COVID impacts Blackberry investors

Article Excerpt

BLACKBERRY LTD. $6.38 is still a hold. To add value for investors, the company (Toronto symbol BB; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares o/s: 554.2 million; Market cap: $3.5 billion; Price-to-sales ratio: 4.5; No dividend paid; TSINetwork Rating: Speculative; www.blackberry.com) quit developing smartphones in 2016 to focus on its more-promising security software for mobile phones and self-driving cars. It is now seeing strong demand for BlackBerry Digital Workplace software as COVID-19 has forced more employees to work at home. This product lets workers securely access email and other sensitive files from a wide variety of devices, including laptop computers and smartphones. However, the pandemic and the resulting economic slowdown will probably cut the funds that businesses can spend on new software and services. That will likely limit overall growth for Blackberry and its investors, at least for the next few months. months…