BlackBerry Ltd. (NASDAQ: BB) stock gained by 9.9% at last close while the BB stock price continued to rise by 6.67% in the after-hours session. BlackBerry is a global provider of sophisticated security software and services to businesses and governments. BB protects over 500 million endpoints, including 175 million automobiles on the road today.
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Recent Development
To combat the exponential amount of dynamic threat incidents, BB has launched two cutting-edge cybersecurity solutions. BB’s, dubbed BlackBerry Optics 3.0 and BlackBerry Gateway, are meant to automate workflows and allow effective detection and response in order to acquire a better understanding of an organization’s security environment.
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- BlackBerry Optics 3.0 is a cloud-based endpoint monitoring and response (EDR) product that identifies security risks and triggers automatic reactions on-device with AI-driven protection for operational resilience, according to BB. This cloud-based platform uses EDR technology to offer analysts with first-hand access to contextualized endpoint data for root cause investigation.
- BlackBerry Gateway is another cutting-edge technology that follows the “Prevent First, Protect First” principle. Users receive the benefits of AI-assisted threat detection and safe network connections across any device remotely with this technique.
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Following the growing popularity of cloud-based services, an enhanced network perimeter to secure sensitive data appears to be a must-have. BlackBerry Gateway, in particular, mitigates possible risk factors such as social engineering and phishing assaults, which might threaten an organization’s everyday operations. These powerful traits will enable the solutions to not only meet enterprises’ security issues but also to expand BlackBerry’s existing range of innovative cybersecurity and data privacy solutions. BlackBerry Optics 3.0 will be released in the second quarter of 2021, following the release of BlackBerry Gateway.
However,
As BB approaches its next earnings announcement, it will be aiming to show strength. On that day, BB is expected to disclose earnings of -$0.06 per share, a 400% drop year over year. TheZack’s Consensus Estimates for the entire year say analysts estimate profits of -$0.09 per share and revenue of $807 million. These figures represent decreases of -150 percent and -12.19 percent, respectively, over the previous year.
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Investors should be aware of any recent changes in analyst estimates for BB. It is believed that these estimate adjustments are closely tied to near-team stock fluctuations, based on Zack’s analysis.
