BlackBerry a Bargain Option for Tech Investors

BlackBerryBlackBerry Ltd. (NYSE: BB) is a technology company that develops specialized security software and solutions for enterprise and government customers. Its service offerings include mobile security solutions, endpoint management, unified security, and cybersecurity consulting.

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With a stock that trades for less than $5 today, BlackBerry is a bargain. It is a market leader in mobile security and cybersecurity, and its reputation gives it an edge in the government and large enterprise sectors.

The company generated a turnaround in its 2020 fiscal year. Revenue grew by 16.56%, following consistent declines in recent years. Gross income increased by 3.11%, contributing to a gross profit margin of 55.19%. The company is mildly profitable with an EBITDA margin of 4.13%.

BlackBerry exit from the smartphone market was clearly the right move for the company. By focusing on security, which was always its biggest point of differentiation, it can generate revenue without having to compete with major companies like Apple and Samsung. Investors looking for a tech-focused security stock will find this bargain pick to be compelling in Q4. With an average target price of $7.00, a short-term upside is likely.

Key Data:

  • 1 Year Price Growth: -9.39%
  • YTD Price Growth: -26.32%
  • 3 Month Price Growth: 28%

All information is based on current and historical market data, as well as publicly available financial data. As with any financial decision, your own research is important. Stock market outcomes can never be 100% accurately predicted. Familiarity with historical data, individual industries, and individual stocks is key to developing a robust portfolio. Note that stock prices can fluctuate rapidly during trading sessions.

 

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The reports, research and newsletter are based on current and historical market data, as well as publicly available financial data.They are intended to be a starting point for investors. They do not provide every material fact about a company or industry, nor are they recommendations to buy or sell. The writers and the company make no warranties or representations as to the accuracy of these reports.   You should NOT rely solely upon the information or opinions read in the content. Rather, you should use the content as a starting point for doing independent research on the independent analysis and trading methods in the content. The content is impersonal and does not provide individualized advice or recommendations for any specific reader or individual portfolio. By accessing this website you have agreed to our disclaimers and privacy policy.

 

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