CTS Stock Overview
Provides software-enabled IT and cloud solutions in the United States and Canada.
| Snowflake Score | |
|---|---|
| Valuation | 5/6 |
| Future Growth | 1/6 |
| Past Performance | 0/6 |
| Financial Health | 5/6 |
| Dividends | 1/6 |
Converge Technology Solutions Corp. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | CA$4.55 |
| 52 Week High | CA$6.06 |
| 52 Week Low | CA$2.25 |
| Beta | 1.81 |
| 11 Month Change | 5.32% |
| 3 Month Change | 3.64% |
| 1 Year Change | 60.78% |
| 33 Year Change | -50.44% |
| 5 Year Change | 394.57% |
| Change since IPO | 394.57% |
Recent News & Updates
Is Converge Technology Solutions (TSE:CTS) Using Too Much Debt?
Sep 04
Pinning Down Converge Technology Solutions Corp.'s (TSE:CTS) P/S Is Difficult Right Now
Jun 21Recent updates
Is Converge Technology Solutions (TSE:CTS) Using Too Much Debt?
Sep 04Pinning Down Converge Technology Solutions Corp.'s (TSE:CTS) P/S Is Difficult Right Now
Jun 21We Think Converge Technology Solutions (TSE:CTS) Is Taking Some Risk With Its Debt
May 23Is Converge Technology Solutions Corp. (TSE:CTS) Trading At A 49% Discount?
May 02Capital Allocation Trends At Converge Technology Solutions (TSE:CTS) Aren't Ideal
Apr 11Converge Technology Solutions Corp. (TSE:CTS) Held Back By Insufficient Growth Even After Shares Climb 28%
Mar 16Converge Technology Solutions Corp.'s (TSE:CTS) Share Price Is Matching Sentiment Around Its Revenues
Jan 31Is Converge Technology Solutions (TSE:CTS) Using Too Much Debt?
Nov 08Some Investors May Be Worried About Converge Technology Solutions' (TSE:CTS) Returns On Capital
Oct 18Should You Investigate Converge Technology Solutions Corp. (TSE:CTS) At CA$2.59?
Aug 11Here's What's Concerning About Converge Technology Solutions' (TSE:CTS) Returns On Capital
May 31Is There Now An Opportunity In Converge Technology Solutions Corp. (TSE:CTS)?
May 11We Like These Underlying Return On Capital Trends At Converge Technology Solutions (TSE:CTS)
Feb 11Should You Be Adding Converge Technology Solutions (TSE:CTS) To Your Watchlist Today?
Jan 20Is Now The Time To Look At Buying Converge Technology Solutions Corp. (TSE:CTS)?
Jan 04Converge Technology Solutions (TSE:CTS) Has A Pretty Healthy Balance Sheet
Nov 29Converge Technology Solutions (TSE:CTS) Is Looking To Continue Growing Its Returns On Capital
Oct 04We Ran A Stock Scan For Earnings Growth And Converge Technology Solutions (TSE:CTS) Passed With Ease
Sep 16Converge Technology Solutions (TSE:CTS) Has A Pretty Healthy Balance Sheet
Aug 29Converge Technology Solutions Corp.'s (TSE:CTS) 32% Jump Shows Its Popularity With Investors
Aug 11Converge Technology Solutions (TSE:CTS) Shareholders Will Want The ROCE Trajectory To Continue
Jun 28Shareholder Returns
| CTS | CA IT | CA Market | |
|---|---|---|---|
| 7D | -0.4% | -0.8% | 0.2% |
| 1Y | 60.8% | 14.1% | 23.1% |
Return vs Industry: CTS exceeded the Canadian IT industry which returned 14.1% over the past year.
Return vs Market: CTS exceeded the Canadian Market which returned 23.1% over the past year.
Price Volatility
| CTS volatility | |
|---|---|
| CTS Average Weekly Movement | 6.0% |
| IT Industry Average Movement | 7.8% |
| Market Average Movement | 8.3% |
| 10% most volatile stocks in CA Market | 17.1% |
| 10% least volatile stocks in CA Market | 3.1% |
Stable Share Price: CTS has not had significant price volatility in the past 3 months compared to the Canadian market.
Volatility Over Time: CTS's weekly volatility (6%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2016 | 2,700 | Shaun Maine | www.convergetp.com |
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. Fundamentals Summary
| CTS fundamental statistics | |
|---|---|
| Market cap | CA$884.23m |
| Earnings (TTM) | -CA$161.17m |
| Revenue (TTM) | CA$2.64b |
0.3x
P/S Ratio-5.5x
P/E RatioIs CTS overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| CTS income statement (TTM) | |
|---|---|
| Revenue | CA$2.64b |
| Cost of Revenue | CA$1.93b |
| Gross Profit | CA$710.18m |
| Other Expenses | CA$871.35m |
| Earnings | -CA$161.17m |
Last Reported Earnings
Jun 30, 2024
Next Earnings Date
n/a
| Earnings per share (EPS) | -0.83 |
| Gross Margin | 26.88% |
| Net Profit Margin | -6.10% |
| Debt/Equity Ratio | 86.4% |
How did CTS perform over the long term?
See historical performance and comparison