$BlackBerry (BB.US)$ The company has two main businesses: IT...

 $BlackBerry (BB.US)$ The company has two main businesses: IT security and the Internet of Things (IoT). The IT security business has generally underperformed in the overall sector in recent years. But changes to the business’s technology, top executives, and sales team seem to be making a big difference. The unit’s top line has risen sequentially for two quarters, and last quarter its sales came in at the highest level in a year.

The IoT business has been hindered by the pandemic. Last quarter, BlackBerry generated revenue growth of 34% year-over-year. And the unit, as I’ve written previously, is likely to get a big boost from BlackBerry’s auto app store. That project, known as IVY, is expected to be launched in earnest by BlackBerry and its partner, $Amazon (AMZN.US)$ , next year.

Analysts, on average, expect the company’s top-line to increase nearly 25% next year. On the bottom line, the mean estimate calls for earnings per share (EPS) of -3 cents. But I believe that the company’s IT security unit and IVY will far surpass those estimates.