TSE:ABST

15.20
0.01 (0.07%) 1d
0

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11 Hot Canadian AI Stocks to Buy (2023)
Investor Insights

This summary was created by AI, based on 1 opinions in the last 12 months.

Absolute Software Corp (ABST-T) is a leading provider of self-healing endpoint and secure access solutions with a strong customer base and partnerships with global carriers and PC OEMs. The company's revenue for the first fiscal quarter ended September 30, 2022, showed a significant growth of 23% over the comparable prior year period, but the net loss increased due to higher salaries related to employee headcount. Management confirmed a positive outlook for adjusted revenue and EBITDA for the fiscal year ending June 30, 2023. The stock has seen fluctuations in its price, reaching a low of under $12 and a high of about $16 in 2022. Overall, Absolute Software Corp is positioned to continue its growth and strengthen its position in the market.

Consensus
Positive
Valuation
Fair Value
DON'T BUY
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research.

The stock drifted along under $12 through 2022 to August when it moved up to about $16 which held to the start of November when it fell to its month-end close of $13.24. ABST is a leading provider of self-healing endpoint and secure access solutions. This involves the only undeletable defense platform embedded in more than 600,000 devices, which helps some 18,000 customers protect against the escalating threat of ransomware and malicious attacks. It enjoys a relationship with over 1,100 partners, including several global carriers and unique integrations with 28 leading PC OEMs (including Dell and HP). For the first fiscal quarter ended September 30, 2022 revenue was $53.6 million, up 23% over the comparable prior year period, (adjusted revenue at $54.2 million grew a like percent) but the net loss was $9.5 million, 25% worse than the prior period. This was attributed to an increase in salaries related to employee headcount in support of projected growth. Management confirmed the fiscal year (ending June 30, 2023) outlook for adjusted revenue to grow 14.8% minimum and adjusted EBITDA 21%. 
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computer software / processing
BUY ON WEAKNESS
A sizable company of $800 million. He follows it and is waiting for a pullback. Pays a 2.4% dividend yield, attractive. They provide enterprise cloud and flourished during Covd and remote wwork, but has retreated post-Covid. Is up in the past month. Would buy at $12-13. But cloud computing is a crowded space, unlike just a few years ago. AVST is a regional player.
computer software / processing
BUY

Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research. Dividend yield of 2.3%. Good growth driven by acquisition of NetMotion. Management increased FY2023 guidance. Long-term tailwinds from remote access requirement. Unlock Premium - Try 5i Free

computer software / processing
BUY
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research. Made an acquisition this quarter. Lowered EBITDA margin guidance. Revenues expected to double in 2022. Trading at lower valuations.
computer software / processing
BUY
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research. Made an acquisition this quarter. Lowered EBITDA margin guidance. Revenues expected to double in 2022. Trading at lower valuations.
computer software / processing
BUY
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research. Strong balance sheet. Faces a growing industry. Holds a competitive advantage via OEMs. Nice dividend, strong balance sheet.
computer software / processing
HOLD

Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research. Dividend yield of 2.3%. Good growth driven by acquisition of NetMotion. Management increased FY2023 guidance. Long-term tailwinds from remote access requirements. Unlock Premium - Try 5i Free

computer software / processing
BUY
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research. Dividend yield of 2.3%. Good growth driven by acquisition of NetMotion. Management increased FY2023 guidance. Long-term tailwinds from remote access requirements.
computer software / processing
HOLD
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research. Lowered EBITDA margin guidance. Revenues expected to double in 2022. Trading at lower valuations. Rising interest rates adding pressure.
computer software / processing
BUY

Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research. Absolute Software Corp (ABST) stock was up 11.14% on the month. Enjoys a relationship with over 1,100 partners, including several global carriers and unique integrations. Revenue for the quarter ended June 30, 2022, at US$52.5 million (97% recurring). Cash on hand on June 30th, 2022 was $64 million. Unlock Premium - Try 5i Free

computer software / processing
RISKY
Likes it, but follows it, doesn't own it. They specialize in the security of management devices, a competitive field. Their price action isn't good. True, good revenue growth, though the last quarter was a little lower, but the company is not profitable and these companies are not fashionable now. But at $10, using an $8.75 stop, might be a good trade.
computer software / processing
BUY
Supply chain and security software. Since its big-ticket acquisition, has been showing some losses. 12-month target of $13.32. Market cap of just over 500M, so just too small for him. Awesome company with a great future.
computer software / processing
DON'T BUY
Falls into the middle of valuation and valuation among comparables. Long way down from growth to value. If they cannot show growth in line with valuations, then it can go down quite a lot. Fallen too far.
computer software / processing
BUY ON WEAKNESS

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The acquisition of Netmotion added a lot of debt. The company has historically had net excess cash. They reported a weaker quarter. It is down 50% from highs. Proceed slowly with a partial position. Unlock Premium - Try 5i Free

computer software / processing
BUY
Price target of $20.50 CAD. Cloud-based platform for enterprise and public sector. In the right place because of remote work. Should continue to go. Not cheap. Yield is 2.6%.
computer software / processing
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Absolute Software Corp.(ABST-T) Rating

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 1

Total Signals / Votes : 1

Stockchase rating for Absolute Software Corp. is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Absolute Software Corp.(ABST-T) Frequently Asked Questions

What is Absolute Software Corp. stock symbol?

Absolute Software Corp. is a Canadian stock, trading under the symbol ABST-T on the Toronto Stock Exchange (ABST-CT). It is usually referred to as TSX:ABST or ABST-T

Is Absolute Software Corp. a buy or a sell?

In the last year, 1 stock analyst published opinions about ABST-T. 0 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Absolute Software Corp..

Is Absolute Software Corp. a good investment or a top pick?

Absolute Software Corp. was recommended as a Top Pick by on . Read the latest stock experts ratings for Absolute Software Corp..

Why is Absolute Software Corp. stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Absolute Software Corp. worth watching?

1 stock analyst on Stockchase covered Absolute Software Corp. In the last year. It is a trending stock that is worth watching.

What is Absolute Software Corp. stock price?

On 2023-07-28, Absolute Software Corp. (ABST-T) stock closed at a price of $15.2.