Blackberry Stock Price, News & Analysis

BlackBerry Limited announced updates to its QNX Advanced Virtualization Frameworks (QAVF) on June 14, 2022, enhancing support for Google’s Android Automotive OS (AAOS). The new QAVF, already adopted by numerous OEMs, is designed to simplify development and accelerate time to market for Android-based IVI systems. BlackBerry QNX technology is currently in production with 45 OEMs, securing over 195 million vehicles globally. This development reinforces BlackBerry's leadership in the embedded automotive software market, especially with increasing demand for advanced driver assistance systems and autonomous driving technologies.

BlackBerry Limited (NYSE: BB; TSX: BB) and BiTECH Automotive (Wuhu) Co., Ltd have collaborated to launch an advanced digital LCD cluster using BlackBerry's QNX Neutrino RTOS in Changan Automobile's new high-end UNI-V coupe. This marks an expansion from their previous partnership for the UNI-K SUV. The LCD cluster features Augmented Reality navigation and various vehicle information displays, enhancing user experience. BlackBerry's technology ensures high security against potential cyber threats and complies with safety standards, supporting OEMs in developing connected cars efficiently.

BlackBerry Limited (NYSE: BB) will announce its first-quarter fiscal year 2023 results on June 23, 2022, at 5:30 p.m. ET. The earnings call can be accessed via phone or live-streamed on the company's investor relations website. A replay will be available later that evening. Additionally, planned earnings announcement dates for the following quarters have been provided, with Q2 on September 27, 2022, Q3 on December 20, 2022, and Q4 on March 30, 2023. The company continues to secure a vast range of endpoints, leveraging AI in cybersecurity solutions.

On June 8, 2022, BlackBerry Limited (NYSE: BB) announced enhancements to its Partner Program aimed at Managed Security Service Providers (MSSPs). This initiative responds to a growing demand for Managed Extended Detection and Response (XDR) services projected to rise from $22.45 billion in 2020 to $77.01 billion by 2030. Key enhancements include expanded product offerings, increased support for partners, new training programs, lucrative marketing incentives, and flexible pricing options, all designed to bolster MSSPs and address escalating cybersecurity threats.

BlackBerry Limited (NYSE: BB) has launched CylanceGATEWAY, a Zero Trust Network Access (ZTNA) solution designed to enhance cybersecurity for remote workforces. Set to be available globally from July 2022, this AI-driven offering strengthens protection against ransomware and advanced threats by employing contextual network and device telemetry. The solution emphasizes continuous authentication for trusted users and devices, addressing the pressing cybersecurity needs highlighted in a recent IDC survey, which identified attack surface management and identity access management as essential use cases.

BlackBerry has partnered with BDStar Intelligent & Connected Vehicle Technology Co. (BICV) to integrate its QNX technology in BICV's new intelligent cockpit for Renault Jiangling's electric vehicle, the Yi. This innovative cockpit features advanced functionalities such as In-Vehicle Infotainment, Advanced Driver Assistance Systems, and augmented reality capabilities. The Yi will be used in mobility services in Europe through Renault Group's Mobilize unit, further expanding BlackBerry's presence in the automotive sector and enhancing user experience with a focus on safety and personalization.

Absolute Software and BlackBerry have partnered to enhance endpoint security for mutual customers, integrating CylancePROTECT with Absolute's Application Persistence capabilities. This collaboration aims to ensure that security applications remain operational, self-healing, and resistant to attacks. The technology, already embedded in over 500 million devices, allows for automatic monitoring and repair without human intervention. BlackBerry's solutions are recognized for their effectiveness in preventing cyber threats, reinforcing the commitment to safeguarding sensitive data.

BlackBerry Limited (NYSE: BB) announced an update regarding the sale of its non-core patent assets to Catapult IP Innovations for $600 million. The transaction's completion is contingent on financing and other conditions. Although BlackBerry remains optimistic, it is no longer exclusive with Catapult and is exploring alternative options due to the prolonged duration of the deal. BlackBerry secures over 500M endpoints, including 195M vehicles, and continues its focus on cybersecurity solutions.