BlackBerry Partners with TKMS for Submarine Software
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 6 days ago
0mins
Should l Buy BB?
Source: seekingalpha
- Strategic Collaboration: BlackBerry's QNX has secured a partnership with global naval leader TKMS to integrate its General Embedded Development Platform into Canada's future submarine program, showcasing Canadian software expertise in naval defense platforms.
- System Resilience Enhancement: The collaboration aims to boost the resiliency, longevity, and interoperability of future maritime defense systems, ensuring that next-generation naval platforms can meet global standards and undergo continuous upgrades.
- Modular Architecture Transition: Modern naval platforms are transitioning to modular, software-defined architectures, highlighting the importance of Canadian-German technological collaboration to enhance interoperability in allied defense systems and supply chains.
- International Cooperation Outlook: This partnership not only fosters the integration of Canadian and German technologies but also provides robust support for future maritime defense systems, enhancing allied nations' collaborative operational capabilities in defense.
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Analyst Views on BB
Wall Street analysts forecast BB stock price to fall
4 Analyst Rating
1 Buy
3 Hold
0 Sell
Hold
Current: 5.500
Low
4.50
Averages
5.03
High
6.00
Current: 5.500
Low
4.50
Averages
5.03
High
6.00
About BB
BlackBerry Limited is a Canada-based company, which provides enterprises and governments the intelligent software and services. The Company delivers operational resiliency with the certified product portfolio for mobile fortification, mission-critical communications, and critical events management. It operates in three segments: QNX, Secure Communications, and Licensing. The QNX segment consists of the QNX business, BlackBerry Certicom, and BlackBerry Radar. The Secure Communications segment consists of BlackBerry UEM solutions, BlackBerry AtHoc, and BlackBerry SecuSUITE. Its endpoint management platform includes BlackBerry UEM, BlackBerry Dynamics, BlackBerry Workspaces solutions, and BlackBerry Messenger (BBM) Enterprise. The Licensing segment consists of the Company’s intellectual property arrangements and settlement awards. Its BlackBerry Radar is a family of asset monitoring and telematics solutions for the transportation and logistics industry.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Profitability Transformation: BlackBerry has achieved GAAP profitability over the last three quarters, currently trading at 27 times forward earnings, marking a successful transition from a traditional phone manufacturer to a secure communications and IoT software provider, capturing the attention of tech investors.
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- Stock Surge: BlackBerry's stock surged over 13%, with retail sentiment shifting to 'extremely bullish' as message volume soared over 1,500% in 24 hours, reflecting strong market confidence in its AI safety solutions.
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- Escalating Middle East Tensions: Tensions in the Middle East intensified as the U.S. Navy fired on and seized an Iranian ship, raising concerns about upcoming peace talks, which could influence market sentiment and investment decisions.
- Retail Sales Data Expectations: Investors are looking forward to the upcoming March retail sales figures, which are expected to show an overall increase, potentially providing market support amid the backdrop of the Senate Banking Committee's hearing for the Federal Reserve chair nomination.
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- Collaboration with Nvidia: The agreement with graphics giant Nvidia will integrate QNX's operating system with Nvidia's IGX Thor computer, aimed at advancing edge computing and artificial intelligence, thereby reinforcing QNX's reputation for highly reliable technology solutions.
- Leapmotor's Selection: Chinese EV manufacturer Leapmotor has chosen QNX as a key software solutions provider for its D19 electric SUV, highlighting the critical application of QNX technology in the EV sector, with production expected to commence this month.
- Positive Market Reaction: Although BlackBerry did not disclose financial details of either deal, the enthusiastic investor response suggests that these agreements will create significant market opportunities for QNX, further enhancing its competitiveness in the smart driving and electric vehicle markets.
See More
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- Collaboration with Nvidia: The agreement with graphics giant Nvidia will integrate BlackBerry's QNX operating system with Nvidia's IGX Thor computer, advancing edge computing and artificial intelligence, thereby enhancing BlackBerry's technological strength in the smart driving sector.
- Leapmotor's Selection: Chinese electric vehicle company Leapmotor has chosen QNX as the key software solutions provider for its D19 electric SUV, marking BlackBerry's further penetration into the EV market, with production of the model set to begin this month.
- Enhanced Reputation: Although financial details of the deals were not disclosed, they significantly bolster QNX's reputation as a developer of reliable and flexible technology solutions, further solidifying BlackBerry's market position in the IoT sector.
See More
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- Volume Spike: Trading volume reached 55.1 million shares, approximately 497% above the three-month average, reflecting investor interest in BlackBerry's prospects in the security and IoT software sectors.
- Revenue Growth Potential: BlackBerry's QNX operating systems are already industry leaders in the automotive sector, and the partnership with Nvidia is expected to expand into regulated environments like autonomous mobile robots and medical imaging, driving annual sales and backlog growth rates of 10% and 23%, respectively.
- Profitability Recovery: BlackBerry has achieved GAAP profitability over the last three quarters, with a current P/E ratio of 27, showcasing a successful transformation from a traditional phone manufacturer to a software service provider, attracting attention from tech investors.
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