Latest news with #QNX
News18
a day ago
- 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
Miami Herald
15-07-2025
- Automotive
- Miami Herald
Surprising BlackBerry update from veteran trader focuses on sales guidance
BlackBerry (BB) 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 (AAPL) iPhone and Alphabet's (GOOGL) 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'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 moveGoogle 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. 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 added. Related: Veteran trader takes a strong stand on BlackBerry stock Canaccord 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 said. Related: Fund-management veteran skips emotion in investment strategy The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Yahoo
14-07-2025
- Business
- Yahoo
Why I'm Obsessed With This AI Stock Trading at Fire Sale Prices
Written by Karen Thomas, MSc, CFA at The Motley Fool Canada Artificial intelligence, or AI, is changing the world, improving processes, efficiencies, and performance. Blackberry Inc. (TSX:BB) has been a part of this change for many years, having developed its embedded machine-to-machine connected technology to become an invaluable player in the field. Today, this AI stock is finally gearing up for sustained revenue and earnings growth. Let's take a look. In its most recent transformation, Blackberry has taken steps to improve its balance sheet, cash flows, and cost structure. These steps included splitting the company up into three divisions – QNX, secure communications, and licensing — and selling its Cylance cybersecurity business. The restructuring also included taking more than $150 million out of its cost structure and initiating a share buyback program. Blackberry's business is made up of three main segments, QNX, secure communications, and licensing. The QNX segment is the one that we hear most about and is the primary focus. Blackberry's QNX provides critical software for embedded, machine-to-machine connected systems. It's used in automotive applications, as well as medical devices, industrial controls, and robotics. The secure communications segment specializes in secure communications software for enterprises. Some of Blackberry's secure communications clients include government agencies, financial institutions, and essential service providers. It's true that many investors have grown skeptical with regard to Blackberry. But the list of reasons to like this AI stock is growing. For example, the QNX segment has grown its revenues from $178 million in 2022 to $236 million in 2025 – that's a 33% increase over this time period. And its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) margin stands at a healthy 25%. Also, Blackberry's QNX is in more than 250 million vehicles worldwide and it's in strong demand. In fact, QNX has more than $865 million in backlog, which will make its way to the income statement over the next few years. Backlog was $460 million in 2022. In the secure communications segment, revenue is stable, with a 19% EBITDA margin and solid cash flows. Along with revenue improvements, Blackberry is also seeing improvements to its balance sheet and cash flows. And this is what takes Blackberry stock to a new level, both in terms of returns and risk. As we can see from the company's latest quarter, Blackberry's cash flows and balance sheet have strengthened considerably. In the most recent quarter, the company's operating cash usage came in at $18 million, which is a low point. Looking to the full year, Blackberry expects operating cash flow of a positive $35 million. This compares to prior years of negative operating cash flow. As for its balance sheet, Blackberry has $410 million in cash, with no debt maturities until 2029. This has given the company flexibility to invest in organic and inorganic growth, and to buy back shares if they present a good opportunity. All of this will drive shareholder value in the short and long term. Two things will likely happen as a result of this. Firstly, Blackberry's stock will trade higher because of the earnings and cash flow lift. Secondly, the stock will likely get re-rated and investors will assign it a higher multiple. This should send the stock higher in the coming months and years. The post Why I'm Obsessed With This AI Stock Trading at Fire Sale Prices appeared first on The Motley Fool Canada. Before you buy stock in BlackBerry, consider this: The Motley Fool Stock Advisor Canada analyst team just identified what they believe are the Top Stocks for 2025 and Beyond for investors to buy now… and BlackBerry wasn't one of them. The Top Stocks that made the cut could potentially produce monster returns in the coming years. Consider MercadoLibre, which we first recommended on January 8, 2014 ... if you invested $1,000 in the 'eBay of Latin America' at the time of our recommendation, you'd have $24,927.94!* Stock Advisor Canada provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month – one from Canada and one from the U.S. The Stock Advisor Canada service has outperformed the return of S&P/TSX Composite Index by 30 percentage points since 2013*. See the Top Stocks * Returns as of 6/23/25 More reading 10 Stocks Every Canadian Should Own in 2025 [PREMIUM PICKS] Market Volatility Toolkit A Commonsense Cash Back Credit Card We Love Fool contributor Karen Thomas has a position in Blackberry. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. 2025 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
Yahoo
07-07-2025
- Business
- Yahoo
BlackBerry Limited (BB): A Bull Case Theory
We came across a bullish thesis on BlackBerry Limited by Polymath Investor on Substack. In this article, we will summarize the bulls' thesis on BB. BlackBerry Limited's share was trading at $4.3200 as of 18th June. BB's forward P/E was 42.92 according to Yahoo Finance. BlackBerry, long known for its legacy in mobile devices, is undergoing a transformation that has recently attracted renewed bullish interest, particularly centered around its Internet of Things (IoT) division. The company's Q4 results highlight the strength of its QNX-powered IoT segment, which delivered record revenue of $66 million with exceptional 83% gross margins. This business powers embedded software in over 235 million vehicles globally and continues to benefit from the accelerating adoption of connected and autonomous vehicle technologies. Despite this robust performance, BlackBerry's overall financials remain underwhelming due to the ongoing struggles of its cybersecurity segment, which has seen stagnating growth and margin compression. This discrepancy between segment performance and overall valuation presents a sum-of-the-parts (SOTP) opportunity, where the high-margin, high-growth IoT unit is overshadowed by the underperforming cybersecurity division. There is growing speculation that BlackBerry could initiate a strategic separation of these two businesses to unlock shareholder value, especially with activist pressure mounting and the board now seemingly more aligned with such restructuring initiatives. The company has already hinted at such a move in prior strategic reviews, and a formal separation or sale of the IoT business could yield a significantly higher valuation than the market currently reflects. Even in a base-case scenario where no separation occurs, the IoT division's growth trajectory and margin profile provide a strong underpinning for a re-rating of BlackBerry shares. For equity investors, the downside appears limited given the embedded value of the IoT business, while any corporate action could serve as a meaningful catalyst for upside. Previously, we covered a on BlackBerry Limited by NYCandrun in February 2025, which highlighted the company's underappreciated positioning in embedded automotive software through QNX, the SaaS-like potential of its IVY platform, and the stabilization of its cybersecurity segment. The company's stock price has depreciated by approximately 23% since our coverage. This is because the re-rating thesis has not yet played out due to muted IVY traction and macro headwinds. The thesis still stands as QNX continues to grow, and IVY has real adoption potential. Polymath shares a similar view but emphasizes the strategic unlock potential of a formal separation between the IoT and cybersecurity businesses. Inc. is on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 328 hedge fund portfolios held AMZN at the end of the first quarter, which was 339 in the previous quarter. While we acknowledge the risk and potential of AMZN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock. Disclosure: None. This article was originally published at Insider Monkey. 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
