| Market Capitalization (Millions $) |
2,610 |
| Shares
Outstanding (Millions) |
600 |
| Employees |
3,325 |
| Revenues (TTM) (Millions $) |
825 |
| Net Income (TTM) (Millions $) |
-552 |
| Cash Flow (TTM) (Millions $) |
-15 |
| Capital Exp. (TTM) (Millions $) |
34 |
Blackberry Limited
The company offers intelligent security software and services to businesses and governments worldwide. The company protects over 500 million endpoints, including over 195 million vehicles. The Company, based in Waterloo, Ontario, uses artificial intelligence ("AI") and machine learning to deliver innovative solutions in the areas of cybersecurity, safety, and data privacy, and is a leader in endpoint security, endpoint management, encryption, and embedded systems.
As the digital transformation of enterprises continues to advance, workforces are becoming more decentralized, mobile and remote, and data and applications are increasingly migrating to the cloud. As part of this trend, the number of connected endpoints is growing rapidly, as is their complexity and the volume of sensitive data that they process and store. These endpoints, which include smartphones, laptops, desktops, servers, vehicles, industrial equipment and other connected devices in the Internet of Things ('IoT'), increasingly operate beyond the traditional network security perimeter and present an expanding attack surface to cyber adversaries.
At the same time, the threat environment for enterprises has become increasingly hostile as the number of adversaries grows and the scale and sophistication of their attacks, increasingly focused on the endpoint, continue to develop. Today's malicious actors are often well-trained and well-funded criminal organizations, state-sponsored agents and international hacking collectives with the capability of employing advanced techniques to penetrate endpoints and encrypt, destroy or exfiltrate data. These groups have been responsible for highly publicized breaches that have exposed personal information and intellectual property, disrupted operations and infrastructure, extracted ransoms and caused significant reputational damage to organizations across a broad range of industries.
Against this backdrop, regulators are enacting new measures to ensure that enterprises are held accountable for their management of cybersecurity risk. In particular, changes to data privacy laws in the United States, Europe and other jurisdictions are compounding the challenges faced by organizations by increasing their responsibilities for securing their data as well as that of their customers.
The Cybersecurity business consists of BlackBerry Spark, BlackBerry' AtHoc', BlackBerry' Alert, BlackBerry' SecuSUITE' and BlackBerry Messenger (BBM') Enterprise.
The Company's core secure software and services offering is its BlackBerry Spark software platform, which integrates a unified endpoint security ('UES') layer with BlackBerry unified endpoint management ('UEM') to enable secure endpoint communications in a zero-trust environment. BlackBerry UES is a set of complementary cybersecurity products offering endpoint protection platform ('EPP'), endpoint detection and response ('EDR'), mobile threat defense ('MTD'), zero-trust network access ('ZTNA') and user and entity behavior analytics ('UEBA') capabilities. The BlackBerry Spark platform is informed by the Company's AI and machine learning capabilities, continuous innovations, professional cybersecurity services and threat research, industry partnerships and academic collaborations. The Company is currently executing on a robust schedule of product launches for BlackBerry Spark to deliver on the Company's extended detection and response ('XDR') strategy, which aims to use security telemetry data from the platform's full range of natively-integrated products and partner solutions to provide deep contextual insights for more powerful and integrated threat detection and response. This comprehensive security strategy for BlackBerry Spark is designed to operate on a single agent across all endpoints, to be administered from a single console, to leverage a single crowd-sourced threat data lake and to be managed in one cloud environment. BlackBerry Spark solutions are available through the BlackBerry' Cyber Suite and the BlackBerry Spark' Unified Endpoint Management Suite, which are also marketed together as the BlackBerry Spark' Suite, offering the Company's most comprehensive range of tailored cybersecurity and endpoint management options.
The BlackBerry Cyber Suite offers leading Cylance' AI and machine learning-based cybersecurity solutions, including: BlackBerry' Protect, an EPP and available MTD solution that uses an automated, prevention-first approach to protect against the execution of malicious code on an endpoint; BlackBerry' Optics, an EDR solution that provides both visibility into and prevention of malicious activity on an endpoint; BlackBerry' Guard, a managed detection and response solution that provides 24/7 threat hunting and monitoring; BlackBerry' Gateway, an AI-empowered ZTNA solution, and BlackBerry' Persona, a UEBA solution that provides continuous authentication by validating user identity in real time. The combined platform features industry-leading threat prevention modules to help organizations cope with the significant growth of cyberattacks. The Company also offers incident response, compromised assessment and containment services to assist clients with forensic analysis, state of existing systems and remediation of attacks. The BlackBerry Cyber Suite natively integrates with BlackBerry' UEM and also works with UEM solutions from other vendors. In fiscal 2023, the Company expects to re-brand the solutions within the BlackBerry Cyber Suite using the Cylance brand name.
The BlackBerry Spark UEM Suite includes the Company's BlackBerry UEM, BlackBerry' Dynamics' and BlackBerry' Workspaces solutions. BlackBerry UEM is a central software component of the Company's secure communications platform, offering a 'single pane of glass', or unified console view, for managing and securing devices, applications, identity, content and endpoints across all leading operating systems. BlackBerry Dynamics offers a best-in-class development platform and secure container for mobile applications, including the Company's own enterprise applications such as BlackBerry' Work and BlackBerry' Connect for secure collaboration.
Company Address: 2200 University Ave East Waterloo 0 ON
Company Phone Number: 888-7465 Stock Exchange / Ticker: NYSE BB
| BB is expected to report next financial results on December 20, 2023. |
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