BlackBerry Ltd
BB: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| j.H | LOCK|bJ$ | LOCK|X%pmsDr |
BlackBerry’s Automotive Software Momentum Is Driving Profitable Growth
Business Strategy and Outlook
We believe BlackBerry offers investors a solid small-cap software opportunity with an attractive market niche. We like BlackBerry’s portfolio focus on two core competencies: secure embedded software for vehicles and secure communications software for regulated industries and governments. These are both relatively low-revenue niches of the market, but with solid growth runways and strong incumbency for BlackBerry. We also like BlackBerry’s newfound emphasis on operating efficiency, profitability, cash flow, and shareholder returns.
