Blackberry Stock Price, News & Analysis

BlackBerry Limited (NYSE: BB) announced its participation in several virtual investor conferences in January 2022. Notable events include the J.P. Morgan 20th Annual Tech/Auto Forum on January 5, where CEO John Chen will discuss BlackBerry's market position. On January 6, a demonstration of BlackBerry IVY will be presented by Mattias Eriksson, followed by a Q&A. The 24th Annual Needham Virtual Growth Conference on January 11 will cover BlackBerry's cybersecurity solutions. Live streams and replays will be available on BlackBerry's investor website.

BlackBerry Limited (NYSE: BB; TSX: BB) reported Q3 fiscal 2022 revenues of $184 million, exceeding expectations. The company experienced growth in both the IoT and Cybersecurity sectors, with IoT revenue at $43 million and gross margins of 81%, while Cybersecurity brought in $128 million with gross margins of 59%. Despite a non-GAAP operating loss of $24 million, GAAP operating profit stood at $51 million. The company has a strong cash position of $772 million in total investments, with net cash of $407 million.

BlackBerry Limited (NYSE: BB; TSX: BB) has unveiled an upgraded managed extended detection and response (XDR) service through a partnership with Exabeam, enhancing its BlackBerry Guard offering. This new solution combines various BlackBerry security products with Exabeam's analytics and automation tools, enabling real-time threat detection and response. The new service aims to fill the skills gap in cybersecurity, particularly for organizations in hybrid work environments. BlackBerry guards over 500M endpoints, delivering continuous monitoring and compliance support.

BlackBerry Limited (NYSE: BB) has announced a multi-year agreement with BMW Group to develop SAE Level 2/2+ driving automation functions across various vehicle models. This collaboration includes licensing BlackBerry's QNX® technology and deploying a dedicated engineering team to support development. BlackBerry's QNX technology is already in use with 45 OEMs and over 195 million vehicles globally, underscoring its leadership in safety-certified embedded software. The partnership aims to enhance vehicle safety and deliver innovative driving experiences for BMW customers.

BlackBerry Limited (NYSE: BB) has achieved carbon neutrality across Scope 1, Scope 2, and material Scope 3 emissions. The company has removed carbon from the atmosphere through investments in carbon removal initiatives. Notable actions include an 88% reduction in emissions since 2013, a partnership with Restore the Earth Foundation for reforestation, and advanced wastewater technology investments. BlackBerry's commitment to sustainability reflects its strategy to enhance its cloud-based solutions to help customers reduce their carbon footprints.

BlackBerry Limited (NYSE: BB; TSX: BB) will announce its third-quarter results for fiscal year 2022 on December 21, 2021, at 5:30 p.m. ET. The conference call can be accessed by dialing +1 (877) 682-6267 or via live stream on the company's investor relations website. A replay will be available later the same day. Additionally, BlackBerry has released tentative dates for upcoming earnings announcements through fiscal year 2023, aimed at maintaining transparency with investors.

BlackBerry Limited (NYSE: BB) and L-SPARK have launched the third phase of their accelerator program aimed at fostering Canadian tech companies in the connected vehicle sector. This initiative will provide selected small and medium-sized enterprises (SMEs) with access to BlackBerry IVY, a cloud-connected software platform for leveraging in-vehicle data to enhance driver and passenger experiences. Applications are open until March 7, 2022, with up to six companies being selected for the cohort.

BlackBerry Limited (NYSE: BB) has been awarded the title of best new endpoint security offering for 2021 by SE Labs. This recognition highlights the company’s innovative Cylance AI/ML models, which have analyzed over 1.4 trillion files with a 100% efficacy rate against recent malware attacks. Billy Ho, EVP of BlackBerry Spark Group Products, noted their solutions prioritize prevention, adapting to evolving cyber threats. The award reflects BlackBerry's strong performance in real-world testing, marking a significant milestone in their cybersecurity advancements.

BlackBerry Limited (NYSE: BB) and Mahindra & Mahindra Ltd. have announced the mass production of the Cockpit Domain Controller (CDC) powered by BlackBerry's QNX technology for the new XUV700 SUV. This collaboration enhances the driving experience with advanced infotainment and driver assistance systems, increasing BlackBerry's presence in India's automotive market. With QNX in production across 45 OEMs and 195 million vehicles worldwide, this partnership positions M&M Ltd. to lead in the software-driven vehicle sector, emphasizing safety, security, and innovative design.