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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 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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Stellantis, BlackBerry QNX and AWS Launch Virtual Cockpit, Transforming In-Vehicle Software Engineering

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Stellantis N.V. introduces the world's first virtual cockpit platform as part of its Stellantis Virtual Engineering Workbench (VEW), accelerating the delivery of infotainment tech to customers 100 times faster than previous processes. The new platform uses the QNX Hypervisor in the cloud from BlackBerry, now on early access release via AWS Marketplace. Stellantis can create realistic virtual versions of car controls and systems, making them behave just like in a real car, without needing to change the main software that runs them, reducing the time to achieve this from months to 24 hours in some cases.
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BlackBerry Launches QNX Sound, the Complete Audio and Acoustics Innovation Platform for Software-Defined Vehicles

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BlackBerry Limited (BB) Launches QNX Sound, a Software Platform for Innovation in Audio-Based Entertainment and Safety Features, Unlocking New Revenue Opportunities for Automakers
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BlackBerry QNX Announces General Availability of QNX SDP 8.0, its Scalable, High-Performance Foundation for Next Generation Automotive and IoT Systems

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BlackBerry Limited (BB) announces general availability of QNX Software Development Platform (SDP) 8.0. The platform features fifth-generation architecture with state-of-the-art safe and secure microkernel, advanced tooling, and cloud enablement. It delivers a scalable, high-performance real-time operating system available for today's embedded computing industry. QNX SDP 8.0 adds support for ARM v9 and GCC 12, and delivers near-linear performance scaling with CPU core counts. The platform extends the QNX Tool Suite with support for Microsoft Visual Studio Code and provides cloud-enabled OS support for development. QNX OS 8.0 is designed to support emerging CPU architectures such as RISC-V. The platform lays the foundation for the entire line of next-generation BlackBerry QNX portfolio products, including QNX OS for Safety, QNX Hypervisor, and QNX Hypervisor for Safety.
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BlackBerry Reports Third Quarter Fiscal Year 2024 Results

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BlackBerry Limited (NYSE: BB; TSX: BB) reports sequential and year-over-year revenue growth in IoT and Cybersecurity, with total company revenue of $175 million for the third quarter of fiscal 2024. Non-GAAP earnings per share exceeded expectations, and operating cash usage improved significantly. IoT revenue was $55 million, Cybersecurity revenue was $114 million, and Licensing & Other revenue was $6 million. Non-GAAP basic earnings per share was $0.01, and GAAP basic loss per share was $0.04. The company's total cash, cash equivalents, short-term, and long-term investments stood at $271 million. BlackBerry also provided guidance for the fourth quarter of fiscal 2024, expecting total revenue of $150 - $159 million.
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FAQ

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

The current stock price of BlackBerry (BB) is $2.35 as of November 22, 2024.

What is the market cap of BlackBerry (BB)?

The market cap of BlackBerry (BB) is approximately 1.4B.

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

#2289 Ranked by Market Cap
N/A Ranked by Dividends

BB Stock Data

1.38B
579.40M
1.7%
46.36%
4.57%
Software - Infrastructure
Services-prepackaged Software
Link
United States of America
WATERLOO