TSE:CTS

Converge Technology Solutions (CTS) Stock Price, News & Analysis

C$5.74
+0.02 (+0.35%)
(As of 10:55 AM ET)
Today's Range
C$5.68
C$5.78
50-Day Range
C$4.44
C$6.00
52-Week Range
C$2.24
C$6.06
Volume
129,521 shs
Average Volume
469,130 shs
Market Capitalization
C$1.17 billion
P/E Ratio
N/A
Dividend Yield
0.70%
Price Target
C$6.47
CTS stock logo

About Converge Technology Solutions Stock (TSE:CTS)

Converge Technology Solutions Corp. provides software-enabled IT and cloud solutions in the United States and Canada. Its solutions approach delivers advanced analytics, artificial intelligence, application modernization, cloud, cybersecurity, digital infrastructure, and digital workplace offerings to clients across various industries. The company also offers managed and talent services, and hardware and software products and solutions. Converge Technology Solutions Corp. was incorporated in 2016 and is headquartered in Toronto, Canada.

CTS Stock Price History

CTS Stock News Headlines

Don’t Miss Out on the AI Gold Rush That’s Just Getting Started
“Titan of Tech” Bets Big on Tiny AI Company He’s made as much as 3,250,000% in just three years on companies like Facebook, Airbnb, and PayPal… But our research shows his latest investment could be his most successful venture yet.
Canadian Market Moderately Higher At Noon; Technology Stocks Rally
Converge Technology Solutions Corp.
Don’t Miss Out on the AI Gold Rush That’s Just Getting Started
“Titan of Tech” Bets Big on Tiny AI Company He’s made as much as 3,250,000% in just three years on companies like Facebook, Airbnb, and PayPal… But our research shows his latest investment could be his most successful venture yet.
Converge Technology Solutions Corp
Converge Technology Solutions Corp (CTS)
Converge Provides Q4-2023 Cash Flow Update
Canadian Market Pares Early Gains In Cautious Trade
See More Headlines
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Company Calendar

Last Earnings
3/06/2024
Ex-Dividend for 3/26 Dividend
3/11/2024
Dividend Payable
3/26/2024
Today
4/23/2024
Next Earnings (Confirmed)
5/09/2024

Industry, Sector and Symbol

Industry
Information Technology Services
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
2,700
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
C$6.47
High Stock Price Target
C$9.00
Low Stock Price Target
C$5.00
Potential Upside/Downside
+13.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.57
Research Coverage
7 Analysts

Profitability

Net Income
C$-1,450,000.00
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$2.71 billion
Cash Flow
C$1.02 per share
Book Value
C$2.87 per share

Miscellaneous

Free Float
N/A
Market Cap
C$1.16 billion
Optionable
Not Optionable
Beta
1.91
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Key Executives

  • Mr. Greg Berard
    Chief Executive Officer
  • Ms. Julianne Belaga
    Chief Legal Officer
  • Mr. Shaun Peter Maine
    Group CEO & Director
  • Mr. John G. Teltsch Jr.
    Chief Revenue Officer
  • Mr. Avjitpal Kamboj
    Chief Financial Officer
  • Mr. Cory Reid
    COO & Chief Information Officer
  • Ms. Karie Timion
    Vice President of Marketing
  • Ms. Rhonda Hanes
    Vice President of People Operations
  • Mr. David Luftig
    Executive Vice President of Strategy & Solutions
  • Ms. Emily Martin
    Executive Vice President of Hybrid Platforms

CTS Stock Analysis - Frequently Asked Questions

Should I buy or sell Converge Technology Solutions stock right now?

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Converge Technology Solutions in the last year. There are currently 3 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" CTS shares.
View CTS analyst ratings
or view top-rated stocks.

What is Converge Technology Solutions' stock price target for 2024?

7 brokers have issued 12 month price objectives for Converge Technology Solutions' shares. Their CTS share price targets range from C$5.00 to C$9.00. On average, they anticipate the company's stock price to reach C$6.47 in the next year. This suggests a possible upside of 13.2% from the stock's current price.
View analysts price targets for CTS
or view top-rated stocks among Wall Street analysts.

How have CTS shares performed in 2024?

Converge Technology Solutions' stock was trading at C$4.14 on January 1st, 2024. Since then, CTS stock has increased by 38.2% and is now trading at C$5.72.
View the best growth stocks for 2024 here
.

When is Converge Technology Solutions' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 9th 2024.
View our CTS earnings forecast
.

How were Converge Technology Solutions' earnings last quarter?

Converge Technology Solutions Corp. (TSE:CTS) issued its earnings results on Wednesday, March, 6th. The company reported $0.19 EPS for the quarter, topping analysts' consensus estimates of $0.12 by $0.07. The company had revenue of $651.09 million for the quarter, compared to analyst estimates of $712.08 million. Converge Technology Solutions had a negative trailing twelve-month return on equity of 1.03% and a negative net margin of 0.05%.

How often does Converge Technology Solutions pay dividends? What is the dividend yield for Converge Technology Solutions?

Converge Technology Solutions announced a quarterly dividend on Tuesday, March 5th. Stockholders of record on Tuesday, March 12th will be paid a dividend of 0.01 per share on Tuesday, March 26th. This represents a $0.04 annualized dividend and a dividend yield of 0.70%. The ex-dividend date of this dividend is Monday, March 11th.
Read our dividend analysis for CTS
.

Is Converge Technology Solutions a good dividend stock?

Converge Technology Solutions (TSE:CTS) pays an annual dividend of C$0.04 per share and currently has a dividend yield of 0.75%.
Read our dividend analysis for CTS.

How do I buy shares of Converge Technology Solutions?

Shares of CTS stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

This page (TSE:CTS) was last updated on 4/23/2024 by MarketBeat.com Staff

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