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BlackBerry Limited - BB STOCK NEWS

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.

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BlackBerry Limited (NYSE: BB) has opened registration for its seventh annual Security Summit taking place virtually from October 5-7, 2020. Industry experts will gather to discuss pressing topics like cybersecurity, AI, and business continuity focused on the theme of Intelligent Security Everywhere. The event features keynote speeches from BlackBerry executives, customer-led case studies, and sessions on the latest security challenges.

The summit offers free attendance and aims to enhance understanding of cybersecurity in a hyper-connected world.

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BlackBerry Limited (NYSE: BB) announced that its BlackBerry® Unified Endpoint Manager (UEM) software has received Department of Defense Information Network (DoDIN) approval as a Mobile Device Management (MDM) solution, marking it as the sole MDM solution on the DoDIN Approved Product List (APL). This approval, facilitated by the Defense Information Systems Agency (DISA), validates BlackBerry's commitment to secure communications for the U.S. Federal Government, where it has been a partner for over two decades. The company emphasizes its dedication to cybersecurity and data privacy.

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BlackBerry Limited (NYSE: BB) has announced the amendment of its indenture for the 3.75% unsecured convertible debentures, allowing for their optional redemption. The redemption of the US$605 million principal will occur on September 1, 2020, at 101.6854508% of the principal amount. Additionally, BlackBerry has updated its 1.75% convertible debentures private placement with Fairfax Financial, reducing the subscription from US$535 million to US$365 million. This amendment is expected to align with the company’s goals of reducing debt and interest expense.

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BlackBerry Limited (NYSE: BB) announced the mass production of the IPU-03, an autonomous driving domain controller developed with Desay SV Automotive, now integrated into Xpeng Motors' P7 electric vehicle. This system uses BlackBerry's QNX® OS for Safety to ensure real-time monitoring and decision-making for safe driving. The IPU-03 is designed to meet stringent automotive safety requirements, exemplifying BlackBerry's commitment to intelligent security and innovative automotive technology.

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BlackBerry Limited (NYSE: BB) announced additional details on its refinancing of US$605 million in 3.75% unsecured convertible debentures set to mature on November 13, 2020. The company will transition to 1.75% debentures with a three-year term and a conversion price of US$6.00, a 25% premium to market value. The refinancing aims to reduce overall indebtedness and interest costs while avoiding potential dilution. Fairfax Financial will exchange its holdings in the current debentures for the new ones, safeguarding against becoming a control person.

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BlackBerry Limited (NYSE: BB) has launched a free open-source tool called PE Tree for cybersecurity professionals, enhancing malware reverse engineering efficiency. This tool, initially for internal use, allows users to visualize Portable Executable (PE) files in a tree-view format and integrates with Hex-Rays' IDA Pro decompiler. Eric Milam emphasized the need for advanced tools as cyber threats grow, with over 1 billion malware types currently in existence, increasing by 100 million annually. PE Tree supports Windows, Linux, and Mac operating systems.

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BlackBerry Limited (NYSE: BB) has expanded its partnership with Vodafone to offer BlackBerry AtHoc as an emergency alert and crisis communications solution. The collaboration will serve clients like Greater Manchester Police and Greater Manchester Fire and Rescue Service, enabling secure communications and real-time alerts. This partnership builds on their ongoing relationship since 1999 and aims to enhance operational efficiency during critical events, ensuring safety and quick information exchange.

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BlackBerry Limited (NYSE: BB) partners with Canoo to provide the QNX operating system for advanced driver-assistance systems (ADAS) in Canoo's semi-autonomous electric vehicles (EVs). The collaboration includes licensing the QNX OS for Safety 2.0, crucial for secure autonomous vehicle features. Canoo aims to launch its first production vehicles with level 2 autonomy by late 2021, targeting a market expected to reach nearly $600 billion by 2026. BlackBerry's QNX technology is already embedded in over 175 million vehicles globally, demonstrating its established presence in the automotive industry.

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BlackBerry Limited (NYSE: BB) announced a consent from 88.39% of holders of its 3.75% unsecured convertible debentures to redeem these debentures before November 13, 2020. The company plans to redeem US$605 million worth of debentures at a price of 101.6854% on or about September 1, 2020. Simultaneously, BlackBerry obtained commitments to issue US$535 million in new 1.75% convertible debentures convertible at US$6.00 per share. This restructuring aims to reduce interest expenses by over 58% and enhance liquidity, with Fairfax Financial continuing as a key lender.

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BlackBerry Limited (NYSE: BB) reported Q1 Fiscal 2021 results, with non-GAAP revenue of $214 million and GAAP revenue of $206 million, down from $267 million and $247 million respectively year-over-year. The company posted a GAAP loss of $1.14 per share, primarily due to a $594 million goodwill impairment charge. Despite challenges in the auto sector, demand for BlackBerry's security solutions rose amid increased remote working. The company holds $955 million in cash, but has not provided a financial outlook for the fiscal year due to economic uncertainty.

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FAQ

What is the current stock price of BlackBerry (BB)?

The current stock price of BlackBerry (BB) is $3.79 as of December 23, 2024.

What is the market cap of BlackBerry (BB)?

The market cap of BlackBerry (BB) is approximately 2.2B.

What does BlackBerry Limited specialize in?

BlackBerry Limited specializes in intelligent security software and services for enterprises and governments. This includes cybersecurity, safety, data privacy, endpoint management, and embedded systems.

How has BlackBerry transitioned from its past focus?

BlackBerry has transitioned from being the world’s largest smartphone manufacturer to focusing solely on providing secure communication and endpoint management solutions for regulated industries.

What are some recent achievements of BlackBerry?

Recent achievements include a partnership with Max-Atlas to integrate BlackBerry Radar® asset tracking technologies and an expanded collaboration with TTTech Auto for software-defined vehicles. The company also introduced generative AI cybersecurity solutions like Cylance Assistant and CylanceMDR™.

How is BlackBerry performing financially?

BlackBerry's IoT division reported a record revenue quarter, while its Cybersecurity division stabilized its annual recurring revenue. The company continues to make progress in separating its divisions and driving towards profitability.

What new initiatives has BlackBerry launched?

BlackBerry launched Cylance Assistant, a generative AI cybersecurity advisor, and CylanceMDR™, a managed detection and response solution. They also initiated a cybersecurity leadership program in Malaysia to address the gender gap in the industry.

Has BlackBerry received any recent industry recognition?

Yes, BlackBerry received the 2024 Gartner Peer Insights ‘Voice of the Customer’ designation for Unified Endpoint Management (UEM) tools for the second consecutive year.

What partnerships has BlackBerry recently announced?

BlackBerry announced partnerships with Max-Atlas for asset tracking technologies and TTTech Auto for integrating the QNX® Operating System with advanced scheduling solutions for software-defined vehicles.

What is BlackBerry’s vision for the future?

BlackBerry's vision is to secure a connected future you can trust, employing AI and machine learning to deliver innovative solutions in cybersecurity, safety, and data privacy.

Where is BlackBerry headquartered?

BlackBerry is headquartered in Waterloo, Ontario, Canada.

How can I learn more about BlackBerry?

For more detailed information and latest updates, you can visit BlackBerry's official website at https://www.blackberry.com/us/en.

BlackBerry Limited

NYSE:BB

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BB Stock Data

2.18B
579.40M
1.7%
46.34%
4.2%
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