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Converge Technology Solutions Corp T.CTS

Alternate Symbol(s):  CTSDF

Converge Technology Solutions Corp. is a services-led, software-enabled, information technology (IT) and cloud solutions provider. Its global approach delivers advanced analytics, artificial intelligence (AI), application modernization, cloud platforms, cybersecurity, digital infrastructure, and digital workplace offerings to clients across various industries. It supports these solutions with advisory, implementation, and managed services across all IT vendors in the marketplace. Its segments include Converge Hybrid IT Solutions (Converge), and Portage Software-as-a-Solution (SaaS) Solutions. Converge is focused on delivering advanced analytics, application modernization, cloud, cybersecurity, digital infrastructure, digital workplace, and managed services offerings and provision of hardware and software products and solutions to clients across various industries and organizations. SaaS is focused on digital transactions between individuals, businesses, and government organizations.


TSX:CTS - Post by User

Comment by TimeScapeon Nov 22, 2022 7:53pm
261 Views
Post# 35120398

RE:RE:RE:Yikes!! Uncertainty!!

RE:RE:RE:Yikes!! Uncertainty!!Yes, looks like the company is up for sale.  What is the business worth?  I certainly think it's a lot more than the current share price. The Q3 earnings report showed a 64% increase in net revenue, a 64% increase in adjusted EBITDA, a 54% increase in adjusted net income, and with 34 cents a share in adjusted net income ytd, which works out to about 45 cents for 12 months at that pace, the stock is trading at about 9 times current year earnings.  The share price is way down due more to market factors - growth stocks, especially small caps have been incredibly beaten up over the last year - than things wrong with the business.  I expect a significant price jump tomorrow.
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