Strong Cybersecurity Boosts Blackberry Stock, Helps D20 Hit New High

Blackberry helped the Driverless Transportation Weekly Stock Index (D20) rise for the fifth consecutive week and hit a new high, while both the Dow Jones Industrial Average and the S&P 500 Index fell for the second week in a row.

The D20 hit an all-time high of 207.23, rising 1.2 percent, while the Dow and S&P 500 both fell 0.4 percent.

Blackberry (BBRY) was the D20’s leading price-percentage gainer, closing at $10.38 a share, up 11 percent for the week.

Blackberry’s big bump this week could be attributed to the WannaCry ransomware crisis and Blackberry’s reputation as strong cyber-security brand.

However, Blackberry’s recent success is not driven solely by the WannaCry crisis.  Blackberry has risen 47 percent since it closed at $7.07 on March 24, 2017.  This recent stock market rise is based on the success of its transition from being a smart-phone handset maker to a software company specializing in mobility, security and automotive applications.

Visit the Driverless Transportation D20 Stock Index page to learn more about it and its component stocks.

 

Up-and-Comers:

On the heels of the WannaCry ransomware crisis, Karamba Security has raised $12 million in a Series B venture round to protect driverless cars from hackers.

Karamba’s approach of eliminating “false positives” that confound security applications has won it industry acclaim and customer engagements, which largely drove the investment.