Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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

Post by Possibleidiot01on Mar 12, 2024 2:23pm
225 Views
Post# 35928898

Jason Donville - BNN - TOP PICK

Jason Donville - BNN - TOP PICK

Converge Technology (CTS TSX)

Converge started out as a value-added reseller (VAR), but has expanded the services side of its business and should be seen as an end-to-end IT solutions provider. A lot of their organic growth is coming from AI workloads and advanced computing, with expectations for this side of the business to ramp significantly. Cash flow is very strong with management guided toward a 75 per cent conversion of EBITDA to free cash flow. They have been using cash to buy back shares, which has been highly accretive since the stock is traded at such a cheap multiple.

Owned
 

TOP PICK

Unlike Nvidia, CTS trades at 5.5x PE. Has a lot of upside where profits are growing faster than revenues.

(Analysts’ price target is $6.66)
Technology
N/A
Owned

 



<< Previous
Bullboard Posts
Next >>