BlackBerry Reports Third Quarter Fiscal Year 2025 Results
Beats top end of revenue guidance range for both Cybersecurity1 and IoT divisions; raises bottom end of full-year guidance range for IoT Delivers positive adjusted EBITDA1 and adjusted EPS1 above guidance range; GAAP basic EPS improves both sequentially and year-over-year Achieves milestone of positive operating and free cash flow ahead of schedule WATERLOO, ON / ACCESSWIRE / December 19, 2024 / BlackBerry Limited (NYSE:BB)(TSX:BB) today reported financial results for the three months ended November 30, 2024 (all figures in U.S. dollars and U.S. GAAP, except where otherwise indicated). "BlackBerry achieved a significant inflection in its results this past quarter.
BlackBerry to Divest Cylance Asset to Arctic Wolf, Stock Soars 15%
Arctic Wolf will acquire BB's Cylance tool for $160 million in cash and equity, integrating Cylance's capabilities into its AI-driven open XDR Aurora platform.
Why BlackBerry Stock Soared 16% Today
Shares of one-time smartphone leader BlackBerry (BB 13.76%) stock soared 16% through 11:40 a.m. ET Monday morning after the company announced it will sell its Cylance endpoint security assets to private cybersecurity operator Arctic Wolf.
BlackBerry sells Cylance for $160M, a fraction of the $1.4B it paid in 2018
Arctic Wolf has acquired Cylance, BlackBerry's beleaguered cybersecurity business, for $160 million — a significant write-down from the $1.4 billion BlackBerry paid to acquire the company in 2018.
Arctic Wolf and BlackBerry Announce Acquisition Agreement for Cylance
Arctic Wolf to enhance its Security Operations Aurora Platform with best-in-class endpoint prevention, detection, and response WATERLOO, ON and EDEN PRAIRIE, MN / ACCESSWIRE / December 16, 2024 / Arctic Wolf® and BlackBerry Limited (NYSE:BB)(TSX:BB), two global leaders in security software and services, today announced they have entered into a definitive agreement for Arctic Wolf to acquire BlackBerry's Cylance® endpoint security assets. Cylance is the pioneer of AI-based endpoint protection trusted by thousands of organizations around the world.
BlackBerry to Report Q3 Earnings: Here's What Investors Should Know
BB's third-quarter performance is likely to have gained from higher revenues from royalties. Weakness in development seat revenues is a concern.
BlackBerry: Scraping Off The Bottom
BlackBerry Limited's shift to IoT and Cybersecurity shows promise, but the business model lacks excitement despite recent signs of reaching bottom. The upcoming FQ3 results are crucial to prove growth ahead, with the QNX business showing potential but still relatively small. Cybersecurity growth is modest, and the market struggles to grasp BlackBerry's diverse product offerings and investment story.
BlackBerry (BB) Registers a Bigger Fall Than the Market: Important Facts to Note
The latest trading day saw BlackBerry (BB) settling at $2.76, representing a -0.72% change from its previous close.
BlackBerry (BB) Stock Slides as Market Rises: Facts to Know Before You Trade
BlackBerry (BB) closed the most recent trading day at $2.78, moving -1.42% from the previous trading session.
BlackBerry QNX and TTTech Auto Launch New MotionWise Scheduling Solution for QNX 8
Developers can now easily manage complex software workloads using pre-determined runtime scheduling capabilities WATERLOO, ON / ACCESSWIRE / December 10, 2024 / BlackBerry Limited (NYSE:BB)(TSX:BB) and TTTech Auto today announced a solution that addresses the growing complexities automotive developers are facing as the industry doubles down on its push towards Software Defined Vehicles (SDVs). MotionWise Schedule for QNX® Software Development Platform (SDP) 8.0 accelerates software development for automakers building SDVs and helps to enable the safe, real-time execution of applications running on QNX® SDP 8.
BlackBerry to Announce Third Quarter Fiscal Year 2025 Results on December 19, 2024
WATERLOO, ON / ACCESSWIRE / December 5, 2024 / BlackBerry Limited (NYSE:BB)(TSX:BB) will report results for the third quarter of fiscal year 2025 at 5:30 p.m. ET on Thursday, December 19, 2024.
BlackBerry (BB) Stock Slides as Market Rises: Facts to Know Before You Trade
The latest trading day saw BlackBerry (BB) settling at $2.56, representing a -0.39% change from its previous close.
