Converge Technology Solutions Corp.

CTS

CA21250C1068

IT Services & Consulting

Delayed Toronto S.E. Other stock markets 04:00:00 2024-05-17 pm EDT			5-day change	1st Jan Change
5.25 ^CAD	-2.60%		+3.75%	+26.81%

May. 09	Converge Technology Solutions Brief: Keeps Outperform Rating But Target Lifted To C$7 From $6 at National Bank On "Another Quarter of Strong Cash Flows"	MT
May. 09	Toronto Stocks Advance as Earnings Season Gathers Pace	DJ

Converge Technology Solutions Corp. Provides Earnings Guidance for the Three Months Ended June 30, 2024

May 09, 2024 at 07:35 am EDT

Converge Technology Solutions Corp. provided earnings guidance for the three months ended June 30, 2024. For the period, the company expects Gross profit to be in the range of $175 million - $182 million.

Latest news about Converge Technology Solutions Corp.

Converge Technology Solutions Brief: Keeps Outperform Rating But Target Lifted To C$7 From $6 at National Bank On "Another Quarter of Strong Cash Flows"	May. 09	MT
Toronto Stocks Advance as Earnings Season Gathers Pace	May. 09	DJ
Converge Technology Solutions Loses 10% as Q1 Adjusted Earnings Fall	May. 09	MT
Converge Technology Solutions Q1 Adjusted Earnings Fall	May. 09	MT
Transcript : Converge Technology Solutions Corp., Q1 2024 Earnings Call, May 09, 2024	May. 09
Converge Technology Solutions Corp. Provides Earnings Guidance for the Three Months Ended June 30, 2024	May. 09	CI
Converge Technology Solutions Corp. Declares Quarterly Dividend, Payable on June 6, 2024	May. 09	CI
Earnings Flash (CTSDF) CONVERGE TECHNOLOGY SOLUTIONS Posts Q1 Revenue C$628.8M, vs. Street Est of C$672.9M	May. 09	MT
Earnings Flash (CTSDF) CONVERGE TECHNOLOGY SOLUTIONS Reports Q1 EPS C$0.11	May. 09	MT
Converge Technology Solutions Brief: Q1 Net loss of $3.5 million, an increase in loss of $0.1 million; Revenue of $628.8 million, a decrease of $49.4 million	May. 09	MT
Converge Technology Solutions Corp. Reports Earnings Results for the First Quarter Ended March 31, 2024	May. 09	CI
Converge Technology Solutions Reports GenAI Focused Partnership With Forum Systems	Apr. 18	MT
Converge Technology Solutions Corp. Announces GenAI Focused Partnership with Forum Systems, Inc	Apr. 18	CI
Converge Technology Solutions' Q4 Adjusted Profit, Revenue Grows; Provided Outlook	Mar. 06	MT
Transcript : Converge Technology Solutions Corp., Q4 2023 Earnings Call, Mar 06, 2024	Mar. 06
Converge Technology Solutions Corp. Reports Earnings Results for the Full Year Ended December 31, 2023	Mar. 06	CI
Converge Technology Solutions Brief: Says Gross Sales Top $4.0 Billion in FY 2023; Q4 Marked Consecutive Billion Dollar Quarter	Mar. 06	MT
Converge Technology Solutions Brief: Q4 Net income of $4.8 million, an increase of $9.4 million; Revenue of $651.1 million, an increase of $10.2 million	Mar. 06	MT
Converge Technology Solutions Corp. Declares Quarterly Dividend, Payable on March 26, 2024	Mar. 06	CI
Converge Technology Solutions Corp. Reports Earnings Results for the Fourth Quarter Ended December 31, 2023	Mar. 06	CI
North American Morning Briefing : Stock Futures -2-	Mar. 06	DJ
Tranche Update on Converge Technology Solutions Corp.'s Equity Buyback Plan announced on August 9, 2023.	Mar. 04	CI
Transcript : Converge Technology Solutions Corp. - Special Call	Jan. 30
Converge Provides Q4-2023 Cash Flow Update	Jan. 29	MT
Converge Technology Solutions Brief: Providing Q4 2023 Cash Flow Update; Cash from Operating Activities Expected to Exceed $100 Million	Jan. 29	MT

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Company Profile

Converge Technology Solutions Corp. is a services-led, software-enabled, information technology (IT) and cloud solutions provider. Its global approach delivers advanced analytics, artificial intelligence (AI), application modernization, cloud platforms, cybersecurity, digital infrastructure, and digital workplace offerings to clients across various industries. It supports these solutions with advisory, implementation, and managed services across all IT vendors in the marketplace. Its segments include Converge Hybrid IT Solutions (Converge), and Portage Software-as-a-Solution (SaaS) Solutions. Converge is focused on delivering advanced analytics, application modernization, cloud, cybersecurity, digital infrastructure, digital workplace, and managed services offerings and provision of hardware and software products and solutions to clients across various industries and organizations. SaaS is focused on digital transactions between individuals, businesses, and government organizations.

Sector

IT Services & Consulting

Calendar

2024-06-19 - Annual General Meeting

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Ratings for Converge Technology Solutions Corp.

Trading Rating

Investor Rating

ESG Refinitiv

C-

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

5.25 CAD

Average target price

6.886 CAD

Spread / Average Target

+31.17%

Consensus

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Estimates Revisions

Quarterly earnings - Rate of surprise

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