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 (BB) provides mission-critical cybersecurity solutions and embedded systems for global enterprises. This news hub offers investors and professionals timely updates on strategic initiatives across automotive security, artificial intelligence applications, and enterprise endpoint management.
Access all official press releases and market analyses in one centralized location, including earnings announcements, product innovations, and partnership developments. Our curated collection enables efficient tracking of BlackBerry's progress in securing connected vehicles, industrial IoT ecosystems, and government communications infrastructure.
Key updates cover regulatory filings, technology licensing agreements, and cybersecurity threat response initiatives. Bookmark this page for direct access to BlackBerry's evolving position in data protection markets and its QNX platform's expanding role in software-defined vehicles.
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BlackBerry Limited and the SANS Institute announce a partnership in Malaysia to offer SANS training courses through the new BlackBerry Cybersecurity Center of Excellence (CCoE) in Kuala Lumpur. The initiative aims to enhance cybersecurity capabilities in Malaysia and the Indo-Pacific region by providing advanced technology and training in critical areas like forensics and incident response. Registrations are open for the SANS Secure Malaysia 2024 inaugural training, starting from March 11. This collaboration is part of BlackBerry's cybersecurity deal with the Government of Malaysia, focusing on educating, training, and upskilling cyber professionals.
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BlackBerry Limited (BB) has fully repaid all principal and interest amounts on its 1.75% extendable convertible unsecured debentures due on February 15, 2024.
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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 (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 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 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 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 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 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 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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