a strong cash position of $772 million in total investments, with net cash of $407 million.
BlackBerry Limited (NYSE: BB; TSX: BB) has unveiled an upgraded managed extended detection and response (XDR) service through a partnership with Exabeam, enhancing its BlackBerry Guard offering. This new solution combines various BlackBerry security products with Exabeam's analytics and automation tools, enabling real-time threat detection and response. The new service aims to fill the skills gap in cybersecurity, particularly for organizations in hybrid work environments. BlackBerry guards over 500M endpoints, delivering continuous monitoring and compliance support.
BlackBerry Limited (NYSE: BB) has announced a multi-year agreement with BMW Group to develop SAE Level 2/2+ driving automation functions across various vehicle models. This collaboration includes licensing BlackBerry's QNX® technology and deploying a dedicated engineering team to support development. BlackBerry's QNX technology is already in use with 45 OEMs and over 195 million vehicles globally, underscoring its leadership in safety-certified embedded software. The partnership aims to enhance vehicle safety and deliver innovative driving experiences for BMW customers.
BlackBerry Limited (NYSE: BB) has achieved carbon neutrality across Scope 1, Scope 2, and material Scope 3 emissions. The company has removed carbon from the atmosphere through investments in carbon removal initiatives. Notable actions include an 88% reduction in emissions since 2013, a partnership with Restore the Earth Foundation for reforestation, and advanced wastewater technology investments. BlackBerry's commitment to sustainability reflects its strategy to enhance its cloud-based solutions to help customers reduce their carbon footprints.
BlackBerry Limited (NYSE: BB; TSX: BB) will announce its third-quarter results for fiscal year 2022 on December 21, 2021, at 5:30 p.m. ET. The conference call can be accessed by dialing +1 (877) 682-6267 or via live stream on the company's investor relations website. A replay will be available later the same day. Additionally, BlackBerry has released tentative dates for upcoming earnings announcements through fiscal year 2023, aimed at maintaining transparency with investors.
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