Blackberry Stock Price, News & Analysis

BlackBerry collaborates with NXP Semiconductors to enhance security against quantum computing threats by supporting quantum-resistant secure boot signatures for NXP's S32G vehicle networking processors. This initiative aims to protect critical infrastructure from potential quantum attacks. The integration will utilize the CRYSTALS Dilithium digital signature scheme, ensuring robust protection for long-term assets in industries such as aerospace and telecommunications. BlackBerry’s Certicom technology strengthens the code signing process, addressing significant security concerns and preparing systems for future cryptographic vulnerabilities.

BlackBerry Limited (NYSE: BB), based in Waterloo, Ontario, will conduct its Annual General and Special Meeting (AGM) virtually on June 22, 2022, at 1:00 pm ET. Shareholders wishing to vote must appoint themselves as proxyholders by registering online before 2:00 pm ET on June 20, 2022. BlackBerry, a leader in intelligent security software, secures over 500 million endpoints, including 195 million vehicles. More information about the AGM and how to participate can be found on the BlackBerry Investors 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.