BlackBerry Limited - BB STOCK NEWS

BlackBerry Limited (NYSE: BB) launched BlackBerry Protect Mobile, an AI-driven mobile threat defense (MTD) solution, on October 6, 2020. This product enhances endpoint security by providing real-time visibility into mobile devices amidst rising mobile malware and phishing threats, which have surged by 40% during the pandemic. The solution detects attacks automatically and alerts users before they engage with harmful content. BlackBerry continues to secure over 500 million endpoints globally, positioning itself as a leader in cybersecurity.

BlackBerry Limited (NYSE: BB) launched BlackBerry Persona® Desktop, an advanced user and entity behavior analytics (UEBA) solution utilizing AI and machine learning for real-time continuous authentication. This product, part of the BlackBerry Cyber Suite, enhances security by validating user identity locally without relying on cloud data, thus ensuring faster responses to breaches. It effectively tackles issues like stolen credentials, insider threats, and physical device compromises. The launch aligns with trends towards Zero Trust security models, promising improved organizational safety.

BlackBerry Limited (NYSE: BB) has launched the BlackBerry Cyber Suite, the first AI-powered unified endpoint security solution. This comprehensive suite includes products for endpoint protection, detection and response, mobile threat defense, and user behavior analytics. It aims to enhance cybersecurity by providing a prevent-first approach, addressing sophisticated threats like malware and insider attacks. BlackBerry secures over 500M endpoints globally, using AI to adapt to emerging threats, making it a leader in cybersecurity innovation.

BlackBerry Limited (NYSE: BB) has launched a new global partner program, consolidating its previous Enterprise and Cylance Partner Programs. This initiative aims to enhance partner support through a unified sales portal and training resources, enabling over 2,200 resellers to access BlackBerry's full portfolio. Key features include the 'Partner Protection' feature for deal registration, tiered partner levels offering discounts, and various training and marketing resources. The program is designed to drive revenue opportunities amid growing cybersecurity threats, reflecting BlackBerry's commitment to its partner ecosystem.

BlackBerry Limited (NYSE: BB) reported financial results for Q2 Fiscal 2021, revealing total non-GAAP revenue of $266 million, with GAAP revenue at $259 million. The company achieved a non-GAAP gross margin of 78% and an operating loss of $22 million on a GAAP basis. Notably, BlackBerry's recurring non-GAAP software revenue stands at approximately 90%. The recent redemption of convertible debentures reduced debt by $240 million, saving $16 million annually in interest. BlackBerry’s strategic partnerships and technology advancements, particularly in automotive and cybersecurity sectors, bolster future growth prospects.

On Sept. 23, 2020, BlackBerry (NYSE: BB) launched the BlackBerry AtHoc Public Safety edition, enhancing local governments and universities' capabilities for critical communications. This cloud-based system allows rapid dissemination of vital information during emergencies, and has supported various crises globally. Designed for quick deployment and affordability, the solution complies with accessibility standards and offers multi-language support. Additionally, it integrates with other public safety networks to ensure timely notifications, emphasizing BlackBerry's commitment to securing communities.

BlackBerry Limited (NYSE: BB) announced that the United States Air Force has selected BlackBerry Spark for its secure productivity needs. This agreement grants the Air Force access to BlackBerry's advanced Unified Endpoint Management (UEM) and Unified Endpoint Security (UES) technologies. BlackBerry Spark modernizes digital infrastructure for high-performance, secure remote work. With over twenty years of partnership, BlackBerry aims to support the Air Force's critical missions across air, space, and cyberspace. The company secures more than 500M endpoints globally.

BlackBerry Limited (NYSE: BB; TSX: BB) has extended its partnership with the American Red Cross to enhance community safety and resilience. The company will donate its AtHoc software, which facilitates emergency response and disaster preparedness. This collaboration builds on their long-standing support during crises like wildfires and hurricanes. BlackBerry emphasizes its commitment to the United Nations Sustainable Development Goals through this initiative. The Red Cross acknowledges the value of AtHoc in timely communications during disasters, assisting in saving lives and recovery efforts.