Blackberry Stock Price, News & Analysis

BlackBerry Limited (NYSE:BB) announced key management changes to enhance its operations. Tom Eacobacci has been promoted to President and COO, also taking on the role of Acting General Manager of the Cyber Security unit. Mattias Eriksson has been appointed as President of the new IoT business unit, effective May 3. The company's focus for fiscal year 2022 is on Software and Services growth, particularly in the Cyber Security and IoT markets, where it aims to leverage its technology to create shareholder value.

BlackBerry Limited and IBM announced a new partnership to enhance security and productivity solutions in Canada. IBM will resell BlackBerry's BlackBerry Spark platform, aimed at enterprises and government organizations. This collaboration aims to address critical business challenges and support digital transformation in a landscape where security and efficiency are paramount. BlackBerry secures over 500 million endpoints globally, including 175 million vehicles, leveraging AI and machine learning for cybersecurity solutions.

BlackBerry Limited (NYSE: BB; TSX: BB) has been chosen by the Government of Canada to address their secure productivity and communications requirements. This selection includes a multi-year agreement through Shared Services Canada, granting public servants access to BlackBerry Spark® unified endpoint management (UEM) and BlackBerry SecuSUITE®. BlackBerry, recognized for its trusted technology, aims to enhance the digital services provided to Canadians. The partnership emphasizes BlackBerry's ongoing role in Canada's digital transformation strategy.

On April 7, 2021, BlackBerry Limited (NYSE: BB) announced that Volvo Group has selected its QNX software as the foundational platform for over 300,000 heavy vehicles annually. This partnership aims to enhance the electronic architecture of future vehicles, supporting advanced features like electrification and autonomous driving. The QNX OS and Hypervisor are certified to the highest safety standards, including ISO 26262:2018 ASIL D. BlackBerry QNX currently powers 68% of the electric vehicle market and is integrated in over 175 million vehicles worldwide.

BlackBerry Limited reported its fourth-quarter fiscal 2021 results, noting non-GAAP revenue of $215 million and GAAP revenue of $210 million. Despite negotiations affecting licensing revenue, non-GAAP earnings per share stood at $0.03, while GAAP reported a loss of $0.56 per share largely due to non-cash adjustments. For the full fiscal year, non-GAAP revenue reached $919 million. BlackBerry achieved significant design wins in the electric vehicle sector, with QNX now partnered with 23 of the top 25 OEMs. The company plans to provide further outlook for fiscal year 2022 in an upcoming earnings call.

BlackBerry Limited (NYSE: BB) has partnered with Scania AB to integrate BlackBerry QNX software into its next-generation heavy vehicles. Scania will utilize BlackBerry's safety-certified OS and hypervisor in three Electronic Control Units, including the digital cockpit and telematics. This collaboration aims to enhance software safety and efficiency for truck operations. BlackBerry QNX is already trusted in over 175 million vehicles worldwide and adheres to several safety standards, showcasing its reliability in the automotive sector.

BlackBerry Limited (NYSE: BB; TSX: BB) has launched the BlackBerry IVY Innovation Fund to accelerate innovation in the automotive ecosystem. This fund aims to invest up to $50 million in startups creating data-driven solutions leveraging the BlackBerry IVY platform. Additionally, portfolio companies will receive access to $100,000 in AWS credits. BlackBerry IVY, developed in collaboration with AWS, enables automakers to extract actionable insights from vehicle data, enhancing user experiences. This initiative reflects BlackBerry's commitment to evolving the automotive industry through advanced technology.

BlackBerry Limited (NYSE: BB) will report its fourth quarter and fiscal year 2021 results on March 30, 2021, at 5:30 p.m. ET. Investors can join the conference call by dialing +1 (877) 682-6267 or streaming live at BlackBerry.com/Investors. A replay will be available shortly after at 8:30 p.m. ET. The company also provided target dates for earnings announcements for fiscal year 2022. BlackBerry secures over 500 million endpoints, including 175 million vehicles, focusing on intelligent security solutions.

BlackBerry Limited (NYSE: BB; TSX: BB) announced the launch of BlackBerry Alert, a new critical event management solution aimed at helping companies manage crises effectively. Available as a SaaS or managed service, it centralizes critical event management to improve situational awareness and operational resilience. BlackBerry's experience with public sector CEM solutions enhances this product's credibility. The system integrates with platforms like Microsoft Teams, allowing for efficient crisis response. The solution addresses the increased need for robust management strategies amidst rising cybersecurity threats and other disruptions.