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BlackBerry Stock: Is It a Buy Today?

Depending on how you look at it, things could be either good or bad at Canadian tech turnaround story BlackBerry (NASDAQ: BBRY  ) . Thus far in 2014, BlackBerry stock has surged by an impressive 32%.

^IXIC Chart

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However, zoom out and you'll see that BlackBerry stock is sitting firmly in the red, down 30% over the past 12 months. BlackBerry's chances of survival in present and emerging tech markets against the likes of Apple  (NASDAQ: AAPL  ) and Google certainly seem far-fetched. So why the upswing this year?

How BlackBerry got its groove back
Under new CEO John Chen, BlackBerry has made all the right moves, deleveraging its financial results from its mobile-phone business that's dying in plain sight against Apple's iPhone and Google's Android empire.

However, getting a true sense of just how viable a place BlackBerry can carve out in its new verticals has proved challenging since Chen first announced BlackBerry's reformation last year. For instance, BlackBerry's QNX currently dominates the in-car infotainment space, with software like Apple's CarPlay relying on QNX to a large degree. However, with Apple and Google both looking to make inroads in emerging technology verticals, it's hard to gauge how BlackBerry's turnaround will play out in the years ahead, as tech and telecom specialist Andrew Tonner discusses in the following video.

How you can cash in on the coming wearables revolution
Apple recently recruited a secret-development "dream team" to guarantee that its newest smart device was kept hidden from the public for as long as possible. But the secret is out, and some early viewers are even claiming that its everyday impact could trump the iPod, iPhone, and the iPad. In fact, ABI Research predicts that 485 million of these devices will be sold per year. But one small company makes this gadget possible. And its stock price has nearly unlimited room to run for early in-the-know investors. To be one of them, and to see Apple's newest smart gizmo, just click here!


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  • Report this Comment On June 26, 2014, at 11:55 AM, MarkSpector wrote:

    Blackberry 2014 has 3 things in common with Apple 1997

    1) Strong leader whose taken over -- I'm not saying that John Chen is Steve Jobs, but I am saying Chen is smart, strong and has a track record of successful turnarounds (and exits).

    2) Fanatically loyal user base -- and I'm not talking about people who prefer thumb typing to glass keyboards. BBRY's loyal customers are in the server room of large enterprises. Chen has smartly refocused BBRY's energy on meeting this customer's needs.

    3) A handful of valuable assets to build on --QNX, BB Messenger, and enterprise apps may or may not have a future. But they have a now. And that can keep the current loyal customer base happy and generating while BBRY's newly refocused management puts its energy into meeting their growing needs.

    No, I'm not saying that BBRY will be as big as Apple in 17 years. But I believe it pays to make a small investment in Blackberry because these three factors reduce risk and the potential reward can be very high.

    Disclosure: I'm long a couple of BBRY $5 call options for January and expect to exercise them to pick up cheap share. May also buy a couple of hundred shares if the price dips again to 7.

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Andrew Tonner

Andrew Tonner is a tech specialist for The Motley Fool. He is a graduate of The University of Arizona with a degree in Finance.

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