Taking a look at the stock chart of Canadian software company BlackBerry Ltd. (TSX:BB)(NYSE:BBRY) over the past six months, we can see significant volatility which has accompanied an overall upward trajectory for BlackBerry, a company currently undertaking a massive turnaround.
BlackBerry has shown significant process in its bid to become a household name in the portfolio of most Canadian investors, on pace to officially turn a profit in 2017. With years of large operating deficits now seemingly behind BlackBerry, investors have turned their attention to the future, placing bets on the size and frequency of free cash flow moving forward.
The company’s transition to becoming a leader in autonomous vehicle software solutions has resulted in significant share price appreciation for BlackBerry year to date. Since the beginning of the year, BlackBerry’s share price has appreciated more than 50%, making the tech company one of the best performers of the year on the TSX.
The question of what the trajectory of BlackBerry’s stock price will be moving forward is something investors will be taking into consideration as the tech company transitions into the end of 2017. As the company continues to move forward toward fully embracing a new business model and returning value to shareholders, investors will continue to re-evaluate BlackBerry’s competitive position in its primary markets, markets which hold impressive potential and which continue to be the most sought after among competitors looking for growth in the tech sector.
Invest wisely, my friends.
Tech Insider
