BlackBerry's (BB) QNX Platform Continues to Gain Traction
BlackBerry Limited BB has announced that Chongqing Yazaki Meter Co has chosen the BlackBerry QNX Neutrino Realtime Operating System to power its digital instrument cluster.
The cluster is now in mass production and being installed in models from Geely Auto and Dongfeng Liuzhou Auto. It provides a more intuitive, personalized and interactive user experience for drivers while ensuring the safety, security and reliability of the vehicle's critical systems.
Chongqing Yazaki has built multiple LCD instrument clusters leveraging BlackBerry QNX's technologies, including 10.25- and 12.3-inch LCD clusters, as well as 10.25- and 12.3-inch double-screen LCD clusters. These clusters enhance the display of information, providing an innovative Human-Machine Interface technology that delivers intuitive and personalized interior design.
BlackBerry Limited Price and Consensus
BlackBerry Limited price-consensus-chart | BlackBerry Limited Quote
The QNX Neutrino RTOS supports 64-bit ARMv8 computing platforms and Intel x86-64 architecture and provides the necessary technology to power the automotive industry's next-generation vehicles. It also has ISO 26262 ASIL D certification by TÜV Rheinland, which guarantees proven safety and reliable performance for OEMs and Tier 1's to accelerate product launches and develop connected cars.
Overall, this development ensures a safe, intelligent and seamless driving experience for drivers and passengers.
BlackBerry’s QNX platform is witnessing strong momentum owing to the increasing complexity of electronic vehicle architecture. It is the market leader for safety-certified embedded software in automotive. The software is now installed in more than 215 million vehicles.
In the last reported quarter, the company’s QNX platform secured nine new design wins in Auto and 15 in the General Embedded Market.
Recently, the company unveiled QNX Accelerate, an initiative that makes the cloud-powered versions of its QNX Neutrino Real-Time Operating System and QNX OS for Safety available on the AWS Marketplace.
Prior to that, the company announced that Human Horizons will be deploying BlackBerry QNX technology for the autonomous driving controller and intelligent digital cockpit controller features of its HiPhi Z vehicle.
BlackBerry currently has a Zacks Rank #2 (Buy). Shares of the company have lost 41.9% in the past year compared with the sub-industry’s decline of 12.1%.
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Other Stocks to Consider
Some other top-ranked stocks in the broader technology space are Arista Networks ANET, Jabil JBL and Bandwidth BAND, each currently carry a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Zacks Consensus Estimate for Arista Networks 2022 earnings is pegged at $4.38 per share, rising 0.2 in the past 60 days. The long-term earnings growth rate is anticipated to be 17.5%.
Arista Networks’ earnings beat the Zacks Consensus Estimate in the last four quarters, the average being 12.7%. Shares of ANET have increased 10.7% in the past year.
The Zacks Consensus Estimate for Jabil’s 2023 earnings is pegged at $8.37 per share, rising 2.3% in the past 60 days. The long-term earnings growth rate is anticipated to be 12%.
Jabil’s earnings beat the Zacks Consensus Estimate in all the last four quarters, the average being 8.8%. Shares of JBL have increased 39.1% in the past year.
The Zacks Consensus Estimate for Bandwidth 2022 earnings is pegged at 37 cents per share, unchanged in the past 60 days. The long-term earnings growth rate is anticipated to be 25%.
BAND's earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 301.8%. Shares of the company have declined 59.2% in the past year.
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