BlackBerry Completes Sale of Cylance Endpoint to Arctic Wolf

BlackBerry Limited BB has sold its Cylance endpoint security assets to Arctic Wolf. On Dec. 15, 2024, BlackBerry and Arctic Wolf, a global leader in security operations helping customers manage cyber risks with its advanced cloud-native security platform, signed a definitive agreement.BB’s shares are up 2% in the pre-market trading session on Feb. 4.The deal, valued at roughly $160 million, includes cash considerations and Arctic Wolf’s common shares. Per the terms of the agreement, following purchase price adjustments, BB will receive almost $80 million in cash at settlement and another $40 million a year after settlement. Arctic Wolf will also issue around 5.5 million common shares to BB as part of the deal.BlackBerry stated that it will continue as a customer, a reseller of the security portfolio for its large government clients and a shareholder in Arctic Wolf.For Arctic, the acquisition will solidify its ambitions to expand its security operations platform and deliver better customer outcomes. Cylance, an artificial intelligence (AI)-driven endpoint security pioneer, is renowned for its advanced prevention technology, which safeguards thousands of organizations worldwide. Arctic Wolf, which specializes in AI-powered security operations, aims to integrate Cylance's advanced endpoint protection capabilities into its Open XDR platform, addressing the challenges of endpoint security tools.BlackBerry Limited Price and Consensus BlackBerry Limited price-consensus-chart | BlackBerry Limited QuoteArctic Wolf has launched Aurora Endpoint Security, a next-generation solution for advanced endpoint protection. By integrating Cylance into the Aurora Platform and leveraging one of the largest commercial security operations centers (SOCs), the solution enhances threat detection, reduces risks and eliminates false alerts for stronger cyber defenses.Sale of Cylance to Aid BB Focus on Secure CommsAlthough BlackBerry has divested its Cylance assets, the company remains committed to its Secure Communications business, which includes BlackBerry UEM, BlackBerry AtHoc and BlackBerry SecuSUITE. These solutions will remain central to BlackBerry's operations as it strengthens its foothold in secure communications.Due to the Cylance sale, BB had earlier announced that it is “standing down” all previously provided guidance related to cybersecurity and the overall guidance for the company. It offered outlook only for the new Secure Communications division. It will provide revised guidance for fiscal 2026 for both the Secure Communications division and total revenues for the fourth quarter of fiscal 2025. For the Secure Communications division, revenues are expected to be in the range of $267-$271 million for fiscal 2025.BlackBerry’s Zacks Rank & Stock Price PerformanceBB currently carries a Zacks Rank #1 (Strong Buy). Shares of the company have surged 87.4% in the past three months compared with the industry’s growth of 1.7%.Image Source: Zacks Investment ResearchOther Stocks to ConsiderSome other top-ranked stocks from the broader technology space are Verint Systems Inc. VRNT, Salesforce, Inc. CRM and PTC Inc. PTC. VRNT carries a Zacks Rank #1, while CRM and PTC have a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.The Zacks Consensus Estimate for Verint Systems’ fiscal 2025 earnings per share is pegged at $2.9, unchanged in the past 60 days. VRNT’s earnings beat the Zacks Consensus Estimate in three of the trailing four quarters, with the average surprise being 8.84%, while missing in one. The company’s long-term earnings growth rate is 12%. Its shares have surged 13.1% in the past three months.The Zacks Consensus Estimate for Salesforce’s fiscal 2025 earnings per share is pegged at $10.03, unchanged in the past 60 days. CRM earnings beat the Zacks Consensus Estimate in three of the trailing four quarters while missing one, with the average surprise being 2.99%. The company’s long-term earnings growth rate is 14.8%. Its shares have jumped 42% in the past six months.PTC’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with the average surprise being 9.92%. In the last reported quarter, PTC delivered an earnings surprise of 7.69%. The company’s long-term earnings growth rate is 16%. Its shares have surged 12.9% in the past six months.Research Chief Names "Single Best Pick to Double"From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Salesforce Inc. (CRM): Free Stock Analysis Report PTC Inc. (PTC): Free Stock Analysis Report Verint Systems Inc. (VRNT): Free Stock Analysis Report BlackBerry Limited (BB): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks