BlackBerry (TSX:BB) Stock: A Major Red Flag : vimarsana.com

BlackBerry (TSX:BB) Stock: A Major Red Flag


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BlackBerry Inc (TSX:BB)(NYSE:BB) has had an interesting run this year. After a decade in seemingly terminal decline, the stock rose 273% to about $34, before giving up some of its gains later. It’s still up from where it was at the start of the year, but down more than 50% from its 2021 high.
Some investors believe that BlackBerry has a bright future. The company carries a stigma from its failure in the smartphone wars, but that’s not relevant to the business today. BlackBerry today is an enterprise software company that develops security software and apps for cars. The company’s QNX software was installed on 175 million vehicles at the start of this year.

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