Blackberry Stock Price, News & Analysis

BlackBerry Limited (NYSE: BB) will participate in the Scotiabank TMT Conference on March 8, 2022, at 12:30pm ET. Presenters include Vito Giallorenzo and Tim Foote, who will discuss the company's technology and strategy. The event will be live-streamed, with registration available on BlackBerry's investor website starting March 7, 2022. BlackBerry provides intelligent security solutions for over 500 million endpoints, including more than 195 million vehicles, utilizing AI for cybersecurity and data privacy.

BlackBerry Limited (NYSE: BB) announced an equity inducement award for John Giamatteo, President of its Cybersecurity unit. The award comprises 800,425 restricted share units (RSUs) as an incentive for joining the company, with varying vesting schedules. Time-based RSUs will vest on three anniversaries starting January 3, 2022, while performance-based RSUs will vest on January 3, 2025, subject to conditions. Termination scenarios affecting RSUs are outlined, ensuring some RSUs vest upon certain events. BlackBerry focuses on intelligent security solutions across various sectors.

BlackBerry Limited (NYSE: BB; TSX: BB) announced that its BlackBerry Protect and Optics products received the maximum AAA rating for the second consecutive year from SE Labs' Enterprise Advanced Security Test. The evaluation highlighted its AI-driven endpoint protection (EPP) and endpoint detection and response (EDR) solutions, which demonstrated full coverage against various cyber threats. BlackBerry achieved 100% protection accuracy against advanced persistent threats (APTs). This recognition follows previous accolades for BlackBerry’s cybersecurity offerings, reaffirming its commitment to securing endpoints effectively.

BlackBerry Limited (NYSE: BB) revealed findings from its 2022 Annual Threat Report, emphasizing a rise in cyberattacks targeting small to mid-sized businesses. The report highlights small businesses facing up to 11 cyberthreats daily and the trend of outsourcing among cybercriminals, which contributed to significant ransomware incidents. Additionally, it points out that public cloud platforms are increasingly being used to host malware. The report calls for a stronger adoption of Zero Trust security practices across sectors to mitigate these evolving threats.

Tech+IP acted as BlackBerry's exclusive advisor in a significant US$ 600 million transaction involving the sale of over 35,000 patents and related assets. This deal, considered the largest of its type, includes firms such as Catapult Innovations and Third Eye Capital. Tech+IP expressed that this transaction underscores the value of R&D investments and aims to enhance BlackBerry's core business and shareholder value. Previous advisory roles by Tech+IP for BlackBerry include the sale of its Paratek Antenna assets in 2020 and a $940 million arbitration against Qualcomm.

BlackBerry Limited (NYSE: BB; TSX: BB) announced a patent sale agreement with Catapult IP Innovations Inc. for $600 million. This deal involves the sale of non-core patent assets, excluding those vital to BlackBerry's operations. The company will receive $450 million in cash and a $150 million promissory note, payable over five years. The completion of the transaction requires regulatory approvals, which may take up to 210 days. BlackBerry intends to continue its core business without disruption, as customers will not be affected by this transaction.

BlackBerry Limited (NYSE: BB) announced that its QNX® OS for Safety has been selected by Critical Software to enhance safety in Portugal's national rail system. The partnership aims to improve safety measures by implementing a railway protection system that performs supervision for maintenance vehicles, ensuring speed compliance and preventing dangerous scenarios. The pre-certified QNX OS meets stringent safety standards, including ISO 26262 and IEC 61508. This collaboration underscores BlackBerry's commitment to developing secure, reliable solutions across various industries.

BlackBerry Limited (NYSE: BB; TSX: BB) and the University of Waterloo have launched the Water Innovation Challenge, inviting proposals that apply BlackBerry technologies to address global water challenges. This initiative, open from January 10 to February 24, 2022, aims to enhance water security and resilience under the United Nations Sustainable Development Goals. The challenge focuses on cybersecurity in water systems and Internet of Things (IoT) solutions, fostering collaboration in research and technological innovation.

BlackBerry Limited (NYSE: BB) announces a strategic partnership with PATEO, a leading IoV provider in China, to integrate BlackBerry IVY™ into PATEO's Digital Cockpit solution. This collaboration aims to develop innovative, data-driven in-vehicle services and enhance business opportunities in the Chinese electric vehicle market. A pilot project will involve a major Chinese automotive manufacturer, with plans to incorporate advanced AI software from Electra Vehicles. BlackBerry's suite will be showcased at CES in Las Vegas from January 5-8, 2022.