Here's Why I'm Waiting to Buy BlackBerry Stock
- A vast addressable market. Following its transition to a software-based security business initiated several years ago,...
- Challenges in cybersecurity. However, BlackBerry remains far from reaching that growth trajectory. During its first...
- Internet of Things. In contrast, BlackBerry's Internet of Things (IoT) segment showed...
Full Answer
Is BlackBerry a good stock to buy?
This is an underloved company which had done an amazing pivot. Stockchase rating for BlackBerry is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.
What happened to BlackBerry Limited stock?
The BlackBerry Limited stock price fell by -0.45% on the last day (Thursday, 20th Jan 2022) from $8.93 to $8.89. and has now fallen 3 days in a row. During the day the stock fluctuated 4.90% from a day low at $8.87 to a day high of $9.31.
What does BlackBerry do for a living?
The company develops and offers smartphones with the BlackBerry 10 OS and Android OS, as well as BlackBerry 10 smartphones; and enterprise mobility management and mobile security software, and a portfolio of enterprise software solutions and services that could be deployed across a range of ecosystems and devices. It also licenses QNX so...
How does BlackBerry keep your data safe?
It employs artificial intelligence and machine learning to keep customer data safe and private. On May 17, the company announced BlackBerry Optics 3.0, a next-generation cloud-based security product, as well as a new zero-trust network access product called BlackBerry Gateway.
Is BlackBerry stock a good buy?
BlackBerry (BB) doesn't make smartphones anymore. Yet the midcap firm, with a $3.9 billion market value, actually beat the market last year with a 41% gain in 2021. Yet BlackBerry stock has definitely cooled off a lot since June, when Wall Street analysts downgraded the stock.
Why should I invest in BlackBerry?
Analysts, however, expect sales to rise to 23.3% to $900 million in fiscal 2024, while the adjusted net loss per share might narrow to $0.03. There is a good chance for BlackBerry to raise equity capital and dilute shareholder wealth given it ended the most recent quarter with $407 million in cash.
Should I sell BlackBerry stock?
In the last year, 10 stock analysts published opinions about BB-T. 4 analysts recommended to BUY the stock. 6 analysts recommended to SELL the stock.
Is BlackBerry stock a buy sell or hold?
BlackBerry has received a consensus rating of Hold. The company's average rating score is 1.67, and is based on 1 buy rating, 2 hold ratings, and 3 sell ratings.
What's the prediction for BlackBerry stock?
Stock Price Forecast The 7 analysts offering 12-month price forecasts for BlackBerry Ltd have a median target of 6.50, with a high estimate of 20.00 and a low estimate of 4.50. The median estimate represents a +17.54% increase from the last price of 5.53.
What is the future for BlackBerry?
Going forward the company will make its revenue primarily through its cybersecurity products and its IoT products. At its core, BlackBerry has always been about cybersecurity. However, on the company's earnings call, it said it expects revenue from the cyber sector to be flat in 2022.
Is BlackBerry going out of business?
No Longer in Service: BlackBerry Phones Come to Their End. BlackBerry was once Canada's most valuable company and a global force in tech. The final step in its downfall as a phone maker arrived this week.
Why is BlackBerry stock dropping?
BlackBerry Stock Falls After Disappointing Quarterly Report The company noted that licensing revenue would be minimal in the new fiscal year, and this statement has clearly put pressure on BlackBerry stock. BlackBerry shares enjoyed several positive moments in 2021 due to the meme-stock mania.
Does BlackBerry stock pay a dividend?
BLACKBERRY (NYSE: BB) does not pay a dividend.
Will BlackBerry stock go up tomorrow?
Tomorrow's movement Prediction of BlackBerry Limited BB as on 16 Jun 2022 looks Bearish... There has been some negative changes in this stock and it appears that this sentiment can continue tomorrow....Munafa value: 25 as on 16 Thu Jun 2022.Downside target4.84Upside target5.38Upside target5.56Upside target5.75 more rows
Is BlackBerry a buy Zacks?
See rankings and related performance below. The VGM Score are a complementary set of indicators to use alongside the Zacks Rank....Momentum Scorecard. More Info.Zacks RankDefinitionAnnualized Return1Strong Buy25.08%2Buy18.56%3Hold10.15%4Sell5.79%2 more rows
How does BlackBerry make money?
In BlackBerry's 2021 financial year, the company's revenue was around 893 million U.S. dollars. The business segment that provided the majority of the revenue was Software & Services. This is a noticeable difference from earlier in this decade, when devices were the predominant source of revenue for BlackBerry.
What is an X industry?
The X Industry (aka Expanded Industry) is a subset of the M (Medium Sized) Industry, which is a subset of the larger Sector category, which is used to classify all of the stocks in the Zacks Universe. The Zacks database contains over 10,000 stocks.
What is value scorecard?
The Value Scorecard identifies the stocks most likely to outperform based on its valuation metrics. This list of both classic and unconventional valuation items helps separate which stocks are overvalued, rightly lowly valued, and temporarily undervalued which are poised to move higher.
Where is BlackBerry located?
Headquartered in Waterloo, Canada, BlackBerry Limited was incorporated in 1984. The company provides intelligent security software and services to enterprises and governments around the world. It offers devices and software platform for managing security, mobility and communications among hardware, programs, mobile apps and the Internet of Things. BlackBerry UEM is reportedly the only unified endpoint management system to be included on the Department of Defense Information Network (DoDIN) Approved Products List.
Does Zackstrade endorse or recommend investment strategies?
The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities.
Is a B better than a C?
An A is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F. Value Score A. As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B.
BlackBerry is pulling the right strings in this lucrative market to power its long-term growth
Harsh has been covering technology, and sometimes retail, since 2011. He is focused on finding great businesses for the long run. You can follow him on twitter @techjunk13
Automotive security is a big opportunity
Vehicles connected to the internet create the need for strong cybersecurity measures. In 2015, a couple of hackers demonstrated how they could hack into a Jeep Grand Cherokee, toying with the car's electronics and even the transmission.
BlackBerry's moves
BlackBerry recently struck a strategic partnership with Qualcomm for the development and production of automotive platforms for next-generation vehicles.
Promising industry
BlackBerry has gone through a deep transformation of its business in the past several years: from a market-leading (then failing) smartphone maker to a cybersecurity company. Today, BlackBerry is viewed as a top security provider, as its solutions are claimed to address more than 96% of cyberthreats.
Contracts are inked
BlackBerry’s solutions, including QNX, IVY and others, seem to be gaining traction with the company’s clients. BlackBerry has reported several deals that could help it to drive increased revenue in the future.
Meme factor
Some analysts may see BB’s meme status as a risk. However, the stock can also benefit from a combination of increased popularity among retail investors and elevated short interest (the ratio was still around 8% as of the end of Q3, which is neither low nor too high).
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Is BlackBerry a deep value stock?
After plunging back to $10 and change, BlackBerry is a deep-value stock, plain and simple. And deep-value investing isn’t going to be everybody’s cup of tea. It can be painful; extended periods of underperformance can bring one to doubt their investment theses.
Is BlackBerry stock a roller coaster?
BlackBerry stock has dragged for years. And even long-term investors may have nothing to show for staying aboard the roller coaster ride of a stock. It’s tempting to throw in the towel, as there are a tonne of other top-notch tech firms that have already proven to investors that they can sustain explosive growth.
Is BlackBerry going to end?
It’s been a painful roller-coaster ride for BlackBerry and it’s probably not about to end anytime soon. Analysts couldn’t be more skeptical about the name, even with promising new initiatives such as the vehicle data platform collaboration with Amazon Web Services (AWS) named project IVY. As one of the few tech companies that actually took a major hit as a result of the pandemic, it’s not a mystery as to why many long-time investors are beginning to lose their patience.
What does a high score mean on BlackBerry?
Stockchase rating for BlackBerry is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.
What is the symbol for BlackBerry?
BlackBerry is a Canadian stock, trading under the symbol BB-T on the Toronto Stock Exchange (BB-CT). It is usually referred to as TSX:BB or BB-T.
When will BlackBerry be released?
BlackBerry (BB-T) December 21, 2020. It is in two businesses – data security for companies and in the auto sector for the connected car. They complete with data security against MSFT-Q with products offered almost for free and the other is PANW-N who announces business they took away from competitors.
How much will BlackBerry lose in 2022?
Wall Street expects a net loss of 16 cents a share in the fiscal year ending in February 2022, before the company turns a profit of 3 cents a share in FY 2023. Since earnings tend to be the No. 1 factor for a stock's growth prospects, it may come as no surprise that BlackBerry gets lackluster ratings from IBD.
What is BlackBerry Optics 3.0?
On May 17, the company announced BlackBerry Optics 3.0, a next-generation cloud-based security product, as well as a new zero-trust network access product called BlackBerry Gateway.
How many BlackBerry shares have been shorted?
More than 35 million shares have been sold short, according to data analyzed by MarketSmith. So it would easily take less than one day's worth of BlackBerry's average trading volume (50.3 million shares per day) for the short sellers to buy shares and cover their bearish positions.
When was BlackBerry invented?
Founded in 1984 in Waterloo, Canada, BlackBerry's internet-enabled smartphones became iconic during the dot-com bubble and even after the Nasdaq's market top in 2000. During the first half of that decade, BlackBerry became so addictive that some users called their devices "CrackBerry.".
Does BlackBerry make smartphones anymore?
A lot has changed since then, to say the least. BlackBerry ( BB) doesn't make smartphones anymore.
Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, February 23, 2022, and so far it has risen 7.35%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices.
Support, Risk & Stop-loss
BlackBerry Limited finds support from accumulated volume at $6.65 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
Is BlackBerry Limited stock A Buy?
BlackBerry Limited holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Insiders are negative selling more shares than they are buying in BlackBerry Limited
In the last 100 trades there were 5.29 million shares bought and 9.13 million shares sold. The last trade was done 25 days ago by Cook Randall who bough 13.34 thousand shares. In general the insiders are selling more stocks than they buy. There can be a variety of reasons for this, but in general it can be considered as a negative signal.
About BlackBerry Limited
BlackBerry Limited develops and sells smartphones and other devices under the BlackBerry brand name worldwide.
Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star. This signal is rare and, in most cases, gives substantial returns. From 10 000+ stocks usually only a few will trigger a Golden Star Signal per day!
Top Fintech Company
featured in The Global Fintech Index 2020 as the top Fintech company of the country.
Which is better, Shopify or BlackBerry?
Most investors would agree Shopify is the better stock with superior growth potential. So the fact that it’s also cheaper than BlackBerry stock makes it a no-brainer buy and points to why investors should avoid BlackBerry unless you can buy it undervalued and you plan to hold it for years to come.
What is the Motley Fool's recommendation for Shopify?
The Motley Fool owns shares of and recommends Shopify. The Motley Fool recommends BlackBerry and recommends the following options: long January 2023 $1,140 calls on Shopify and short January 2023 $1,160 calls on Shopify.
Is Shopify a stock?
Shopify is a stock that investors know well and has a tonne of potential to continue growing for years into the future. Plus, unlike BlackBerry stock, Shopify is actually trading below its average analyst target price and offers more growth potential over the coming years. According to analyst estimates, there is more than 20% upside in Shopify’s ...
Is BlackBerry stock overpriced?
Unless its company can have a major development to its business, it looks like it’s overpriced at the moment. Rather than gamble on whether or not BlackBerry’s price can gain in the short-term, investors should look for even better tech stocks that are actually trading undervalue today.
Is BlackBerry a stock?
BlackBerry is a tech stock. The company is well known as a smartphone maker. Today, though, its main business is software, and more specifically, software security. Software security is an important subsector of the technology industry. Security is always crucial, especially with new technology being developed every day ...
