#4 - BlackBerry (TSE:BB)
BlackBerry (TSE:BB) This is not the BlackBerry most consumers remember. But that may be a good thing. BlackBerry is making a strategic pivot out of the handset (i.e. phone) market into the software arena. In the short term, the company looks like a shadow of its former self and investors are treating it that way. However, the long-term outlook on BlackBerry may be bright. The company’s P/S ratio has grown to 5.2X in the fiscal year 2019 largely due to the higher margins and stronger sales growth they are seeing in their software related business. Software and service-related sales no account for over 95% of BlackBerry’s revenue, a 110% increase from 2014 levels. The company’s P/S ratio is comparable to Microsoft and easily outpaces its rival Mobile Iron. In addition, BlackBerry is reporting higher adjusted net margins of approximately 14% as compared to the negative levels they were in five years ago. The company is currently embarking on a promotional world tour to tout its cybersecurity services.
About BlackBerry
BlackBerry Limited provides intelligent security software and services to enterprises and governments worldwide. The company operates through three segments: Cybersecurity, IoT, and Licensing and Other. The company offers CylanceENDPOINT, an integrated endpoint security solution; CylanceGUARD, a managed detection and response solution; CylanceEDGE, an AI-powered continuous authentication zero trust network access solution; CylanceINTELLIGENCE, a contextual cyber threat intelligence service; BlackBerry Dynamics offers a development platform and secure container for mobile applications; BlackBerry Workspaces a secure Enterprise File Sync and Share (EFSS) solution; BlackBerry Messenger (BBM) Enterprise, an enterprise-grade secure instant messaging solution for messaging, voice and video; BlackBerry SecuSUITE is a certified, multi-OS voice and text messaging solution; BlackBerry AtHoc, a secure networked critical event management solution; and BlackBerry unified endpoint management (UEM) solutions.
Read More - Current Price
- C$3.68
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 1 Buy Ratings, 3 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- C$3.42 (7.2% Downside)
