WannaCry helps BlackBerry stock recovery

For the first time in two years, BlackBerry stock has risen more than $10.

Security once again became a hot topic among investors after WannaCry storm attacked many computer systems around the world from last week. This storm has helped stocks of some network security firms increase significantly.

Accordingly, the stock of well-known security company – BlackBerry has increased nearly 10% last week and 50% this year. For the first time in two years, BlackBerry stock has risen more than $10.

This week, BlackBerry announced on blog that it has tools to help businesses detect patches to prevent viruses and malware. At the same time, BlackBerry also warned there would be more attacks similar to WannaCry.

“WannaCry is really just the tip of the iceberg. Attacks will increase in both width and frequency, causing governments, businesses and organizations to lose billions of dollars”, BlackBerry said.

“As we are developing the Internet of Things trend, these attacks will get worse. They can also affect our personal safety”, BlackBerry stresses.

However, this may be a good sign for BlackBerry business. In March, CEO John Chen told investors that the company will recover this year. The company is expected to make a profit after a long period of losses.

Not long ago, shareholders worried that BlackBerry would run out of money. Many also believe that the company will be sold to a larger technology company to survive. However, BlackBerry ended the first quarter of this year with $1.7 billion in sales, $90 million more than in November.

Earlier, BlackBerry recognized the company could not win the battle with Apple and the army of Android-based smartphones. Therefore, BlackBerry under the direction of John Chen has successfully converted to operating systems and devices connected to the internet. Currently operating systems and devices account for 60% of the company’s revenue.

He has made great breakthroughs in the field of telematics, software for automobiles. Ford, GM, Fiat Chrysler, Honda and Toyota are now BlackBerry customers.

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