BlackBerry has been seeing its business stabilize as growth in the software business offsets declines in the smartphone and Service Access Fee space. In this note, we take a look at the company’s outlook and some of the trends driving our $11 price estimate. BlackBerry has also been betting on emerging areas such as autonomous vehicles and the Internet of Things, leveraging its QNX software platform. Late last year, the company entered into an agreement with a unit of patent licensing company Marconi Group, to sub-license its patents to global smartphone vendors. We have a $11 price estimate for BlackBerry which is roughly in line with the current market price.

Source: Forbes May 08, 2018 17:37 UTC