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BlackBerry's (BB) IVY Platform Selected by MIH Consortium
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BlackBerry’s (BB - Free Report) IVY platform is being used by the Mobility in Harmony (MIH) Consortium for the advanced development of its next-generation Project X and upcoming passenger and commercial vehicle reference platforms. MIH Consortium is a Foxconn initiative aimed at building an open EV ecosystem for fostering collaboration within the mobility industry.
The two entities earlier collaborated in July 2023, whereby MIH Consortium deployed several BlackBerry software and services to build a secure software foundation for its open EV platform, Project X.
Now, MIH Consortium is implementing the IVY Platform in its vehicle digital cockpit. This will add a set of new applications to MIH Consortium vehicles for monitoring the vehicle's health and performance in real time.
BlackBerry IVY is an edge-to-cloud vehicle data platform that processes sensor data to predict safety risks, reduce driver distractions and highlight potential driving hazards.
Adding the IVY platform will offer AI-powered fleet management capabilities to MIH Consortium vehicles, thereby helping to boost driver safety, reduce business risk and augment asset utilization. IVY platform will aid in vehicle security analysis. It will be using advanced cybersecurity measures to evaluate vehicle cybersecurity strength and safeguard it against threats, thereby ensuring the integrity of vehicle operations.
Headquartered in Waterloo, Canada, BB provides intelligent security software and services to enterprises and governments worldwide. It offers devices and software platforms for managing security, mobility and communications among hardware, mobile apps and the Internet of Things (IoT).
BB’s IoT unit benefited from rising demand for the company’s solution in the Advanced Driver Assistance Systems market. Rapid adoption of the QNX platform in the Auto and General Embedded Market is a tailwind.
Recently, at CES 2024, Blackberry launched QNX Sound. It is an innovative development platform that separates audio and acoustics software from vehicle hardware, using pre-integrated technologies for various purposes like telephony, safety alerts, noise reduction and media playback. This innovation grants audio designers and engineers the freedom to craft fresh in-vehicle sound experiences.
Apart from this, the company also introduced QNX Software Development Platform 8.0 along with the latest QNX OS 8.0. This is the fifth-generation platform that ensures a secure and reliable system while accommodating both QNX and Linux developers through its POSIX API.
However, the company expects fourth-quarter 2023 IoT revenues to be affected by UAW labor disputes that will hamper production volumes for some of its largest customers. Also, the ongoing slippage of software programs at major automakers is a serious headwind. Stiff competition and weak macro conditions are concerns.
BlackBerry currently has a Zacks Rank #3 (Hold). The stock has lost 10.8% in the past year against the sub-industry’s growth of 52.4%.
The Zacks Consensus Estimate for Watts Water Technologies’ 2023 EPS has improved 1% in the past 60 days to $8.08.
WTS’ earnings surpassed the Zacks Consensus Estimate in each of the last four quarters, the average surprise being 11.8%. Shares of WTS have rallied 25.5% in the past year.
The Zacks Consensus Estimate for 2023 is pegged at a loss of 9 cents per share for NETGEAR, which remained unchanged in the past 30 days. NTGR’s earnings outpaced the Zacks Consensus Estimate in three of the last four quarters while missing once. The average surprise was 127.5%. Shares of NTGR lost 27.3% in the past year.
The Zacks Consensus Estimate for Blackbaud’s 2023 EPS has improved 1% in the past 60 days to $3.86.
BLKB’s earnings surpassed the Zacks Consensus Estimate in each of the last four quarters, the average surprise being 10.6%. Shares of BLKB have gained 32.4% in the past year.
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BlackBerry's (BB) IVY Platform Selected by MIH Consortium
BlackBerry’s (BB - Free Report) IVY platform is being used by the Mobility in Harmony (MIH) Consortium for the advanced development of its next-generation Project X and upcoming passenger and commercial vehicle reference platforms. MIH Consortium is a Foxconn initiative aimed at building an open EV ecosystem for fostering collaboration within the mobility industry.
The two entities earlier collaborated in July 2023, whereby MIH Consortium deployed several BlackBerry software and services to build a secure software foundation for its open EV platform, Project X.
Now, MIH Consortium is implementing the IVY Platform in its vehicle digital cockpit. This will add a set of new applications to MIH Consortium vehicles for monitoring the vehicle's health and performance in real time.
BlackBerry IVY is an edge-to-cloud vehicle data platform that processes sensor data to predict safety risks, reduce driver distractions and highlight potential driving hazards.
Adding the IVY platform will offer AI-powered fleet management capabilities to MIH Consortium vehicles, thereby helping to boost driver safety, reduce business risk and augment asset utilization. IVY platform will aid in vehicle security analysis. It will be using advanced cybersecurity measures to evaluate vehicle cybersecurity strength and safeguard it against threats, thereby ensuring the integrity of vehicle operations.
BlackBerry Limited Price and Consensus
BlackBerry Limited price-consensus-chart | BlackBerry Limited Quote
Headquartered in Waterloo, Canada, BB provides intelligent security software and services to enterprises and governments worldwide. It offers devices and software platforms for managing security, mobility and communications among hardware, mobile apps and the Internet of Things (IoT).
BB’s IoT unit benefited from rising demand for the company’s solution in the Advanced Driver Assistance Systems market. Rapid adoption of the QNX platform in the Auto and General Embedded Market is a tailwind.
Recently, at CES 2024, Blackberry launched QNX Sound. It is an innovative development platform that separates audio and acoustics software from vehicle hardware, using pre-integrated technologies for various purposes like telephony, safety alerts, noise reduction and media playback. This innovation grants audio designers and engineers the freedom to craft fresh in-vehicle sound experiences.
Apart from this, the company also introduced QNX Software Development Platform 8.0 along with the latest QNX OS 8.0. This is the fifth-generation platform that ensures a secure and reliable system while accommodating both QNX and Linux developers through its POSIX API.
However, the company expects fourth-quarter 2023 IoT revenues to be affected by UAW labor disputes that will hamper production volumes for some of its largest customers. Also, the ongoing slippage of software programs at major automakers is a serious headwind. Stiff competition and weak macro conditions are concerns.
BlackBerry currently has a Zacks Rank #3 (Hold). The stock has lost 10.8% in the past year against the sub-industry’s growth of 52.4%.
Image Source: Zacks Investment Research
Stocks to Consider
Some better-ranked stocks worth consideration in the broader technology space are Watts Water Technologies (WTS - Free Report) , NETGEAR (NTGR - Free Report) and Blackbaud (BLKB - Free Report) . While NETGEAR and Blackbaud currently sport a Zacks Rank #1 (Strong Buy), Watts Water carries a Zacks Rank of 2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Watts Water Technologies’ 2023 EPS has improved 1% in the past 60 days to $8.08.
WTS’ earnings surpassed the Zacks Consensus Estimate in each of the last four quarters, the average surprise being 11.8%. Shares of WTS have rallied 25.5% in the past year.
The Zacks Consensus Estimate for 2023 is pegged at a loss of 9 cents per share for NETGEAR, which remained unchanged in the past 30 days. NTGR’s earnings outpaced the Zacks Consensus Estimate in three of the last four quarters while missing once. The average surprise was 127.5%. Shares of NTGR lost 27.3% in the past year.
The Zacks Consensus Estimate for Blackbaud’s 2023 EPS has improved 1% in the past 60 days to $3.86.
BLKB’s earnings surpassed the Zacks Consensus Estimate in each of the last four quarters, the average surprise being 10.6%. Shares of BLKB have gained 32.4% in the past year.