CGI Group upgraded to “Buy” at Clarus Securities

michael roach cgi group

Increasing cash flow strength and the likelihood of a “material” M&A transaction around the corner has Clarus Securities analyst Eyal Ofir feeling good about CGI Group (TSX:GIB.A). Last Thursday, CGI Group reported its fourth quarter and fiscal 2014 results. For the quarter, the company posted adjusted EBITDA of $486-million on revenue of $2.48-billion, a topline […]

Espial has 180% upside, says Mackie Research

Espial Group CEO Jaison Dolvane.

The risk/reward scenario on Espial Group (TSX:ESP) is extremely compelling, says Mackie Research Capital analyst Nikhil Thadani. In a report to clients this morning, Thadani initiated coverage of Espial with a “Speculative Buy” rating and a one-year target price of $4.00, implying a return of 178% at the time of publication. Thadani thinks Espial offers […]

Sandvine rises after booking $8-million in new orders

Sandvine today announced that its board has approved an open market stock buyback program for the purchase of up to approximately 12.5 million common shares over a one-year period. The number is nearly 10% of the 138,551,030 shares it had issued and outstanding yesterday.

Shares of Sandvine (TSX:SVC) are up today after yesterday announcing it had received $8-million in orders from three different “Tier 1″ operators. The company said the orders for its policy-traffic-switch platform and software licenses associated with it came from operators in the the Middle East and Africa Asia-Pacific region, Europe, and North America. A full […]

Kinaxis is a “must own” stock, says Cormark analyst Tse

After spending time with its customers, Cormark analyst Richard Tse says Kinaxis (TSX:KXS) is a “must own” stock for tech investors. In a research update to clients this morning, Tse reiterated his “BUY” rating and $22 one-year target price on Kinaxis. Tse spent part of last week attending Kinaxis’ annual user conference in San Diego. […]

TECSYS gets love from Gartner, Industrial Alliance

tecsys

Industrial Alliance Securities analyst Steve Li says there are many reasons to remain bullish about TECSYS (TSX:TCS). In a research update to clients this morning, Li maintained his “Strong Buy” rating and $10.50 one-year target on TECSYS, implying a return of 33.2% at the time of publication. Yesterday, TECSYS announced it had been granted patent […]

Catamaran spikes after $5.5-billion third quarter

Shares of Catamaran Corp. (TSX:CCT) are up today after the company reported Q3 results that bested expectations. Riding strong organic growth in its Pharmacy Benefit Management business, the company’s Q3 revenue increased 53% to $5.5-billion, up from the the $3.6-billion topline it posted in last year’s third quarter. Catamaran earned $82.0-million, up from $72.9 million […]

Insider buying at ViXS Systems

ViXS VP Worldwide Sales Perry Chappell is one of three company insiders to make recent purchases of the company's stock in the open market.

ViXS Systems (VXS.TO) hasn’t done much but go down since going public last year, but some of those closest to the company think its shares are now cheap. Several ViXS insiders have made recent purchases of the stock in the open market. On October 8th, the company’s VP, Infrastructure and Networking Sales John Pomeroy bought […]

ViXS Systems has 150% upside, says Paradigm’s Kim

vixs

ViXS Systems’ (TSX:VXS) heavy investment in R&D will enable the company’s stock to rebound from a “free fall” following its IPO in July of last year, says Paradigm Capital analyst Daniel Kim. Since its offering, which was priced at $3.50, shares of Toronto-based ViXS have experienced a protracted slide, with its most recent prices being […]

ViXS is at a potential turning point in momentum, says Clarus

vixs

Market adoption of 4K video and HEVC will make for an exciting 2015 for ViXS Systems (TSX:VXS), says Clarus Securities analyst Eyal Ofir. Yesterday, ViXS reported its Q2, 2015 results. The company lost (U.S.) $3.78-million on revenue of $9-million, up 11% from the $8.1-million topline the company posted in last year’s second quarter. “ViXS continues […]

Intertain Group gets new $8.00 price target from Clarus

"We believe Intertain deserves a premium multiple," says Mackie Research Capital analyst Nikhil Thadani. "Intertain’s revenue guarantee, strong organic prospects, able management team, very rapid M&A execution and more M&A upside warrants a premium multiple."

Intertain’s (TSX:IT) planned acquisition of online bingo player Mandalay Media removes risk from the company’s story, says Clarus Securities analyst Eyal Ofir. On Wednesday, Intertain announced the planned acquisition of the U.K.-based Mandalay for 45-million British pounds, plus a performance contingency of 15-million pounds. Intertain Group CEO John Kennedy FitzGerald said the pickup gives the […]