i was wrong....PT $4.50..my analysisThe mgmt at BB never lets anyoe down. I think it's about time they get rid of the cyber division to whoever wants it. They claim it's the best product but no one seems to be buying it. If product is good people buy it but BB can't seem to even compete with SentenialOne anymore. Sentenial has more revenue from their single cyber product now than BB wth like 10 cyber products and it keeps sinking.
BB was always strong in hardware and never good in software cyber. Software is hard to do as you can see with BB for last 5-7 years. They tried hard but can't seem to sell to anyone except for few government agencies to keep the lights ON. Gov migth be stable but it's no growth. For growth you have to sell to corporations and BB can't seem to compete in that space against microsoft, crwd, and sentenial one.
I think best to split the business and get rid of cyber. $1-$2 billion with declining revenue is possible. Use that cash to grow IOT. Even iot is not growing as fast...for next 7 years the backlog is only about $650 billion which is not a high growth marekt for iot. I don't know why they say TAM is $400 billion when we only make like $100 million a year from it.