F Stock – Has It Today Chance To Recover? – Fintech Zoom
During the last trading session, BlackBerry (BB) stock was dropped from $13.51 to $12.89, showing a 4.52% decline in stock price. Today we can observe, that the predicted price at pre-market is higher, representing a 0.93% rise. Not as much, but could the company after this little climb, jump higher or it’s just a one-day movement?
On June 21, 2021, BlackBerry announced that Strategy Analytics, a renowned independent research organization, has determined that BlackBerry “QNX” software is now installed in over 195 million cars, up 20 million from the previous year. BMW, Bosch, Ford, GM, Honda, Mercedes-Benz, Toyota, and Volkswagen are among the automakers, that rely on BlackBerry QNX software for a variety of critical systems.
BlackBerry also announced that at the conclusion of the first quarter of fiscal 2022, the backlog of BlackBerry QNX royalty revenue has swelled to $ 490 million. This is a 9% increase over the previous year’s $ 450 million. Experts assume that BlackBerry’s QNX is ideally positioned to take advantage of long-standing trends such as increasing security-critical in-car software, transitioning to electric vehicles, and transitioning to autonomous driving.
Finance and Tech Contributor