BlackBerry Ltd T.BB

Alternate Symbol(s): BB

Technology Software - Application

BlackBerry Limited is a Canada-based company, which provides intelligent security software and services to enterprises and governments worldwide. The Company leverages artificial intelligence (AI) and machine learning to deliver solutions in the areas of cybersecurity, safety, and data privacy and specializes in the areas of endpoint management, endpoint security, encryption, and embedded systems. It operates in three segments: Cybersecurity, IoT, and Licensing and Other. Cybersecurity consists of BlackBerry UEM and Cylance cybersecurity solutions (collectively, BlackBerry Spark), BlackBerry AtHo, and BlackBerry SecuSUITE. The Company’s endpoint management platform includes BlackBerry UEM, BlackBerry Dynamics, and BlackBerry Workspaces solutions. The IoT consists of BlackBerry QNX, BlackBerry Certicom, BlackBerry Radar, BlackBerry IVY and other Internet of things (IoT) applications. Licensing and Other consists of the Company’s intellectual property arrangements and settlement award.

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BlackBerry Ltd > Hat Tip to AAR

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Post by blackberryon Mar 31, 2021 1:17pm

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Post# 32915092

Hat Tip to AAR

Seeing the business "turning the corner towards stronger trends," Canaccord Genuity upgrades BlackBerry (NYSE:BB) from Sell to Hold and adds a dollar to the price target for $10.
The firm notes BB's weaker than expected Q4 results driven by licensing headwinds due to sales negotiations for part of its mobile patent portfolio.
Canaccord says BlackBerry management has "created a cogent long-term strategy," but the firm is on the sidelines waiting for more evidence of product roadmap execution and emerging cross-selling opportunities.
The firm says a deal to sell the licensing business would "unlock value and provide a capital infusion to drive accelerated software and services growth."

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