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16 of The Most Promising Canadian Tech Stocks

Melisa R. H. Posted On January 24, 2019
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Canadian tech is thriving, and we’ve heard lots of experts talk about Shopify and OpenText. A rally in tech stocks is expected in 2019.

Here are 16 Canadian tech stocks you should consider adding to your portfolio.

💻 Technology

CGI Group (A) (GIB.A-T)

CGI Group (A) (GIB.A-T) — Stockchase
CGI Group (A) (GIB.A-T) — Stockchase

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.…

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Tucows Inc. (TC-T)

Tucows Inc. (TC-T) — Stockchase
Tucows Inc. (TC-T) — Stockchase

(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.

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Constellation Software Inc. (CSU-T)

Constellation Software Inc. (CSU-T) — Stockchase
Constellation Software Inc. (CSU-T) — Stockchase

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

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Shopify Inc. (SHOP-T)

Shopify Inc. (SHOP-T) — Stockchase
Shopify Inc. (SHOP-T) — Stockchase

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.

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Descartes (DSG-T)

Descartes (DSG-T) — Stockchase
Descartes (DSG-T) — Stockchase

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.

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Celestica Inc (CLS-T)

Celestica Inc (CLS-T) — Stockchase
Celestica Inc (CLS-T) — Stockchase

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

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Kinaxis Inc (KXS-T)

Kinaxis Inc (KXS-T) — Stockchase
Kinaxis Inc (KXS-T) — Stockchase

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…

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Baylin Technologies (BYL-T)

Baylin Technologies (BYL-T) — Stockchase
Baylin Technologies (BYL-T) — Stockchase

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.

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Pivot Technology Solutions Inc. (PTG-T)

Pivot Technology Solutions Inc. (PTG-T) — Stockchase
Pivot Technology Solutions Inc. (PTG-T) — Stockchase

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%

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Absolute Software Corp. (ABT-T)

Absolute Software Corp. (ABT-T) — Stockchase
Absolute Software Corp. (ABT-T) — Stockchase

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…

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The Stars Group Inc (TSGI-T)

The Stars Group Inc (TSGI-T) — Stockchase
The Stars Group Inc (TSGI-T) — Stockchase

(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.

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Intrinsyc Software Inc (ITC-T)

Intrinsyc Software Inc (ITC-T) — Stockchase
Intrinsyc Software Inc (ITC-T) — Stockchase

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.

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Bewhere Holdings Inc (BEW-X)

Bewhere Holdings Inc (BEW-X) — Stockchase
Bewhere Holdings Inc (BEW-X) — Stockchase

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.

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Open Text (OTEX-T)

Open Text (OTEX-T) — Stockchase
Open Text (OTEX-T) — Stockchase

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…

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Photon Control (PHO-X)

Photon Control (PHO-T) — Stockchase
Photon Control (PHO-T) — Stockchase

Being acquired. No competing offer on the horizon. You're not risking much by buying, but doesn't see another deal coming along.

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🛍 Consumer

Great Canadian Gaming Corp (GC-T)

Great Canadian Gaming Corp (GC-T) — Stockchase
Great Canadian Gaming Corp (GC-T) — Stockchase

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).

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