If I could only buy and hold a single stock this would be

When trying to build prolonged wealth, foolish investors should focus on companies that not only survive but continue to develop. Many companies start strongly, but fail to adapt while others continue to reinvent themselves and seize new opportunities. If I could only buy and hold a stock, it should be a company with vision and the ability to dominate futuristic trends.

After considering all the possibilities, a top Canadian stock stands above the rest. It is a company that transformed from an older tech player to a larger player in Enterprise Cybersecurity and IoT (Internet of Things) Solutions. A stock that I expect to thrive in the coming years with its central focus on digital solutions for different industries. The stock is Blackberry (TSX: BB).

Before I tell you why I find it one of the most attractive stocks in my portfolio, let’s quickly undergo a recent shift in its growth strategy.

What cylance -Salt means for Blackberry’s future growth

Blackberry recently decided to sell his cylance business to the US cyber security company Arctic Wolf and marked a great turn in its growth strategy. If you don’t already know, Cylance Blackberry’s Artificial Intelligence (AI) -driven cybersecurity device that could help companies remain protected by predicting cyber threats in advance. However, Blackberry has now decided to go back from direct control of this segment and instead focus on areas where it sees a stronger long -term potential.

By selling cylance streamline Blackberry its operations to prioritize high -growth sectors such as IoT and Secure Communications. But this does not mean that the company completely gives up cyber security. Through a dealer agreement with Arctic Wolf, Blackberry still has access to Cylance’s technology, which allows it to offer AI-driven security solutions to its business and government customers without the cost of running the company itself. This shift could give the Waterloo-based tech company more economical flexibility and a sharper focus on its core strengths.

What do the Blackberry stock worth consider in the long term

Blackberry has been on a roll recently, after jumping with 117% over the past six months to currently trade at $ 6.61 per day. Share with a market capital of $ 3.9 billion. In addition to other factors, its decision to sell the cylance industry has also helped it regain the investor’s confidence. Instead of spreading too thin, Blackberry doubles its strengths, IoT and safe communication, two areas of massive long -term potential.

In the quarter, ending in November 2024, Blackberry withdrew $ 162 million in revenue, with both its cyber security and IoT segments that exceeded analysts’ expectations. The company’s IoT segment that included Blackberry’s QNX software, then a 13% jump in revenue. Meanwhile, its cyber security department showed signs of stabilization, sending a 7% turnover growth in the previous quarter.

And Blackberry doesn’t stop there. The company recently redirected its IoT department as QNX and reinforced its management in the automotive industry and general embedded industries. With QNX technology already integrated into more than 255 million vehicles globally, this step reflects Blackberry’s focus on developing advanced AI and machine learning-driven software solutions for software-designed vehicles and mission-critical systems.

As the demand for such advanced tech solutions is likely to skyrocket in the coming years, I expect Blackberry’s economic growth trends to improve and its stock hovers further.