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Blackberry Shares Are Soaring To Start 2021, As Investors Eye Catalysts

BlackBerry's Network Operations Center in Waterloo, Canada

Shares of Blackberry Ltd. (NYSE: BB) are up almost 120% this month as investors have become excited about the company's recent announcements. 

What Happened: After Blackberry Ltd phones fell out of style over 10 years ago, the Canadian tech company saw its shares struggle to rebound. Trading at a small fraction of its June 2008 all-time high of nearly $150, a lack of catalysts over the past decade have given investors little to hope for. This year, however, that looks to be changing. 

In 2013, CEO John Chen revamped the company to shift its focus from mobile phone handsets to cybersecurity and the Internet of Things.

Why It Matters: Chen’s ideas are starting to pay off. …

Full story available on Benzinga.com

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