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's latest Global Threat Intelligence Report reveals a significant rise in cyberattacks, with 3.1 million attacks detected and stopped in Q1 2024. This marks a 40% increase in new malware compared to the previous period, with 5.2 attacks detected per minute. Critical infrastructure sectors, particularly financial services, were heavily targeted. Notably, 82% of attacks were directed at the U.S., with 54% involving previously unseen malware. Commercial enterprises also saw a rise in threats, particularly through social engineering tactics. The report underscores the rapid weaponization of CVEs and highlights the ongoing threat from ransomware groups like LockBit, Hunters International, and 8Base.
BlackBerry will hold its Annual General and Special Meeting (AGM) virtually on June 25, 2024, at 1:00 pm ET. The event includes a live audio webcast and voting platform accessible at https://web.lumiagm.com/411599049. Registered shareholders and duly appointed proxyholders can vote during the AGM. Non-registered shareholders must appoint themselves as proxyholders by delivering a form of proxy and registering online with Computershare Investor Services before 2:00 pm ET on June 21, 2024. Those without a control number or proxy cannot vote but may join as guests. Further details are available at BlackBerry.com/Investors/UserGuide, and a replay will be provided at BlackBerry.com/Investors.
BlackBerry (NYSE: BB; TSX: BB) is set to announce its first quarter fiscal year 2025 results on June 26, 2024, at 5:30 p.m. ET. The earnings call will be accessible via live webcast on the company's investor webpage or by dialing in. A playback will be available at 8:30 p.m. ET on the same day. The company also provided tentative dates for the remaining quarterly earnings for fiscal year 2025: Q2 earnings on September 26, Q3 on December 19, and Q4 on March 26, 2025. These dates are subject to confirmation via future press releases.
BlackBerry's recent study reveals that over 75% of software supply chains faced cyberattacks in the past year. Conducted in April 2024, the survey involved 1,000 senior IT and cybersecurity leaders. Findings indicate that 51% of companies could recover from breaches within a week, a slight drop from two years ago, while 40% took a month to recover, an increase from before. Notably, 74% of the attacks occurred through unmonitored or unknown supply chain members. Despite measures like data encryption and multi-factor authentication, companies still suffered financial, data, reputational, and operational impacts. Confidence in supply chain cybersecurity remains high, with 68% of respondents trusting their suppliers' vulnerability management. However, challenges such as lack of technical understanding and visibility hinder regular software inventories. Additionally, while 78% track the impact on end users, only 65% inform their customers due to reputation concerns and resource constraints.
BlackBerry (NYSE: BB, TSX: BB) has been recognized as a Customers' Choice in the 2024 Gartner Peer Insights 'Voice of the Customer' for Unified Endpoint Management (UEM) Tools. This marks the second consecutive year that BlackBerry has received this accolade.
The recognition is based on customer reviews evaluating BlackBerry UEM's Product Capabilities, Deployment Experience, and Support Experience, where it achieved an average rating of 4.5 out of 5 from 72 reviews. Notable reviews praised its ability to manage both corporate and personal devices, its wide array of functionalities, and excellent customer support.
This follows BlackBerry's continued leadership in the UEM market, as highlighted by Omdia's recent 'Universe' report. BlackBerry UEM is used by governments and enterprises globally and is compatible with iOS, Android, Windows, and Mac devices.
BlackBerry announced the results of a study by The Tolly Group, showing that their CylanceENDPOINT solution outperformed competitors in blocking attacks with minimal system impact. The testing revealed higher detection rates and lower CPU utilization compared to other AI models. BlackBerry emphasized the importance of objective testing for proactive defense against increasing cyber threats.
BlackBerry launched CylanceMDR, a Managed Detection & Response solution combining expert security analysts with AI technology, offering three packages for comprehensive cybersecurity protection. The solution includes hands-on onboarding, threat hunting, incident response, and a $1 million guarantee for eligible customers.
BlackBerry has introduced Cylance Assistant, a generative AI cybersecurity advisor aimed at enhancing organizations' decision-making and threat detection capabilities. This tool provides fast, expert guidance to security analysts, simplifies complex cybersecurity issues, and empowers security teams to outmaneuver sophisticated threat actors. Cylance Assistant leverages the power of Cylance AI to deliver on-demand insights and recommendations, helping organizations fortify their cyber resilience without incurring additional costs.
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