Is BlackBerry a Buy?
Many investors have abandoned BlackBerry (NYSE: BB) over the past decade as the early king of smartphones lost its crown (and then virtually its entire kingdom) to Apple's iPhones and a host of devices using's Alphabet's Android operating system. BlackBerry has tried to stage a comeback over the past six years under CEO John Chen through such efforts as halting first-party production of smartphones, expanding its enterprise software business, and squeezing out licensing fees from its patents.
Those efforts finally began paying off earlier this year as BlackBerry's reported that in fiscal 2019's fourth quarter (which ended Feb. 28) revenue grew for the first time in years. That report also showed improved margins and the return of profits. The stock hit a 52-week high of about $10 in late March after the Q4 numbers were released, but investor interest has since waned. Then, it plunged to a 52-week low of about $5 a share after a mixed fiscal second-quarter report in late September.
Let's discuss what happened and whether or not BlackBerry's turnaround remains intact.
Source Fool.com
