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TSP:BB, Sep 30, 02:25 UTC

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Thursday, September 24


News

BlackBerry (BB) Has Fallen 14% in Last One Year, Underperforms Market

BB

{{monthName}} {{day}}, {{year}}, {{hour12}}:{{minuteTwoDigit}} {{dayPeriod}}. If you are looking for the best ideas for your portfolio you may want to consider some of Spree Capital Advisers top stock picks. "Most know of BlackBerry (formerly Research in Motion) as the inventor of the smartphone. Some may know of BlackBerry as a value trap that has not appreciated in over 5 years. Some may also know that BlackBerry has recently finished a transition from a handheld device company to a software and services business. Second, we believe that BlackBerry’s acquisition of Cylance, a provider of advanced cyber security products, represents a 1+1=3 opportunity for revenue and earnings growth. As Cylance products are embedded into the BlackBerry portfolio beginning in 2H19, the cross-selling opportunities of the entire BlackBerry platform to Cylance’s small-medium business customers, and to BlackBerry’s large enterprise customers, creates upside that is not reflected in current market estimates. In Q1 2020, the number of bullish hedge fund positions on Blackberry Ltd (NYSE:BB) stock decreased by about 19% from the previous quarter (see the chart here), so a number of other hedge fund managers don't seem to agree with Blackberry's growth potential.

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BlackBerry Limited

BB

(MENAFN - Baystreet.ca) 09:48 AM EST - BlackBerry Limited : Reported financial results for the three months ended August 31, 2020 (all figures in U.S. dollars and U.S. GAAP, except where otherwise indicated). Total company non-GAAP revenue for the second quarter of fiscal 2021 was $266 million . Non-GAAP earnings per share was $0.11 (basic and diluted). We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.

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BlackBerry's (BB) Q2 Earnings & Revenues Beat Estimates

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BlackBerry Limited BB reported solid second-quarter fiscal 2021 (ended Aug 31, 2020) results, with the top and the bottom lines beating the respective Zacks Consensus Estimate.QNX design wins and major cybersecurity partnerships bode well. This was primarily driven by strong demand for BlackBerry’s ‘Work from Anywhere’ solutions, which remains a major driver for the Spark business.Non-GAAP revenues inched up 1.9% year over year to $266 million. In the first six months of fiscal 2021, BlackBerry did not generate any cash from operating activities compared with a cash utilization of $47 million in the year-ago period. As of Aug 31, 2020, the company had $837 million in cash and equivalents with $106 million of operating lease liabilities. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Turtle Beach delivered a trailing four-quarter positive earnings surprise of 41%, on average.Vocera delivered a trailing four-quarter positive earnings surprise of 70%, on average.

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BlackBerry reports second-quarter loss, revenue up from year ago

BB

BlackBerry reports second-quarter loss, revenue up from year ago. — BlackBerry Ltd. reported a loss of US$23 million in its latest quarter as its revenue grew six per cent compared with a year ago. The security software and services company, which keeps its books in U.S. dollars, says the loss amounted to four cents per diluted share for the quarter ended Aug. 31. Revenue for what was the company's second quarter totalled US$259 million, up from US$244 million in the same quarter last year and US$206 million in its first quarter.

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BlackBerry quarterly revenue beats on higher demand for security, car software

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BlackBerry quarterly revenue beats on higher demand for security, car software. (Reuters) - BlackBerry Ltd's <BB.TO> <BB.N> quarterly revenue topped Wall Street estimates on Thursday, rising nearly 6%, as demand for the Canadian company's security software suite, Spark, and its QNX car software rose. U.S.-listed shares of BlackBerry, which sells security software to companies and governments as well as infotainment software to carmakers, soared about 8% premarket. Total revenue for the second quarter ended Aug. 31 was $259 million, higher than analysts' estimates of $237.03 million (186 million pounds), according IBES data from Refinitiv.

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BlackBerry posts surprise revenue rise on higher software, licensing demand

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(Reuters) - Canada's BlackBerry Ltd posted a surprise 6% rise in quarterly revenue on Thursday, as sales of its security software product rose and its patent licensing business strengthened. U.S.-listed shares of BlackBerry, which sells security software to companies and governments as well as infotainment software to carmakers, rose 6% in early morning trade. BlackBerry's QNX car software sales, which had been under pressure due to a pandemic-related weakness in the U.S. auto industry, also improved in the quarter. "Some signs of recovery in auto production point to sequential revenue growth and a return to a normal run rate for QNX by early next year," Chief Executive John Chen said in a statement.

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Recap: BlackBerry Q2 Earnings

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Shares of BlackBerry (NYSE:BB) rose 10% in pre-market trading after the company reported Q2 results. Earnings per share were up 0.00% over the past year to $0.11, which beat the estimate of $0.02. Revenue of $266,000,000 higher by 1.92% year over year, which beat the estimate of $237,950,000. BlackBerry hasn't issued any revenue guidance for the time being. How To Listen To The Conference Call.

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Wednesday, September 23


News

BlackBerry introduces BlackBerry AtHoc Public Safety edition

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"The solution can be deployed quickly to enable the most secure real-time information notifications to the community, so that people can make informed and safety-critical decisions in times of crisis." Aptly named BlackBerry AtHoc Public Safety edition, the Software as a service runs from certified secure cloud instances United States, Canada, United Kingdom, France, and the Netherlands and is available at fixed cost pricing based on size, which helps make it a secure, and cost-effective solution. WATERLOO, ON, Sept. 23, 2020 /PRNewswire/ -- BlackBerry Limited (NYSE: BB; TSX: BB) today announced the BlackBerry AtHoc Public Safety edition, providing local governments and universities proven capabilities to deliver critical communications directly to the public in an accurate, secure and trusted manner. As part of their critical event management programs, BlackBerry AtHoc Public Safety edition enables public leaders to rapidly disseminate critical information to everyone in an affected area to keep their communities informed and safe. Designed for the diverse population needs of local governments and universities, the SaaS offering operates from a certified secure cloud, can be up and running quickly, provides ADA 508 accessibility compliance and multiple language support and can connect into the notification networks of other organizations with a public safety mission.

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BlackBerry AtHoc Public Safety Edition Provides Local Governments and Universities Ability to Securely Communicate Critical Information Directly to their Community

BB

WATERLOO, ON, Sept. 23, 2020 /CNW/ -- BlackBerry Limited (NYSE: BB; TSX: BB) today announced the BlackBerry® AtHoc® Public Safety edition, providing local governments and universities proven capabilities to deliver critical communications directly to the public in an accurate, secure and trusted manner. As part of their critical event management programs, BlackBerry AtHoc Public Safety edition enables public leaders to rapidly disseminate critical information to everyone in an affected area to keep their communities informed and safe. BlackBerry has supported local governments through crises including earthquakes in Latin America, hurricanes on the Gulf Coast, tornadoes in the Great Plains and wildfires on the West Coast. BlackBerry AtHoc can bridge the gap between employees, the public, and essential services when critical information needs to be delivered quickly and reliably. Designed for the diverse population needs of local governments and universities, the SaaS offering operates from a certified secure cloud, can be up and running quickly, provides ADA 508 accessibility compliance and multiple language support and can connect into the notification networks of other organizations with a public safety mission.

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$15.7 Billion Mobile Device Management Market - Global Forecast to 2025 with Use Cases from IBM, Blackberry, Microsoft, 42Gears Mobility Systems and Soti

BB IBM +3 more BB IBM GOOG GOOGL MSFT

DUBLIN, Sept. 23, 2020 /PRNewswire/ -- The "Mobile Device Management Market by Component (Solutions and Services), Deployment (Cloud and On-Premises), Organization Size (Large Enterprises and SMEs), Operating System, Vertical (BFSI, Telecom, Healthcare), and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering. The increasing use of mobile devices such as smartphones, tablets, and smart wearables in workplaces has propelled enterprises to effectively manage content that is accessed from these devices. The increasing mobile workforce and adoption of BYOD programs within enterprises to improve their workforce productivity, thus allowing employees to work from anywhere, at any time, and using any device to access corporate data on the go has boosted the demand for MDM solutions. Large enterprises are already leveraging the capabilities of MDM solutions to power their business operations and improve employees' productivity, which helps them concentrate more on different business areas and drive higher business revenue.

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