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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

    Opinion about GIB.A-T: Global operations; with Canada representing ~15% of revenue, US ~30%, 44-45% in Europe and UK. Outsourcing (~55% of the business) has long-term contracts, so that's defensive and not as cyclical. Consulting side tends to be more economically sensitive. Stock's pulled back ~17% from highs in February. About 14% of revenue is from doing…

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    Tucows Inc. (TC-T)

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

    Opinion about TC-T: Sold because its ROIC returns started to get a bit wonky. In fact in last 3 years, ROIC has been negative. Satellite internet access has eaten the lunch of fibre. Hard to form a moat around its domain business. Wait for ROIC to be in excess of 20% for at least 3…

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    Constellation Software Inc. (CSU-T)

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

    Opinion about CSU-T: Can't argue with the chart. Now hitting its old high. Sort of levelling off, might be in one of those consolidation periods. It did this back in 2022. Net-net the stock's been in an uptrend for a long time, no reason to be concerned. 

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    Shopify Inc. (SHOP-T)

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

    Opinion about SHOP-T: Pay attention to the old highs (~$200), and stock's getting close to them. Recent peak does appear to be breaking the last one. Probably will get to the $200 area, so still a few bucks to go. From there, that's when to start chewing your nails, as it's stalled there before when…

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    Descartes (DSG-T)

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

    Opinion about DSG-T: Down 17% YTD. Software company, specialty is supply chain management and logistics. Unique, well run, exceptionally strong balance sheet. Currently trades at a rich valuation, but typically trades even higher. Hit by trade uncertainty from Trump tariffs. Still below his buy price today. Will do well long term. No dividend.  (Analysts’ price…

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    Celestica Inc (CLS-T)

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

    Opinion about CLS-T: In general, margins for contract manufacturers are very thin. But this name's on a roll. Great space, as the world will continue to build data centres. Very strong earnings momentum. Consistent upgrades to earnings estimates, which is what you want in a growth stock. Better than 98% of companies in the S&P…

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    Kinaxis Inc (KXS-T)

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

    Opinion about KXS-T: Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research It has a strong balance sheet with $260M net cash. EPS is set to surge this year and rise another 25%+ next year. Cash flow is good and it is a relatively conservative company overall. As a supply chain software solution, it…

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    Baylin Technologies (BYL-T)

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

    Opinion about BYL-T: Notoriously volatile. BYL has had a rough ride in recent years, but has fixed their balance sheet after selling their money-losing mobile business based in Korea. Are now focused on embedded antennas, infrastructure and satcom. They just announced a big stadium deal in South American for their wireless antennas, in which they…

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    Pivot Technology Solutions Inc. (PTG-T)

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

    Opinion about PTG-T: 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. (ABST-T) — Stockchase
    Absolute Software Corp. (ABST-T) — Stockchase

    Opinion about ABST-T: Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research. The stock drifted along under $12 through 2022 to August when it moved up to about $16 which held to the start of November when it fell to its month-end close of $13.24. ABST is a leading provider of self-healing endpoint and…

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    The Stars Group Inc (TSGI-T)

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

    Opinion about TSGI-T: (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

    Opinion about ITC-T: 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.

    stockchase.com stockchase.com

    Bewhere Holdings Inc (BEW-X)

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

    Opinion about BEW-X: Caught attention of market as numbers continued to ramp up. Very big move, now consolidating. Will probably eventually get taken out for its technology and customer base. Trades thinly. May itself be looking for a small acquisition.

    stockchase.com stockchase.com

    Open Text (OTEX-T)

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

    Opinion about OTEX-T: The caller asked about his opinion on both of these companies. Open Text is much larger and is very leveraged, Open Text did a large deal which is not at their comfort level. He has never owned it. Enghouse has no debt along with lots of cash. The CEO of Enghouse is…

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    Photon Control (PHO-X)

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

    Opinion about PHO-T: Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research. Smaller, cyclical company. Rolling out new products. Share buyback potential. Fortunes tied to semiconductor industry.

    stockchase.com stockchase.com

    🛍 Consumer

    Great Canadian Gaming Corp (GC-T)

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

    Opinion about GC-T: Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research. Takeover offer. Pandemic hit hard. Solid assets, but re-opening slowed. Healthy balance sheet.

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