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BlackBerry (TSX:BB) stock jumped 7% to over $4 in the first week of May as the TSX Composite Index surged on hopes of an interest rate cut in June. This stock has kept investors waiting for decades. After years of declining revenue and no profits, there is some hope of a positive cash flow with a new chief executive officer (CEO) at the helm. A newly restructured BlackBerry will have two business segments operating individually.
Long-term bull scenario of BlackBerry
BlackBerry operates in two high-growth segments: the Internet of Things (IoT) and endpoint cybersecurity. Both have a total addressable market of US$32 billion in 2025 and US$52 billion in 2026, respectively.
BlackBerry’s IoT business has QNX Software that helps in asset tracking and operating systems. It also has IVY vehicle communication, giving it an edge in connected devices. These software have been getting design wins. Hence,…
