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 generates news across automotive technology partnerships, cybersecurity product developments, and quarterly financial performance. The company's QNX embedded software platform produces announcements when automotive manufacturers select the technology for new vehicle platforms, partnerships that indicate future royalty potential. These design wins often precede production revenue by multiple years due to automotive development cycles.
Earnings releases provide visibility into how the IoT and Cybersecurity segments perform independently, showing whether automotive royalties or enterprise security subscriptions drive results. Product announcements detail enhancements to the QNX platform for software-defined vehicles and improvements to AI-driven threat prevention capabilities in endpoint security products. Executive leadership changes and strategic partnership expansions also generate material news.
Industry developments affecting automotive software adoption, such as regulatory changes around vehicle safety or cybersecurity requirements, influence BlackBerry's market opportunities. News about enterprise security breaches and ransomware incidents creates context for understanding demand drivers in the Cybersecurity segment. Track these developments to understand the competitive landscape and market conditions affecting BlackBerry's embedded software and security businesses.
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.
BlackBerry Limited announced the launch of Chrome Enterprise Management integrated with BlackBerry UEM on May 27, 2022. This solution enables enterprises to manage both company-issued and BYO Chrome devices, enhancing productivity and security. The integration expands BlackBerry's Serviceable Available Market (SAM) amidst rising demand for Chrome devices in businesses. BlackBerry UEM, now part of Google's Chrome Enterprise Recommended program, offers IT managers extensive policy controls such as remote wipe and password enforcement. Customer trials are ongoing, with global availability expected in July 2022.
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.
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