CGI Group gets price target raise to $58 at Cormark

cgi group

Cormark analyst Richard Tse says the combination of a big recurring revenue base, a solid backlog of orders, debt repayment, solid cash flow, and a share buyback program, are pointing to upside for CGI Group ((TSX:GIB.A). Shares of CGI rose yesterday and today after the company reported a first quarter that saw earnings grow by […]

Shares of CGI Group rise on first quarter earnings growth

cgi group

Shares of CGI Group (TSX:GIB.A) are up today after the company’s first quarter saw earnings grow by nearly 25%. In its Q1, 2015, CGI posted adjusted EBITDA of $344.0-million on revenue of $2.54-billion, a stealthier performance than the $302.9-million in EBITDA it delivered on a topline of $2.64-billion in last year’s first quarter. CEO Michael […]

Telus Selects 38 Companies to Open Its Internet of Things Marketplace


Telecom giant Telus has announced the opening of its Internet of Things Marketplace, an M2M platform for offering turnkey solutions offered by 38 of the country’s leading tech innovators. Telus has partnered with Internet of Things platform Jasper to develop the nuts and bolts of delivery. “IoT technology has tremendous potential to make Canadian businesses […]

Clarus Securities Highlights Tech’s Resurgence at Montreal Conference

Clarus Securities Managing Director, Investment Banking, Mark Pavan

Toronto-based Clarus Securities held its first Growth & Innovation Conference yesterday at the Ritz-Carlton in Montreal, bringing together eight of Canada’s most interesting publicly traded companies. After opening remarks by Mark Pavan, Clarus’ managing director of investment banking, presentations were made by CGI Group, Redknee Solutions, Slyce, Espial Group, VIXS Systems, Urthecast, Intertain Group and […]

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


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 […]