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View Poll Results: Did you buy shares ?

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  • Yes, I'm acting now !

    695 62.50%
  • No

    417 37.50%
  1. Sigewif's Avatar
    BlackBerry formal response:

    https://threatvector.cylance.com/en_...al-bypass.html

    "BlackBerry Cylance is aware that a bypass has been publicly disclosed by security researchers. We have verified there is an issue with CylancePROTECT which can be leveraged to bypass the anti-malware component of the product.

    Our research and development teams have identified a solution and will release a hotfix automatically to all customers running current versions in the next few days.

    More information will be provided as soon as it is available."
    Glad to see they are on this, especially since I have Cylance on 2 computers we use for our small business.
    FeitaInc and Greened like this.
    07-19-19 11:26 AM
  2. Corbu's Avatar
    So...

    What do our fair and balanced friends from BoA have to say about CRWD?

    BoA/ML - Equity | 19 July 2019
    Tal Liani/Research Analyst

    CrowdStrike Holdings Inc.

    Solid results and guidance out of the gate; best-in-class growth rates; reiterate Buy

    Reiterate Rating: BUY | PO: 89.00 USD | Price: 72.75 USD

    2Q guidance well above expectations; raise PO to $89
    CrowdStrike reported solid results out of the gate. 1Q revenue/EPS of $96mn/-47c was in-line with the preliminary estimates in the company’s prospectus, representing an impressive 116% YoY subscription growth rate. The 2Q revenue/EPS outlook was well above Street estimates at $104mn/-23c vs $97mn/-31c, and the company also issued better FY20 revenue guidance at $433mn vs consensus’ $412mn. The updated guidance implies 2H YoY revenue growth of about 60%, and we continue to see potential upside as the company executes well with upselling additional subscription services. We raise our estimates to reflect the stronger outlook and raise our PO from $75 to $89, now based on 30x our CY20E EV/Sales (vs prior 27x) to capture higher growth rates.

    Executing well with key metrics all in right direction
    The land and expand model is on full display in 1Q with key metrics all moving in the right direction. First, CrowdStrike is rapidly adding new customers, with 543 net new customers in 1Q vs an average of 319 added per quarter in FY19. The upsell opportunity also remains attractive, with roughly +47% customers adopting 4+ cloud modules out of 10 available modules – a metric that consistently improves. The company highlighted that the majority of new customers are purchasing bundles of three or more modules and sales to existing customers also indicate upsell opportunities, with a net retention rate at roughly 141%. Management highlighted several key wins in the quarter, including a federal customer that is now purchasing seven modules and addressing over 400k endpoints.

    Valuation remains top risk, but justified by attractive TAM
    We continue to flag valuation as a risk, with the stock trading at about 28x CY20E EV/Sales after-hours. However, we see potential for CrowdStrike to continue outperforming expectations which should drive upside for the stock, in our view. We also believe CrowdStrike is positioned well to dominate the $7bn endpoint security market by replacing incumbents and beating fellow next-gen vendors. Over time, the broad platform and introduction of the app store should help CrowdStrike expand its TAM to roughly $25bn+, with further upside being a function of new products for new markets like virtualized environments, containers, mobile devices, IoT, and IT operations.
    07-19-19 12:04 PM
  3. W Hoa's Avatar
    What do our fair and balanced friends from BoA have to say about CRWD?

    BoA/ML - Equity | 19 July 2019
    LOL. Goldman Sachs, J.P. Morgan, Bank of America Merrill Lynch and Barclays led Crowdstrike’s IPO.

    Also.....To the extent that the underwriters sell more than 18,000,000 shares of our Class A common stock, the underwriters have an option to purchase up to an additional 2,700,000 shares from us at the initial public offering price
    Corbu, La Emperor, rarsen and 2 others like this.
    07-19-19 01:08 PM
  4. Corbu's Avatar
    Just beautiful...

    Thanks, mate!
    07-19-19 01:18 PM
  5. W Hoa's Avatar
    Just beautiful...
    Wait until the lock up period ends to see how the share price responds..."the lock-up period shall end 120 days after the date of this prospectus".

    Also...."Upon the completion of this offering, based on the number of shares of our capital stock outstanding as of January 31, 2019, we will have a total of 18,000,000 shares of our Class A common stock outstanding and 178,688,971 shares of our Class B common stock outstanding."

    https://www.sec.gov/Archives/edgar/d...or_future_sale
    Corbu, La Emperor, rarsen and 1 others like this.
    07-19-19 01:42 PM
  6. La Emperor's Avatar
    Pegasus spyware targeting the cloud.

    https://www.ft.com/content/95b91412-...e-3cdf3174eb89

    Interestingly enough, some words of wisdom from JC.

    https://edmontonjournal.com/technolo...8-723d5e41a782
    rarsen, FeitaInc and Greened like this.
    07-19-19 02:36 PM
  7. drobbie's Avatar
    Pegasus spyware targeting the cloud.

    https://www.ft.com/content/95b91412-...e-3cdf3174eb89

    Interestingly enough, some words of wisdom from JC.

    https://edmontonjournal.com/technolo...8-723d5e41a782
    JC needs to cut the talk and do something to demonstrate meaningful growth

    Talk is cheap
    elfabio80 and La Emperor like this.
    07-19-19 09:37 PM
  8. Seadog83's Avatar
    Surprised at the reaction from CRWD's numbers. Well maybe not given the realm we find ourselves in. Modest beats not unlike BB's but a wholly different reaction.

    The big thing that struck me however, is that, based on revenue of 96.1m for this quarter and 103% growth, that implies a dollar value growth of ballpark $49m Yoy.

    They projected $103m for next Q, and full year guidance high end of $436m. So assume similar QoQ growth, and say Q3 113m, Q4 124m.

    Will QoQ growth from Q4 to Q1 next year suddenly jump to like 60% to maintain the 100%+ growth? Or will it be more in line with their own (implied) QoQ guidance of around 7%?

    I feel it's more more likely to be the latter. And if that's the case it would put next years Q1 around $135m or so. So now the Cinderella story not only shows growth around 35% or so (almost neck and neck with Cyance), but it would apparently either be decelerating or stagnating on a dollar basis. Given that it's so early in the game, and there's a huge section of the addressable market unaddressed, shouldn't be the opposite?

    This is a perfect real world example of the multi-iterative forecast of "and then.... and then...? and then....?" that I had talked about with BB in previous posts.

    Two companies, same sphere, both apparently with real time annualized growth rates around 30-35%, one with double the revenues, but that one valued at like 20x the other. For the record I'm not saying CRWD is a bad company. The opposite in fact, but I just have a hard time reconciling their respective valuations given the metrics.
    07-20-19 07:07 AM
  9. drobbie's Avatar
    Surprised at the reaction from CRWD's numbers. Well maybe not given the realm we find ourselves in. Modest beats not unlike BB's but a wholly different reaction.

    The big thing that struck me however, is that, based on revenue of 96.1m for this quarter and 103% growth, that implies a dollar value growth of ballpark $49m Yoy.

    They projected $103m for next Q, and full year guidance high end of $436m. So assume similar QoQ growth, and say Q3 113m, Q4 124m.

    Will QoQ growth from Q4 to Q1 next year suddenly jump to like 60% to maintain the 100%+ growth? Or will it be more in line with their own (implied) QoQ guidance of around 7%?

    I feel it's more more likely to be the latter. And if that's the case it would put next years Q1 around $135m or so. So now the Cinderella story not only shows growth around 35% or so (almost neck and neck with Cyance), but it would apparently either be decelerating or stagnating on a dollar basis. Given that it's so early in the game, and there's a huge section of the addressable market unaddressed, shouldn't be the opposite?

    This is a perfect real world example of the multi-iterative forecast of "and then.... and then...? and then....?" that I had talked about with BB in previous posts.

    Two companies, same sphere, both apparently with real time annualized growth rates around 30-35%, one with double the revenues, but that one valued at like 20x the other. For the record I'm not saying CRWD is a bad company. The opposite in fact, but I just have a hard time reconciling their respective valuations given the metrics.
    One stock exceeded expectations
    The other missed expectations

    The market reacted accordingly. Nothing more; nothing less
    07-20-19 08:03 AM
  10. _dimi_'s Avatar
    I had purchased shares of Netflix back in June of 2013. After a few weeks I sold them because I wasn't sure if their growth story would be sustainable (some analysts said that it wasn't). Instead I bought more shares of BlackBerry :-)

    Since then, Netflix grew their revenues from 1 billion USD (June 2013) to 5 billion USD (today), on a quarterly basis. They didn't create a new market, but they were smart enough to pick up the majority share of a market that was evolving.

    I think the endpoint security market is similar. There's a huge opportunity for AI and cloud solutions, for more than one company, perhaps.

    I don't think that the Crowdstrike valuations are that insane. They might hit 1 billion USD in yearly revenues in 2 years or less. So what should BlackBerry management do in order to get a better valuation out of Cylance? Why are they emphasizing on integrating Cylance into BlackBerry products, when they should really focus on retaining Cylance talent and just sell the h*ll out of the existing Cylance product line?

    I think it's because they're trying to cover up the dismal performance of their ESS division, and that just isn't right. They should leave Cylance as a standalone entity, and let them compete in an industry that will rapidly decide who are the winners, and who isn't....

    If Cylance in a few quarters or years turns out to be rather 'meh', then they will have lost a golden opportunity. You don't integrate technology before it has had the time to proof itself to a really large audience.

    Focus on what brings a higher valuation, because better opportunities and products usually follow. Compare Netflix today to what it was in 2013..
    07-20-19 12:29 PM
  11. rarsen's Avatar
    OT for those interested in Security and Privacy:

    Email sextortion scams are on the rise and they’re scary — here’s what to do if you get one
    https://www.cnbc.com/2019/06/17/emai...m=malwarebytes
    Last year, these complaints rose 242% to 51,146 reported crimes, with total losses of $83 million.
    The advice from experts: Don’t fall for it. It’s all fake. The only reason it works so well, Sopori said, is because “People, especially young people, have come to believe there’s no such thing as privacy anymore.” This belief leads people to assume that anyone can spy on them at any time, or can even misuse their information to create the appearance of impropriety where it doesn’t exist.

    Sextortion Bitcoin scam makes unwelcome return
    https://blog.malwarebytes.com/cyberc...elcome-return/
    Heads up: a particularly nasty sextortion Bitcoin scam from at least the middle of 2018 is making the rounds once again.
    07-20-19 02:08 PM
  12. Bacon Munchers's Avatar
    In my case I'm at the point where previously I've bought back in at the "low" only to see it hit new lows over and over again. All this in an era where supposedly the post-handset "new strategy" should be finally producing results. Instead we have continued poor performance with the attendant deflating share price. I can't believe Chen isn't in private having all out panic attacks or at least questioning his own thinking. There really needs to be a rebalancing of priorities to focus less on building the future and to begin to show some profits from the current revenue streams.

    I have made a recent personal decision to cease adding more funds to purchase even more BBRY shares by way of capping my personal investment risk in this stock. So now, I'm stuck watching my portfolio value drop to unspeakable levels.

    Frustration has simply become the norm.
    Yep. Anyone truly in on this stock has encountered the same.
    At least, for the past few years though, doubling-down for me has always proven lucrative; although, it is not normally recommended to double-down by the status quo of the investment world.

    If you are lower than Prem's average, that should help keep you calm until we see the next upward movement.
    Also, many of the investors that short trade this stock are out for the summer, so by or before Fall, my bet is that this thing will move.
    07-20-19 03:51 PM
  13. Rice Dawg's Avatar
    Surprised at the reaction from CRWD's numbers. Well maybe not given the realm we find ourselves in. Modest beats not unlike BB's but a wholly different reaction.

    The big thing that struck me however, is that, based on revenue of 96.1m for this quarter and 103% growth, that implies a dollar value growth of ballpark $49m Yoy.

    They projected $103m for next Q, and full year guidance high end of $436m. So assume similar QoQ growth, and say Q3 113m, Q4 124m.

    Will QoQ growth from Q4 to Q1 next year suddenly jump to like 60% to maintain the 100%+ growth? Or will it be more in line with their own (implied) QoQ guidance of around 7%?

    I feel it's more more likely to be the latter. And if that's the case it would put next years Q1 around $135m or so. So now the Cinderella story not only shows growth around 35% or so (almost neck and neck with Cyance), but it would apparently either be decelerating or stagnating on a dollar basis. Given that it's so early in the game, and there's a huge section of the addressable market unaddressed, shouldn't be the opposite?

    This is a perfect real world example of the multi-iterative forecast of "and then.... and then...? and then....?" that I had talked about with BB in previous posts.

    Two companies, same sphere, both apparently with real time annualized growth rates around 30-35%, one with double the revenues, but that one valued at like 20x the other. For the record I'm not saying CRWD is a bad company. The opposite in fact, but I just have a hard time reconciling their respective valuations given the metrics.
    Excellent analysis. Companies often jack up their revenues (via discounts, outsized sales commissions, surreptitious price increases with modified bundles, etc.) in preparation for an IPO.

    Crowdstrike is undoubtedly a very good company and has executed flawlessly. But they're not THAT much better, and I think your breakdown nails it.

    However, one area where they'll have an advantage is an ability to use their overpriced stock for acquisitions. They could very quickly broaden their product portfolio with little dilution and maintain their turbocharged growth for a while longer that way. Wouldn't it be something if they end up buying BB...?
    dusdal and Greened like this.
    07-20-19 06:45 PM
  14. abwan11's Avatar
    I had purchased shares of Netflix back in June of 2013. After a few weeks I sold them because I wasn't sure if their growth story would be sustainable (some analysts said that it wasn't). Instead I bought more shares of BlackBerry :-)

    Since then, Netflix grew their revenues from 1 billion USD (June 2013) to 5 billion USD (today), on a quarterly basis. They didn't create a new market, but they were smart enough to pick up the majority share of a market that was evolving.

    I think the endpoint security market is similar. There's a huge opportunity for AI and cloud solutions, for more than one company, perhaps.

    I don't think that the Crowdstrike valuations are that insane. They might hit 1 billion USD in yearly revenues in 2 years or less. So what should BlackBerry management do in order to get a better valuation out of Cylance? Why are they emphasizing on integrating Cylance into BlackBerry products, when they should really focus on retaining Cylance talent and just sell the h*ll out of the existing Cylance product line?

    I think it's because they're trying to cover up the dismal performance of their ESS division, and that just isn't right. They should leave Cylance as a standalone entity, and let them compete in an industry that will rapidly decide who are the winners, and who isn't....

    If Cylance in a few quarters or years turns out to be rather 'meh', then they will have lost a golden opportunity. You don't integrate technology before it has had the time to proof itself to a really large audience.

    Focus on what brings a higher valuation, because better opportunities and products usually follow. Compare Netflix today to what it was in 2013..
    Chen did say he wasn't going to disturb cylances business as it stood until later next year or after spark launches. The market seems to have interpreted that as, "your model isn't showing results and now you've switched gears". Or "you haven't delivered up till now so........

    Posted via CB10
    07-20-19 06:52 PM
  15. Corbu's Avatar
    https://threatvector.cylance.com/en_...ce-bypass.html
    Resolution for BlackBerry Cylance Bypass

    07-21-19 04:31 PM
  16. smithm565's Avatar
    https://threatvector.cylance.com/en_...ce-bypass.html
    Resolution for BlackBerry Cylance Bypass
    Thanks.
    When I first read the article on Vice.com about researchers that were able to trick Cylance's AI tool into "thinking malware was goodware", I have to admit I got a little nervous.
    Considering how much of BlackBerry's future is pegged, not only to the success of Cylance and AI, but to providing elite level security, I thought this could be a major blow. But after looking into the details surrounding the "researchers" and reading through some great info provided by others here, I realized that what will define BlackBerry security more than this supposed "breach" would be how they respond, both in time and action. I believe that this can be used as a turning point and will be referenced moving forward as an example of how they respond to changing threats in cyber security and what makes them the gold standard.
    Reading through their release and I think they nailed it.

    A threat or vulnerability is detected? Look how fast we can fix and seamlessly update:

    "By leveraging the power of our cloud architecture, we are able to automatically deploy these enhancements, minimally impacting our customers... The BlackBerry Cylance platform is designed to be agile and to easily support updates."


    The truth about AI and our commitment to keep ours updated against the newest threats:

    "AI and machine learning models are, by nature, living models. They are designed to evolve and do require periodic retraining and field servicing when appropriate. As we raise the bar against threats, those seeking to bypass these models will continue to search for new vulnerabilities."

    I also liked the polite shot they took at the researchers through "A Note on Coordinated Disclosure" about responsible disclosure.

    ----- A few interesting notes on this:
    -The "researchers" were actually competitors.
    -The article timing. After BB's stock has been pushed back near 52 wk low & on the day another major competitor releases their 1st earnings report as a public co.
    -The article, was updated 4 times throughout the day on the 18th. We saw a similar thing with the Marketwatch article.
    -They only tested this on Cylance: ..."Cylance’s PROTECT isn’t the only security product that uses artificial intelligence. Other firms like Symantec, Crowdstrike, and Darktrace use it too, but Ashkenazy and Zini didn’t test those systems".
    Last edited by smithm565; Yesterday at 06:19 AM.
    Corbu, La Emperor, Greened and 4 others like this.
    07-21-19 08:18 PM
  17. Corbu's Avatar
    I must say I am getting a bit lost with all the auto deals...
    Toyota partners with BYD to make all-electric cars for China market

    Not sure it is relevant, but BYD is a BlackBerry customer:
    Is China Driving the Future of Auto-Mobility?
    Last edited by Corbu; 07-21-19 at 10:09 PM.
    Greened, W Hoa and rarsen like this.
    07-21-19 09:41 PM
  18. Corbu's Avatar
    https://www.prnewswire.com/news-rele...300887501.html
    BlackBerry Appoints SYNNEX Corporation as new American Distributor to Manage and Drive Partner Ecosystem Growth

    Enhanced Agreement Brings Key Cybersecurity Services to the U.S. Market
    Yesterday 08:04 AM
  19. rarsen's Avatar
    OT for those interested in Security and Privacy:

    Equifax to pay at least $575 million as part of FTC settlement
    https://www.cnet.com/news/equifax-to...CMG-01-10aaa1b
    The credit reporting company may have to pay up to $700 million over a 2017 data breach. Letitia James, New York attorney general quoted: 'This company's ineptitude, negligence, and lax security standards endangered the identities of half the US population"
    Greened likes this.
    Yesterday 03:57 PM
  20. Corbu's Avatar
    OT for those interested in Security and Privacy:

    Equifax to pay at least $575 million as part of FTC settlement
    https://www.cnet.com/news/equifax-to...CMG-01-10aaa1b
    The credit reporting company may have to pay up to $700 million over a 2017 data breach. Letitia James, New York attorney general quoted: 'This company's ineptitude, negligence, and lax security standards endangered the identities of half the US population"
    So that's what? $5 per person.

    A disgrace.

    Who cares about security, really?
    rarsen likes this.
    Yesterday 05:01 PM
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