Yahoo Finance BlackBerry (BB) & ETAS GmbH to Accelerate SDV Development
BlackBerry Limited BB and ETAS GmbH have signed a contract to sell and market software solutions that accelerate the development of safety-critical functions for the next generation of software-defined vehicles (SDVs).
The collaboration builds upon their longstanding technical partnership and will offer pre-integrated software utilizing ETAS middleware RTA-VRTE and the QNX Operating System. These solutions provide a high-performance and secure foundation for developing microprocessor-based vehicle computer/domain controller electronic control units (ECUs).
Additionally, the solution incorporates ETAS' automotive firewall and intrusion detection technology to ensure continuous security monitoring and aligns with industry standards. The solution addresses the automotive industry’s transition toward SDVs and the rising demand for reliable software and the AUTOSAR Adaptive standard.
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.
In March, the company recently expanded its alliance with TTTech Auto to handle the critical challenges that are increasingly posing complexities in the advancement of SDVs. The partnership is likely to cushion the native integration of the newest QNX Operating System 8.0 with TTTech Auto's world-class scheduling solutions in a specific safety-certified product.
The extended partnership is likely to boost performance and enable optimization of underlying semiconductors in mission-critical environments such as Advanced Driver Assistance Systems for SDVs. Additionally, it will expand the scalability of architectures from zonal to domain controllers and central computing while also allowing fail-safe to fail-operational solutions.
The collaboration is likely to benefit BB with the growing adoption of automotive operating systems and safety solutions in SDVs. The initiative is likely to put the company at the forefront of the software industry with increased market share and top-line growth.
BB currently sports a Zacks Rank #1 (Strong Buy). The stock has lost 29% in the past year against the sub-industry’s growth of 42.3%.
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Other Stocks to Consider
Some other top-ranked stocks from the broader technology space are Synopsys SNPS, Pegasystems PEGA and Iridium Communications IRDM. Synopsys and Pegasystems sport a Zacks Rank #1, while Iridium Communications carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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Synopsys’ earnings surpassed the Zacks Consensus Estimate in each of the last four quarters, delivering an average surprise of 4.1%. SNPS shares have risen 56.1% in the past year.
The Zacks Consensus Estimate for PEGA’s 2024 EPS has increased 19.4% in the past 60 days to $2.77.
Pegasystems’ earnings beat the Zacks Consensus Estimate in two of the last four quarters, delivering an average earnings surprise of 1063.8%. Shares of PEGA have gained 36.5% in the past year.
The Zacks Consensus Estimate for IRDM’s 2024 EPS has increased 213% in the past 60 days to 72 cents.
Iridium’s earnings beat the Zacks Consensus Estimate in two of the last four quarters, delivering an average earnings surprise of 91.7%. Shares of IRDM have lost 56.1% in the past year.
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