Here are 16 Canadian tech stocks you should consider adding to your portfolio.
She has owned this for quite a while. At this price level it is a buy. Their business is split between outsourcing and consulting. This includes high recurring revenues. The lock down and pandemic has slowed some of their business. However, she thinks companies will realize the value of the services in security and outsourcing…
A definite lid at around $85 and recently broke through. From a technical perspective that is very bullish. The chart looks pretty good now.
It is his largest position and he has owned it since 2014. The management team is one of the best on the planet. They continue to acquire and integrate software companies. Roll up strategies can be disastrous, but some do it very well, not getting distracted. (Analysts’ price target is $1598.11)
Why the recent run-up? A wunderkind stock in focus during the pandemic. The business is excellent, but the stock is not at current prices. He bought and sold this a while ago. He scratches his head now--high expectations and high valuations. Earnings--they don't make any money. Too rich for his blood. He'd sell it.
They are a leader in global logistics. They help customers assess, real time, what the rates are for shipping. They layer in efficiency that is hard to find. (Analysts’ price target is $57.47)
(A Top Pick May 29/18, Down 40%) They make electronic products for other manufacturers, like Cisco. There has been a lot of new product spending delays in the space and this is hurting them. The valuation is great and the company continues to buy back their own shares.
A growth name to add involved in monitoring supply chain activity. They are knocking it out the park with 20% sales growth annually and a large backlog of orders with good margins. Yield 0% (Analysts’ price target is $173.33)
It suffered some hiccups last year. It is taking a lot longer to roll out 5G than expected. It is a good buying opportunity. They have a bright future but you have to be patient.
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%
(A Top Pick Oct 18/19, Up 4%) Investors are appreciating the steady cash flow. Some day they will be an acquisition target. They have a great niche in the market. They have the ability to grow, although it is not a giant market.
(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.
He finds it interesting, but got "stop-lossed" out of it. They have a unique low powered cellular device that can be used for tracking. This is another type of device that consumers could look to buy. It could be used to track trailers, or even jack hammers. They did an equity raise a while ago…
Has long owned this cloud computing stock. It's acquisitive. 75% of revenues are recurring. Q1 results reflect the work-at-home trend has benefited them. They have 100 million+ users across the world with 90% of revenues outside Canada, namely the U.S. They do an amazing job of synergizing companies they buy. Over decades they outperform the…
Semiconductors: The index was up 50% last year. Capital is moving into the space. He prefers the analogue space and PHO-T is effectively a 5 G play. It may work, but he would prefer a dividend paying stock.
He got stopped out of this. It's well-run, but the casinos are closed so there's no revenue coming in. GC carries a reasonable amount of debt. Also, casinos have high operating expenses, even during this lockdown. He wants to see stability in their debt, though. In recessions, gambling performs well, though.