BlackBerry Ltd (BBRY) Partners With Sharecare and Announces Further Steps Into Autonomous Vehicle Space


It’s been a very busy day for BlackBerry Ltd (NASDAQ:BBRY) at the Consumer Electronics Show in Las Vegas this afternoon. The company made two major announcements, one related to their core business, and the other related to their subsidiary, QNX Software Systems Limited.

First and foremost, the company has partnered with Sharecare in order to accelerate consumer-driven healthcare as well as enable secure communication. Via this partnership, BlackBerry Ltd (NASDAQ:BBRY) will integrate Sharecare’s fractal voice analysis into their messaging platform in order to improve relationships and consumer self-awareness, while making sure messages remain secure.

“At Sharecare, we strive to make healthcare more accessible by allowing consumers to ask, learn and act on their health and wellness, and we recognize mobility is an integral way consumers live, transact and interact,” said Jeff Arnold, Chairman and CEO, Sharecare. “With BlackBerry, we are safeguarding against vulnerabilities and taking responsibility to address privacy concerns in the healthcare industry.” “With the accessibility mobility provides, it also comes with the increased risk of data breaches that can compromise patient information and care,” said Marty Beard, COO, BlackBerry. “When it comes to managing our health, it is imperative we provide secure solutions that address privacy concerns for organizations like Sharecare, in order to address one of the critical requirements for mass adoption of mobile healthcare solutions.”

In other news, BlackBerry Ltd (NASDAQ:BBRY) has unveiled a new software platform for automated driving and ADAS, via QNX. The new platform will allow automobile manufacturers to buld automated driving systems from ADAS modules.

“The QNX Platform for ADAS combines our experience in building software for more than 60 million cars with our 30-year history in safety-critical systems and our deep expertise in safety standards like ISO 26262 and IEC 61508,” said John Wall, Senior Vice President and Head of QNX Software Systems. “Through this unique pedigree, QNX is ideally positioned to help automakers and tier one suppliers move from research to production in the still-uncharted market of automated driving.”

The stock is down 1.19% or $0.1 following the news, hitting $8.76 per share. Approximately 6.39M shares traded hands. BBRY shares have declined 7.90% since June 2, 2015 and are currently downtrending. It has underperformed the S&P500 by 3.21%.

From a total of 14 analysts covering Blackberry (NASDAQ:BBRY) stock, 0 rate it a “Buy”, 2 a “Sell”, and 12 a “Hold”. This means that 0 of the ratings are positive. The highest target price is $9 while the lowest target price is $6. The mean of all analyst targets is $7.63 which is -12.90% below today’s ($8.76) stock price. Blackberry was the topic of 21 analyst reports since July 28, 2015 according to the firm StockzIntelligence Inc. Imperial Capital maintained shares on December 22 with a “In-Line” rating. Canaccord Genuity maintained shares with a”Hold” rating and a $8 target share price in their report from a September 21. RBC Capital Markets maintained BBRY stock in a recent report from December 21 with a “Sector Perform” rating. Morgan Stanley upgraded the rating on July 28. Morgan Stanley has a “Equal Weight” rating and a $7 price target on shares. Finally, Sterne Agee CRT initiated the stock with a “Neutral” rating in a report they issued on a September 29.

BlackBerry Limited is a well-known provider of mobile communications and services. The company has a market cap of $4.67 billion. The Firm is engaged primarily in the provision of the BlackBerry wireless solution, consisting of smartphones, service and software. It has 142.82 P/E ratio. The Company’s four areas of business are Devices business, Enterprise Services, BlackBerry Technology Solutions (BTS) business and Messaging.