Canadian Technology Stocks and Startups
Byron Capital analyst Rob Goff says he likes Telus’s (TSX:T) proposed acquisition of Mobilicity. Yesterday, Telus announced it had entered into an agreement with the struggling upstart carrier to acquire it for $380-million. Mobilicity, which was founded as DAVE Wireless, entered the Canadian market after a 2008 spectrum auction for AWS frequencies. The company paid [...]
Look for the expansion of Redline Communication’s (TSX:RDL) order backlog to begin to hit its bottom line, says Cantor Fitzgerald analyst Tom Liston. Tomorrow, before market open, Redline will report its Q1, 2013 results. Liston expects the company’s topline will come in at $9.9 million, which is lower than consensus estimate of of $10.5 million. [...]
Cantor Fitzgerald analysts Justin Kew and Tom Liston say Wi-LAN (TSX:WIN) these days is a rare thing: a stock with significant upside and a valuation that provides a floor price. This morning, Wi-LAN reported its Q1, 2013 numbers. The company lost $6.43-million on revenue of $18.4-million, which it says was ahead of its own guidance [...]
When Sierra Wireless (TSX:SW) sold its AirCard unit to California-based Netgear early this year, it was the last and largest move in a long term plan. That plan was to become a machine-to machine pure play, something the company sees as a path to sustainable profitability. Numbers out of the Las Vegas Computer Electronics Show [...]
M Partners analyst Ron Shuttleworth says the business Redknee (TSX:RKN) acquired through Nokia Siemens Networks is showing signs of stickiness and stability. Shuttleworth notes that, over the past few days, Redknee has announced some meaningful customer renewals. He believes each of these deals will represent $3-million to $4-million in annualized revenue, and many are incorporating [...]
It could be considered a bit of an ungainly symbol for a country that prides itself on its rugged beauty; our lakes and forests and frozen ponds. Toronto’s CN Tower has been derided as an “an ugly hold over from the ” atomic ” age of the late 1960′s”, and an eyesore. A then Toronto [...]
Twitter’s new music recommendation and streaming service arrived last Thursday, promising to rearrange the charts to reflect a more intuitive picture of fan engagement with music. What differentiates #Music is that it is available as a standalone app, demonstrating Twitter’s innate understanding that the future of media consumption (and serving ads to people who consume [...]
Byron Capital analyst Rob Goff has grown increasingly bullish on the wireless space, and believes Rogers Communications (TSX:RCI.B) exposure to wireless makes it attractive. Yesterday, Rogers announced it had acquired Blackiron Data, a pure-play provider of data centre and cloud computing services in Canada with approximately 4,000 customers, from Primus Telecommunications Group for $200-million. Blackiron [...]
Byron Capital analyst Rob Goff says Telus’s (TSX:T) subscriber outlook continues to improve as people use more data. Goff says he is increasingly bullish on the wireless space, and he likes the heavy exposure Telus has to it. He says that wireless contributes 65% of his 2013 earnings EBITDA estimate for Telus, slightly higher than [...]
Byron Capital analyst Rob Goff says Cogeco (TSX:CCA) has effectively removed the risks associated with its recent acquisitions, and now has limited downside. On Wednesday, the Quebec-based media and communications company reported its Q2, 2013 numbers. Cogeco earned $58.45-million on revenue of $429.7-million, which was up 35.2% over last year’s Q1. CEO Louis Audette commented [...]
