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 reports news on enterprise software, secure communications, and embedded systems software through its QNX and Secure Communications divisions. QNX updates commonly cover real-time operating systems, safety-certified platforms, hypervisors, robotics, automotive, medical technology, industrial controls, defense, and edge AI deployments. Secure Communications news centers on certified communications, mobile fortification, mission-critical communications, critical events management, and digital sovereignty use cases for governments and regulated organizations.
BlackBerry announcements also include customer selections, technology integrations, industry research, partnerships, and operating results. Recurring financial updates distinguish QNX performance from Secure Communications performance and discuss software revenue, royalty backlog, operating cash flow, and segment profitability.
On October 26, 2022, BlackBerry announced new alliances with independent software vendors (ISVs) during the BlackBerry Security Summit. These partnerships enhance the BlackBerry Marketplace for Enterprise Software by introducing innovative tools aimed at boosting productivity and cybersecurity. Key ISV offerings include SafeBreach's no-code red-team automation platform, Blue Cedar's security integration for apps, and Movius' unified communications solutions. BlackBerry continues to prioritize security in a fast-evolving landscape, securing over 500 million endpoints globally.
BlackBerry Limited has received high-level security accreditation for its SecuSUITE® for Government from the NATO Communications and Information Agency. This certification allows SecuSUITE to be utilized for secure communications within NATO, ensuring confidentiality in voice and messaging for global governments. The technology features end-to-end encryption, thereby protecting calls and messages across various networks. The accreditation underscores NATO's trust in BlackBerry's solutions amid increasing global security concerns.
BlackBerry Limited (NYSE: BB) released a report on cybersecurity challenges faced by organizations. Key findings from a survey of 405 IT decision-makers show that 83% find building cybersecurity programs costly, while 80% struggle to fill specialized roles. Evolving threats and tech integration are top concerns for 53% of respondents. The report emphasizes that Managed XDR solutions can aid companies lacking resources to tackle these issues effectively. It highlights the acute challenges in healthcare and energy sectors and suggests a growing interest in XDR adoption among organizations.
BlackBerry Limited (NYSE: BB; TSX: BB) and Shanghai Dayin Technology Co., Ltd. announced a partnership to integrate BlackBerry QNX® acoustics technology into Great Wall Motors' premium vehicle lines, including WEY Mocha, Latte, and Macchiato. The 'Yin' 2.0 app, built on Active Sound Design (ASD) technology, aims to enhance the driving experience with features like acoustic alerts and engine sound enhancements. This collaboration strengthens BlackBerry's position in the automotive sector, showcasing its innovative software for intelligent cockpit solutions, which will commence mass production soon.
BlackBerry Limited (NYSE: BB) reported strong fiscal Q2 2023 results with a total revenue of $168 million. The IoT business achieved $51 million in revenue, marking a 28% year-over-year growth, while the Cybersecurity unit generated $111 million, experiencing an 8% decline from the previous year. Non-GAAP basic loss per share was $0.05. Strategic highlights included significant design wins with Volkswagen for QNX and expansion in the Cybersecurity billings, which increased 15% sequentially. The outlook remains optimistic for continued growth in Cybersecurity.
MotorTrend and BlackBerry have announced the launch of the Software-Defined Vehicle Innovator Awards to honor pioneers in the automotive industry's transformation from hardware to software. As software's role in cars grows, it is expected to comprise 50% of total vehicle costs by 2030, up from 30% today. The awards aim to recognize innovators in three categories: Pioneer, Leader, and Domain Expert. Nominations are open until October 31, 2022, with winners announced on January 5, 2023, during CES in Las Vegas.
BlackBerry Limited (NYSE: BB) will announce its second quarter fiscal year 2023 results on September 27, 2022, at 5:30 p.m. ET. Investors can join the conference call by dialing +1 (877) 400-4403 or by streaming it live on the company's website. A replay will be available later that day. The company also provided tentative dates for upcoming earnings announcements for the rest of the fiscal year, with Q3 earnings expected on December 20, 2022, and Q4 on March 30, 2023. BlackBerry continues to secure over 500 million endpoints globally.
A recent survey conducted by BlackBerry (NYSE: BB) reveals that 68% of European homeworkers prioritize price, usability, and ease of setup over security when purchasing smart devices. Only 32% consider security a top factor, leading to significant cybersecurity risks, especially as 75% of businesses fail to secure home internet connections. This negligence increases vulnerability to cyberattacks, with BlackBerry noting an alarming rate of upwards of 11 attacks per device daily. The findings underscore the urgent need for improved cybersecurity measures in light of evolving hybrid work environments.
BlackBerry Limited (NYSE: BB) announced the opening of registration for its 9th annual Security Summit on October 26, 2022, at the New York Stock Exchange. The hybrid event will feature live sessions, fireside chats, and OnDemand offerings focusing on cybersecurity innovations, endpoint management, and the evolving threat landscape. CEO John Chen will deliver the keynote, emphasizing BlackBerry's commitment to security. The summit aims to equip attendees with insights from industry experts to enhance their cybersecurity strategies.
BlackBerry Limited and Corvus Insurance released a study revealing that 81% of businesses have ransomware coverage limits below $600,000, lower than the previous year's median demand. The survey indicated that 59% of respondents expect government support for ransomware damages. Small-to-medium sized businesses (SMBs) are notably underinsured, with only 14% having coverage above $600,000. The report emphasizes the need for a stronger cybersecurity posture and adherence to software requirements to mitigate ransom payouts.