BlackBerry (TSX:BB) Stock Gains From Artificial Intelligence
BlackBerry (TSX:BB)(NYSE:BB) stock is rebounding as its re-brand as a leader in artificial intelligence and cybersecurity catches on in the technology community. BlackBerry's financial performance are all green-lighting long positions in the stock. The company has restored its levered free cash flow to $162.88 million. The positive free cash flow is a sign that the stock has successfully turned around. Levered free cash flow is a popular measure of actual shareholder returns considering financing. A positive levered free cash flow is excellent for shareholders, while a negative free cash flow means a good portion of the company's profits allocates to financing costs.
Nov-7-2019, 22:01:56 GMT
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