CGI Group’s pipeline of opportunities has never looked better, says Cantor

cgi group

With a large pipeline of business and margins back to where they were before the acquisition of Logica, things are looking great for CGI Group (TSX:GIB.A), says Cantor Fitzgerald Canada analyst Ralph Garcea. On Wednesday, CGI reported its Q2, 2015 results. The company earned $251.2-million on revenue of $2.6-billion. “Our focus on operational excellence continues […]

Pinetree Capital selling POET Technologies


A year ago, Pinetree Capital was an aggressive buyer of POET Technologies (TSXV:PTK). Shares of POET raced to a high of $2.54 on April 17, 2014 and Pinetree was adding to a position that had surpassed 11% of all shares outstanding. But a year later, Pinetree is selling POET in the open market at prices […]

Espial’s wins are set to accelerate, says Global Maxfin


North American cable operators facing steep customer declines will drive growth for Espial (TSX:ESP), says Global Maxfin Capital analyst Manish Grigo. In a research update to clients yesterday, Grigo initiated coverage of Espial with a “Buy” recommendation and a one year target price of $5.25 a share, implying a return of 37.4% at the time […]

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 […]