Converge Technology Solutions Corp T.CTS

Assessment

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CTS has an advance analytics and AI practice, and is involved in AI in as much as customers are seeking its assistance and guidance in how to implement AI into their businesses. A word search of all documents from the company does not mention Nvidia, but to the extent that it is implementing AI solutions it is likely using NVDA GPUs. 12.9c and $708.7M in revenue is the consens,us for next week's report. The stock is on a nice run, but we would consider it still cheap at 10X earnings. There has been a minor amount of insider buying in the last six months and on a net basis a small increase in institutional holdings. In 2023 (to Sept 30), 4.4M shares were purchased and cancelled. More recent numbers will be provided next week. (5iResearch)