BlackBerry Launches AI-Powered CylanceMDR Pro Cybersecurity For Businesses: Details
Portfolio Pulse from Nabaparna Bhattacharya
BlackBerry Limited (NYSE:BB) has launched CylanceMDR Pro, an AI-powered managed detection and response (MDR) service aimed at enhancing cybersecurity for businesses. Despite this launch, BB shares are trading marginally lower in the premarket session. The stock has slumped over 47% in the past year but has an average 1-year price target of $3.36, representing an expected upside of 31.25%.
July 17, 2024 | 12:05 pm
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BlackBerry has launched CylanceMDR Pro, an advanced AI-powered cybersecurity service. Despite this, BB shares are trading lower in the premarket session. The stock has declined over 47% in the past year but has an average 1-year price target of $3.36, indicating a potential upside of 31.25%.
The launch of CylanceMDR Pro is a significant development for BlackBerry, potentially boosting its cybersecurity segment. However, the stock is currently trading lower, reflecting market skepticism or broader market conditions. The positive analyst price target suggests potential upside.
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