cybersecurity pivot faces headwinds as stock seeks stability By Investing.com
BlackBerry (NYSE:) Limited (NYSE:BB; TSX:BB), once a dominant force in the smartphone industry, has undergone a significant transformation in recent years. The company has pivoted its focus towards enterprise software, cybersecurity, and Internet of Things (IoT) solutions. With a current market capitalization of $1.9 billion and trading at $3.20 per share, InvestingPro analysis suggests the stock is currently trading slightly above its Fair Value. This strategic shift has been accompanied by ongoing restructuring efforts and market challenges, presenting a complex picture for investors and analysts alike.
Transition and Current Business Focus
BlackBerry’s journey from a hardware-centric company to a software and services provider has been…
