BlackBerry surges after DoD provides vote of confidence

|About: BlackBerry Ltd. (BB)|By:, SA News Editor

The DoD states a new mobile apps/services management program currently supports 80K BlackBerry (BBRY +6.4%) phones, and just 1.8K iOS/Android devices. The first phase of the program will be deployed on Jan. 31.

BlackBerry investors are happy with the news, particularly given the company's recent sales trends, and concerns the DoD would largely rely on iOS/Android hardware going forward.

On Friday, Citron Research cited healthy government support (due to BlackBerry's security expertise) as a reason for being bullish on BlackBerry.