|Bid||7.38 x 0|
|Ask||7.39 x 0|
|Day's Range||6.97 - 7.43|
|52 Week Range||3.94 - 11.98|
|Beta (5Y Monthly)||1.06|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jun. 24, 2020 - Jun. 29, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Sep. 08, 1999|
|1y Target Est||11.38|
BlackBerry (TSX:BB)(NYSE:BB) bulls have been waiting for a catalyst, and the COVID-19 pandemic might have just given it one.The post This Tech Stock Is a Work-From-Home Beneficiary appeared first on The Motley Fool Canada.
If you're willing to wait it out, these three top stocks could see huge gains in the next few years for investors willing to put up the cash.The post Invest $1,000 in 3 Top Stocks and Watch the Magic appeared first on The Motley Fool Canada.
These are two tech stocks trading below all-time highs today. Find out what makes each a great long-term bet. and why you should be investing today. The post Have $1,000? Here Are 2 Top Tech Stocks Trading Below $50 appeared first on The Motley Fool Canada.
BlackBerry Ltd (TSX:BB)(NYSE:BB) stock has been crushed during the coronavirus correction, but shares could shoot higher later this year.The post Will BlackBerry (TSX:BB) Stock Pass $10 This Year? appeared first on The Motley Fool Canada.
Blackberry Ltd. (TSX:BB)(NYSE:BB) has been an unpredictable tech stock, but its footprint in fast-growing markets could pay off huge over the next decade.The post $2,000 Invested in This Tech Stock Could Be Worth a Fortune in 10 Years appeared first on The Motley Fool Canada.
BlackBerry (BB) launches Spark Suites to curb cyber threats and help enterprise customers manage endpoint needs with a Zero Trust security environment.
While BlackBerry continues to underperform the broader markets, growth investors can consider this Warren Buffett stock for their portfolio. The post TFSA Investors: Forget BlackBerry and Invest in This Growth Stock Instead! appeared first on The Motley Fool Canada.
We asked our writers for their top technology stock picks. Their choices include Shopify Inc. (TSX:SHOP)(NYSE:SHOP), Constellation Software Inc. (TSX:CSU), and Kinaxis (TSX:KXS). See the full list now!The post Top TSX Tech Stocks for May 2020 appeared first on The Motley Fool Canada.
(Bloomberg) -- Alphabet Inc.’s ambitious dream to create a city of the future on Toronto’s waterfront is over. Millions of dollars and years of lobbying weren’t enough, and the tech giant’s urban planning unit, Sidewalk Labs, officially shuttered the project on Thursday.The stated reason was the coronavirus pandemic’s effect on real estate prices. Without the ability to profitably sell office space and homes in the development, the project wasn’t viable, Sidewalk Labs Chief Executive Officer Dan Doctoroff said in a blog post.But even before the virus swept over the world, Sidewalk’s Toronto ambitions had been scaled back significantly. Years of opposition from privacy activists and urbanists, as well as pushback from prominent members of Canada’s tech industry had relegated Alphabet to a 12-acre plot of land that would essentially only have room for a handful of residential and commercial buildings.Sidewalk Labs’ failure signals how much attitudes toward big technology companies and their influence over our lives has shifted in recent years. If a company like Alphabet, with its talent and resources, can’t pull off such a project, it’s not clear anyone can.“I would like to think this is the defeat of the privately owned city,” said Greg Lindsay of NewCities, an urban policy think tank, and a visiting scholar at NYU’s transportation policy school.Privacy and control over one’s digital data is a more mainstream concern than it was just two or three years ago. Ideas that initially seemed futuristic and exciting to many are now being questioned, with politicians around the world more likely to gain support for attacking companies like Google, Facebook Inc. and Amazon.com Inc. than they would by embracing them.Sidewalk Labs’ Toronto project was announced in 2017, after Canadian officials put out a request for private companies to help develop a large swath of the city’s formerly industrial waterfront that had sat mostly dormant for years. In one of the hottest real estate markets in the world, the project was potentially lucrative.The plan was ambitious, complete with heated sidewalks, underground garbage disposal and tall timber buildings. Sensors would monitor the area, feeding data to AI-enabled computers that would manage stormwater systems and direct traffic. One proposal included a light rail line that would connect the area to the rest of the city’s transit network. Sidewalk invested more than $50 million in the project, including opening a 30-person office on site. The company said it will keep an office in Toronto will stay open and re-assign staff to other projects.Prime Minister Justin Trudeau welcomed Alphabet with open arms, hosting a high-profile interview with then-chairman Eric Schmidt at a conference meant to showcase the country’s tech sector. Trudeau, two years into his tenure, had made tax credits for big U.S. tech firms bringing jobs to Canada a tenet of his economic policy.That didn’t sit right with some local business leaders, including the former co-CEO of BlackBerry, Jim Balsillie, and John Ruffolo, one of the country’s best-known venture capitalists. They argued homegrown startups would be squashed by U.S. giants under Trudeau’s policies. Sidewalk Labs became an easy target, and the two wrote columns and lobbied politicians to stop the project.At the same time, long-standing questions about data privacy and the role of private companies in city development became more relevant as Torontonians faced the prospect of an American corporation monitoring and collecting information about part of their city. Local activists, tech researchers and urbanists joined together to demand more transparency from Sidewalk Labs.“They really didn’t have answers when people wanted them,” said Alex Ryan, senior vice president at MaRS, an organization that promotes tech and startups in Toronto. “So in the place of answers were conspiracies and concerns on privacy, the business model, and the scale of the project.”Complicating matters, the organization overseeing the project was made up of representatives from the local, provincial and federal governments. Everyone wanted a say, and the project went through an endless series of proposals, meetings and consultations.Sidewalk Labs, staffed by former New York City administrators, was accused of being tone deaf to the Canadian political context. Local indigenous leaders said their concerns had been ignored. The Canadian Civil Liberties Association sued the company, accusing it of proposing tech that would infringe on Canadians’ privacy rights.Sidewalk’s retreat from Toronto coincides with broader changes at its parent company. Sundar Pichai took over the CEO role from founder Larry Page in December. With Covid-19 devastating the global economy, Alphabet has cut back on spending, slowing down hiring and focusing its resources on fewer projects.Doctoroff hinted that Sidewalk could turn its attention to coronavirus-related projects. “The current health emergency makes us feel even more strongly about the importance of re-imagining cities for the future,” he said. Doctoroff is a former CEO of Bloomberg LP, the parent company of Bloomberg News, and a deputy mayor of New York City under Michael Bloomberg.Alphabet’s final goals for the Toronto project never seemed clear throughout its life.“Their business model continually shifted, and they never presented a final plan,” Lindsay said. “It appears that they never settled on one.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
We're in a new world because of this pandemic, and as the market rally continues, these three stocks are likely to continue on a meteoric rise.The post 3 Top Market Rally Stocks to Buy With $6,000 appeared first on The Motley Fool Canada.
(Bloomberg) -- Shopify Inc. surged on Wednesday to become Canada’s most valuable company -- but can the e-commerce giant survive being No. 1?Ottawa-based Shopify edged past Royal Bank of Canada to become the largest publicly listed company in Canada. The achievement comes with a dubious distinction, however: those that leapfrogged the value of Canada’s largest bank in the past have faltered.Royal Bank, incorporated in 1869, has been Canada’s most valuable company for years, but has been been eclipsed on a few occasions. Shopify closed with a market value of C$121.3 billion ($85.6 billion), surpassing Royal Bank’s C$120.5 billion.The last company to surpass Royal Bank’s market capitalization was drugmaker Valeant Pharmaceuticals International Inc. in July 2015. Months later, the value of the Quebec-based company plunged amid controversies over business practices, accounting and drug pricing. Valeant has since been renamed Bausch Health Companies Inc. and has new management and a different ticker symbol.Before that, BlackBerry Ltd. --- the inventor of the smartphone and then known as Research in Motion Ltd. -- crossed Royal Bank briefly in 2007. It held the top spot for about five months in 2008, before Apple Inc.’s iPhone and other handset makers rose up to steal its market away.Further back, Nortel Networks Corp. became the biggest Canadian company in 2000, swelling to a market value of C$366 billion and accounting for as much as 35% of Canada’s benchmark index, before crashing in the tech wreck. The telecommunications-equipment maker ultimately filed for bankruptcy in 2009 and was liquidated.The dramatic collapse of two Canadian tech giants in a country more known for being hewers of wood and drawers of water has hung over the country’s corporate psyche for years. So Shopify’s rise has been cheered on by many.“I think it’s obvious in hindsight the leadership of both those companies got disconnected from their underlying markets,” said Eric Jackson, founder of a Toronto-based tech-focused hedge fund EMJ Capital Ltd., referring to BlackBerry and Nortel.Jackson believes Shopify “should be held up as a poster child for what Canada should be trying to encourage in it’s tech sector because it’s been remarkable what they’ve done,” he said. Jackson had owned the company’s stock but doesn’t currently have a position. Its U.S.-listed shares have risen by 43 times since the initial public offering at $17 in 2015.Too Fast?This year’s rally, which has seen the stock double, has drawn its doubters.“On just about any valuation metric, this is one of the most expensive stocks in Techland,” Mark Mahaney, an analyst at RBC Capital Markets in San Francisco told clients in a note Wednesday. Shopify also holds the highest sales multiple, though has the largest sales growth outlook, RBC added. The bank rates Shopify with the equivalent of a buy.The rally has made founder and chief executive officer Tobi Lutke, Canada’s fourth-richest person, according to the Bloomberg Billionaires Index. The 39-year-old has added $2.8 billion to his wealth this year, and is now worth $6.3 billion. The billionaire has about 7% of Shopify, according to its 2019 proxy circular.Lutke, a German immigrant with vivid blue eyes and a penchant for tweed caps, began building software to launch an online snowboard store in 2004. It became obvious that the software was more valuable than the snowboards, according to his website profile, and he went on to launch the Shopify platform in 2006. RBC was incorporated in 1869.Shopify sells tools to help companies set up an online, a business model seen flourishing during the coronavirus pandemic that has shuttered bricks and mortar stores. In April, the company’s chief technology officer tweeted Shopify was handling “Black Friday-level traffic every day” to bring thousands of businesses online.Amazon ComparisonAt Bloomberg’s Sooner Than You Think conference in New York last year, Lutke said Shopify isn’t competing with Amazon.com Inc. but helping other people do so.“They’ve obviously become the anti-Amazon, they’re all about empowering everybody else except Amazon on the online e-commerce world to be successful and they’ve expanded and expanded their suite of services,” Jackson said.He believes Shopify has the opportunity to keep rising and have a market value of several hundred billion dollars in the years ahead.“They are still just getting going. People who complain they are ‘too expensive’ don’t understand how much revenue and profits they’ll drive in the years ahead,” Jackson said.(Updates with new information on value of Lutke’s stake, gain since IPO.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Microsoft Windows is one of the most successful tech products in history. BlackBerry Ltd. (TSX:BB)(NYSE:BB) is building the next best thing.The post This Tech Stock Is Building the Next Microsoft Windows appeared first on The Motley Fool Canada.
These two stocks are the perfect options for those of you looking to get rich in a decade, all it takes is your 2020 TFSA contribution room.The post Get Rich in 10 Years Investing $6,000 Invested in These Stocks appeared first on The Motley Fool Canada.
The stock market rally has benefitted many companies. If you want to profit, pay close attention to stocks like BlackBerry Ltd. (TSX:BB)(NYSE:BB).The post 3 Stocks to Buy During the Market Rally appeared first on The Motley Fool Canada.
Toronto-Dominion Bank (TSX:TD)(NYSE:TD) and this other stock have taken beatings this year, and now could be a great time to scoop them up.The post TFSA Investors: Have $5,000 to Invest? Here Are 2 Cheap Stocks to Buy Right Now appeared first on The Motley Fool Canada.
BlackBerry stock lags the TSX in April, but this tech stock has many secular growth drivers ahead for the long-term investor.The post Why BlackBerry's (TSX:BB) Stock Price Rose 2.9% in April appeared first on The Motley Fool Canada.
BlackBerry Ltd. (TSX:BB)(NYSE:BB) stock has had a rough year thus far, but the stock market rally could add 100% in near-term upside.The post Market Rally Alert: BlackBerry (TSX:BB) Stock Could Double! appeared first on The Motley Fool Canada.
Investors should consider tech stocks like Absolute Software Corp. (TSX:ABT) in the cyber security space as this market rally heats up.The post Market Rally: 2 Top Tech Stocks to Buy Before May appeared first on The Motley Fool Canada.
If you're a TFSA investor, don't ignore hidden gems like BlackBerry Ltd (TSX:BB)(NYSE:BB), which could multiply the value of your portfolio.The post TFSA Investors: $6,000 in This Stock Could Become $60,000 appeared first on The Motley Fool Canada.
(Bloomberg) -- Shopify Inc.’s C$38 billion ($27 billion) stock-market gain since the beginning of the year has some analysts calling a time out.The e-commerce services provider has surged 61% to a market value of C$97 billion. That briefly catapulted it ahead of Toronto-Dominion Bank on Monday to become the second-most valuable company on Canada’s benchmark S&P/TSX Composite index, though it fell back to No. 3 on Tuesday as global markets slumped.“It’s tough to make money at the valuation Shopify is trading at,” said Jefferies analyst Samad Samana, one of the most bearish analysts on the stock. Risk-reward is not attractive and it’s hard to recommend a buy, he said. He has a hold call on the stock and a price target at $400, below estimate consensus and well off $585, its current price in New York.Brian Peterson, an analyst at Raymond James, noted the stock is trading at about 39 times his 2020 estimates.Its near-record valuation is “somewhat surprising” given the uncertain consumer spending environment, especially for discretionary products, which Raymond James believes is the key driver behind the company’s withdrawal of its 2020 revenue guidance earlier this month.Peterson sees Shopify’s monster boom as good news for the future adoption of the platform though, as merchants are forced to migrate online, but its expansion may not “necessarily equate to sales volume.”Read More: Shopify Valuation Already Reflects Pandemic Boost, Wedbush SaysA likely recession, “if we’re not in one already,” will inevitably see a downturn in sales as “no one is immune” to the pandemic, Samana said. The biggest concern is the spike of unemployment in the U.S., which has been the biggest revenue gainer for Shopify.Consumer discretionary products, sold by many of Shopify’s merchants, are among the hardest hit. While sales decline, Shopify may still be able to get a piece of a smaller pie, Wedbush analyst Ygal Arounian wrote in a note Monday. However, some merchants are also expected not to renew their subscriptions amid a tougher environment, Arounian noted.The excitement surrounding Shopify has not worn out, however, as the stock has 15 buys, 14 holds and three sells, according ratings compiled by Bloomberg.Shares on loan to short sellers are still relatively low at 3.8% of Shopify’s float, according to data from financial analytics firm S3 Partners.As Shopify inches closer to the top of Canada’s stocks leader board, investors are also reminded of the so-called curse that has seen former Canadian technology behemoths like BlackBerry Ltd. and Nortel Networks Corp. plunge after reaching seemingly indestructible levels.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Quality stocks like BlackBerry Ltd (TSX:BB)(NYSE:BB) and Cronos Group Inc (TSX:CRON)(NASDAQ:CRON) were crushed by the market crash. It's time to dive in.The post Top TSX Stocks to Buy After the Market Crash appeared first on The Motley Fool Canada.