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BlackBerry Ltd - BB STOCK NEWS

Welcome to our dedicated news page for BlackBerry (Ticker: BB), a resource for investors and traders seeking the latest updates and insights on BlackBerry.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect BlackBerry's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of BlackBerry's position in the market.

Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.21%
Tags
partnership
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Rhea-AI Summary
BlackBerry Limited (BB) has fully repaid all principal and interest amounts on its 1.75% extendable convertible unsecured debentures due on February 15, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.45%
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none
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.58%
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none
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.56%
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none
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.36%
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conferences
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.45%
Tags
management
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.71%
Tags
offering
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-17.46%
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offering
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.74%
Tags
conferences
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.23%
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none
BlackBerry Ltd

NYSE:BB

BB Rankings

BB Stock Data

1.64B
498.07M
1.65%
52.76%
7.98%
Software and Other Prerecorded Compact Disc, Tape, and Record Reproducing
Manufacturing
Link
Canada
Waterloo

About BB

who we are blackberry is a mobile-native software and services company dedicated to securing the enterprise of things. blackberry secure software provides the embedded intelligence for the enterprise of things so that the internet of things can thrive. what we do today’s blackberry is a software company with a standard of security for managing the network of mobile and wearable devices, desktops and laptops, and other endpoints within enterprises. in addition to developing and providing applications, our blackberry secure platform enables enterprises and independent developers to create applications for smartphones, medical devices, connected cars, consumer appliances and industrial machinery, and much more. the result is a secure enterprise of things where enterprise customers can transform their organizations for 360-degree secure mobility and have complete confidence in their endpoint management. blackberry secure applications are showing up in every industry where secure mobile com