CNVRG Stock Overview Converge Information and Communications Technology Solutions, Inc. More details
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Converge Information and Communications Technology Solutions, Inc. Competitors Price History & Performance
Summary of share price highs, lows and changes for Converge Information and Communications Technology Solutions Historical stock prices Current Share Price ₱16.20 52 Week High ₱17.68 52 Week Low ₱8.29 Beta 0.95 1 Month Change 2.14% 3 Month Change -6.14% 1 Year Change 96.13% 3 Year Change -50.91% 5 Year Change n/a Change since IPO 6.44%
Recent News & Updates
Third quarter 2024 earnings released: EPS: ₱0.40 (vs ₱0.29 in 3Q 2023) Nov 14
Converge Information and Communications Technology Solutions, Inc. Announces Resignation of Maria Grace De Jesus as Assistant Corporate Secretary, Effective October 5, 2024 Sep 12
Converge Information and Communications Technology Solutions, Inc. Approves Dividend Policy Sep 11
Price target increased by 14% to ₱16.29 Sep 11 Converge Information and Communications Technology Solutions, Inc. Approves Special Cash Dividend, Payable on October 10, 2024 Converge Rules Out Sky Acquisition Sep 03
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Third quarter 2024 earnings released: EPS: ₱0.40 (vs ₱0.29 in 3Q 2023) Nov 14
Converge Information and Communications Technology Solutions, Inc. Announces Resignation of Maria Grace De Jesus as Assistant Corporate Secretary, Effective October 5, 2024 Sep 12
Converge Information and Communications Technology Solutions, Inc. Approves Dividend Policy Sep 11
Price target increased by 14% to ₱16.29 Sep 11 Converge Information and Communications Technology Solutions, Inc. Approves Special Cash Dividend, Payable on October 10, 2024 Converge Rules Out Sky Acquisition Sep 03
Investor sentiment improves as stock rises 17% Aug 21
Second quarter 2024 earnings released: EPS: ₱0.38 (vs ₱0.29 in 2Q 2023) Aug 15
First quarter 2024 earnings released: EPS: ₱0.35 (vs ₱0.30 in 1Q 2023) May 15 Converge Information and Communications Technology Solutions, Inc. Appoints Mr. Robert Leo A. Yu as CFO May 11
Insufficient new directors Apr 23
Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Apr 18
Full year 2023 earnings released: EPS: ₱1.25 (vs ₱1.01 in FY 2022) Mar 19
Converge Information and Communications Technology Solutions, Inc., Annual General Meeting, May 31, 2024 Feb 03
Converge Information and Communications Technology Solutions, Inc. Announces Management Changes Feb 02
Investor sentiment improves as stock rises 16% Jan 08
Converge Information and Communications Technology Solutions, Inc. Announces Resignation of Ulysses C. Naguit as Executive Vice President and Chief Information Officer, Effective on December 31, 2023 Nov 29
Third quarter 2023 earnings released: EPS: ₱0.29 (vs ₱0.30 in 3Q 2022) Nov 11
Investor sentiment deteriorates as stock falls 16% Oct 24
Now 22% undervalued after recent price drop Oct 11
Converge Information and Communications Technology Solutions, Inc. Announces Resignation of Ronald G. Brusola as Chief Technology Officer Oct 11
Second quarter 2023 earnings released: EPS: ₱0.29 (vs ₱0.27 in 2Q 2022) Aug 11
Now 22% undervalued after recent price drop Jul 05
Insufficient new directors Jun 01 Converge Information and Communications Technology Solutions, Inc. Announces Directorate Appointments
Price target decreased by 9.9% to ₱17.07 May 16
First quarter 2023 earnings released: EPS: ₱0.30 (vs ₱0.26 in 1Q 2022) May 12
Full year 2022 earnings: EPS misses analyst expectations Apr 01
Consensus EPS estimates fall by 17% Mar 17
Price target decreased by 7.7% to ₱20.27 Jan 24
Investor sentiment deteriorated over the past week Dec 19
Investor sentiment improved over the past week Nov 18
Less than half of directors are independent Nov 16
Price target decreased to ₱23.45 Oct 26
Investor sentiment deteriorated over the past week Oct 05
Price target decreased to ₱26.46 Sep 28
Converge Information and Communications Technology Solutions, Inc. (PSE:CNVRG) announces an Equity Buyback for PHP 1,500 million worth of its shares. Sep 23
Consensus forecasts updated Sep 05
Chief Strategy Officer recently bought ₱2.7m worth of stock Aug 20
Consensus EPS estimates fall by 18% Aug 18
Second quarter 2022 earnings released: EPS: ₱0.27 (vs ₱0.23 in 2Q 2021) Aug 12
Converge Information and Communications Technology Solutions, Inc. to Report First Half, 2022 Results on Aug 11, 2022 Jul 29
Investor sentiment improved over the past week Jun 30
Chief Strategy Officer recently bought ₱196k worth of stock Jun 22
Chief Strategy Officer recently bought ₱103k worth of stock Jun 11
Converge Information and Communications Technology Solutions, Inc. Appoints Paulo Martin G. Santos as Chief Network Transformation Officer May 30
Converge Information and Communications Technology Solutions, Inc. (PSE:CNVRG) announces an Equity Buyback for PHP 6,500 million worth of its shares. May 24
Now 24% undervalued after recent price drop May 23
First quarter 2022 earnings: Revenues and EPS in line with analyst expectations May 17
Now 21% undervalued after recent price drop May 02
Less than half of directors are independent Apr 27
Full year 2021 earnings: EPS exceeds analyst expectations Apr 10
Now 22% undervalued after recent price drop Feb 21
Now 21% undervalued after recent price drop Feb 04
Price target increased to ₱34.61 Nov 26
Price target increased to ₱34.61 Nov 26
Price target increased to ₱33.88 Nov 15
Third quarter 2021 earnings released Nov 12
Price target increased to ₱31.35 Nov 02
Price target increased to ₱31.89 Oct 25
Investor sentiment improved over the past week Oct 06
Chief Information Officer recently bought ₱114k worth of stock Sep 23
Chief Information Officer recently bought ₱87k worth of stock Sep 07
Chief Operating Officer recently sold ₱1.4m worth of stock Aug 26
Converge Information and Communications Technology Solutions, Inc.(PSE:CNVRG) dropped from Philippines PSE Composite Index Aug 19
Second quarter 2021 earnings released: EPS ₱0.23 (vs ₱0.099 in 2Q 2020) Aug 12
Investor sentiment improved over the past week Aug 06
Converge Information and Communications Technology Solutions, Inc. (PSE:CNVRG) entered into a deed of absolute sale of shares of agreement to acquire 60% stake in Asia Netcom Philippines Corporation from Digital Telecommunications Phils Inc. for $2.6 million. Jun 05
Converge Information and Communications Technology Solutions, Inc. (PSE:CNVRG) entered into a deed of absolute sale of shares to acquire 40% stake in Digitel Crossing Inc. from Digital Telecommunications Phils Inc. for $4.8 million. Jun 04
Consensus forecasts updated May 24
First quarter 2021 earnings released: EPS ₱0.21 (vs ₱0.089 in 1Q 2020) May 18
Full year 2020 earnings released: EPS ₱0.61 (vs ₱0.32 in FY 2019) Apr 17
Full year 2020 earnings released: EPS ₱0.45 (vs ₱0.32 in FY 2019) Mar 12
Earnings beat expectations, revenue disappoints Mar 12
Converge Information and Communications Technology Solutions, Inc. Announces Executive Changes Mar 11
Converge Information and Communications Technology Solutions, Inc., Annual General Meeting, May 28, 2021 Mar 10
Converge Information and Communications Technology Solutions, Inc. to Report Fiscal Year 2020 Results on Mar 11, 2021 Feb 23
New 90-day high: ₱17.36 Feb 04
Converge Information and Communications Technology Solutions, Inc. Names Anthony Vergel Velasco as Internal Audit Director Jan 20
Converge Information and Communications Technology Solutions, Inc. Announces Board Changes Jan 12
Converge Deploys 3Rd Core Network Backbone Node for Better Customer Internet Experience Jan 06 Shareholder Returns CNVRG PH Telecom PH Market 7D -0.6% -0.4% -2.1% 1Y 96.1% 9.8% 7.3%
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Return vs Industry: CNVRG exceeded the PH Telecom industry which returned 9.8% over the past year.
Return vs Market: CNVRG exceeded the PH Market which returned 7.3% over the past year.
Price Volatility Is CNVRG's price volatile compared to industry and market? CNVRG volatility CNVRG Average Weekly Movement 5.0% Telecom Industry Average Movement 4.9% Market Average Movement 5.2% 10% most volatile stocks in PH Market 10.8% 10% least volatile stocks in PH Market 2.7%
Stable Share Price: CNVRG has not had significant price volatility in the past 3 months compared to the PH market.
Volatility Over Time: CNVRG's weekly volatility (5%) has been stable over the past year.
About the Company Converge Information and Communications Technology Solutions, Inc. provides optic fiber fixed broadband network and internet services in the Philippines. It operates in two segments: Residential Business and Enterprise Business. The company offers fiber broadband residential plans comprising FiberX, a residential broadband services via fiber-to-the-home (FTTH) connection under FiberX brand; BIDA Fiber, a postpaid FTTH brand; Surf2Sawa, a prepaid fiber product which allows to have unlimited fiber connectivity; FiberX Time-of-Day allows the option to customize and adjust the speed available in accordance with usage at a given time; The Game Changer, a subscription which includes a free gaming router with high bandwidth, high prioritization with low packet loss, low jitter, and low latency; and HomeBase, a plan for small home-based businesses and start-ups.
Show more Converge Information and Communications Technology Solutions, Inc. Fundamentals Summary How do Converge Information and Communications Technology Solutions's earnings and revenue compare to its market cap? CNVRG fundamental statistics Market cap ₱117.72b Earnings (TTM ) ₱10.94b Revenue (TTM ) ₱39.05b
Earnings & Revenue Key profitability statistics from the latest earnings report (TTM) CNVRG income statement (TTM ) Revenue ₱39.05b Cost of Revenue ₱14.76b Gross Profit ₱24.28b Other Expenses ₱13.34b Earnings ₱10.94b
Last Reported Earnings
Sep 30, 2024
Earnings per share (EPS) 1.51 Gross Margin 62.19% Net Profit Margin 28.02% Debt/Equity Ratio 59.3%
How did CNVRG perform over the long term?
See historical performance and comparison Dividends
1.1% Current Dividend Yield
Company Analysis and Financial Data Status Data Last Updated (UTC time) Company Analysis 2024/12/21 20:50 End of Day Share Price 2024/12/20 00:00 Earnings 2024/09/30 Annual Earnings 2023/12/31
Data Sources The data used in our company analysis is from S&P Global Market Intelligence LLC . The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
Package Data Timeframe Example US Source * Company Financials 10 years Income statement Cash flow statement Balance sheet Analyst Consensus Estimates +3 years Forecast financials Analyst price targets Market Prices 30 years Stock prices Dividends, Splits and Actions Ownership 10 years Top shareholders Insider trading Management 10 years Leadership team Board of directors Key Developments 10 years
* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here .
Analysis Model and Snowflake Details of the analysis model used to generate this report is available on our Github page , we also have guides on how to use our reports and tutorials on Youtube .
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Industry and Sector Metrics Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources Converge Information and Communications Technology Solutions, Inc. is covered by 15 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
Analyst Institution Emeterio Gonzales BofA Global Research Jonathan Madrid BofA Global Research Eunice Dolatre CGS International
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