16 of The Most Promising Canadian Tech Stocks
Here are 16 Canadian tech stocks you should consider adding to your portfolio.
Has owned this many years. It lagged the tech sector last year, but it was a tech defensive stock and have reported good results two weeks ago with 8% organic growth. Companies are investing in digitizing their companies, so CGI will benefit. CGI does acquisitions based on a strong balance sheet, and they grow organically.…
(A Top Pick Jul 29/20, Up 17%) #2 in the domain business. A cash cow. Steady and predictable. Also have a mobile business and a fibre business. In this environment, expects them to have many more installations and business should boom. Top management. Would buy at these levels.
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Lack of liquidity leads to volatility in the price. Reported revenue of $1.43 bln, meeting estimates and growing 22%. Good cash reserves. Can be deployed to acquire new companies, taking advantage of the lowering tech valuations. Unlock Premium - Try 5i Free
Would suggest thinking about valuing companies based on how well can survive tech selloff. Waiting to see if company can generate income and profit. Will stay on sidelines until earnings are proven. Watch company and wait to see what happens.
One of the leading companies for supply management. Very solid. As commerce grows and supply chains get more complicated, it will do fine. Long-term holding. Buy on weakness.
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. As had a good quarter with beating estimates and raising results. Continues to see demand from the cloud and semiconductor industries. Revenues rose 27% and EPS also beat. They raised revenue outlook from $6.37B to $6.5B. Unlock Premium - Try 5i Free
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Has done a round trip over the last year Double digit top-line growth rate that is expected to grow in 2022. Gross margins are in the 60% range. Balance sheet is also strong. The focus on supply chains will be good for the company. Earnings…
a record backlog. expect a much better year ahead. will benefit from war Now is a good time to buy this. turnaround plan. This will pay a good return in coming years.
Payout ratio is 56%. Sales are declining by 25% and earnings have fallen by 67%. He would be cautious and would look elsewhere. Yield 13%
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…
(A Top Pick May 29/19, Up 66%) He sold out previously. He liked the 5 year forecast. As we came into late last year some of the volatility in the stock was not what he was interested in so he exited. He believes they will be stronger going forward.
They sold their position due to the inconsistency of their results. He is watching it again, especially now that the momentum is improving. He is not buying yet, but will keep an eye on it.
Asset trackers. New iteration uses cell, not Wi-Fi. Helps cell phone companies boost revenue, as price of phone plans decreases. Before stepping in again, he's looking for a big ramp up in the trajectory of revenue and earnings.
It has 75 000 customers which is only 10% penetration of the software business. It also wants to increase its contact (has 40% right now) with more of the Global 10 000 companies. Its software offering is broader. Is an aquisitor. Would seriously consider buying. Regarding interest rates, he feels that the effect of rising…
Being acquired. No competing offer on the horizon. You're not risking much by buying, but doesn't see another deal coming along.
It's being acquired now, so there's little juice to squeeze here. The market is assuming the deal will happen. He owns Evolution Gaming (Swedish) instead, which operates the software for online gaming (EVO is the ticker).