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CTS

Converge Technology Solutions TSX:CTS Stock Report

Last Price

CA$7.38

Market Cap

CA$1.6b

7D

21.0%

1Y

-28.0%

Updated

13 Aug, 2022

Data

Company Financials +
CTS fundamental analysis
Snowflake Score
Valuation3/6
Future Growth4/6
Past Performance4/6
Financial Health5/6
Dividends0/6

CTS Stock Overview

Converge Technology Solutions Corp., through its subsidiaries, distributes storage devices and systems, computer products, software, and peripherals.

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$7.38
52 Week HighCA$13.09
52 Week LowCA$4.85
Beta2.24
1 Month Change44.42%
3 Month Change20.00%
1 Year Change-28.00%
3 Year Change660.83%
5 Year Changen/a
Change since IPO702.17%

Recent News & Updates

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

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

Converge Technology Solutions Corp. ( TSE:CTS ) shareholders would be excited to see that the share price has had a...

Shareholder Returns

CTSCA ITCA Market
7D21.0%-1.6%3.0%
1Y-28.0%-29.3%0.7%

Return vs Industry: CTS exceeded the Canadian IT industry which returned -29.3% over the past year.

Return vs Market: CTS underperformed the Canadian Market which returned 0.7% over the past year.

Price Volatility

Is CTS's price volatile compared to industry and market?
CTS volatility
CTS Average Weekly Movement10.4%
IT Industry Average Movement12.3%
Market Average Movement10.6%
10% most volatile stocks in CA Market18.9%
10% least volatile stocks in CA Market4.3%

Stable Share Price: CTS is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: CTS's weekly volatility (10%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2016n/aShaun Mainehttps://www.convergetp.com

Converge Technology Solutions Corp., through its subsidiaries, distributes storage devices and systems, computer products, software, and peripherals. The company also provides installation and maintenance; analytics, hybrid cloud, infrastructure, and cybersecurity services; cloud delivery, compute efficiency, network optimization, and IT spend optimization solutions; and IT professional services, such as data center infrastructure integration and solutioning, and cloud optimization. In addition, it offers business continuity, managed, cognitive, and cybersecurity solutions; IT portfolio management, and consulting services; and multi-site IT deployments, and ISV/OEM 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$1.59b
Earnings (TTM)CA$21.48m
Revenue (TTM)CA$2.02b

73.8x

P/E Ratio

0.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CTS income statement (TTM)
RevenueCA$2.02b
Cost of RevenueCA$1.58b
Gross ProfitCA$441.86m
Other ExpensesCA$420.38m
EarningsCA$21.48m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.10
Gross Margin21.88%
Net Profit Margin1.06%
Debt/Equity Ratio29.1%

How did CTS perform over the long term?

See historical performance and comparison