They havent tanked they are implementing a lot of other tech, I’ve their stock, very little to do with the BB phone, I think they chose to drop the phone:
BlackBerry Stock Looks Enticing as an Acquisition Play as Its Patents Add Up
BlackBerry has begun working with some large companies which alone could move BB stock
By Larry Ramer, InvestorPlace Contributor Oct 18, 2021, 6:00 am EST
Three of BlackBerry’s (NYSE:BB) new partnerships, announced on Oct. 12, show that more large, prominent tech firms are starting to use BlackBerry’s IT security products. Over time, these alliances should raise the company’s top and bottom lines and drive BB stock up in the process.
A BlackBerry (BB) sign out front of a corporate office in Silicon Valley, California.
Source: Shutterstock
Moreover, I think that these deals could result in BlackBerry becoming a takeover target at some point down the road.
Also worth noting is that the company is effectively integrating artificial intelligence into its security products, making them much more appealing.
As InvestorPlace writer William White explained on Oct. 13, BlackBerry has teamed up with “Alphabet’s (NASDAQ:GOOGL,GOOG) Google, as well as Qualcomm (NASDAQ:QCOM) to advance next-generation automotive cockpits.”
Under the deal, BlackBerry will provide its QNX Hypervisor and its VIRTIO-based reference design for use in Android Automotive OS on the 3rd Generation Snapdragon Automotive Cockpit Platform.
BlackBerry explained that the Hypervisor and VIRTIO will run right out of box easily delivering software upgrades to vehicles even after they’ve been bought and taken home. QNX also allows separate Android applications to utilize the same data.
QNX will make Android Automotive completely secure and impervious to dangerous hacks without compromising the quality of its apps.
Qualcomm (NASDAQ:QCOM) is providing its Snapdragon Platform for the system.
As Google and Qualcomm get used to working with BlackBerry and better appreciate the impressive qualities of the Canadian company’s QNX operating system, they will likely look to team up with BlackBerry much more in the future.
Over the longer term, BlackBerry’s financial results should get a big boost from those projects.
BlackBerry Is Working With Okta
BlackBerry is teaming up with several companies, including Okta (NASDAQ:OKTA) in an attempt to enhance its extended detection and response ecosystem.
Known as XDR, the products allow users to integrate multiple tools into security platforms that defend an organization’s entire IT system.
Unlike competing ecosystems, BlackBerry’s XDR emphasizes the prevention of threats rather than combatting attacks after they’re underway, the company explained. BlackBerry’s system will integrate the capabilities of its partners, including Okta.
A leading identity management company, Okta says that it has over 13,000 customers. Its fiscal 2021 revenue came in at over $835 million, and its market capitalization is above $38 billion.
https://investorplace.com/2021/10/bb-stock-looks-more-enticing-as-an-acquisition-as-its-patents-add-up/