BlackBerry (BB) reports quarterly earnings September 28th. Analysts expect revenue of $207.71 million and EPS of $0.01. The revenue estimate implies a 2% decline sequentially. Investors should focus on the following key items:
BlackBerry Is Finally Monetizing Its Security Features
BlackBerry’s security features have always been its biggest competitive advantage. Consumers did not place much value on BlackBerry’s security features but institutions appear to have. As more sensitive information is placed online, there’s a higher probability it could be hacked into or manipulated by outside parties. I always have wondered if the company could monetize its cryptographic security technology enough to turn it into a real business.
I became more convinced after BlackBerry recently partnered with Microsoft (MSFT) to provide a secure environment for a suite of Microsoft products, including helping users access apps on Apple (AAPL) and Android devices. It may have connoted Microsoft valued BlackBerry’s expertise in cybersecurity. In the short term it appears BlackBerry could be winning in software and security – the new direction CEO John Chen wants to take the company. Read more:
