Beaten down ViXS Systems is a buy, says Cormark

ViXS Systems CEO Sally Daub.

Shares of ViXS Systems (TSX:VXS) have taken it on the chin of late, but Cormark analyst Richard Tse says investors should take advantage of the current price of the stock, which he believes is much too low. Last Wednesday, ViXS announced that a year-end audit revealed uncovered that billing of $1.5-million under a previously disclosed [...]

ViXS Systems is staying ahead of the curve, says Cantor Fitzgerald’s Abernethy

Late in December, Samsung unveiled its 110-inch UltraHD TV.

A series of product and design announcements from ViXS Systems (TSX:VXS) this week provides further validation that the company is well positioned to take advantage of media and communications trends, says Cantor Fitzgerald Canada analyst Blair Abernethy. On April 1st, ViXS expanded its UltraHD 4K offering by adding XCodePro 330 and XCodePro 320, a pair [...]

CGI to part ways with Massachusetts. “Not material,” says Cantor

Blue Cross Blue Shield of Massachusetts VP Sarah Iselin says the state will part ways with CGI Group. But Cantor Fitzgerald Canada analyst Justin Kew says he expects contract will run its full term, to September 2014.

More bad press in the U.S. for CGI Group (TSX:GIB.A) is sound and fury, but it signifies nothing, says Cantor Fitzgerald analyst Justin Kew. Yesterday, the Boston Herald ran a salacious headline: “Massachusetts firing Obamacare contractor CGI”. Sarah Iselin, a VP with Blue Cross Blue Shield of Massachusetts, broke the news. “We have made the [...]

CGI Group CEO Michael Roach talks to Cantech Letter

Roach on Healthcare.gov "We believe that CGI’s role and the facts surrounding this historical and complex initiative will become clear in the fullness of time."

One of the eternal frustrations with the media business is that a salacious scoop gets page one, and the retraction correcting all the things wrong with it comes a week later, on page 56. Sizzle sells. The facts? Sometimes not so much. Late last year, Montreal’s CGI Group (TSX:GIB.A) became embroiled in the fallout around [...]

Espial Group still has upside, says Global Maxfin’s Garcea

Espial CEO Jaison Dolvane says the Ottawa-based company is gaining momentum.

Espial Group’s (TSX:ESP) surprise Q4 results aren’t an anomaly, says Global Maxfin analyst Ralph Garcea. Last Wednesday, after market, Espial released its Q4 and fiscal 2013 results. In the fourth quarter the company earned $100,000, or a penny a share on revenue of $3.9-million. Garcea expected the company would lose three-cents a share on revenue [...]

Google’s Nest may be Sitting on an Undisclosed Patent Treasure Trove

Google’s acquisition of Nest further adds to the company’s immense patent portfolio, and the Nest patents may complement Google’s technology well.

In January, Google announced that it will be acquiring Nest Labs, Inc. for $3.2 billion in cash. In just a few short years since its founding in 2010, Nest has done an excellent job in obtaining patents related to its self-learning thermostat, smoke alarm, and home automation technology. Envision IP identified 38 US patents and [...]

Cantor’s Kew: Q1 Doesn’t Change my Bullish view of CGI Group

Cantor Fitzgerald analyst Justin Kew says his confidence in CGI Group comes from growing momentum in its pipeline that he believes will translate into expanded revenue and EBIT.

After reporting its Q1, 2014 results shares of CGI Group (TSX:GIB.A) dipped today, but Cantor Fitzgerald analyst Justin Kew says his view on the company’s fundamentals hasn’t changed. CGI reported net earnings of $189.8-million or $0.60 a share on revenue of $2.6-billion. Kew had been expecting EPS of $0.71 on revenue of $2.6-billion. “We delivered [...]

Ahead of Q1 results, Cantor Fitzgerald says buy CGI Group

Cantor Fitzgerald analyst Justin Kew notes that the Indian rupee has depreciated 7% year-over- year and has increased the purchasing power of the Canadian dollar. Overall, he expects foreign exchange will have a slightly positive impact on CGI's Q1 EBIT margins.

Foreign exchange tailwinds will help solidify a quarter for CGI Group (TSX:GIB.A) that was already looking good, says Cantor Fitzgerald analyst Justin Kew. On Wednesday, before market open, CGI will release its Q1, 2014 results. The company is following on a Q4 in which it posted EPS of $0.67 on revenue of $2.5-billion, up 53% [...]

Difference Capital invests $2-million in Ottawa’s BTI Systems

BTI Systems has cultivated a network of channel partners to sell a variety of municipal and regional data centre connection products

Difference Capital (TSX:DCF), the Toronto-based merchant bank, today announced an investment of $2 million in BTI Systems Inc., a networking software and systems vendor whose aim is to assist both content providers and telecommunications carriers in capitalizing on demand for increasingly stretched bandwidth as reliance grows on intensive applications such as online video, cloud storage [...]

PI analyst Pardeep Sangha raises target on Descartes to $13

Descartes' management says the Chinese shipping downturn has been exaggerated.

Another record quarter for Waterloo-based logistics firm Descartes Systems Group (TSX:DSG) has PI tech analyst Pardeep Sangha taking a more bullish stance on the stock. Descartes yesterday reported its Q2, 2014 results. The company earned (U.S.) $1.74-million on revenue of $38.2-million, which was up 25% from last year’s Q2. Sangha says Descartes quarter was powered [...]