Celestica price target lowered by Paradigm, keeps “Buy” rating

Celestica

Celestica’s (TSX:CLS) higher Q3 margins were tempered by its lower-than-expected fourth quarter guidance, says Paradigm Capital analyst Gabriel Leung. Yesterday, Celestica announced ts Q3, 2014 results. The company earned (US) $34.4-million on revenue of $1.423-billion, down 5% from last year’s Q3. “Despite overall demand softness in the third quarter, primarily in our communications end market, […]

DataWind is a buy, says Haywood

Suneet Singh Tuli and Raja Singh Tuli, co-founders of Datawind Inc. celebrate the Company’s $30 million IPO at the TSX market open.

DataWind (TSX:DW) has a real opportunity in enabling internet access to emerging markets, says Haywood analyst Massimo Voci. In a research report to clients this morning, Voci initiated coverage of DataWind with a “Buy” rating and $7.00 one-year target, implying a return of 75% at the time of publication. Best known for its cheap tablets, […]

Buy Espial ahead of Q3 results, says Clarus analyst Ofir

Espial CEO Jaison Dolvane.

The recent pullback in shares of Espial Group (TSX:ESP) is a buying opportunity, says Clarus analyst Eyal Ofir. In a research update to clients this morning, Ofir reiterated his “Buy” rating and $4.00 one-year target price on Espial, implying a return of 108.3% at the time of publication. Ofir says shares of Espial has been […]

Sensio is a takeover target, says Global Maxfin

Global Maxfin Capital analyst Ralph Garcea says deals Sensio has signed with Paramount, Disney and Universal lend "instant credibility to its 3DGO! store.

Having recently signed extensions with Disney and Universal, Sensio (TSXV:SIO) is building value in its 3DGO! platform and has become a “much more valuable takeover target”, says Global Maxfin Capital analyst Ralph Garcea. This morning, Sensio announced it had extended its content licensing agreement with Universal Pictures Home Entertainment for the distribution of 3-D movies […]

Get defensive with these Canadian tech stocks, says Cormark

cgi group

Many of Canada’s best technology names are mature companies with recurring revenue streams that make them particularly attractive in the current market downturn, says Cormark analyst Richard Tse. In a research report to clients this morning, Tse talked about a phenomenon that has seen certain companies that performed well in the bull market showing resilience […]

Valeant Q3 could prove it doesn’t need Allergan, says Paradigm

valeant

A strong third quarter from Valeant Pharmaceuticals (TSX:VRX) on October 20th could prove to the street that the company’s legacy business is strong and sustainable, says Paradigm Capital analyst Alan Ridgeway. In a research update to clients this morning, Ridgeway maintained his “Buy” rating and $160.00 target on Valeant, implying a return of 39% at […]

An Opportunity for Growth: Canada’s Internet Economy Lags Our G-20 Counterparts

When compared with the growth of other nations, Canada's Internet economy will be overtaken by Mexico's, which is forecast to contribute 4.5% of its GDP while Canada lurches forward to 3.6%.

A recent report by the Internet Association, which “represents America’s leading Internet companies and their global community of users,” found that although Canadians themselves have enthusiastically embraced the Internet, Canada’s economy has been losing out “because businesses are under-utilizing digital technologies and missing out on the contributions they can make to employment, GDP growth, and […]

The single biggest difference between the Canadian and American tech scenes

The American technology scene is presided over by consumer facing companies such as Apple, Microsoft and Facebook. They dominate headlines and are what most people immmediately think of when they think of tech. In Canada, to an almost complete degree, our best tech companies are enterprise facing; they work behind the scenes and are better known to businesses.

“I don’t pay much attention to them, to be honest.” This nimble response to an audience question about Facebook at an investor gathering some months ago in Vancouver laid plain a simple fact that many might not realize about the Canadian technology scene. The speaker was a friend, Ron Shuttleworth, who watched the tech scene […]