
- Converge Technology Solutions reported preliminary fourth-quarter revenue of approximately C$680.8 million.
- The company also reported a preliminary adjusted EBITDA of about C$47.9 million for the same period.
- Analysts’ recommendations included four buy ratings, two hold ratings, and one sell rating for Converge Technology’s stock.
A look at Converge Technology Solutions Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 2 | |
| Growth | 2 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 2.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Converge Technology Solutions Corp., a provider of information technology services in Canada and the United States, has a mixed outlook based on the Smartkarma Smart Scores. With a strong momentum score of 4, the company is showing promising signs of growth and market performance. However, its value, dividend, growth, and resilience scores fall in the mid-range, suggesting room for improvement in these areas to enhance overall company performance over the long term.
In summary, Converge Technology Solutions Corp. offers a range of IT solutions to address business challenges, with a focus on multi-cloud, identity management, security, and data center services. While the company demonstrates positive momentum, its overall outlook, as indicated by the Smartkarma Smart Scores, suggests opportunities for enhancement in key areas such as value, dividend yield, growth potential, and resilience to ensure sustained success in the competitive IT services industry.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
π‘ Before itβs here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- β Unlimited Research Summaries
- β Personalised Alerts
- β Custom Watchlists
- β Company Analytics and News
- β Events & Webinars