Blackberry Limited (BB) leverages artificial intelligence (AI) and machine learning to deliver solutions to enterprises and governments in the areas of cybersecurity and data privacy. It also offers endpoint security management, encryption, and embedded systems. The company operates through three segments, including BlackBerry Spark; BlackBerry IoT Solutions; and BlackBerry IP Licensing.
Just over a year ago, BB’s stock was heavily influenced by meme mania. Retail investors got together on social media forums, such as Reddit’s WallStreetBets, to bet against the stock, resulting in short-squeeze rallies. Shares of BB reached as high as $28.77 per share on January 25, 2021, from a single digit within a short period.
