BlackBerry Stock Prediction: BlackBerry Is Flourishing As A Security-Focused Software Company
The article was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology – Senior Analyst at I Know First.
BlackBerry Stock Prediction
Summary:
- My last buy recommendation for BlackBerry was last July 21. After dipping below $9 in August, the stock is again trading above $11.
- BlackBerry posted a beat on revenue and EPS estimates last September 28. Consequently, investors pushed its stock to as high as $11.34.
- BlackBerry is clearly flourishing as a security-focused software provider. There is hope yet for this fallen angel.
- Chen failed to turnaround BlackBerry’s phone hardware business but he is succeeding in his new software-centric strategy.
- BBRY has positive near and long-term algorithmic forecasts from I Know First. There’s probability that BBRY can post a new 52-week high before 2017 ends.