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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

Post by retiredcfon Nov 09, 2022 12:23pm
201 Views
Post# 35085649

Previous TD extract

Previous TD extractInvestors are panicking (for no obvious reason) and the Market Makers are making out like bandits. GLTA

Our take. With the stock down >25% in the last two weeks to a new 52-week low, we believe the significant Adjusted EBITDA miss this quarter is at least partially baked into the current share price. Accordingly, we believe any share price weakness on the back of the Q3 results could be modest.
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