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Evertz Technologies Ltd T.ET

Alternate Symbol(s):  EVTZF

Evertz Technologies Limited is a Canada-based company. The Company designs, manufactures and markets video and audio infrastructure solutions for the television, telecommunications and new-media industries. The Company’s solutions are purchased by content creators, broadcasters, specialty channels and television service providers to support their increasingly complex multi-channel digital, and high and ultra-high-definition television (HDTV and UHD) and next generation high bandwidth low latency Internet protocol (IP) network environments and by telecommunications and new-media companies. The Company’s products provide signal routing, distribution, monitoring and management of content, as well as the automation and orchestration of more streamlined and agile workflow processes on premise and in the Cloud. The Company also offers a complete end to end solution for scalable, flexible, and dynamically controlled media transport networks for video, audio and data signals.


TSX:ET - Post by User

Post by retiredcfon Dec 07, 2023 1:19pm
242 Views
Post# 35773407

Targets Raised

Targets Raised

Following a second-quarter 2024 revenue and earnings beat from Evertz Technologies Ltd. ), Raymond James’ Steven Li bumped his target for its shares to $16 from $15.50, reaffirming an “outperform” rating, while BMO’s Thanos Moschopoulos raised his target to $16 from $15.50 with an “outperform” rating. The average is $17.

“Evertz shares are flat year-to-date, underperforming the TSX (up 4 per cent YTD) which we believe is unwarranted given another quarter beat (third beat in a row) and record backlog,” Mr. Li said. “In April, ET announced its largest ever purchase order from a major U.S. based media company in excess of $152-million over 5 years. The race for video content continues to bode very well for ET.”

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