2024-06-27 06:37:30 ET
Summary
- BlackBerry stock jumps 8% premarket after fiscal results, but I remain bearish due to lack of prospects.
- BlackBerry specializes in IoT and cybersecurity, facing challenges in both sectors despite fair near-term prospects.
- Underwhelming revenue growth rates and a stock valuation at 87x this year's EBITDA, suggest overvaluation and limited growth prospects.
Investment Thesis
BlackBerry 's ( BB ) stock jumps 8% premarket on the back of its fiscal Q1 2024 report ....
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BlackBerry Earnings: This Stock Is Berry Expensive