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Converge Technology Solutions TSX:CTS Stock Report

Last Price

CA$4.55

Market Cap

CA$926.7m

7D

0.4%

1Y

-7.7%

Updated

19 Feb, 2024

Data

Company Financials +

Converge Technology Solutions Corp.

TSX:CTS Stock Report

Market Cap: CA$926.7m

CTS Stock Overview

Converge Technology Solutions Corp. provides software-enabled IT and cloud solutions in the United States and Canada.

CTS fundamental analysis
Snowflake Score
Valuation5/6
Future Growth3/6
Past Performance0/6
Financial Health4/6
Dividends0/6

Converge Technology Solutions Corp. Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Converge Technology Solutions
Historical stock prices
Current Share PriceCA$4.55
52 Week HighCA$4.93
52 Week LowCA$2.25
Beta1.91
1 Month Change16.97%
3 Month Change10.98%
1 Year Change-7.71%
3 Year Change-25.16%
5 Year Change758.49%
Change since IPO394.57%

Recent News & Updates

Converge Technology Solutions Corp.'s (TSE:CTS) Share Price Is Matching Sentiment Around Its Revenues

Jan 31
Converge Technology Solutions Corp.'s (TSE:CTS) Share Price Is Matching Sentiment Around Its Revenues

Recent updates

Converge Technology Solutions Corp.'s (TSE:CTS) Share Price Is Matching Sentiment Around Its Revenues

Jan 31
Converge Technology Solutions Corp.'s (TSE:CTS) Share Price Is Matching Sentiment Around Its Revenues

Is Converge Technology Solutions (TSE:CTS) Using Too Much Debt?

Nov 08
Is Converge Technology Solutions (TSE:CTS) Using Too Much Debt?

Some Investors May Be Worried About Converge Technology Solutions' (TSE:CTS) Returns On Capital

Oct 18
Some Investors May Be Worried About Converge Technology Solutions' (TSE:CTS) Returns On Capital

Should You Investigate Converge Technology Solutions Corp. (TSE:CTS) At CA$2.59?

Aug 11
Should You Investigate Converge Technology Solutions Corp. (TSE:CTS) At CA$2.59?

Here's What's Concerning About Converge Technology Solutions' (TSE:CTS) Returns On Capital

May 31
Here's What's Concerning About Converge Technology Solutions' (TSE:CTS) Returns On Capital

Is There Now An Opportunity In Converge Technology Solutions Corp. (TSE:CTS)?

May 11
Is There Now An Opportunity In Converge Technology Solutions Corp. (TSE:CTS)?

We Like These Underlying Return On Capital Trends At Converge Technology Solutions (TSE:CTS)

Feb 11
We Like These Underlying Return On Capital Trends At Converge Technology Solutions (TSE:CTS)

Should You Be Adding Converge Technology Solutions (TSE:CTS) To Your Watchlist Today?

Jan 20
Should You Be Adding Converge Technology Solutions (TSE:CTS) To Your Watchlist Today?

Is Now The Time To Look At Buying Converge Technology Solutions Corp. (TSE:CTS)?

Jan 04
Is Now The Time To Look At Buying Converge Technology Solutions Corp. (TSE:CTS)?

Converge Technology Solutions (TSE:CTS) Has A Pretty Healthy Balance Sheet

Nov 29
Converge Technology Solutions (TSE:CTS) Has A Pretty Healthy Balance Sheet

Converge Technology Solutions (TSE:CTS) Is Looking To Continue Growing Its Returns On Capital

Oct 04
Converge Technology Solutions (TSE:CTS) Is Looking To Continue Growing Its Returns On Capital

We Ran A Stock Scan For Earnings Growth And Converge Technology Solutions (TSE:CTS) Passed With Ease

Sep 16
We Ran A Stock Scan For Earnings Growth And Converge Technology Solutions (TSE:CTS) Passed With Ease

Converge Technology Solutions (TSE:CTS) Has A Pretty Healthy Balance Sheet

Aug 29
Converge Technology Solutions (TSE:CTS) Has A Pretty Healthy Balance Sheet

Converge Technology Solutions Corp.'s (TSE:CTS) 32% Jump Shows Its Popularity With Investors

Aug 11
Converge Technology Solutions Corp.'s (TSE:CTS) 32% Jump Shows Its Popularity With Investors

Converge Technology Solutions (TSE:CTS) Shareholders Will Want The ROCE Trajectory To Continue

Jun 28
Converge Technology Solutions (TSE:CTS) Shareholders Will Want The ROCE Trajectory To Continue

Should You Be Adding Converge Technology Solutions (TSE:CTS) To Your Watchlist Today?

Jun 06
Should You Be Adding Converge Technology Solutions (TSE:CTS) To Your Watchlist Today?

Is Converge Technology Solutions (TSE:CTS) Using Too Much Debt?

May 16
Is Converge Technology Solutions (TSE:CTS) Using Too Much Debt?

Converge Technology Solutions (TSE:CTS) Is Doing The Right Things To Multiply Its Share Price

Mar 18
Converge Technology Solutions (TSE:CTS) Is Doing The Right Things To Multiply Its Share Price

Shareholder Returns

CTSCA ITCA Market
7D0.4%1.4%1.2%
1Y-7.7%21.1%1.1%

Return vs Industry: CTS underperformed the Canadian IT industry which returned 21.1% over the past year.

Return vs Market: CTS underperformed the Canadian Market which returned 1.1% over the past year.

Price Volatility

Is CTS's price volatile compared to industry and market?
CTS volatility
CTS Average Weekly Movement6.3%
IT Industry Average Movement8.9%
Market Average Movement8.7%
10% most volatile stocks in CA Market18.0%
10% least volatile stocks in CA Market3.2%

Stable Share Price: CTS's share price has been volatile over the past 3 months.

Volatility Over Time: CTS's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2016n/aShaun Mainehttps://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, 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

How do Converge Technology Solutions's earnings and revenue compare to its market cap?
CTS fundamental statistics
Market capCA$926.72m
Earnings (TTM)-CA$10.84m
Revenue (TTM)CA$2.70b

0.3x

P/S Ratio

-85.5x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
CTS income statement (TTM)
RevenueCA$2.70b
Cost of RevenueCA$2.00b
Gross ProfitCA$690.27m
Other ExpensesCA$701.11m
Earnings-CA$10.84m

Last Reported Earnings

Sep 30, 2023

Next Earnings Date

Mar 06, 2024

Earnings per share (EPS)-0.053
Gross Margin25.61%
Net Profit Margin-0.40%
Debt/Equity Ratio67.7%

How did CTS perform over the long term?

See historical performance and comparison

Dividends

0.9%

Current Dividend Yield

-57%

Payout Ratio
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