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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

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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BlackBerry to Showcase Innovative Automotive Solutions Powered by the BlackBerry IVY Connected Vehicle Data Platform at CES 2024

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BlackBerry Limited (BB) to showcase the breadth and power of its BlackBerry IVY® connected vehicle data platform at CES 2024, highlighting diverse solutions developed on the platform and the potential for automakers to differentiate and monetize the connected car.
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BlackBerry to Host Investor Briefing at CES 2024

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BlackBerry Limited (NYSE: BB; TSX: BB) to Host Investor-Focused Q&A Session at CES 2024
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BlackBerry Appoints John Giamatteo as CEO

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BlackBerry Limited (NYSE: BB; TSX: BB) has announced the appointment of John J. Giamatteo as its new Chief Executive Officer and the pursuit of a full separation of its IoT and Cybersecurity business units. The company will no longer pursue a subsidiary IPO of the IoT business and aims to establish the two divisions as standalone entities, presenting greater options for enhancing shareholder value.
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BlackBerry to Announce Third Quarter Fiscal Year 2024 Results on December 20, 2023

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BlackBerry Limited (NYSE: BB; TSX: BB) will report Q3 fiscal year 2024 results on December 20, 2023, at 5:30 p.m. ET. The company's investor webpage or a live webcast will provide access to the conference call. A replay will be available on the same day. The planned earnings date for Q4 2024 is April 3, 2024, with specific dates to be confirmed later.
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BlackBerry Quarterly Global Threat Intelligence Report Shows 70 Percent Increase in Novel Malware Attacks

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BlackBerry Limited (BB) reports a 70% increase in new malware encountered by its AI-powered cybersecurity solutions, stopping over 3.3 million attacks in the last quarter. Financial and healthcare sectors were the most targeted industries, with ransomware groups using double extortion tactics. The US and Australia saw the highest increase in public sector attacks, with BlackBerry Cylance AI preventing the most cyberattacks overall in the US.
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BlackBerry Announces Completion of Partial Debt Refinancing

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BlackBerry Limited (NYSE: BB; TSX: BB) Completes US$150 Million Private Placement of 1.75% Convertible Unsecured Debentures
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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
Link
United States of America
WATERLOO