NEW YORK (TheStreet) -- Shares of BlackBerry (BBRY) were gaining 6.4% to $11.99 Thursday after the smartphone maker announced a new partnership with Samsung (SSNLF) to help improve mobile security on Android and a new version of BlackBerry Enterprise Service.
At an event in San Francisco BlackBerry announced a new program that will bring its end-to-end encryption system into Samsung's Knox security system, according to The Verge. The program will bring new encryption standards and support to Knox, including ways to protect data from malware.
BlackBerry also announced its new mobile-security software, BlackBerry Enterprise Service 12, which will work across multiple platforms including BlackBerry OS, Android, and iOS. BES12 adds a new feature that lets mobile users easily log into a company's VPN without carrying a security token to generate numeric passwords. The new software said should help lower companies' IT costs, according to BlackBerry.
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TheStreet Ratings team rates BLACKBERRY LTD as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:
"We rate BLACKBERRY LTD (BBRY) a SELL. This is driven by a number of negative factors, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. Among the areas we feel are negative, one of the most important has been an overall disappointing return on equity."