
TSE:BB
This summary was created by AI, based on 16 opinions in the last 12 months.
BlackBerry, now primarily a software company focused on the automotive industry and cybersecurity, is experiencing significant transformations. While the recent quarterly results have been impressive, showcasing accelerated growth and strong guidance, many experts express caution regarding its overall valuation and sustainability. Some reviews highlight the company's interesting technology, particularly in car security software, while others remind investors of its previous status as a fallen champion with limited upside potential. Despite a notable upward trend in performance and a positive cash flow, volatility and competition in the sector raise concerns, suggesting that potential investors may want to take profits or adopt a wait-and-see approach before committing further.
BB is now trading at 4.4x times' Price/Sales. In 4Q-2023, the company’s revenue declined by -18.4% to $151M, in line with the estimates and EPS is -$0.02, beating estimates of -$0.07. The balance sheet is okay, with net debt of $17M. However, the trailing twelve-month cash flow is concerning, as the company generated -$263M.
The company announced a strategic reveiw which has given shares some support but we wouldn't view it as coming from a posiiton of strength and are not sure we see a whole lot of reason to be excited here.
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Not a good time to buy shares with recent under performance of tech & hardware.
Revenues down to record low.
Shifting to cyber security business units.
Unprofitable 9 out past 10 years.
Would not invest.
Too difficult to tell future of business.