Enghouse Systems continues run of international acquisitions, buys CDRator A/S

esl chart

Enghouse System’s (TSX:ESL) remarkable run has been powered by acquisitions, often international in scope and executed at what prove to be bargain basement prices. Today, the company appears to have pulled another page from that playbook. Enghouse this morning announced it has acquired Danish mobile billing provider CDRator A/S for just over one times sales. […]

BlackBerry Adds Billionaire Mathematician Jim Simons To List Of Shareholders


SEC filings published last week show that James Harris “Jim” Simons bought 3.3 million shares in BlackBerry (NASDAQ:BBRY) (TSX:BB) in December, valued at US $35.9 million, a strong vote of confidence in BlackBerry by one of the savviest stock pickers in the world. Jim Simons is a renowned mathematician, who founded the Medallion Fund in […]

Computer Sciences Corporation acquisition could make sense for CGI, says Cormark


While he says has no information about a deal being imminent, Cormark analyst Richard Tse says the acquisition of Computer Sciences Corporation’s commercial businesses “could be compelling” for CGI Group (TSX:GIB.A, NYSE:GIB). Yesterday, shares of both CGI and CSC were up sharply on rumours that the latter was looking to split and then sell off […]

Redknee is still a buy, says Cantor Fitzgerald Canada


Following a “mixed” Q1 report, Cantor Fitzgerald Canada analyst Justin Kew is maintaining his “Buy” rating and $5.50 one-year target on Redknee (TSX:RKN). The target price implied a return of 83% at the time of publication. This morning, Redknee reported its first quarter 2015 results. The company earned (U.S.) $2.01-million on revenue of $62.6-million, a […]

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 […]