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Absolute Software Corp. (ABST-T)
TSE:ABST
15.20
0.01
(0.07%) 1d
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11 Hot Canadian AI Stocks to Buy (2023)
$10.480
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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
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
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
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
Absolute Software Corp.(ABST-T) Rating
Ranking : 1 out of 5
Bullish - Buy Signals / Votes : 0
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 0
Total Signals / Votes : 0
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, there was no coverage of Absolute Software Corp. published on Stockchase.
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?
0 stock analysts 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.
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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