|Bid||1,340.00 x N/A|
|Ask||1,357.00 x N/A|
|Day's Range||1,260.00 - 1,366.00|
|52 Week Range||353.50 - 1,525.50|
|Beta (5Y Monthly)||1.17|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Canada's BlackBerry on Monday named insider John Giamatteo as its chief executive officer, succeeding John Chen, who stepped down in November. The technology company also shelved its plan to pursue a public listing for its internet-of-things (IoT) business. BlackBerry said it would streamline its centralized corporate functions so that each business unit may operate independently and on a profitable and cashflow-positive basis going forward.
After months of considering strategic options for its businesses, the company said in October it would separate its IoT and cybersecurity divisions and target a subsidiary initial public offering for the former next fiscal year. However, BlackBerry said on Monday it would now only separate the two businesses following a reassessment of that decision. BlackBerry will also streamline its centralized corporate functions so that each business unit may operate independently and on a profitable and cashflow-positive basis.
BlackBerry Limited (NYSE: BB; TSX: BB) today announced the appointment of John J. Giamatteo as its new Chief Executive Officer and as a member of its Board of Directors, effective immediately. Richard (Dick) Lynch, who has served as interim Chief Executive Officer since November 4, 2023, will continue as Board Chair. The Company also announced that it will separate the IoT and Cybersecurity businesses, and that they will operate as fully standalone divisions. BlackBerry will no longer pursue a s