Latest news with #QNX
Newsweek
5 days ago
- Automotive
- Newsweek
Car Companies Will Go Out of Business, Auto Industry COO Predicts
The global auto industry is in danger, warns an expert who deals with the behind-the-scenes technology and innovation automakers are looking to bring to market up to a decade down the road. John Wall, chief operating officer and head of product, engineering and services at QNX, told Newsweek, "The Chinese are moving very quickly." China's auto industry is booming. Since 2009, China has been the world's largest automotive manufacturing country and automotive market. Chinese car makers account for one-third of the world's vehicle production. "It's super competitive in China. There are a lot of original equipment manufacturers that are competing with each other," Wall said. And, they're starting to compete with European and American automakers as well as other companies from Asia, including those from Japan and Korea. "They're competing with each other by putting out features very quickly. They're competing by cutting costs, cutting prices of vehicles. There are going to be losers in China. There are going to be car companies that go out of business," he continued. QNX, a BlackBerry company, sees the future of automotive well before the public. They supply a variety of technology solutions to automakers and offer support for their systems, which are in 255 million vehicles that are on the road today. Wall's verdict about American carmakers is damning: "They're not keeping pace." He said: "There's many reasons why they're not keeping pace. The Chinese don't have a legacy of supporting back models and all that baggage that Ford and BMW and Mercedes and Volkswagen have. That's the number one advantage. The second advantage is the Chinese are less focused on safety, so they're going fast and they're maybe cutting corners." "What I'm saying is the state-of-the-art processes for software development in a functional, safe context, is not being followed by the Chinese. The reality of it is, if you're Mercedes or you're Ford or you're GM, you can't have an accident... There's so much legacy, there's so much reputational baggage. Mercedes can't have cars that drive into walls. It just can't happen," Wall said. Car companies are bringing features to cars that a half-decade ago seemed nearly impossible, and they're doing it at great expense. "I think what the speed of the Chinese has done is it has pointed out to the more traditional car makers, this focus on doing everything yourself is a mistake. There are things that bring value. There are areas you don't bring value, and I think it's becoming very recognized in the industry," Wall said. He continued: "A lot of people are spending a lot of time on platforms that provide no value to the customer, provide no differentiation for a car brand. It would behoove the auto industry to be able to start at a higher-level application development and not to be wasting time on things that are non-differentiating, but are very important. They have to work properly. If your base is weak, just like the foundation of a house, you're going to have a problem. Each misstep costs money, sometimes billions of dollars. "If you look at what's happened with Volkswagen and Cariad, if you look at the money spent at Ford, at GM, the layoffs, the starts and stops to their strategy. That's time and money, and it's debatable whether those groups were really focused on the right things." QNX aims to provide a technology architecture to car companies that allows them to compete with the fast-moving Chinese brands. The technology combines software and hardware that would traditionally be sold in separate lots as a package. "Our belief is, if you provide something that is non-differentiating, that allows the car makers to save money and to go faster, they're going to be interested. It's a value proposition. The reality of it is the Chinese would be interested. The Chinese are interested because anything that helps them go faster is better, and especially with their looking to export markets, they will have to have a much closer eye on functional safety and security," Wall said.
Globe and Mail
03-08-2025
- Business
- Globe and Mail
What Happened to BlackBerry (BB) Stock This Year?
Key Points BlackBerry stock has gone nowhere over the past year. The company is relying on its QNX and SecuSmart divisions to drive its near-term growth. The stock is not as cheap as it appears to be given its growth potential. 10 stocks we like better than BlackBerry › BlackBerry (NYSE: BB) was once synonymous with smartphones, but it lost that booming market to the Apple iPhone and Android-powered devices. It eventually stopped producing phones entirely and reinvented itself as an Internet of Things (IoT) and cybersecurity software provider, but it's still struggling to expand in those saturated markets. The stock has traded flat in 2025 as the S&P 500 is up 8% year to date. Let's see why BlackBerry is trailing the broad market this year and where it might be headed over the next 12 months. BlackBerry's two core growth engines Most of BlackBerry's recent growth has been driven by two acquisitions. First, it acquired QNX, the world's most popular embedded operating system (OS) for vehicles, back in 2010. That acquisition helped it profit from the secular growth of the connected and driverless vehicle markets. In 2023, it launched BlackBerry IVY, a cloud-based connected-vehicle platform which was built on QNX and co-developed with Amazon Web Services. BlackBerry rebranded its entire IoT business as QNX earlier this year, and it expects more automotive design wins to drive its results long-term. In fiscal 2025 (which ended this past February), the QNX segment's revenue rose 10% year over year and accounted for 44% of BlackBerry's top line. Second, BlackBerry acquired the cybersecurity company Cylance in 2019 for $1.4 billion. That acquisition was aimed at strengthening its cybersecurity software business, but it faced stiff competition from bigger and faster-growing competitors like Palo Alto Networks and CrowdStrike. In February, it sold Cylance's endpoint security assets to Arctic Wolf for $160 million in cash and equity. In fiscal 2025, BlackBerry's revenue from its secured communications segment (which houses its cybersecurity services, SecuSmart secure messaging and call services, and other security tools) dipped 4% year over year but still accounted for 51% of its top line. BlackBerry previously leveraged its patents to generate high-margin royalties and licensing fees, but it sold most of that portfolio over the past three years to raise fresh cash. As a result, its licensing revenue plunged 90% in fiscal 2025 and only accounted for 5% of its top line. What will happen to BlackBerry over the next year? BlackBerry expects to generate $508 million to $538 million in revenue in fiscal 2026, which would represent a 2% decline at the midpoint. This includes a 10% to 14% hit to secured communications revenue stemming from the Cylance sale, though the company continues to gain more SecuSmart customers. For QNX, management is guiding for 10% full-year growth at the midpoint of its $250 million to $270 million range. On the bottom line, adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) should range between a 14% decline and 3% growth. For fiscal 2027, however, analysts expect revenue and adjusted EBITDA to rise 9% and 18%, respectively, as QNX and SecuSmart gain new customers. Is it the right time to buy BlackBerry stock? With an enterprise value of $2.2 billion, BlackBerry isn't much of a bargain at four times this year's sales. It also trades at 27 times forward adjusted EBITDA. Insiders have been net sellers of the stock over the past 12 months too. If BlackBerry manages to meet analysts' expectations and still trades at 27 times its forward adjusted EBITDA by the beginning of fiscal 2027, its shares could rise 16% over the next 12 months. If either of its two main segments stumble, however, its valuation multiples would likely contract, driving the stock lower. That's why I don't think BlackBerry stock is worth buying yet. Should you invest $1,000 in BlackBerry right now? Before you buy stock in BlackBerry, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and BlackBerry wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $624,823!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,064,820!* Now, it's worth noting Stock Advisor's total average return is 1,019% — a market-crushing outperformance compared to 178% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 29, 2025
Yahoo
03-08-2025
- Business
- Yahoo
What Happened to BlackBerry (BB) Stock This Year?
Key Points BlackBerry stock has gone nowhere over the past year. The company is relying on its QNX and SecuSmart divisions to drive its near-term growth. The stock is not as cheap as it appears to be given its growth potential. 10 stocks we like better than BlackBerry › BlackBerry (NYSE: BB) was once synonymous with smartphones, but it lost that booming market to the Apple iPhone and Android-powered devices. It eventually stopped producing phones entirely and reinvented itself as an Internet of Things (IoT) and cybersecurity software provider, but it's still struggling to expand in those saturated markets. The stock has traded flat in 2025 as the S&P 500 is up 8% year to date. Let's see why BlackBerry is trailing the broad market this year and where it might be headed over the next 12 months. BlackBerry's two core growth engines Most of BlackBerry's recent growth has been driven by two acquisitions. First, it acquired QNX, the world's most popular embedded operating system (OS) for vehicles, back in 2010. That acquisition helped it profit from the secular growth of the connected and driverless vehicle markets. In 2023, it launched BlackBerry IVY, a cloud-based connected-vehicle platform which was built on QNX and co-developed with Amazon Web Services. BlackBerry rebranded its entire IoT business as QNX earlier this year, and it expects more automotive design wins to drive its results long-term. In fiscal 2025 (which ended this past February), the QNX segment's revenue rose 10% year over year and accounted for 44% of BlackBerry's top line. Second, BlackBerry acquired the cybersecurity company Cylance in 2019 for $1.4 billion. That acquisition was aimed at strengthening its cybersecurity software business, but it faced stiff competition from bigger and faster-growing competitors like Palo Alto Networks and CrowdStrike. In February, it sold Cylance's endpoint security assets to Arctic Wolf for $160 million in cash and equity. In fiscal 2025, BlackBerry's revenue from its secured communications segment (which houses its cybersecurity services, SecuSmart secure messaging and call services, and other security tools) dipped 4% year over year but still accounted for 51% of its top line. BlackBerry previously leveraged its patents to generate high-margin royalties and licensing fees, but it sold most of that portfolio over the past three years to raise fresh cash. As a result, its licensing revenue plunged 90% in fiscal 2025 and only accounted for 5% of its top line. What will happen to BlackBerry over the next year? BlackBerry expects to generate $508 million to $538 million in revenue in fiscal 2026, which would represent a 2% decline at the midpoint. This includes a 10% to 14% hit to secured communications revenue stemming from the Cylance sale, though the company continues to gain more SecuSmart customers. For QNX, management is guiding for 10% full-year growth at the midpoint of its $250 million to $270 million range. On the bottom line, adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) should range between a 14% decline and 3% growth. For fiscal 2027, however, analysts expect revenue and adjusted EBITDA to rise 9% and 18%, respectively, as QNX and SecuSmart gain new customers. Is it the right time to buy BlackBerry stock? With an enterprise value of $2.2 billion, BlackBerry isn't much of a bargain at four times this year's sales. It also trades at 27 times forward adjusted EBITDA. Insiders have been net sellers of the stock over the past 12 months too. If BlackBerry manages to meet analysts' expectations and still trades at 27 times its forward adjusted EBITDA by the beginning of fiscal 2027, its shares could rise 16% over the next 12 months. If either of its two main segments stumble, however, its valuation multiples would likely contract, driving the stock lower. That's why I don't think BlackBerry stock is worth buying yet. Should you buy stock in BlackBerry right now? Before you buy stock in BlackBerry, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and BlackBerry wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $624,823!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,064,820!* Now, it's worth noting Stock Advisor's total average return is 1,019% — a market-crushing outperformance compared to 178% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 29, 2025 Leo Sun has positions in Amazon and Apple. The Motley Fool has positions in and recommends Amazon, Apple, and CrowdStrike. The Motley Fool recommends BlackBerry and Palo Alto Networks. The Motley Fool has a disclosure policy. What Happened to BlackBerry (BB) Stock This Year? was originally published by The Motley Fool
News18
23-07-2025
- Automotive
- News18
Minda Corp ties up with Qualcomm for cockpit solutions in auto space
Last Updated: New Delhi, Jul 23 (PTI) Auto components maker Minda Corporation on Wednesday said it has tied up with Qualcomm Technologies, Inc to develop advanced cockpit solutions for the Indian automotive market. As part of the collaboration, Minda is designing a next-generation cockpit platform powered by the Snapdragon Cockpit Platform from Qualcomm Technologies. The Snapdragon Cockpit Platform enhances in-car experiences by delivering sophisticated displays, audio, computing and connectivity, making them more responsive, Minda Corporation said in a statement. 'By leveraging Qualcomm's advanced automotive platforms, this strategic partnership enables us to offer intuitive HMI, seamless multi-display integration and software-defined cockpit architectures built on Android and QNX operating systems," Minda Corporation Group CTO Suresh D said. The company aims to redefine the in-vehicle experience for Indian consumers, bringing innovation and connectivity to the next generation of vehicles, said Savi Soin, Senior Vice President, India President, Qualcomm Technologies. Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Yahoo
17-07-2025
- Automotive
- Yahoo
Surprising BlackBerry update from veteran trader focuses on sales guidance
Surprising BlackBerry update from veteran trader focuses on sales guidance originally appeared on TheStreet. BlackBerry () has been on quite a ride. There was a time when the Canadian company's smartphone was the device to have among business professionals, government officials and security-conscious types. 💵💰Don't miss the move: Subscribe to TheStreet's free daily newsletter 💰 At its peak in 2009-2010, BlackBerry commanded more than 20% of the global smartphone market, with 85 million subscribers. More than a third (35%) of BlackBerry users said they would pick their personal digital assistants over their spouses if they had to choose, according to a 2008 survey, the Chicago Sun-Times reported. And 87% said they take their PDAs into their bedrooms. Yikes. BlackBerry started sliding with the rise of Apple's () iPhone and Alphabet's () Android-based devices. And by 2016 the company said it was getting out of the smartphone game in favor of software and enterprise services, particularly in cybersecurity. Last month, BlackBerry reported first-quarter earnings that beat Wall Street's expectations. "We made a very solid start to fiscal year 2026 with our results beating the top end of guidance almost entirely across the board," Chief Executive John Giamatteo said during the company's earnings call. BlackBerry CEO sees opportunities in autonomous drive BlackBerry's QNX division, which specializes in software for embedded systems, particularly in industries like automotive, medical devices and industrial automation, reported revenue of $57.5 million, up 8% year-over-year and surpassing the company's guidance. "QNX thrives in high-performance safety-critical use cases," Giamatteo said.. "Autonomous drive is a great example." More Tech Stocks: Amazon tries to make AI great again (or maybe for the first time) Veteran portfolio manager raises eyebrows with latest Meta Platforms move Google plans major AI shift after Meta's surprising $14 billion move In April, the company said WeRide WRD, an autonomous-driving-technology company, was using QNX as the foundation for L2+ passenger vehicles. "In fact, this technology is already being deployed in a couple of Chery Automobile vehicle models that are on the road in China today," Giamatteo said. "As autonomous drive continues to ramp worldwide, we see this as an exciting opportunity for BlackBerry." William Kerwin, a senior equity analyst for Morningstar, wrote on June 25 that "BlackBerry showed solid execution, but its outlook for fiscal 2026 remains weak." "We expect macroeconomic uncertainty, slow government order cycles, and negative impacts from US automotive tariffs to weigh on sales throughout the year," he added. Kerwin, who who maintained his $3.60 per share fair value estimate on BlackBerry, said the company's government business can return to growth after this year, "coming back in line with our long-term expectations for high-single-digit firm revenue growth." Several investment firms issued research reports on BlackBerry following the earnings report. On June 25 RBC Capital raised its price target on BlackBerry to $4 from $3.75 and affirmed a sector-perform rating on the shares, according to The Fly. The Q1 results were above estimates on better-than-expected secure-communications and QNX software revenue. Veteran trader cites move on BlackBerry position Management's outlook is conservative and still assumes an uncertain auto and macroeconomic environment, the investment firm said. BlackBerry's pipeline is seeing good growth, but its visibility to auto production is low and new deals may be pushed out, RBC raised its price target on BlackBerry to $4.60 from $4.25 and maintained a hold rating on the shares. The investment firm said the quarterly results came in meaningfully ahead of expectations, highlighted by strong internet-of-things/QNX results, which continues to be the standout leader within the business. Canaccord said the outlook for the business has improved over the past year. Strategic initiatives will be incrementally streamlined and meaningfully positive adjusted earnings before interest, taxes, depreciation and amortization create new organic and inorganic investment opportunities. TheStreet Pro's Stephen Guilfoyle has updated his plan for BlackBerry. In June, the veteran trader, whose career dates back to the trading floor of the New York Stock Exchange in the 1980s, cut his long position in BlackBerry ahead of the earnings release. "Effectively, I took about half of my position off at an average price of $4.32," he told readers in his recent column. "My net basis on the entire trade is $2.93, so a profit of 47% on that portion of the trade. We'll always take trades like that when we can." But he did leave half his position on the table just in case he was wrong about making an exit. "The shares popped sharply higher at first and then continued to deteriorate from there," he said. "I have last seen the shares cross the tape early on Monday morning, just above the $4 mark, which is actually a key technical area for the name." At last check on Tuesday, Blackberry's shares had recovered and were trading around $4.12. Guilfoyle said BlackBerry's first-quarter report provided forward-looking sales guidance solid enough for the full fiscal year, but moderately disappointing for the fiscal second quarter. Wall Street-wide profit taking continued, he said. BlackBerry is scheduled to report Q2 earnings in late September, he noted, "so there is a way to go." "We're still working with a nicely profitable trade here. No reason to make a rash decision," Guilfoyle BlackBerry update from veteran trader focuses on sales guidance first appeared on TheStreet on Jul 15, 2025 This story was originally reported by TheStreet on Jul 15, 2025, where it first appeared. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
