BlackBerry Limited (BB) Appoints John Wall to Spearhead QNX Division Growth

BB -0.48%

BlackBerry Limited (NYSE:BB) is one of the Canadian penny stocks to buy right now. On November 17, BlackBerry Limited (NYSE:BB) confirmed the appointment of John Wall as the president of its market-leading QNX division.

Pieter Beens / Shutterstock.com The appointment comes as the company seeks to expand and pursue opportunities beyond the automotive sector. Wall is to oversee the company’s push for opportunities in the industrial automation and robotics sectors. The QNX division develops embedded software for various industries using its SDP 8.0 operating system.

“John’s experience and strong reputation in the industry position him uniquely to help drive the QNX business forward. As we embark on the next phase of the QNX growth journey, John’s deep knowledge of the product portfolio and the wider embedded software market will ensure we’re well-placed to address the incredible opportunities we have in front of us,” said CEO John Giamatteo.

Wall is to replace Mattias Eriksson, who is stepping down to pursue other opportunities. BlackBerry Limited (NYSE:BB) is a Canadian technology company that specializes in enterprise software and services. It focuses on cybersecurity and the Internet of Things (IoT). The company provides intelligent security software, endpoint management services, and foundational software for critical embedded systems. While we acknowledge the potential of BB as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Best Mexican Stocks to Invest In and 10 Best Cryptocurrency Stocks to Buy for the Long Term. Disclosure: None. This article is originally published at Insider Monkey.