BlackBerry Stock has risen over 10% in just a single day,! Should you buy BB stock now? If you have any comments or questions with my BB stock analysis and chart analysis, drop me a comment down below!

Key Points:
- BlackBerry stock is seeing a lot of momentum the past day, which is seemingly arising from BlackBerry's earnings report release. This move from the earnings report may have been amplified from the retail and reddit interest in the name, as the retail traders had implemented positive momentum in the stock in the past, perhaps due to excitement in the high growth field of cyber security.

- BlackBerry stock is quite consistent quarter over quarter, however top line revenues are actually shrinking year over year. We see cost of revenues are the same as quarter over quarter and year over year, which indicates that our gross profit margins are decreasing. It is likely that this earnings report pushed the stock upwards because the print was better than expectations on wall street.

- Investing in BlackBerry is a bit risky at the moment. There is a lot of momentum in the company at the moment, so we could see large volatility in the next few days because there are likely a lot of traders in the name. As always, you have to consider the upside and downside risks before investing in the stock.

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Link (1) BB stock may be seeing macro bull cases as the cyber security sector grows (Statista):
https://www.statista.com/statistics/5...

Link (2) BB stock could benefit from cyber attacks such as Colonial Pipeline (Bloomberg):
https://www.bloomberg.com/news/articl...

Link (3) BB stock could benefit from JBS meat packing cyber attack (BBC):
https://www.bbc.com/news/business-574...

Link (4) BB stock could benefit from rise in cyber attacks (Associated Press):
https://apnews.com/article/technology...

Link (5) BB stock could benefit from rise in malware (TechJury):
https://techjury.net/blog/how-many-cy...

Link (6) BB stock could benefit by pivoting itself as a cyber security company:
https://blackberry.com

Link (7) BB stock most recent earnings report:
https://www.blackberry.com/content/da...

Link (8) Real time trading chart of BB stock: https://thestockstudents.com/tradingv...

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Disclosure:
I have a position in BB stock at time of recording, less than 0.75% of overall portfolio
thestockstudents.com/disclaimer

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