BlackBerry's (BB) stock got taken to the woodshed on Friday despite better than expected earnings.

But CEO John Chen tells TheStreet he remains bullish on the company's prospects. Further, Chen says he is looking to use BlackBerry's $2.3 billion cash hoard to do deals this year. 

Chen has done a remarkable job pivoting BlackBerry to a play on the increasingly digital car and a trusted name in security.

Oddly, BlackBerry's stock has cooled off this year, down 12% despite numerous positive signs in the business. 

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