Converge Technology Solutions Corp T.CTS

Alternate Symbol(s): CTSDF

Technology Information Technology Services

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

Converge Technology Solutions Corp

Bullboard Posts

Post by Wallstreetjackon Mar 01, 2019 11:09am

435 Views

Post# 29428769

Going to rocket

With a run rate of $700m (based on a recent research report from Focus Merchant Group's Ralph Garcea) and Adjusted EBITDA of $28m this thing is crazy undervalued. It should be trading at 9.2x 2019 forward EBITDA...based on that multiple and this run rate works out to ~257m market cap. Yet the thing is trading at $43m.

No doubt this thing starts to take off a lot sooner than later.

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