Bullboard - Stock Discussion Forum Converge Technology Solutions Corp T.CTS

Alternate Symbol(s): CTSDF

Technology Information Technology Services

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... see more

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Converge Technology Solutions Corp > More Support

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Post by retiredcf on Aug 12, 2022 10:53am

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Increase Converge (CTS) by 1.0%
Trade Rationale - At 12x earnings, strong expected growth and continued acquisitions, we believe CTS is well-positioned and like the risk to reward profile for CTS at these levels. We also believe the company will benefit from depressed valuations in the technology sector. (5iResearch)

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Comment by motivator2 on Aug 12, 2022 10:02pm

Take me off ignore Retiredcf. As Michael Corlione said "I'm with u now". Holding 8000 shares.

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Comment by retiredcf on Aug 13, 2022 9:01am

Yet another comment. GLTA Can you tell me the valuation ratios for Converge Technology and how they compare to competitors? CTS currently trades at 14x forward earnings (P/E), 0.5x sales and 8.3x EV/EBITDA. This compares to Canadian peers like SFTC, GIB, and ALYA who trade in the 10-12x EV/EBITDA and 17x-40x range for P/E. Given CTS's revenue growth and profitability, it looks ...more

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Converge Technology Solutions Corp