When most investors think of Canadian technology, Shopify Usually steals the spotlights. But dig a little deeper, and you will find a lesser -known legend that quietly turns his ship: Blackmaster (TSX: BB). Yes, the same blackberries that once dominated the high school chats now ensures the world’s most safe communication and autonomous vehicles. And with shares of about 42% of 52 weeks of highs, it might be one of the most beautiful Canadian technical shares to buy and keep forever.
About Blackberry
Before we dive in why Blackberry deserves a place in your long -term portfolio, let’s see how far it got. This is not the same company that is buzzing in the smartphone ears. Blackberry has completely reinvented itself and leans in cyber security, artificial intelligence (AI) and embedded car software. It went from making telephones to feeding them, under the hood, literally.
Blackberry’s recent winning report for Q1 Fiscal 2026 is a strong sign that the strategy works. Sales came to $ 121.7 million, with the guidance being defeated. That is not a small achievement in today’s macroom environment. It also achieved adjusted income before interest, taxes, depreciation and amortization (EBITDA) of $ 16.4 million, another beat.
The turnaround is not just a quarter of miracle. The QNX segment, which was used in more than 235 million cars worldwide, yielded $ 57.5 million turnover, an increase of 8% years after year. The division also produced an impressive adapted EBITDA margin of 22%. Secure Communications, including cyber security offers from government quality, achieved $ 59.5 million in income and a gross margin of 70%. Both segments defeat guidance. That’s not lucky. That is implementation.
Why the dip?
Despite the strong performance, BlackBerry shares is traded at around $ 5.09, far below the highest point of 52 weeks of $ 8.86. That is a decrease of 42%, although the company itself is in a better form than in years. Part of this decoupling is due to the wider tech sale and fatigue of investors from his earlier disappointments, not to mention the history of the meme. But long -term investors know that price and value are not the same.
From a rating perspective, BlackBerry is now traded at 4 times sales and 3 times book value. The forward price-win ratio is 36.1, which is not outrageous for a technology company with renewed profitability, a clean balance and exposure to fast-growing areas such as embedded systems and cyber security.
What to view
Cash is another spring in his cap. Blackberry ended the quarter by $ 381.9 million in total cash and investments, compared to $ 235.7 million in debts. That gives it the flexibility to invest in growth or return capital to shareholders, what it did, and bought 2.6 million shares back this quarter. In fact, the company has just launched a share purchasing program that shows that it is of the opinion that the shares are undervalued.
Of course it is not all smooth sailing. The company is still proving its relevance in the fast -moving technical world of today. The quarterly turnover fell somewhat somewhat year after year and the net turnover percentage of the Secure Communications fell from 93% to 92%. But these are manageable bumps on a different improving road.
Looks ahead, BlackBerry leads up to $ 538 million in total turnover for tax 2026 and non-Gaap profit per share between $ 0.08 and $ 0.10. For a stock priced just over $ 5, that is compelling. It means that investors buy a rare Canadian company that offers software-driven income, growing margins and finally net income.
Bottom Line
So, is Blackberry still a long shot? Maybe. But it is much less speculative than before. The company has carved a strong position in car technology and cyber security – two areas that are not going anywhere. The balance is healthy. The margins are expanding. And it just proved that it can make a profit.
In short, this is no longer a turnaround story. It is a comeback. And with shares that are still deeply discounted from their highlights, it might now be the time to grab and hold a slice for the long term. Because when it comes to technical shares, you can actually feel good about possessing in Canada, BlackBerry is perhaps one of the most beautiful.
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