#3 - Blackberry Limited (NYSE:BB)
Blackberry Limited (NYSE: BB) - The brand that was an icon at the dawn of the smartphone revolution is attempting to reinvent itself as a supplier of security software. So far, the transition is working. The company has forecast software revenue to increase by 8-10% for the fiscal year 2019. Blackberry has settled nicely into a software security niche and in addition to securing end-point devices for phones, tablets, and other internet-connected equipment, the company is also supplying a variety of software security solutions to the auto industry. This is allowing growth through acquisition. One example has been a recent $1.4 billion cash acquisition of Cylance, a machine learning, and AI company. Fundamentally, the company's gross profit margins remain strong at 77%, but they have yet to show a profit as they transition from their old business to something new. So far in 2019, the stock is up over 15% and is currently trading right around $8.75 a share which is off its 12-month low. The company may still have some kinks to work out, but if you've got some cash that you're willing to speculate with, Blackberry may turn out to be a great buy-and-hold stock.
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)
