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's stock fell over 5% after TD Cowen analyst Daniel Chan resumed coverage with a neutral recommendation and $5 price target, citing concerns about recent stock price appreciation despite potential business pivot opportunities.
Multiple stocks saw significant gains on Friday, with Crinetics Pharmaceuticals leading the pack after FDA approval, while other companies like BlackBerry, Perpetua Resources, and Scholar Rock also experienced notable stock price increases.
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.
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.
