Is BlackBerry Limited (BB) A Good Stock To Buy Now?

Is BB a bully banal to buy? We came crossed a bullish thesis on BlackBerry Limited connected Beyond the Noise’s Substack by Cristobal Botanch. In this article, we volition summarize the bulls’ thesis connected BB. BlackBerry Limited's stock was trading astatine $5.09 arsenic of April 24^th. BB’s trailing and guardant P/E were 56.56 and 29.67 respectively according to Yahoo Finance.

Photo by Danial Igdery connected Unsplash

BlackBerry Limited provides intelligent bundle and services to enterprises and governments worldwide. BB is emerging arsenic a compelling turnaround communicative pursuing its Q4 FY2026 results, which reinforced sustained gross and profitability momentum aft years of transition.

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The institution reported $156 cardinal successful revenue, exceeding guidance, alongside $36.1 cardinal successful adjusted EBITDA with a 23% margin, marking its eighth consecutive 4th of improved GAAP profitability. At the halfway of BlackBerry’s concern lawsuit is its QNX platform, a mission-critical real-time operating strategy embedded successful implicit 275 cardinal vehicles globally.

QNX operates connected a royalty-based exemplary tied to production, supported by a increasing $950 cardinal bid backlog, delivering 20% maturation and 27% EBITDA margins, positioning it arsenic a high-quality “Rule of 40” business. Despite this, the marketplace continues to undervalue BlackBerry arsenic a bequest mobile company, creating a important perception-driven discount. The Secure Communications segment, agelong viewed arsenic a drag, is present stabilizing with stronger request from authorities clients amid rising defence spending.

Additional upside stems from QNX’s enlargement into robotics, healthcare, and concern applications, alongside Alloy Kore, a pre-integrated automotive bundle level expected to importantly summation gross per vehicle. Although not yet reflected successful estimates, ongoing discussions with large automakers awesome meaningful potential.

With shares down astir 50% contempt improving fundamentals, BlackBerry trades astatine depressed multiples comparative to humanities averages. As escaped currency travel procreation improves and caller contracts materialize, the institution appears well-positioned for aggregate expansion, offering important upside driven by some operational execution and a displacement successful marketplace perception.

Previously, we covered a bullish thesis connected BlackBerry Limited (BB) by NYCandrun successful February 2025, which highlighted its mispricing contempt beardown QNX growth, IVY level potential, and a stabilizing cybersecurity segment. BB’s banal terms has depreciated by astir 8.78% since our coverage. Cristobal Botanch shares a akin presumption but emphasizes connected the confirmed turnaround, improving profitability, and incremental upside from Alloy Kore.