BUY
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research.

Insiders own 8% and there has been a small amount of net buying in the past six months. 
There has been no news on the contracts. It is not likely they were cancelled yet, but that remains a possibility. 
ENGH might be interested, or a US-cloud company. 
However, we think the interest has come from private equity players, perhaps Thomas Bravo. 
We would be OK owning some today.  
Unlock Premium - Try 5i Free

Technology
BUY on WEAKNESS
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research.

Stock was $3.70-ish prior to the rumour/confirmation of the strategic review. 
The tech world has changed to the positive since then, fairly dramatically. 
But the recent miss needs to be taken into account as well. 
Plus, we need to believe management that the three big deals are on their way. 
Currently 13X earnings, we think a proper multiple without all this 'noise' would be in the 17 to 18X range. 
So assuming growth, and using forward consensus estimates, that gets us to $8.28, so on a present value discounted basis about $7.50 with no control premium applied.  
Unlock Premium - Try 5i Free

Technology
BUY on WEAKNESS

Currently undergoing strategic review process, with speculation company will be acquired.
$8 a share could be buyout price.
Recent announcement of large credit line bad news for stock buyout bulls.
Waiting for share prices to fall before buying. 

Technology
BUY

Owns shares in the company and thinks will perform well.
Rolling  up software consulting companies into one.
Cheap on financial metrics.
Good time to buy shares in the company.
Take over bid would result in value for shareholders.
Good long term prospects.

Technology
BUY
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research.

Recent selloff an overreaction; most companies are happy to have higher credit lines regardless of what else is going on. 
They provide flexibility of course. 
We think $8.50 to $9.50 would be an acceptable price for buyer and seller.  
Unlock Premium - Try 5i Free

Technology
TOP PICK

IT provider currently going through strategic review process.
Special committee meeting to determine sale of company.
Share price @$6 & sale of company would fetch $9.
Believes company can double in the next few years.

Technology
DON'T BUY

Doesn't follow this much, but it's an M&A consolidator of IT service providers across North America and Europe. Are in a low-margin business, 5% EBITDA margin. Half of sales are hardware, the other half selling 3rd-party software. Also offering higher-margin ongoing services. Shares have been decimated, because the market didn't see synergies after acquisitions.

Technology
BUY on WEAKNESS
$8.35 is his target. They're in a crowded space: IT service provider with some blockchain solutions and analytics. They have bought 35 companies in the last 5 years to grow. They're a mini-Constellation. He follows it. Buy at $4.20-4.60.
Technology
HOLD
End-to-end IT service providers. Regionally focused. (Analysts’ price target is $6.00)
Technology
DON'T BUY
It is a growth by acquisition story but these are low margin companies that they are trying to consolidate. It is hard to see where the value added play is.
Technology
TOP PICK

IT services that integrates small and medium sized business. Growing aggressively through acquisition and organic opportunities. Expanding geographically and vertically within industry. Trading at 7.5x next times EBITA. Expecting further stock growth.

Technology
COMMENT
Lots of players in the space. A sizeable company. New solutions on blockchain. Interesting company. (Analysts’ price target is $9.45)
Technology
TOP PICK
They move small/mid-sized businesses into the cloud. Since 2017, they've been growing organically and by 30 acquisitions. They cross-sell and increase the customer base. They are expanding into Europe, most recently buying a company in the UK. Compounded EBITDA growth is 70% and revenue growth is around 50% compounded over the last 3 years. It trades at only 5.5x 2023's EBITDA vs. peers of 8.5-10.5x. He recently re-entered the stock. (Analysts’ price target is $10.31)
Technology
BUY
Likes it. Regionally focused. Well run. Very good at what they do. Proven themselves. From here, almost a double to the price target. (Analysts’ price target is $9.50)
Technology
TOP PICK
It is in the IT services industry focused on mid market customers in North America and Europe. It is growing very quickly so he is puzzled why the stock is so low. It has delivered on its acquisition plans and has provided solid organic growth. We should see more acquisitions and an increase in credit facilities and maybe even a dividend or buyback of shares with its free cash flow. It is growing 2 times as fast as its peers but trading at half the valuation. Buy 10, Hold 2, Sell 0 (Analysts’ price target is $11.73)
Technology
Showing 1 to 15 of 44 entries

Converge Technology Solutions(CTS-T) Rating

Ranking : 5 out of 5

Bullish - Buy Signals / Votes : 13

Neutral - Hold Signals / Votes : 1

Bearish - Sell Signals / Votes : 2

Total Signals / Votes : 16

Stockchase rating for Converge Technology Solutions 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.

Converge Technology Solutions(CTS-T) Frequently Asked Questions

What is Converge Technology Solutions stock symbol?

Converge Technology Solutions is a Canadian stock, trading under the symbol CTS-T on the Toronto Stock Exchange (CTS-CT). It is usually referred to as TSX:CTS or CTS-T

Is Converge Technology Solutions a buy or a sell?

In the last year, 16 stock analysts published opinions about CTS-T. 13 analysts recommended to BUY the stock. 2 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Converge Technology Solutions.

Is Converge Technology Solutions a good investment or a top pick?

Converge Technology Solutions was recommended as a Top Pick by on . Read the latest stock experts ratings for Converge Technology Solutions.

Why is Converge Technology Solutions 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 Converge Technology Solutions worth watching?

16 stock analysts on Stockchase covered Converge Technology Solutions In the last year. It is a trending stock that is worth watching.

What is Converge Technology Solutions stock price?

On 2023-03-29, Converge Technology Solutions (CTS-T) stock closed at a price of $4.