Kinaxis pullback is a buying opportunity, says Laurentian

kinaxis

A sharp drop in the price of Ottawa-based supply chain management player Kinaxis (TSX:KXS) is an opportunity to buy a market leader at a reasonable price, says Laurentian Bank Securities analyst Nick Agostino. In a research update to clients today, Agostino maintained his “Buy” rating and one-year target price of $51.50 on Kinaxis, implying a […]

Patient Home Monitoring is “Significantly Undervalued”, says Mackie

phm

Following Patient Home Monitoring’s (TSXV:PHM) first quarter results, Mackie Research Capital analyst Russell Stanley continues to believes the company’s stock is cheap. Today, PHM reported its first quarter results. The company posted revenue of $40.2 million, adjusted EBITDA of $7.7 million and operating cash flow (before working capital) of $9.1 million or $0.03 per share. […]

Cantor Fitzgerald Canada lowers target on Redknee, maintains buy

redknee2

A quarter of “mixed” news has Cantor Fitzgerald Canada analyst Ralph Garcea feeling slightly less bullish about Redknee Solutions (TSX:RKN). Yesterday, Redknee reported its Q1, 2016 results. The company lost (U.S.) $4.3-million on revenue of $50.1-million, a 20 per cent drop from the $62.6-million topline the company reported in the same period last year. Shares […]

OpenText is building momentum, says Cormark

opentext hq

A better than expected second quarter has Cormark analyst Richard Tse feeling bullish about OpenText (TSX:OTC, Nasdaq:OTEX). Yesterday, OpenText reported its Q2, 2016 results. The company earned (U.S.) $87.74-million on revenue of $465.3-million. “The strength of fiscal 2016 Q2 shows the potential of digital transformation for our customers and the Open Text business model: Total […]

Haywood analyst Sangha says India site visit confirms DataWind’s huge upside

DataWind customer and technical support centre in Gurgaon (Source: Haywood Securities).

Haywood Securities analyst Pardeep Sangha is currently in India, where he has visited DataWind’s (TSX:DW) headquarters in Gurgaon, outside of New Delhi, and the company’s manufacturing facility in Amritsar, Punjab. The analyst says his trip, which also included a sit-down with CEO Suneet Singh Tuli in New Delhi, a site visit to a third-party outsourced […]

TSO3 keeps “Top Pick” rating at Euro Pacific Canada

tso3

TSO3’s (TSX:TOS) balance sheet was not overly risky before, but the company’s recent warrant exercise has reduced risk further, says Euro Pacific Canada analyst Doug Loe. Yesterday, TSO3 announced that all its outstanding warrants with a $1.875 exercise price have either been exercised or have expired as of Feb. 4, 2016, netting the company $13.5-million […]

Canadian online gaming names like Intertain are undervalued, says Mackie

intertain

The move by Intertain Group (TSX:IT) management to place all options to unlock shareholder value on the table, combined with Amaya CEO David Baazov’s recent actions to bid to take that company private, are strong signals that the public markets are under-valuing Canadian online gaming names, says Mackie Research Capital analyst Nikhil Thadani. This morning, […]