Converge Technology Solutions Stock (CTS:TSX) Wins Award

The fundamental analysis for Converge Technology Solutions Stock is Slightly Bullish with a  score of 6.7 out of 10.

Converge Technology Solutions Stock Analysis


Analysts rate Converge Technology Solutions stock with a consensus Strong Buy rating. With a 12-month average target price of $10.05 per share.

The average analyst target price for Converge Technology Solutions stock is C$ 10.05. According to 11 analysts’ stock projections for Converge Technology Solutions. The average analyst recommendation for Converge Technology Solutions stock is Strong Buy. Converge Technology Solutions stock analysis by Stock Target Advisor is Slightly Bullish. Based on 6 positive and 3 negative signals. The stock price of Converge Technology Solutions was CAD 3.96 at the most recent closure. In the most recent week, the stock price of Converge Technology Solutions changed by -7.04%. In the most recent month and year, it changed by -39.26% and -65.45%, respectively.


Converge Technology Solutions News:

On November 15th, Converge Technology Solutions got named 
“Cisco Multiple Region Partner of the Year” for 2022.
Converge got appreciated for its role in driving Cisco reservations. They worked in 43 of the 50 US states and more than $1 million in 31 sales areas. This award got presented at the annual Cisco Partner Summit. It is a celebration of the successes of Cisco partners. Top-performing partners get recognized for their efforts.
Shaun Maine, CEO of Converge, said,
“Converge is proud of our strong Cisco partnership and the incredible accomplishments of our joint teams in 2022.”
“The outcomes show the success of our plan to establish a platform across North America. To provide the appropriate degree of value to each region’s clients.”
“As Cisco’s Multiple Region Partner of the Year, we are honoured and look forward to even greater success in 2023 and beyond.”

About Converge Technology Solutions Corp (CTS:CA:TSX)

Software-enabled IT and cloud solutions provided by Converge Technology Solutions Corp. to corporate and governmental institutions in the US and Canada. Its solutions-based strategy provides clients across many industries with:
  • Advanced analytics
  • application modernization
  • cloud
  • cybersecurity
  • digital infrastructure
  • digital workplace offerings
The business provides products for:
  • enterprise networking
  • security
  • infrastructure
  • virtualization
  • storage
  • disaster recovery
  • continuous replication of critical applications
  • infrastructure
  • data, and systems that help clients deploy data centers
  • evaluate
  • design
  • architect
  • optimize public and private cloud options
  • provide email, voice, and video communication technologies
Additionally, it provides:
  • mobile location-based technologies
  • desktop
  • laptop
  • other computer necessities
Software solutions for:
  • privacy
  • access
  • Identity management that gets designed utilizing blockchain technology
The business also offers managed and hosted services in the areas of:
  • cyber security
  • cloud computing and analytics
  • systems architecture
  • professional staffing,
  • lifecycle and desktop recovery
  • cloud computing
The Canadian company Converge Technology Solutions got established in 2016. Its main office is in Gatineau.

Fundamental Stock Analysis:


Positive Fundamentals:

Superior returns on risk.  In the top quartile, Converge Technology Solutions stock has outperformed its sector rivals. This is on a risk-adjusted basis over the course of at least a 12-month holding period.
Small debt The company is more flexible since it is less leveraged than its competitors and is in the top quartile. However, keep an eye on the news and consider the industry. This is occasionally low as there is no room for future expansion at the organization.
A healthy cash flow.  The last four quarters saw positive total cash flow for the organization.
A favourable free cash flow.  The last four quarters saw the company generate positive total free cash flow.
Unreasonably cheap based on free cash flow.  On a price-to-free cash flow ratio, the stock is trading at a low price compared to its peers and is in the top quartile. Although it can be priced too low. Be sure there isn’t a specific explanation by looking at its financial performance.
Superior growth in earnings.  In the preceding five years, this stock’s profits growth was in the top quartile for its industry.

Negative Fundamentals:

High turbulence. This company’s total returns have been erratic and higher above the industry average. If you plan to invest in such a stock, be sure your risk tolerance is adequate.
Excessive in comparison to wages.  The stock is trading above the sector median and at a premium to its peers’ price to earnings.
Priced based on free cash flow. On a price-to-free cash flow basis, the stock is trading at a premium to that of its competitors. Its pricing is higher than the sector median.

Conclusion of Analysis:

The fundamental analysis for Converge Technology Solutions stock is Slightly Bullish. The score is 6.7 out of 10.