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) 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.
On September 16, 2020, BlackBerry Limited (NYSE: BB) announced that its Unified Endpoint Manager (UEM) achieved certification from the National Information Assurance Partnership (NIAP), enhancing its portfolio for government and regulated sectors. This certification assures compliance with stringent security standards for UEM, boosting confidence among federal and regulated clients. BlackBerry UEM was validated against the latest NIAP Mobile Device Management Protection Profile and is recognized internationally. Additionally, BlackBerry UEM recently received DoDIN approval and NATO Restricted Level certification.
BlackBerry Limited (NYSE: BB) announced that Saudi Financial Lease Contract Registry Company, known as SIJIL, has selected BlackBerry Unified Endpoint Manager (UEM) and BlackBerry Workspaces for secure communication. SIJIL, focused on enhancing the financial lease process in Saudi Arabia, aims to ensure contract transparency and reduce human error. BlackBerry's solutions offer top-tier security and a user-friendly experience. The partnership reflects SIJIL's commitment to high standards in information security.
BlackBerry Limited (NYSE: BB; TSX: BB) will announce its second-quarter fiscal year 2021 results on September 24, 2020, at 8:00 a.m. ET. Investors can join the conference call by dialing +1 (877) 682-6267 or stream it live on the company's website. A replay will be available at 11 a.m. ET the same day. BlackBerry specializes in intelligent security software for enterprises and governments, protecting over 500 million endpoints, including 175 million vehicles. The company continues to lead in cybersecurity and data privacy, aiming to secure a connected future.
BlackBerry Limited (NYSE: BB) announced the expansion of its BlackBerry AtHoc service with dedicated EU data centers in the Netherlands and France, joining the existing facility in the UK. This move enables compliance with EU data protection regulations and preparation for upcoming Public Warning directives. BlackBerry AtHoc has been chosen by organizations like Deutsche Gesellschaft für Internationale Zusammenarbeit for its security and ease of use. The service ensures effective crisis communication across devices, reinforcing BlackBerry's commitment to secure and compliant communication solutions.
BlackBerry Limited (NYSE: BB) announced a collaboration with StradVision, leveraging BlackBerry's QNX Software Development Platform for next-generation Advanced Driver Assistance Systems (ADAS) and Autonomous Vehicles (AV) in South Korea. This partnership will enhance StradVision's SVNet AI-based camera perception, offering improved object detection and safety features for vehicles. The QNX platform, known for its reliability and security, supports a variety of industrial applications beyond automotive. BlackBerry secures over 500 million endpoints and 175 million cars globally.
BlackBerry Limited (NYSE: BB; TSX: BB) announced the redemption of all its 3.75% unsecured convertible debentures on September 1, 2020. No debentures were converted into common shares prior to this redemption. Alongside this, the company completed a private placement of US$365 million in 1.75% unsecured convertible debentures with Hamblin Watsa Investment Counsel Ltd. and another institutional investor. This strategic move aims to strengthen its financial position as it continues to secure endpoints globally.
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