Blackberry Ltd. Stock Analysis:
Morningstar maintains a Buy rating on Blackberry Ltd. with a target of $8 on the company’s stock.
Based on 8 analysts’ projections, the average analyst target price for BlackBerry Ltd over the next 12 months is CAD 7.57. The average analyst rating for BlackBerry Ltd. is Buy. BlackBerry Ltd’s stock analysis by Stock Target Advisor is Bearish and is based on 1 positive and 7 negative indications. The stock price of BlackBerry Ltd. was CAD 4.65 at the most recent close. The stock price of BlackBerry Ltd. has changed by +0.24% over the previous week, -1.35% over the previous month, and -58.45% over the previous year.
Blackberry News:
At the CES 2023 technology trade show in Las Vegas, BlackBerry announced that Chinese automaker Dongfeng Motor has chosen to use the company’s IVY platform in the digital cockpit of its next-generation all-electric vehicle model, the VOYAH H97. PATEO, a connected car solutions provider, will also be incorporating BlackBerry’s IVY platform into their digital cockpit for the VOYAH H97. This marks the first design win for BlackBerry’s IVY platform. In addition, the VOYAH H97 will also feature Electra Vehicles’ BlackBerry IVY-powered AI battery management solution, known as EVE-Ai, which is designed to improve the electric vehicle’s range and lifetime, and reduce “range anxiety” for drivers by providing real-time, personalized recommendations for EV battery management. The VOYAH H97 is set to begin mass production in 2024.
About the Blackberry IVY Platform:
BlackBerry IVY is a new platform that was announced by BlackBerry Limited in 2020, which is designed to bring secure and connected features to any device. The platform is built on top of BlackBerry’s existing secure and robust technology, and it is intended to enable a variety of use cases, such as IoT devices and in-vehicle infotainment systems.
BlackBerry IVY consists of two main components: the BlackBerry IVY device software, and the BlackBerry IVY cloud services. The device software is a lightweight operating system that can be installed on any device, regardless of its existing operating system. The cloud services provide the backbone for BlackBerry IVY’s secure communications, device management, and data analytics capabilities.
One of the key features of BlackBerry IVY is its ability to secure any device, regardless of its existing operating system. The device software includes a secure “tunnel” that encrypts all communications between the device and the cloud services. This ensures that data is protected both in transit and at rest, and it helps to prevent unauthorized access to the device.
Another key feature of BlackBerry IVY is its ability to manage and monitor devices remotely. The cloud services include a device management console that allows IT administrators to view the status of all connected devices, deploy software updates, and configure settings. This enables organizations to maintain a secure and compliant fleet of devices, regardless of their location.
BlackBerry IVY also includes data analytics capabilities that can help organizations to better understand their device fleet. The platform provides data on device usage, performance, and security, which can be used to optimize device deployments, improve user experiences, and identify potential security risks.
The BlackBerry IVY platform is designed to be highly scalable, and it can support large fleets of devices across a wide range of use cases. In particular, it is well suited to use cases in the automotive, industrial, and healthcare industries, where security and compliance are critical. BlackBerry also promoting IVY as a platform for Next Generation In-Vehicle-Infotainment (NGIVI) System.
Overall, BlackBerry IVY is an innovative platform that brings secure and connected features to any device, allowing organizations to manage and monitor their device fleets remotely, while also gaining valuable insights into device usage, performance, and security.
Fundamental Analysis (BB:CA)(BB:TSX):
Positive Fundamentals:
High market capitalization:
This organization is among the top quartile and is one of the biggest in its industry. These businesses are typically more reliable.
Negative Fundamentals:
Excessive volatility:
Over the past five years, this company’s total returns have been erratic and higher above the industry average. If you plan to invest in such a stock, be sure your risk tolerance is adequate.
Excessive in comparison to wages:
The stock is trading above the sector median and at a premium to its peers in terms of price to earnings.
Compared to book value, it is overpriced:
On a price to book value basis, the stock is selling at a premium to the median of its peer group.
Extremely leveraged:
In terms of debt to equity, the company is heavily leveraged and in the bottom half of its sector rivals. Check the news, though, and study the sector and management remarks. This can be high at times since the business is attempting to grow quickly.
Poor cash flow:
The last four quarters saw a negative total cash flow for the organization.
Free cash flow that is negative:
In the last four quarters, the company’s overall free cash flow was negative.
Low Growth in Revenue:
Compared to its sector, this stock’s five-year median revenue growth was lower than average.
