BlackBerry
BB
recently 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.
Human Horizons will be using BlackBerry’s QNX Neutrino Realtime Operating System (RTOS), QNX OS for Safety and QNX Hypervisor for its HiPhi Z vehicle to provide latest technological innovation without compromising on style and comfort.
China-based Human Horizons specializes in developing intelligent and mobility driving technology. The company’s HiPhi Z vehicle has a futuristic cockpit design that boasts an AI assistant and a HiPhi Bot, designed to elevate the driving experience. The use of QNX Neutrino RTOS and QNX Hypervisor functions will extend the design flexibility and scalability of the HiPhi Z vehicle, added BlackBerry.
BlackBerry’s QNX platform is witnessing strong momentum owing to increasing complexity in vehicle electronic architecture. It is the market leader for safety-certified embedded software in automotive. The software is now installed in more than 215 million vehicles.
BlackBerry Limited Price and Consensus
BlackBerry Limited price-consensus-chart
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BlackBerry Limited Quote
In the last reported quarter, the company’s QNX platform secured nine new design wins in Auto and 10 in the General Embedded Market.
Recently, the company
announced
an extension of its use of Amazon Web Services (AWS) to further develop the QNX technology. The technology will now be available in the cloud for developers to aid them in accelerating the time to market for mission-critical embedded systems.
The technology will also improve software reliability in product development and deployment lifecycle. The industries that stand to benefit from cloud-based QNX Neutrino RTOS are automotive, robotics, medical devices, industrial controls, aerospace and defense.
In the automotive industry, original equipment manufacturers can leverage the AWS-powered BlackBerry QNX RTOS to tackle issues such as testing and validating the vehicle’s software ecosystem and meet various functional and safety standards.
BlackBerry currently has a Zacks Rank #3 (Hold). Shares of the company have lost 51.5% in the past year compared with the
sub- industry
’s decline of 29%.
Image Source: Zacks Investment Research
Stocks to Consider
Some better-ranked stocks worth consideration from the broader technology space are
Arista Networks
ANET
,
Blackbaud
BLKB
and
Plexus
PLXS
. Arista Networks and Plexus currently sport a Zacks Rank #1 (Strong Buy), while Blackbaud carries a Zacks Rank #2 (Buy). You can see
the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Arista Networks’ 2022 earnings is pegged at $4.37 per share, up 8.2% in the past 60 days. The long-term earnings growth rate is anticipated at 17.5%.
Arista Networks’ earnings beat the Zacks Consensus Estimate in the last four quarters, the average being 12.7%. Shares of ANET have declined 1.5% in the past year.
The Zacks Consensus Estimate for Blackbaud’s 2022 earnings is pegged at $2.59 per share, up 1.6% in the past 60 days. The long-term earnings growth rate is anticipated at 4%.
Blackbaud’s earnings beat the Zacks Consensus Estimate in the last four quarters, the average being 4.9%. Shares of BLKB have declined 28% in the past year.
The Zacks Consensus Estimate for Plexus’ fiscal 2023 earnings is pegged at $5.98 per share, up 8.9% in the past 60 days.
Plexus’ earnings beat the Zacks Consensus Estimate in three of the last four quarters, the average being 17.5%. Shares of PLXS have increased 16.8% in the past year.
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