16 of The Most Promising Canadian Tech Stocks
Here are 16 Canadian tech stocks you should consider adding to your portfolio.
Has owned this for a long time. Their outsourcing business is based on long-term contracts. Cybersecurity and digitizing businesses offer good demand. Has a strong balance sheet. They grow by acquisition, though they haven't made a big one in a few years, because valuations have been high in targets. They've been doing small acquisitions. They…
(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.
Great management team with high discipline in capital allocation. Lower valuations in recent market selloff has allowed company to make good M&A decisions. Company has good financial position (large cash flow and low debt).
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research. Slower e-commerce growth expected. Inflation and consumer spending headwinds. Continues to invest e-commerce infrastructure. Valuation near historical low. Unlock Premium - Try 5i Free
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research. Solid M&A pipeline. Trades at a premium. Continued growth post COVID. Headwinds from global trade complexities & inflation.
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
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research. Consecutive quarterly revenue growth. Strong market position. Expanding into targeting the mid-market. Strong recent results and outlook for 2022.
His firm is second-largest shareholder. Leader in embedded devices, wireless antennae, infrastructure. A few speed bumps from pandemic. Contracts delayed. New CEO. Record backlog, margins improving. Undervalued.
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%
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.
(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.
Because of the volatility, a tradable security, not an investment. You could buy it down here. Recently named a leader in the Gartner magic quadrant. Double-digit growth rate, very strong balance sheet. (Analysts’ price target is $59.00)
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).