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) launched BlackBerry Jarvis 2.0 on July 26, 2021, enhancing its software composition analysis tool. This SaaS version focuses on critical areas for developers and integrators, including Open-source Software, Common Vulnerabilities and Exposures, and Software Bill of Materials. The improved dashboard offers actionable insights to identify software vulnerabilities, crucial for industries like medical, automotive, and aerospace. The release aligns with upcoming cybersecurity regulations, enabling OEMs to secure their software supply chains.
BlackBerry Limited (NYSE: BB) announced a virtual fireside chat on July 21, 2021, at 11:00 am ET, focusing on its IoT business and market opportunities. President Mattias Eriksson will discuss advancements with Tim Foote from Investor Relations. Topics include BlackBerry QNX, IVY, and partnerships with Amazon Web Services. The chat will be available for replay at 1:30 pm ET on the same day. BlackBerry secures over 500M endpoints and focuses on cybersecurity, data privacy, and innovative solutions for connected industries.
BlackBerry Limited reported a total revenue of $174 million for the first quarter of fiscal 2022, with Cyber Security revenue at $107 million and IoT revenue at $43 million. The company saw a 66% gross margin overall, while IoT enjoyed an 84% gross margin. Despite a non-GAAP loss per share of $0.05 and a GAAP loss per share of $0.11, BlackBerry noted substantial growth in its QNX royalty backlog, which rose by 9% year-over-year. Business highlights include partnerships with Volvo Group and WM Motor to enhance its IoT solutions.
BlackBerry Limited (NYSE: BB) announced the election results of its board of directors at the annual shareholder meeting held on June 23, 2021. All nine nominees listed in the management proxy circular dated May 3, 2021 were elected. Notably, Michael A. Daniels received 95.68% of votes in favor, while Barbara Stymiest garnered 82.06%, the lowest percentage among nominees. The elected directors will serve until the next annual meeting. BlackBerry continues to focus on providing intelligent security solutions to enterprises and governments globally.
BlackBerry Limited (NYSE: BB) has been recognized by Frost & Sullivan as an industry leader with its BlackBerry IVY platform, designed for automakers and smart cities. The report highlights that IVY addresses the automotive sector's challenges by standardizing data access across various platforms, enabling automakers to secure vehicle data ownership and enhance consumer experience. Frost & Sullivan forecasts a substantial IoT market growth, projected to exceed $45 billion by 2025. BlackBerry aims to unify automotive and smart city ecosystems through this innovative platform.
On June 22, 2021, BlackBerry Limited announced the launch of the BlackBerry IVY Advisory Council, aimed at advancing the BlackBerry IVY development community within the transportation and mobility sectors. This invitation-only council includes industry leaders such as HERE Technologies, GEICO, AWS, and others, focusing on creating solutions leveraging in-vehicle data. Members will have exclusive access to developer tools and participate in joint marketing. The initiative aims to solve key challenges in connected mobility and enhance the driving experience.
On June 21, 2021, BlackBerry Limited (NYSE: BB) announced that its QNX software is embedded in over 195 million vehicles, marking a 20 million increase from the previous year. BlackBerry QNX is recognized as the leader in safety-certified embedded software for automotive applications, with design wins from 23 out of the top 25 electric vehicle manufacturers. The company reported a 9% increase in royalty revenue backlog, reaching $490 million. BlackBerry continues to innovate to maintain its market position in a challenging automotive sector.
BlackBerry Limited (NYSE: BB) will announce its first-quarter fiscal year 2022 results on June 24, 2021, at 5:30 p.m. ET. Investors can access the conference call by calling +1 (877) 682-6267 or through a live stream on the company’s website. A replay will be available after 8:30 p.m. ET the same day. BlackBerry provides intelligent security software and services globally, securing over 500 million endpoints, including 175 million vehicles. The company emphasizes cybersecurity, safety, and data privacy.
BlackBerry Limited (NYSE: BB; TSX: BB) will conduct its Annual General Meeting (AGM) virtually on June 23, 2021, at 1:00 PM ET, accessible via a live audio webcast. Aimed primarily at non-registered or beneficial shareholders, the platform will enable them to submit questions during the meeting. Shareholders must log in as non-guests using control numbers from their voting forms. Proxy appointment is required for voting, with registration due by 2:00 PM ET on June 21, 2021. Additional information can be found on BlackBerry's investor website.
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