#3 - BlackBerry (NYSE:BB)
BlackBerry (NYSE:BB) may be best known to investors as the manufacturers of the mobile devices that were all the rage in the early 2000s. The dawn of the smartphone was not kind to BlackBerry. However, the company is making a comeback due to its emergence as a potentially significant player in the areas of cybersecurity and connected vehicles.
At its core, BlackBerry has always been about security. And the company is partnering with Microsoft (NASDAQ:MSFT) to support its Microsoft Teams platform.
On the connected vehicle front, one challenge that faces automakers is the lack of an established Application Program interface (API) that an app developer can use for every brand. BlackBerry is helping address this issue with its BlackBerry IVY (Intelligent Vehicle Data Platform). IVY is a scalable, cloud-connected software platform that BlackBerry says will give automakers a consistent and secure tool to “read vehicle sensor data, normalize it, and create actionable insights from that data.”
BB stock is up nearly 125% in 2021. However, at one point the stock was up 281%.
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
- $3.69
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 4 Buy Ratings, 5 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $3.60 (2.4% Downside)
