WATERLOO, ON - BlackBerry Limited (NYSE:BB)(TSX:BB), a technology company with a market capitalization of $1.84 billion, has announced that its crisis communication system, BlackBerry AtHoc, has been granted Federal Risk and Authorization Management Program (FedRAMP) High Authorization by the Joint Authorization Board (JAB). According to InvestingPro data, BlackBerry maintains strong financial health with more cash than debt on its balance sheet. This accreditation marks a significant endorsement of BlackBerry’s commitment to ensuring the highest levels of data security and operational resilience for federal agencies and critical infrastructure sectors.
BlackBerry AtHoc, renowned for its interoperable Crisis Event Management (CEM) capabilities, is already a trusted platform for over 75% of U.S. federal government agencies. The company’s strong position in government contracts contributes to its impressive 73.83% gross profit margin, as revealed by InvestingPro analysis. The FedRAMP High Authorization is a testament to BlackBerry AtHoc’s robust security measures, designed to safeguard sensitive information and maintain business continuity amid cyber threats, natural disasters, and other disruptions.
Ramon Pinero, General Manager at BlackBerry AtHoc, emphasized the importance of this milestone, stating, "After eight years in the FedRAMP program, earning the FedRAMP High authorization is a significant milestone for BlackBerry AtHoc, further validating our commitment to delivering the most secure and compliant critical communications solutions for our customers."
The achievement comes at a time when cybersecurity and compliance are increasingly prioritized by organizations, especially following Executive Order 14028. Dubhe Beinhorn, Senior Vice President, Public Sector BlackBerry Secure Communications, highlighted the role of the Federal Aviation Administration (FAA) as the sponsoring agency for this authorization and pointed out the growing industry focus on data privacy and cloud security.
Customers currently using BlackBerry AtHoc with FedRAMP Moderate authorization now have the option to upgrade to the more stringent FedRAMP High level. Obtaining FedRAMP High involves an extensive evaluation process, with Cloud Service Providers (CSP) needing to demonstrate compliance with 421 federal security and privacy standards as outlined in the NIST SP 800-53.
BlackBerry, headquartered in Waterloo, Ontario, is known for its intelligent software and services that enable automotive and industrial entities to innovate without compromising on safety, security, and reliability. The company’s portfolio encompasses mobile fortification, mission-critical communications, and critical events management, all underpinned by BlackBerry’s legacy in secure communications. With annual revenue of $534.9 million and a current ratio of 1.72, InvestingPro analysis indicates the company maintains strong liquidity to support its operations. For deeper insights into BlackBerry’s financial health and growth prospects, investors can access the comprehensive Pro Research Report, available exclusively to InvestingPro subscribers.
The information in this article is based on a press release statement from BlackBerry Limited.
In other recent news, BlackBerry Limited reported fourth-quarter earnings that exceeded expectations, posting an adjusted earnings per share of $0.03 against the anticipated $0.02. The company’s revenue also surpassed forecasts, reaching $141.7 million compared to the expected $132.2 million. However, BlackBerry’s guidance for the upcoming fiscal year fell short, with projected first-quarter revenue between $107 million and $115 million, below the consensus estimate of $128.4 million. For fiscal year 2026, revenue is anticipated to be between $504 million and $534 million, missing the analysts’ expectation of $550.6 million.
In light of these developments, RBC Capital Markets adjusted its price target for BlackBerry to $3.75 from $4.00, maintaining its Sector Perform rating. Concerns about BlackBerry’s fiscal year 2026 guidance and potential external factors impacting revenue were highlighted by RBC Capital. Similarly, Canaccord Genuity revised its price target to $4.25 from $4.75, maintaining a Hold rating on the stock. Canaccord noted BlackBerry’s improved operations but cited uncertainties in the Internet of Things division and broader economic challenges.
BlackBerry’s QNX revenue showed a 6% sequential growth, reaching $65.8 million, while Secure Communications revenue exceeded guidance at $67.3 million. The company also reported a significant increase in its cash position, now totaling $410 million, partly due to improved operating cash flow and proceeds from the sale of Cylance. Despite these positive results, the weaker guidance has raised concerns among investors and analysts.
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