Could BlackBerry Become the Next CrowdStrike?
Over the past decade, (NYSE: BB) has reinvented itself as a cybersecurity and Internet of Things (IoT) software company to offset its loss of the smartphone market to Apple and Alphabet's Google. To accelerate that transformation, BlackBerry stopped manufacturing its own first-party hardware in 2016, bought the cybersecurity company Cylance in 2019, divested some of its weaker businesses, and nurtured the growth of QNX -- which it acquired back in 2010 -- as the world's leading embedded operating system (OS) for connected vehicles.
That turnaround plan prevented BlackBerry from going bankrupt, but its stock has been cut in half over the past decade. It's also trading 97% below its all-time high of $147.55 in 2008 when its brand was still synonymous with smartphones.
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Source Fool.com
