Blackberry Stock: A BB Stock Analysis
Blackberry stock is on sale at 50% off since we last checked in with the company almost five years ago. At that time, they were said to have completed their turnaround – a pivot from selling smartphone devices to IoT and endpoint protection with their acquisition of AI cybersecurity firm Cylance. Today, they continue to see revenues decline as customers bail on their cybersecurity solution in the face of formidable competitors like Crowdstrike and SentinelOne. Our Blackberry stock prediction says that the company will continue to survive, not thrive, unless they take some major steps to unlock the value to be found in their IoT segment. There are much better ways to invest in cybersecurity than buying shares of BB Stock.
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