Summary: BlackBerry Limited (BB) showing promise for growth as top Canadian penny stock under $5. Analysis: neutral

From Yahoo Finance: 2025-04-23 10:15:00

In a recent article, we compared BlackBerry Limited (NYSE:BB) to other top Canadian penny stocks under $5.00. Historical data shows small cap and Canadian stocks underperforming, but a reversal may be on the horizon due to economic conditions. Combining both factors could lead to outperformance relative to the US market.

BlackBerry Limited (NYSE:BB) has shifted focus from hardware to software, providing cybersecurity and IoT solutions. In fiscal year 2025, the company exceeded revenue expectations, improved profitability, and strengthened its balance sheet. Initiatives to reduce costs and focus on key divisions position BB as a profitable, cash flow positive enterprise with growth potential.

Ranked 6th on the list of best Canadian penny stocks, BB shows promise for growth. However, AI stocks may offer higher returns in a shorter time frame. An AI stock has already gained value in 2025 while others saw losses. For a potentially more promising AI stock trading at a low multiple of earnings, check out our report on the cheapest AI stock.

Disclosure: None. Originally published at Insider Monkey.

Read more: Is BlackBerry Limited (BB) the Best Canadian Penny Stock to Invest in Now?