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BlackBerry (BB) Extends Services Portfolio to Drive Revenues

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BlackBerry Limited (BB - Free Report) recently announced that it is adding a quantum-resistant code signing server to its range of cryptography tools. To be offered from November 2018, the solution will allow software to be digitally signed using a scheme that will be tough to break with a quantum computer.

Notably, BlackBerry’s quantum-resistant code signing server uses cryptographic libraries from ISARA Corporation — a leader in agile quantum-safe security solutions. Together, the companies aim to protect software of long-lived assets against an increasingly risky computing ecosystem with continuous security threats.

BlackBerry will be able to address major security concerns for industries that rely on assets to be used for a long time, by incorporating the quantum-resistant code signing server to its cybersecurity tools. The company’s secure key provisioning and identity management solutions are designed to protect next-generation connected cars, critical infrastructure and IoT deployments.

In a separate development, BlackBerry announced that it is partnering with Virginia Tech to educate mechanical engineers on BlackBerry QNX technology — a global leader in safety-certified, secure and reliable software for connected and autonomous cars. BlackBerry will help advance the Department of Mechanical Engineering’s connected and autonomous vehicle research and provide hands-on training with QNX software.

BlackBerry QNX provides OEMs and Tier 1 vendors around the world with advanced technology to protect hardware, software, applications and end-to-end systems from cyberattacks. The company’s QNX history in safety, security and continual innovation has led to the placement of its technology in more than 120 million vehicles on the road today.

Strong software sales and growth in cybersecurity business are major positives for BlackBerry. The company has provided a bullish outlook for fiscal 2019 software and service revenues — calling for year-over-year growth of 8-10%.

In the past three months, shares of BlackBerry have gained 3.4% against the decline of 2.7% for the industry.

BlackBerry currently sports a Zacks Rank #1 (Strong Buy). Other top-ranked stocks in the broader industry include Orange S.A. (ORAN - Free Report) , United States Cellular Corp. (USM - Free Report) and Sprint Corp. (S - Free Report) . While U.S. Cellular sports a Zacks Rank #1, Orange and Sprint carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

U.S. Cellular has a long-term earnings growth expectation of 1%. It beat earnings estimates in each of the trailing four quarters, the average surprise being 340.4%.        

Orange has a long-term earnings growth expectation of 24.8%.

Sprint has beaten earnings estimates in each of the trailing four quarters, the average surprise being 183.3%.    

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