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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.

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QNX, a division of BlackBerry (NYSE: BB; TSX:BB), has announced the launch of QNX® Containers, expanding its trusted software portfolio to support OS virtualization and containerization on QNX-based devices. This new offering provides a standards-based environment for deploying, executing, and managing container technology, combining the benefits of containerization with QNX's safety, security, and reliability.

Key features include:

  • Compliance with Open Container Initiative (OCI)
  • Support for Kubernetes toolchains and Docker repositories
  • Coexistence with QNX® Hypervisor environment
  • Built according to ISO 21434 security processes
  • Designed for functional safety certification

QNX Containers is expected to be available in Q4, 2024, offering customers a solution that doesn't compromise on RTOS choice while enabling containerization strategies.

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BlackBerry (NYSE: BB; TSX: BB) has launched CylanceMDR Pro, an advanced managed detection and response service built on an Open XDR platform powered by AI. This solution addresses the challenges faced by security teams dealing with sophisticated cyber threats and resources. CylanceMDR Pro integrates seamlessly with existing security tools, offering comprehensive visibility across IT infrastructure without the need for replacement.

Key features include:

  • Over 300 platform integrations
  • AI-driven approach for enhanced threat detection
  • Compatibility with existing security tooling
  • Unified threat detection across endpoints, networks, cloud, and more

The service will be available from July 31, 2024, aiming to provide businesses with improved cybersecurity posture and peace of mind.

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BlackBerry reported its financial results for Q1 FY2025, ending May 31, 2024. The company exceeded revenue guidance for both its IoT and Cybersecurity divisions, with IoT revenue growing 18% year-over-year to $53 million and Cybersecurity revenue reaching $85 million. BlackBerry's total revenue was $144 million, and the company's gross margin stood at 67%. Non-GAAP operating loss was $12 million and GAAP operating loss was $39 million. Non-GAAP EPS was a loss of $0.03, beating guidance, while GAAP EPS was a loss of $0.07. Adjusted EBITDA was negative $7 million. The company made strides towards operational separation of its IoT and Cybersecurity businesses and aims to be profitable on a non-GAAP basis by Q4 FY2025. Additionally, BlackBerry partnered with ETAS, collaborated with AMD, and launched new cybersecurity solutions including CylanceMDR™ and Cylance Assistant. The company provided Q2 FY2025 guidance with total revenue between $136-$144 million and full fiscal year 2025 guidance between $586-$616 million.

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BlackBerry (NYSE: BB; TSX: BB) announced the election results for its Board of Directors following the annual and special meeting of shareholders held on June 25, 2024. Seven nominees, as listed in the company's proxy circular from May 3, 2024, were elected to serve until the next annual meeting or until successors are appointed. Detailed voting results indicate strong shareholder support for the nominees:

Philip Brace: 85.23% for, 14.77% withheld

Michael A. Daniels: 71.18% for, 28.82% withheld

Lisa Disbrow: 93.84% for, 6.16% withheld

John J. Giamatteo: 93.90% for, 6.10% withheld

Richard Lynch: 90.27% for, 9.73% withheld

Lori O'Neill: 95.12% for, 4.88% withheld

Wayne Wouters: 92.38% for, 7.62% withheld.

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BlackBerry's latest Global Threat Intelligence Report reveals a significant rise in cyberattacks, with 3.1 million attacks detected and stopped in Q1 2024. This marks a 40% increase in new malware compared to the previous period, with 5.2 attacks detected per minute. Critical infrastructure sectors, particularly financial services, were heavily targeted. Notably, 82% of attacks were directed at the U.S., with 54% involving previously unseen malware. Commercial enterprises also saw a rise in threats, particularly through social engineering tactics. The report underscores the rapid weaponization of CVEs and highlights the ongoing threat from ransomware groups like LockBit, Hunters International, and 8Base.

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BlackBerry will hold its Annual General and Special Meeting (AGM) virtually on June 25, 2024, at 1:00 pm ET. The event includes a live audio webcast and voting platform accessible at https://web.lumiagm.com/411599049. Registered shareholders and duly appointed proxyholders can vote during the AGM. Non-registered shareholders must appoint themselves as proxyholders by delivering a form of proxy and registering online with Computershare Investor Services before 2:00 pm ET on June 21, 2024. Those without a control number or proxy cannot vote but may join as guests. Further details are available at BlackBerry.com/Investors/UserGuide, and a replay will be provided at BlackBerry.com/Investors.

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BlackBerry (NYSE: BB; TSX: BB) is set to announce its first quarter fiscal year 2025 results on June 26, 2024, at 5:30 p.m. ET. The earnings call will be accessible via live webcast on the company's investor webpage or by dialing in. A playback will be available at 8:30 p.m. ET on the same day. The company also provided tentative dates for the remaining quarterly earnings for fiscal year 2025: Q2 earnings on September 26, Q3 on December 19, and Q4 on March 26, 2025. These dates are subject to confirmation via future press releases.

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BlackBerry's recent study reveals that over 75% of software supply chains faced cyberattacks in the past year. Conducted in April 2024, the survey involved 1,000 senior IT and cybersecurity leaders. Findings indicate that 51% of companies could recover from breaches within a week, a slight drop from two years ago, while 40% took a month to recover, an increase from before. Notably, 74% of the attacks occurred through unmonitored or unknown supply chain members. Despite measures like data encryption and multi-factor authentication, companies still suffered financial, data, reputational, and operational impacts. Confidence in supply chain cybersecurity remains high, with 68% of respondents trusting their suppliers' vulnerability management. However, challenges such as lack of technical understanding and visibility hinder regular software inventories. Additionally, while 78% track the impact on end users, only 65% inform their customers due to reputation concerns and resource constraints.

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BlackBerry (NYSE: BB, TSX: BB) has been recognized as a Customers' Choice in the 2024 Gartner Peer Insights 'Voice of the Customer' for Unified Endpoint Management (UEM) Tools. This marks the second consecutive year that BlackBerry has received this accolade.

The recognition is based on customer reviews evaluating BlackBerry UEM's Product Capabilities, Deployment Experience, and Support Experience, where it achieved an average rating of 4.5 out of 5 from 72 reviews. Notable reviews praised its ability to manage both corporate and personal devices, its wide array of functionalities, and excellent customer support.

This follows BlackBerry's continued leadership in the UEM market, as highlighted by Omdia's recent 'Universe' report. BlackBerry UEM is used by governments and enterprises globally and is compatible with iOS, Android, Windows, and Mac devices.

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BlackBerry announced the results of a study by The Tolly Group, showing that their CylanceENDPOINT solution outperformed competitors in blocking attacks with minimal system impact. The testing revealed higher detection rates and lower CPU utilization compared to other AI models. BlackBerry emphasized the importance of objective testing for proactive defense against increasing cyber threats.

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FAQ

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.

BlackBerry Limited

NYSE:BB

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BB Stock Data

1.43B
590.17M
1.68%
58.07%
8.81%
Software and Other Prerecorded Compact Disc, Tape, and Record Reproducing
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United States of America
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