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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.

News

BlackBerry is first MDM vendor to receive BSI clearance for BlackBerry UEM Brightsite usage with Apple iNDIGO

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BlackBerry Limited receives BSI certification for BlackBerry Unified Endpoint Management on Apple iNDIGO devices, enabling secure data transfer for government organizations. BlackBerry UEM holds multiple government security certifications and is compatible with various devices. The company has been recognized by Gartner and IDC for its UEM solutions.
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BlackBerry Provides Update on Progress in Separation of Divisions and Path to Profitability

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BlackBerry (BB) aims for positive cash flow with a target of $100 million annualized net profit improvements. The company has taken significant steps towards profitability through cost reductions and margin expansion. BlackBerry expects to achieve sequential improvements in operating cash flow usage and to be cash flow positive in Q4 FY25. Progress has been made in establishing standalone divisions, reducing debt by 45%, and maintaining a solid balance sheet. Management reiterates a revenue outlook of $150-159 million.
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BlackBerry to Participate in Upcoming Investor Events

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BlackBerry Limited (NYSE: BB; TSX: BB) announced its participation in investor conferences, including Wolfe Research Global Auto and Auto Tech Conference and Baird's 2024 Vehicle Technology and Mobility Virtual Conference. Executives will engage in fireside chats and Q&A sessions, providing insights into BlackBerry's QNX and cybersecurity business units.
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BlackBerry Appoints Philip Brace to its Board of Directors

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BlackBerry Limited has appointed IoT technology veteran Philip Brace to its board of directors while announcing the resignation of Director Prem Watsa. Brace brings extensive knowledge and experience in IoT and related technologies, having served as President and CEO of Sierra Wireless Inc. His appointment comes at a pivotal time as BlackBerry undergoes significant changes, separating and rightsizing its business into two standalone divisions. This announcement coincides with Watsa's resignation due to the Company's repayment of $150 million principal amount convertible debentures held by affiliates of Fairfax Financial Holdings Limited, where Watsa serves as Chairman and CEO.
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BlackBerry Announces Pricing of Upsized Private Offering of $175 Million of 3.00% Convertible Senior Notes

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BlackBerry Limited announced the pricing of its private offering of $175 million aggregate principal amount of its 3.00% Convertible Senior Notes due 2029 at an approximately 32.50% conversion premium to the closing share price of $2.93 on The New York Stock Exchange on January 24, 2024. The offering was upsized from the previously announced offering of $160 million aggregate principal amount of notes. The net proceeds from the offering will be approximately $169.6 million (or approximately $194.0 million if the initial purchasers exercise their option to purchase additional notes in full), after deducting fees and estimated offering expenses payable by BlackBerry. BlackBerry intends to use the net proceeds from the offering of the notes to fund the repayment or repurchase of its outstanding $150 million aggregate principal amount of 1.75% extendible convertible unsecured debentures due February 15, 2024 (the 'Existing Debentures') and the remainder for general corporate purposes.
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BlackBerry Announces Proposed Private Offering of $160 Million of Convertible Senior Notes

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BlackBerry Limited (NYSE: BB; TSX: BB) announced a private offering of $160 million aggregate principal amount of Convertible Senior Notes due 2029, with an option for an additional $25 million. The net proceeds will be used to fund the repayment of existing debentures and for general corporate purposes. The notes will mature on February 15, 2029, and will rank senior to BlackBerry's obligations under the existing debentures. The offering is subject to customary conditions, including approval from the Toronto Stock Exchange.
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BlackBerry to Participate in Upcoming Investor Event

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BlackBerry Limited (NYSE: BB; TSX: BB) CEO to speak at the upcoming Needham Growth Conference. John Giamatteo, BlackBerry Chief Executive Officer, and Tim Foote, VP Investor Relations, will discuss key recent developments and opportunities at BlackBerry. The 26th Annual Needham Growth Conference will take place on Wednesday, January 17, 2024, at 8:00 am ET. The live video stream and a replay of both events will be available on BlackBerry.com/Investors website.
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BlackBerry Launches QNX Everywhere to Address Global Embedded Software Developer Skills Shortage

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BlackBerry Limited (BB) launches QNX Everywhere initiative to address the demand for skilled embedded systems' developers. This initiative offers easy access to QNX software for academia, advanced research organizations, and hobbyists to boost skills development in automotive, industrial, robotics, and medical markets. With QNX Everywhere, BlackBerry aims to increase the availability of valuable skills across the global developer ecosystem.
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VicOne and BlackBerry Collaborate to Help Automotive OEMs and Fleet Operators More Quickly Distinguish Real Cyberattacks in Commercial and Personal Software-Defined Vehicles

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VicOne (BB) partners with BlackBerry Limited to strengthen automotive cybersecurity posture using machine learning at the vehicle edge for early, precise, and actionable intrusion detection.
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Mobility in Harmony (MIH) Consortium, a Foxconn initiative, Selects BlackBerry IVY to Power its Next-Generation Electric Production Vehicles

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BlackBerry Limited (NYSE: BB; TSX: BB) and the BlackBerry IVY® platform have been selected by Mobility in Harmony (MIH) Consortium, a Hon Hai Technology Group (Foxconn) initiative, to power its next generation Project X and future passenger and commercial vehicle reference platforms. The collaboration aims to deploy IVY™ in vehicle digital cockpits to provide real-time monitoring of vehicle health and performance, offering fleet operators and drivers intuitive insights for managing operations, improving driver safety, and optimizing asset utilization.
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FAQ

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

The current stock price of BlackBerry (BB) is $3.96 as of December 24, 2024.

What is the market cap of BlackBerry (BB)?

The market cap of BlackBerry (BB) is approximately 2.3B.

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.

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BlackBerry Limited

NYSE:BB

BB Rankings

#1864 Ranked by Market Cap
N/A Ranked by Dividends

BB Stock Data

2.34B
580.26M
1.7%
46.34%
4.2%
Software - Infrastructure
Services-prepackaged Software
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United States of America
WATERLOO