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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Post by retiredcf on Nov 09, 2022 10:41am

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It would be one thing if the SP had remained stable as it waited for the results, but this does not seem to warrant the savaging that has occurred in the past few weeks. No doubt there are more games being played but never was the saying more true that the market can remain irrational longer than the investor can remain solvent. GLTA

The quarter was mixed; EPS was a nice beat at 10c vs 8c expected. Sales of $603M were slightly below estimates of $610M. EBITDA of $31M was 12% light. EBITDA rose 31%. The company referenced 'high demand' several times in a generally bouyant commentary. Net revenue rose 64%, EPS rose 43%. But backlog did slip somewhat. (5iResearch)

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Comment by growthnprosper on Nov 09, 2022 11:28am

This is insanity after such a fabulous press release and guidance.

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Comment by retiredcf on Nov 09, 2022 4:17pm

More perspective. GLTA It has gone from $7 to a little over $4 as I write this. Was the report that bad? Also do you think that report by Murray Wealth Group (which said they will miss earnings on the high side) looks to be correct? Is this a miss on the high side? CTS actually beat earnings by 24%, but missed slightly on revenue. Investors don't like the sales ...more

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