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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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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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BlackBerry launched CylanceMDR, a Managed Detection & Response solution combining expert security analysts with AI technology, offering three packages for comprehensive cybersecurity protection. The solution includes hands-on onboarding, threat hunting, incident response, and a $1 million guarantee for eligible customers.

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BlackBerry has introduced Cylance Assistant, a generative AI cybersecurity advisor aimed at enhancing organizations' decision-making and threat detection capabilities. This tool provides fast, expert guidance to security analysts, simplifies complex cybersecurity issues, and empowers security teams to outmaneuver sophisticated threat actors. Cylance Assistant leverages the power of Cylance AI to deliver on-demand insights and recommendations, helping organizations fortify their cyber resilience without incurring additional costs.

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ETAS GmbH and BlackBerry QNX have entered into a partnership to sell software solutions for next-generation software-defined vehicles, focusing on safety-critical functions. The collaboration aims to provide pre-integrated software leveraging ETAS middleware RTA-VRTE based on AUTOSAR Adaptive and the QNX Operating System, along with cybersecurity solutions in compliance with industry standards. This partnership will enable automakers and suppliers to develop high-performance and safe vehicle computer/domain controller ECUs, enhancing safety, security, and innovation in the automotive industry.
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BlackBerry collaborates with AMD to revolutionize the robotics industry by enhancing real-time performance, precision, reliability, and scalability. The partnership aims to deliver affordable and powerful platforms that offer 'hard' real-time capabilities for robotic systems in industrial and healthcare sectors.
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BlackBerry (BB) reports year-over-year revenue growth in IoT and Cybersecurity divisions, with record revenue quarter and QNX royalty backlog of $815 million. Operating cash usage improves, aiming for cashflow and adjusted EBITDA positive for FY25. Non-GAAP earnings per share surpass expectations.
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BlackBerry inaugurates a cutting-edge Cybersecurity Center of Excellence in Kuala Lumpur, Malaysia, as part of a strategic partnership with the Government of Malaysia to bolster cybersecurity capabilities in the Indo-Pacific region. The launch of the new center, along with the introduction of the BlackBerry Cybersecurity Curriculum, aims to address the shortage of cybersecurity professionals in Malaysia and enhance regional cyber resilience.
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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

BB Rankings

BB Stock Data

1.63B
511.31M
1.67%
53.19%
8.12%
Software and Other Prerecorded Compact Disc, Tape, and Record Reproducing
Manufacturing
Link
United States of America
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