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Get Ready for Short Squeezes to Take Small-Cap Stocks Higher
InvestorPlace· 2024-02-26 17:17
As I pointed out in a previous column, the Street has become significantly less fearful of small-cap stocks and medium-cap stocks than in 2022 and the first 10 months of 2023. Still, those equities continue to meaningfully outperform their large-cap peers. Over the longer term, however, the bears driving the small-cap and mid-cap names down through short selling will likely give up their efforts, enabling many of those stocks to undergo huge short-covering rallies. Additionally, rate cuts by the Federal Res ...
BlackBerry and SANS Institute Partner to Bolster Cybersecurity Skills in Malaysia
Prnewswire· 2024-02-22 01:00
The New BlackBerry Cybersecurity Center of Excellence (CCoE) will offer SANS training courses to help grow and upskill cyber workforces across the country and the Indo-Pacific region KUALA LUMPUR, Malaysia, Feb. 21, 2024 /PRNewswire/ -- BlackBerry Limited (NYSE: BB; TSX: BB) and the SANS Institute (SANS) today announced a new partnership in Malaysia, offering SANS training courses through the soon-to-be-opened BlackBerry Cybersecurity Center of Excellence (CCoE) in Kuala Lumpur. In an effort to help bolster ...
BlackBerry Limited (BB) Wolfe Research Global Auto and Auto Tech Conference (Transcript)
2024-02-16 01:20
BlackBerry Limited (NYSE:BB) Wolfe Research Global Auto and Auto Tech Conference February 15, 2024 2:15 PM ET Company Participants John Wall - SVP and Co-Head, BlackBerry Technology Solutions Tim Foote - Head of IR Conference Call Participants Shreyas Patil - Wolfe Research Shreyas Patil Yes, BlackBerry here. So just - so BlackBerry $624 million company founded in 1980s and it has become a leading intelligence security software and service provider to businesses all around the world. Our focus today is goin ...
BlackBerry Limited (BB) Wolfe Research Global Auto and Auto Tech Conference (Transcript)
Seeking Alpha· 2024-02-16 01:20
BlackBerry Limited (NYSE:BB) Wolfe Research Global Auto and Auto Tech Conference February 15, 2024 2:15 PM ET Company Participants John Wall - SVP and Co-Head, BlackBerry Technology Solutions Tim Foote - Head of IR Conference Call Participants Shreyas Patil - Wolfe Research Shreyas Patil Yes, BlackBerry here. So just - so BlackBerry $624 million company founded in 1980s and it has become a leading intelligence security software and service provider to businesses all around the world. Our focus today is goin ...
BlackBerry Completes Repayment of $150 Million Extendable Debentures
Prnewswire· 2024-02-15 22:05
WATERLOO, ON, Feb. 15, 2024 /PRNewswire/ -- BlackBerry Limited (NYSE: BB; TSX: BB) today announced the full repayment of all principal and interest amounts outstanding under its 1.75% extendable convertible unsecured debentures due on February 15, 2024. About BlackBerry BlackBerry (NYSE: BB; TSX: BB) provides intelligent security software and services to enterprises and governments around the world. The company's software powers over 235M vehicles. Based in Waterloo, Ontario, the company leverages AI and ma ...
BlackBerry is first MDM vendor to receive BSI clearance for BlackBerry UEM Brightsite usage with Apple iNDIGO
Prnewswire· 2024-02-14 07:00
MUNICH, Feb. 14, 2024 /PRNewswire/ -- BlackBerry Limited today announced it is the first vendor to be cleared by the German Federal Office for Information Security, BSI, certification program for the use of BlackBerry® Unified Endpoint Management (UEM) for mobile device management (MDM) on Apple® iNDIGO (iOS Native Devices in Government Operations) devices. This enables government organizations to commence implementation of Apple iNDIGO projects to secure government data on employee iOS® devices. The BSI ha ...
BlackBerry Layoffs 2024: What to Know About the Latest BB Job Cuts
InvestorPlace· 2024-02-13 16:36
BlackBerry (NYSE:BB) is the latest tech company to announce job cuts. Yesterday, the smartphone pioneer turned software maker reported that it will be laying off more staff members. The decision is part of its plan to become profitable after a disappointing year. The company hasn’t confirmed how many workers will be laid off yet. However, according to reports, its cybersecurity business will be the most impacted. So far, news of the looming BlackBerry layoffs hasn’t boosted BB stock, which is down 3% today. ...
BlackBerry plans layoffs, ‘on track' for separation of businesses
Market Watch· 2024-02-12 23:15
BlackBerry Ltd. said Monday that it plans to cut more jobs in its cybersecurity business as part of the company’s push toward profitability. The cuts are a major piece of BlackBerry’s BB, +0.36% ongoing plans to separate its Internet of Things and cybersecurity businesses as standalone divisions and reduce annual costs by about $50 million. The actions are largely focused on the cybersecurity business and approximately 200 layoffs that will generate annual savings of around $27 million. As part of the ...
BlackBerry Provides Update on Progress in Separation of Divisions and Path to Profitability
Prnewswire· 2024-02-12 22:45
Significant steps taken towards positive cashflow Company is targeting $100 million of annualized net profit improvements, through a combination of cost reductions and margin expansion. This is in addition to $50 million of annualized cost saving actions disclosed in prior quarter Actions to achieve approximately $55 million of the $100 million annualized target have been identified and are being implemented in the current quarter Company continues to expect sequential improvements to operating cash flow u ...
BlackBerry to Participate in Upcoming Investor Events
Prnewswire· 2024-02-09 12:30
WATERLOO, ON, Feb. 9, 2024 /PRNewswire/ -- BlackBerry Limited (NYSE: BB; TSX: BB) today announced its participation at the following investor conferences: Wolfe Research Global Auto and Auto Tech Conference – Thursday, February 15, 2024, at 2:15pm ETJohn Wall, Senior Vice President and Head of BlackBerry QNX and Tim Foote, Chief Financial Officer, Cybersecurity Business Unit and Head of Investor Relations, will join Shreyas Patil, Wolfe Research, for a fireside chat. Register here for the live video stream. ...