BlackBerry Limited (BB)
BlackBerry Limited is a technology company historically known for its innovative smartphones and secure communication solutions. Originally a leading provider of mobile phones, the company has transitioned to focus on enterprise cybersecurity, threat intelligence, and embedded software for various industries, including automotive and IoT.
Company News
BlackBerry has transitioned from smartphones to IoT and cybersecurity software, facing challenges in growth and market competition. Despite potential gains in automotive and security segments, the company's revenue and valuation remain uncertain.
Carahsoft Technology Corp. announced that over 60 technology vendor partners have made significant progress in Federal cloud security certifications, achieving 89 FedRAMP milestones including 39 full authorizations, 26 in-process designations, and 24 Ready certifications.
BlackBerry QNX has unveiled a Functional Safety platform for advanced robotics, which integrates robotic and safety controls to enhance efficiency and safety.
Smith Micro Software reported a wider-than-expected Q2 2024 loss, with revenues declining 50.5% year-over-year due to lower sales across various segments. The company expects Q3 CommSuite sales to increase marginally, but overall performance remains weak.
