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Converge Technology Solutions Corp CTSDF


Primary Symbol: T.CTS

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 Mephistopheles3on Nov 13, 2023 11:52am
196 Views
Post# 35732078

RE:RE:Hard To believe

RE:RE:Hard To believeThree reasons that I can speculate to.  First earnings pre-release was much better than anyone expected which took it from the absolute dumpster. 

Second, the overall market did well in the last few weeks - S&P500 was green for 7/8 days or something like that.  Market sentiment overall is back to being pretty positive.  

Third, because of factors one and two, and because volumes are low.. i'm speculating that shorts are having to cover.  No one is selling, which is causing these huge +5% days on zero volume.

GLTA for tomorrow morning's official release.
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