Should i buy blackberry stock

Should i buy blackberry stock

Posted: Dusterr Date: 24.05.2017
should i buy blackberry stock

At what point does a corporate turnaround simply become a busted company? BBRY , patience must be running thin by this point.

BBRY Latest News & Analysis - BlackBerry Ltd. | Seeking Alpha

BlackBerry has been in full-on turnaround mode since , and yet the company continues to lose money and see revenues shrink. Hardware sales are gone now. Investors can finally focus fully on security and software sales. QNX for autonomous driving could be a big hit, or at least stir up some hype. However, BBRY stock has a lot of underwater investors stuck. If the turnaround stalls out, yet again, look for many suffering owners to finally bail.

Blackberry last made an operating annual profit in At this point, it only infrequently even posts positive EBITDA on a quarterly basis after striping out adjustments. Yes, the company has massively slashed costs to stem the bleeding, but revenue has fallen even faster.

Sure, there is talk of a turnaround now with the business pivoting away from smartphones. Licensing May Not Amount to Much: BlackBerry secured a deal in December to license its name and security software out to Chinese phone manufacturer TCL Communications. TCL already sells a huge volume of Alcatel phones.

Security Focus May Not Work: BBRY has long maintained its reputation as a leading security company within the smartphone space. While consumers bailed to flashier phones years ago, security-focused clients such as sensitive government departments stuck with BlackBerry until the end. Lately, BlackBerry has acquired a bunch of small niche security software companies.

The One Reason To Get A BlackBerry In Security

This product could pick up traction both as a standalone option and as a feature that goes into the BlackBerry-branded smartphones. However, the hype for security companies appears to be fading. Despite all sorts of Russian hacking stories, security companies have lost ground. Palo Alto Networks Inc NYSE: PANW just collapsed on earnings. FEYE has punished its investors for quite a few quarters now.

I could go on.

BlackBerry is garnering attention as a potential self-driving car play. The province of Ontario has put in place measures making it easier for firms to test self-driving vehicles there.

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Its contract wins include a big one with Ford Motor Company NYSE: Software revenues have barely budged over the past year. Article printed from InvestorPlace Media, http: Financial Market Data powered by FinancialContent Services, Inc. Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes. Stocks to Buy Stocks to Sell Dividend Stocks Penny Stocks Hot Stocks Stock Market Today.

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