Converge Technology Solutions Corp T.CTS

Ahead of Expectations

[retiredcf]

Converge Technology Solutions Corp.  reported preliminary revenue of $497.5-million to $504.5-million for the fourth quarter compared to $289.6-million from the same quarter in 2020. That’s ahead of expectations of $475.8-million, according to S&P Capital IQ.

It also said adjusted EBITDA will be in the range of $32.1-million to $34.8-million, increasing from $23.4-million for the same quarter a year earlier.

The company will provide quarterly and full-year 2021 results on March 22.

 

[jimitwist]

It was a bit ahead of my back of the envelope guess, but I hadn't figured in any organic growth 

[ddogold]

The market is speaking loud and clear ! They like the numbers . GLTA 

[CravingProfits]

If it wasn't for the insiders selling off yesterday...we would have been better off. Let us hope they buy back in. I'm anxious to check again a year from now. Long and strong... Glta

[motivator2]

Nothing new hear, yes the market is speaking loud and very unclear.  Too unpredictable for me.  

[luberon]

SEDI shows that 5 executives bought shares in December. Where is your evidence of insider selling yesterday???

[newcoin]

There is no evidence because it didn't happen.

[CravingProfits]

....I used the word insiders but I really meant anyone with insider information.Employees,  accountants, bookkeepers, newsletter writters, relatives, banks employees,  etc. ....Sorry Looks like I might have been wrong and the sellers were weak hands or others who sold just out of fear prior to the results?.  Still seems to me  like some knew the Prelims were coming out before

[growthnprosper]

Why is the price falling..........were the preliminary results not fantastic? Where they not in line with expectations? What is the problem. They looked great to me!

[retiredcf]

If these numbers hold, they will actually beat expectations (between $497M and $504M vs $493M). But there are lots of games being played in the markets, especially on a day like today coming off a 3 day weekend and with Putin flexing his muscles. Huge volatility will continue to be the order of the day. But as a long term investor, you have to be pleased with the progress the company is making

[growthnprosper]

yes very pleased with their results and continual acquisitions!

[newcoin]

These are great numbers. The stock is only down today because the markets in general are down. Tech especially is down. It is frustrating to have great quarterly numbers and have the stock go down. Looking forward to better days. Looking forward to a market that can appreciate what CTS is doing and how well they're doing it.  

[RusticHit]

they save the stock from crashing another 5-10% today with Other Techs But i don,t think this will survive the melt down in tech sector under 10 next week if markets drops again

[motivator2]

Why the hell did they see the need to pre-announce especially in a tech meltdown?  Great results mind u, but market has the final say.  I'm out for now.