Converge Technology Solutions (CTS.TO) Stock Price
Converge Technology Solutions Price
Revenue has compounded at 74.4% per year over the past 7 years to 2.59 B CAD. Converge Technology Solutions's net margin stands at -6.9%, down from -0.4% several years earlier. Converge Technology Solutions currently offers a dividend yield of about 0.92%. Analysts set a median price target of 6.12 CAD, implying 2.2% above the current price. Of 12 analysts, 7 rate the stock a buy — an overall Buy consensus.
Converge Technology Solutions stock price
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Converge Technology Solutions business model & stock analysis
Frequently asked questions about Converge Technology Solutions
The business model of Converge Technology Solutions Corp revolves around providing IT solutions and services to various industries. Converge Technology Solutions Corp focuses on delivering transformative technologies, such as the hybrid multi-cloud, data analytics, cybersecurity, and digital infrastructure solutions. Leveraging strategic partnerships with leading technology vendors, Converge Technology Solutions Corp aims to optimize clients' IT infrastructure, enhance operational efficiency, and drive digital transformation. By offering a comprehensive portfolio of innovative IT solutions, Converge Technology Solutions Corp aims to empower businesses with advanced technologies and enable them to stay competitive in the modern digital landscape.
Converge Technology Solutions Corp is primarily active in the information technology (IT) industry.
The main competitors of Converge Technology Solutions Corp in the market include leading IT companies such as IBM, Dell Technologies, and Hewlett Packard Enterprise. As a dynamic technology solutions provider, Converge Technology Solutions Corp faces competition from these established players in various segments of the market. While IBM is renowned for its breadth and depth of offerings, Dell Technologies focuses on delivering innovative hardware and software solutions. Hewlett Packard Enterprise, on the other hand, specializes in delivering cutting-edge technologies for enterprise customers. These competitors constantly push Converge Technology Solutions Corp to innovate and enhance its offerings to maintain its competitive edge in the market.
Converge Technology Solutions Corp is a leading IT services and solution provider based in Canada. Established in 2017, the company has quickly gained recognition for its innovative technology offerings and customer-focused approach. With a comprehensive portfolio of services including cloud solutions, cybersecurity, data analytics, and digital infrastructure, Converge helps organizations optimize their IT environments and achieve their business goals. The company has experienced remarkable growth through strategic acquisitions and partnerships, expanding its reach across North America and Europe. Converge's commitment to delivering exceptional customer experiences and cutting-edge solutions has positioned them as a trusted and reliable technology partner in the market.
Converge Technology Solutions Corp has achieved several significant milestones. The company has successfully expanded its portfolio by acquiring numerous IT solutions providers, including SolutionsPT, Vicom and Essex Technology Group. It has also established strong partnerships with industry leaders such as Dell Technologies and IBM. Converge Technology Solutions Corp has been recognized for its exceptional growth and innovation, earning a spot on the prestigious CRN Fast Growth 150 list and being named to the Solution Provider 500 list. The company's commitment to delivering outstanding customer service and advanced technology solutions has positioned it as a leading player in the IT industry.
Converge Technology Solutions Corp is primarily present in North America, specifically in the United States and Canada. This IT solution provider serves a diverse range of clients across various industries within these countries. With its headquarters in Toronto, Canada, Converge Technology Solutions Corp has a strong presence in major cities and regions including New York, Chicago, Atlanta, Vancouver, and Calgary. By leveraging its strategic partnerships and acquisitions, the company aims to expand its footprint and continue delivering excellent technology solutions to clients throughout North America.
Converge Technology Solutions Corp represents values of innovation, collaboration, and customer-centric approach. With a strong dedication to delivering cutting-edge technology solutions, Converge focuses on fostering partnerships and building long-term relationships with clients. The company's corporate philosophy is driven by a commitment to excellence, integrity, and teamwork, which enables them to provide industry-leading technology services and solutions. Converge Technology Solutions Corp aims to empower businesses through transformative technologies, ensuring their success in the ever-evolving digital landscape.
Analysts currently set an average price target of 5.92 CAD for the Converge Technology Solutions stock (median: 6.12 CAD), implying -1.2 % versus the latest price. The consensus is based on 12 analyst ratings.
12 analysts currently rate the Converge Technology Solutions stock: 7 recommend buying, 4 holding and 1 selling. For 2026, analysts expect Converge Technology Solutions to generate revenue of 2.70 B CAD and earnings per share of 0.72 CAD.
Converted at the current exchange rate, the Converge Technology Solutions share trades at 3.81 EUR (5.99 CAD).
The Converge Technology Solutions share (CTS.TO) is listed on 5 stock exchanges, including: Toronto (CTS.TO), Frankfurt (0ZB.F), München (0ZB.MU), Düsseldorf (0ZB.DU).
Converge Technology Solutions Corp is a leading provider of IT solutions and services. The company is focused on offering its customers a wide range of IT solutions that cover all aspects of IT operations, from planning and implementation to management and support. The company operates in three main areas, namely technology solutions, cloud solutions, and consulting services.
The expected revenue of Converge Technology Solutions is 2.70 B CAD. This figure is based on current financial data and reflects the company's business performance.
The expected profit of Converge Technology Solutions is 142.35 M CAD. The net profit reflects the company's profitability after deducting all expenses.
The price-to-earnings ratio (P/E) of Converge Technology Solutions is currently 8.32. The P/E ratio compares the current share price to the earnings per share and helps investors assess the valuation of the Converge Technology Solutions stock.
The price-to-sales ratio (P/S) of Converge Technology Solutions is currently 0.44. The P/S ratio compares the market capitalization to the annual revenue and serves as a valuation metric for the Converge Technology Solutions stock.
The Eulerpool Quality Score for Converge Technology Solutions is 4/10.
The ISIN of Converge Technology Solutions is CA21250C1068. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.
The WKN of Converge Technology Solutions is A2PD0W. The WKN (Wertpapierkennnummer) is a six-digit German security identification number.
The ticker of Converge Technology Solutions is CTS.TO. The ticker symbol is used to trade Converge Technology Solutions shares on the stock exchange.
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All fundamentals and in-depth analysis of Converge Technology Solutions
Our stock analysis for Converge Technology Solutions stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Converge Technology Solutions. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.