Oh wow, still shooting up as I was typing that. Up 19.09% today.
https://www.cnn.com/2019/03/29/tech/...hen/index.html
Quote:
BlackBerry (BB) shares surged more than 10% Friday morning after the company reported earnings and sales that topped forecasts. The company also raised its outlook for its current fiscal year. BlackBerry (BB)’s stock has now surged more than 40% so far in 2019.
The key to BlackBerry’s success: a transition from the cutthroat business of selling hardware to the far more lucrative world of software – particularly cybersecurity and the so-called Internet of Things for connected devices like cars.
|
Quote:
BlackBerry also recently acquired Cylance, a leader in using artificial intelligence and machine learning for cybersecurity. Cylance sells a lot of its products to banks.
Chen told CNN Business that BlackBerry may do some other small acquisitions to complement the Cylance business as well as its QNX software that powers infotainment systems in cars.
But the message to Wall Street is clear. BlackBerry, whose corporate survival was in doubt shortly before Chen took charge as the company was losing money and hemorrhaging cash, is no longer on death’s door. It’s thriving.
|
Stock market aside, this is great to see a Canadian giant rising again in a different way.