U.S. Markets close in 15 mins

3 Key Factors Driving BlackBerry's Continued Recovery

Ryan McQueeney
Is (MCS) Outperforming Other Consumer Discretionary Stocks This Year?

On today’s episode of the Tech Talk Tuesday podcast, Ryan McQueeney highlights BlackBerry BB and points to three key factors driving the once-iconic smartphone maker’s evolution into a security-focused enterprise software company.

Remember to subscribe and leave a rating on Apple Podcasts if you enjoy the show!

BlackBerry is a tech company in the midst of a major transition. Its glory days of the mid-2000s—which saw its QWERTY-style smartphones become synonymous with on-the-go businesspeople—are long since gone, and many doubted that the firm would be able to survive in the face of devastating competition from the likes of Apple AAPL and Samsung SSNLF.

BlackBerry responded by ditching its hardware manufacturing business in 2016 and shifting toward an enterprise mobility focus. Now, its platforms and services are a top choice in the budding Enterprise of Things market, where massive companies are in desperate need of security solutions for a growing network of connected devices. 

Shares of BlackBerry are still a long way from their early-2008 highs, but the stock is headed in the right direction thanks to strong leadership and rising demand from its new customer base. But what exactly is to thank for this recovery? What should investors be focused on heading forward?

Ryan answers these questions, and more, on this week’s episode of the Tech Talk Tuesday podcast. Make sure to check out the show to hear his full analysis!

As a reminder, if you feel that we missed something, or if you want us to cover a different story, shoot us an email at podcast@zacks.com. Make sure to check out all of our other audio content at zacks.com/podcasts, and remember to subscribe and leave us a rating!

As always, thanks for listening to the Zacks Tech Talk Tuesday Podcast; we will see you next time!

More Stock News: This Is Bigger than the iPhone!

It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.

Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.

Click here for the 6 trades >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Apple Inc. (AAPL) : Free Stock Analysis Report
BlackBerry Limited (BB) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research