BlackBerry-Samsung Sign Deal for Digital Transformation
BlackBerry Limited BB recently inked a multi-year strategic relationship with Samsung Electronics Co. Ltd. to foster the development of integrated solutions and services to accelerate the digital transformation of businesses. The tie-up reinforces the existing business relationship between the two firms dating back to 2014, which brought into the market several enterprise mobility solutions for secure endpoint management and mission-critical communications.
Both BlackBerry and Samsung now seek to extend this partnership to radically transform the business workplace. Leveraging BlackBerry’s capabilities in endpoint security and management, the collaboration aims to manage various Samsung devices like mobile phones, tablets, wearables and the Samsung DeX mobile desktop experience, on a single glass pane. This would be achieved through BlackBerry Universal Endpoint Management platform, which offers complete endpoint management and policy control for diverse fleet of devices and apps.
With integrated end-to-end solutions, workforce productivity is likely to improve and new business models, in sync with the digital transformation of businesses, are likely to emerge. Samsung’s mobility and hardware solutions will be comprehensively backed up by BlackBerry’s security module and software platforms to exploit the emerging market of Enterprise of Things.
Operating as a leading player in the enterprise mobility management, BlackBerry is widely recognized for productivity and security innovations. The company delivers one of the most secure end-to-end mobile enterprise solutions in the market through a broad portfolio of products and services. It offers an end-to-end software and services platform for the Enterprise of Things, which includes computers, vehicles, sensors, equipment and other connected endpoints within the enterprise that communicate with each other to enable smart business processes.
The company leverages its extensive technology portfolio to extend the best-in-class security and reliability features. These include a unified endpoint management solution that provides comprehensive multiplatform device, application and content management with integrated security and connectivity, embedded systems, enterprise applications and related services. With a holistic growth model, focusing both on organic and inorganic investments, BlackBerry aims to extend its market leadership in the enterprise mobility segment.
With the continued digital transformation of enterprises, the number and scope of connected devices have also expanded manifold to include other endpoints such as vehicles. With the rapid growth of this network of connected endpoints, often referred to as the IoT (Internet of Things), security has become increasingly important to thwart data theft. This landscape has created opportunities for secure management solutions, embedded systems, communications platforms, enterprise applications, networks and analytic tools, as well as for related services that help enterprises to enhance data security and user privacy. BlackBerry has created a niche market for itself in this domain and seeks to strengthen its position with innovative safety features.
BlackBerry has outperformed the industry with an average loss of 3% in the past year compared with a decline of 12.3%.
BlackBerry currently carries a Zacks Rank #3 (Hold). Better-ranked stocks in the industry include Comtech Telecommunications Corp. CMTL, sporting a Zacks Rank #1 (Strong Buy), and Motorola Solutions, Inc. MSI and Ubiquiti Networks, Inc. UBNT, carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Comtech Telecommunications has a long-term earnings growth expectation of 5%. It surpassed estimates in each of the trailing four quarters with an average positive earnings surprise of 123.7%.
Motorola has a long-term earnings growth expectation of 8%. It surpassed estimates in each of the trailing four quarters with an average positive earnings surprise of 12.1%.
Ubiquiti Networks has a long-term earnings growth expectation of 18.6%. It topped estimates thrice in the trailing four quarters with an average positive earnings surprise of 8.9%.
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