Bullboard - Stock Discussion Forum Evertz Technologies Ltd EVTZF

Primary Symbol: T.ET

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... see more

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Evertz Technologies Ltd > Analyst roundup (Thursday G&M)

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Post by Apostata on Sep 13, 2024 7:58am

Analyst roundup (Thursday G&M)

"Raymond James’ Steven Li cut his Evertz Technologies Ltd. (ET-T -14.67% decrease) target to $16 from $17.50 with an “outperform” rating, while BMO’s Thanos Moschopoulos lowered his target to $15 from $17 with an “outperform” rating. The average is $15.42.

“Similar to 4Q, 1Q came in below expectations (on project timing) even as backlog continues to expand sequentially (up 3.4 per cent quarter-over-quarter),” said Mr. Li. “We are lowering our model and target as a result. Evertz Software & Services segment continues to grow (up 26 per cent year-over-yeare) although we do expect some ebb and flow in any given quarter depending on project milestones being met. Software & Services, on a TTM [trailing 12-month] basis, represented 40 per cent of total revenue.”

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