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 (NYSE:BB)(TSX:BB) has announced its upcoming Investor Day on Wednesday, October 16, 2024 at 9:30am ET. The event will be held at the New York Stock Exchange and will be accessible to the public via webcast. Interested parties can register through the provided link or the BlackBerry.com/Investors website.
This Investor Day aims to offer investors and analysts an opportunity to engage with BlackBerry executives, gaining insights into the company's vision, future strategies, and progress towards profitability and positive cashflow in their IoT and Cybersecurity divisions. A replay of the webcast will be available after the event, and additional details, including the agenda, can be found on the company's website.
BlackBerry (NYSE:BB, TSX:BB) has announced its upcoming Investor Day scheduled for October 16, 2024 at 9:30 a.m. ET. The event will be hosted at the New York Stock Exchange and will be accessible to the public via webcast. Investors and analysts will have the opportunity to interact with BlackBerry executives and gain insights into the company's vision, future plans, and progress towards profitability.
The event will focus on BlackBerry's IoT and Cybersecurity divisions, highlighting their path to positive cash flow. Interested parties can register for the webcast through the provided link or via the BlackBerry.com/Investors website. A replay of the webcast will be available after the event. For more details, including the agenda, visit the provided link.
MotorTrend Group and BlackBerry (NYSE:BB)(TSX:BB) have announced the third annual Software-Defined Vehicle (SDV) Innovator Awards, celebrating the automotive industry's shift from hardware to software. The awards recognize individuals driving innovation in vehicle design, connectivity, and user experience. Nominations are open for three categories: Pioneer, Leader, and Expert, with submissions closing on October 11, 2024.
Alongside the awards, MotorTrend has produced 'Coding the Car 2.0', a documentary exploring recent advancements in SDVs, including the role of Chinese automakers and industry consolidation. The film also highlights the importance of legacy automakers in the electric vehicle market.
HaleyTek and BlackBerry QNX have launched the Generic Automotive Platform (GAP), a cutting-edge cockpit software platform. GAP offers an Android Automotive development environment, accelerating the creation of advanced infotainment systems. BlackBerry QNX provides the QNX Hypervisor for Safety and QNX Sound platform for GAP, introducing two key technologies: Software Defined Audio (SDA) and VirtIO.
SDA enables superior audio experiences and Bill-of-Material savings, while creating new subscription revenue opportunities. The platform supports over-the-air updates for Android and security, ensuring longevity and safety. VirtIO facilitates hardware-software separation and cloud-first development, reducing integration efforts across the ecosystem.
BlackBerry (NYSE: BB; TSX: BB) has announced significant changes in its finance leadership. Tim Foote has been appointed as the new Chief Financial Officer, effective immediately. Foote, who joined BlackBerry in 2015 following the acquisition of Good Technology, brings over 20 years of experience in senior finance roles. He will succeed Steve Rai, who is leaving the company to pursue other opportunities.
In addition, Jay Chai has been appointed as Chief Accounting Officer, and Fraser Deziel has been promoted to Corporate Controller. These changes are part of BlackBerry's strategy to streamline its finance organization as it establishes two distinct divisions: Cybersecurity and IoT. The company aims to drive towards profitability and deliver greater shareholder value through these leadership changes.
BlackBerry (NYSE: BB; TSX: BB) has announced its participation in two upcoming investor conferences. On August 6, 2024, at the KeyBanc Capital Markets 2024 Technology Leadership Forum, Nathan Jenniges (SVP & GM, Cybersecurity Products) and Tim Foote (CFO, Cybersecurity and Head of IR) will engage in a fireside chat at 12:30pm ET.
Additionally, on August 13, 2024, at the Canaccord Genuity 44th Annual Growth Conference, John Giamatteo (CEO) and Tim Foote will participate in another fireside chat at 11:30am ET. Both events will be live-streamed, with replays available on BlackBerry's investor website.
QNX, a division of BlackBerry (NYSE: BB; TSX:BB), has announced the launch of QNX® Containers, expanding its trusted software portfolio to support OS virtualization and containerization on QNX-based devices. This new offering provides a standards-based environment for deploying, executing, and managing container technology, combining the benefits of containerization with QNX's safety, security, and reliability.
Key features include:
- Compliance with Open Container Initiative (OCI)
- Support for Kubernetes toolchains and Docker repositories
- Coexistence with QNX® Hypervisor environment
- Built according to ISO 21434 security processes
- Designed for functional safety certification
QNX Containers is expected to be available in Q4, 2024, offering customers a solution that doesn't compromise on RTOS choice while enabling containerization strategies.
BlackBerry (NYSE: BB; TSX: BB) has launched CylanceMDR Pro, an advanced managed detection and response service built on an Open XDR platform powered by AI. This solution addresses the challenges faced by security teams dealing with sophisticated cyber threats and resources. CylanceMDR Pro integrates seamlessly with existing security tools, offering comprehensive visibility across IT infrastructure without the need for replacement.
Key features include:
- Over 300 platform integrations
- AI-driven approach for enhanced threat detection
- Compatibility with existing security tooling
- Unified threat detection across endpoints, networks, cloud, and more
The service will be available from July 31, 2024, aiming to provide businesses with improved cybersecurity posture and peace of mind.
BlackBerry reported its financial results for Q1 FY2025, ending May 31, 2024. The company exceeded revenue guidance for both its IoT and Cybersecurity divisions, with IoT revenue growing 18% year-over-year to $53 million and Cybersecurity revenue reaching $85 million. BlackBerry's total revenue was $144 million, and the company's gross margin stood at 67%. Non-GAAP operating loss was $12 million and GAAP operating loss was $39 million. Non-GAAP EPS was a loss of $0.03, beating guidance, while GAAP EPS was a loss of $0.07. Adjusted EBITDA was negative $7 million. The company made strides towards operational separation of its IoT and Cybersecurity businesses and aims to be profitable on a non-GAAP basis by Q4 FY2025. Additionally, BlackBerry partnered with ETAS, collaborated with AMD, and launched new cybersecurity solutions including CylanceMDR™ and Cylance Assistant. The company provided Q2 FY2025 guidance with total revenue between $136-$144 million and full fiscal year 2025 guidance between $586-$616 million.
BlackBerry (NYSE: BB; TSX: BB) announced the election results for its Board of Directors following the annual and special meeting of shareholders held on June 25, 2024. Seven nominees, as listed in the company's proxy circular from May 3, 2024, were elected to serve until the next annual meeting or until successors are appointed. Detailed voting results indicate strong shareholder support for the nominees:
Philip Brace: 85.23% for, 14.77% withheld
Michael A. Daniels: 71.18% for, 28.82% withheld
Lisa Disbrow: 93.84% for, 6.16% withheld
John J. Giamatteo: 93.90% for, 6.10% withheld
Richard Lynch: 90.27% for, 9.73% withheld
Lori O'Neill: 95.12% for, 4.88% withheld
Wayne Wouters: 92.38% for, 7.62% withheld.
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