BlackBerry Limited
BBBlackBerry 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
The Automotive Hypervisor Market is projected to grow from $171 million in 2022 to $566 million by 2027, with a 27.0% CAGR, driven by increasing demand for ECU consolidation and advanced automotive safety features.
The cybersecurity landscape is evolving with quantum computing threats, prompting companies to develop quantum-safe encryption solutions and secure communication platforms to protect against emerging cyber risks.
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.
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.
