On today’s episode of the Tech Talk Tuesday podcast, Ryan McQueeney highlights BlackBerry (NYSE:BB) and points to three key factors driving the once-iconic smartphone maker’s evolution into a security-focused enterprise software company.
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BlackBerry is a tech company in the midst of a major transition. Its glory days of the mid-2000s—which saw its QWERTY-style smartphones become synonymous with on-the-go businesspeople—are long since gone, and many doubted that the firm would be able to survive in the face of devastating competition from the likes of Apple (NASDAQ:AAPL) and Samsung (OTC:SSNLF) .
BlackBerry responded by ditching its hardware manufacturing business in 2016 and shifting toward an enterprise mobility focus. Now, its platforms and services are a top choice in the budding Enterprise of Things market, where massive companies are in desperate need of security solutions for a growing network of connected devices.
Shares of BlackBerry are still a long way from their early-2008 highs, but the stock is headed in the right direction thanks to strong leadership and rising demand from its new customer base. But what exactly is to thank for this recovery? What should investors be focused on heading forward?
Ryan answers these questions, and more, on this week’s episode of the Tech Talk Tuesday podcast. Make sure to check out the show to hear his full analysis!
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As always, thanks for listening to the Zacks Tech Talk Tuesday Podcast; we will see you next time!
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