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Blackberry Can't Compete With Google

Apr. 04, 2021 6:40 PM ETBlackBerry Limited (BB), BB:CAGOOG, GOOGL, MSFT120 Comments
Alex Pitti profile picture
Alex Pitti


  • Blackberry's KPIs mostly increased modestly in Q4. However, its software ARR fell sequentially again despite the improvement in US auto sales.
  • Management claims IVY won't compete with the big tech firms, but Google shows its solution will provide end-to-end security of mission critical data.
  • The company is separating its software & services business. It's going back to the way it used to report which makes me question why it changed in the first place.
  • Earnings estimates are in free fall. For some reason, John Chen's response to this is putting ads in the NY Times.

Interior of autonomous car. Driverless vehicle. Self driving. UGV. Advanced driver assistant system.
Photo by metamorworks/iStock via Getty Images

Blackberry Is Still A Sell

Since my first article on Blackberry (NYSE:BB), the stock is down 33.07%, but I would still avoid the name. The firm’s Q4 earnings report had a few slight improvements

Data by YCharts

Data by YCharts

This article was written by

Alex Pitti profile picture
I'm currently looking for an analyst position. If you like my posts, please shoot me a DM on here or email me at interviewsalexpitti@gmail.com.

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