Here are 16 Canadian tech stocks you should consider adding to your portfolio.
There is a secular theme where companies will continue to spend on IT development. The industry is growing between 5 and 6%, roughly twice the growth rate of the economy. They can now make another acquisition and he is watching for potential catalysts.
Just IPO'd a couple of months ago. Analysts have not yet put out reports. An interesting business model and feels they are going to be able to Blog the latest portion of their business but so far hasn't gotten traction.
It has been a core holding of his for a long time. They are extremely well run. They are run by a competent intelligent operator. They acquire software companies. When they are put on the world stage they shine. They are a bit expensive right now but one you should own. (Analysts’ price target is…
The Canadian darling. But is it too rich? It recently broken its uptrend even though the market hasn't gone down much. A good company, but don't enter it now. Today alone it fell nearly 6%, falling for eight straight days. Volatility will hit this hard.
(A Top Pick Jan 02/18, Up 7%) Logistics software company. Sticky revenues. Good job at making small acquisitions. Still really like it. Premium valuations but it held up pretty well in this last downturn.
$300 million in cash and less than 9 times earnings. They just can’t get any love. It had a bit better execution in terms of earnings and they could get recognized. They buy back stocks. Leverage on their operations is quite high and it has not performed yet. (Analysts’ target: $14.87).
One of the leaders in the enterprise software market. They lost a big client in mid-2017. A good company. (Analysts’ price target is $93.92)
Small tech name in Canada. Come back from the dead. Building in the hot areas like 5G. A small company, not expensive, underloved. Will have to ride through volatile times. No dividend. (Analysts’ price target is $6.00)
System integrating company. A 10% dividend shows a lot of confidence. He owns some of this stock. He was buying today even.
Dead money for quite a few years. The technology was tied to laptops but now everyone is using tablets. Thinks earnings will come through with earnings from Samsung agreement.
Online gaming. The industry is a growth opportunity medium term, 3-5 years. Offers good value today. No dividend. (Analysts’ price target is $34.75)
Have an open source operating system for cell phones similar to Windows. Allows manufacturing of cell phones much cheaper. Have signed 5 contracts already. Great management team. (Similar to Google’s android?)
They produce asset-tracking technology, originally starting with blue-tooth and now getting into binary networks via a low-powered cellular device. They're now in the approcal process with U.S. carriers. They should ramp up later this year. It's a past top pick. Continues to like it and is a major holding for him.
It's trading near 52-week highs, though held back a little compared to its peers. This will change given their focus on the cloud and maybe an acqusition. They will grow around 5% organically. They will buy back a lot of stock. Their Google partnership in the cloud holds great potential. Trades at 11x EBITDA vs.…
A relatively small company that guided a little bit lower. The long term outlook is good and they just signed a term agreement within China. A good time to buy or add to your position here.
They are growing into Ontario. Their recent earnings really caught on with an impressive number. It was not even a full quarter of results from the recent acquisition. They have 20 year contracts. 16 times earnings. (Analysts’ target: $51.80).