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BlackBerry Ltd BB

Rating as of

Morningstar’s Analysis

Valuation
Currency in USD
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1-Star Price

PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

Capital Allocation

PREMIUM

We’re Nonplussed by BlackBerry’s Surge on Oct. 19; Maintain $7 FVE

Analyst Note

| William Kerwin |

No-moat BlackBerry rose as much as 15% in midday trading on Oct. 19, but we don’t think this reflects any shift in fundamentals and we reiterate our $7 fair value estimate. We continue to view shares as fundamentally overvalued.

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Company Profile

Business Description

BlackBerry, once known for being the world’s largest smartphone manufacturer, is now exclusively a software provider with a stated goal of end-to-end secure communication for enterprises. The firm provides endpoint management and protection to enterprises, specializing in regulated industries like government, as well as embedded software to the automotive, medical, and industrial markets.

Contact
2200 University Avenue East
Waterloo, ON, N2K 0A7, Canada
T +1 519 888-7465
Sector Technology
Industry Software - Infrastructure
Most Recent Earnings Aug 31, 2021
Fiscal Year End Feb 28, 2022
Stock Type
Employees 3,497

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