Down 12% YTD, Is BlackBerry Stock a Buy?

Shares of BlackBerry (BB) have trailed the broader markets by a wide margin in the last decade. BlackBerry was once the largest mobile device manufacturer in the world but lost the smartphone race to Apple (AAPL), Samsung, and a slew of Chinese manufacturers. 

In late 2016, BlackBerry exited the smartphone manufacturing business to focus on its high-margin software solutions business, which drove investor optimism higher. However, since the start of 2017, BlackBerry stock has fallen over 50%. The tech stock is down 12.4% year-to-date, while most broader indices are just about 2% away from all-time highs.