Canadian Technology Stocks and Startups
Industrial Alliance Securities analyst Al Nagaraj says investors bidding Softchoice (TSX:SO) above yesterday’s proposed buyout price might be a tad optimistic. Yesterday, Softchoice announced its board had unanimously approved the sale of the company to Birch Hill Capital Partners for $20 per share, a number that values the company at approximately $412-million. Nagaraj says a [...]
Softchoice (TSX:SO) is growing, but it doesn’t appear to be losing that small company charm. The Toronto-based IT company was today named a Best Large Workplace in Canada by the Great Place to Work® Institute. The awards are handed out largely on the basis of employee feedback. “We are committed to unleashing the potential of [...]
For years, we have been hoping for, if not predicting, a resurgence of technology in the Canadian public markets. In 2012, we had that wish fulfilled, at least in part. The technology sector was the top performer of all sectors on the Toronto Stock Exchange. The story of 2012, at least for the first half [...]
Softchoice (TSX:SO) last week reported its Q4 and fiscal 2012 results. The company’s Q4 revenue was up 15% to (US) $308.7-million, and the company’s net income rose to (US) $8.4-million, up from $6.5-million for the same period a year prior. CEO David MacDonald said the company is increasing its earnings power. “Our focus on delivering [...]
Softchoice (TSX:SO) last week announced its Q3,2012 numbers. The company earned $5.5 million on revenue of $243.6M, which was up 7.7% over the same period last year. CEO David Macdonald said the momentum was partly the result of a recent acquisition. “Our solid earnings performance reflects our focus on productivity, managing expense growth, and expanding [...]
Shares of Toronto IT player Softchoice (TSX:SO) have been on the march since the financial crisis of 2008. Today, compelling evidence that the company’s success is now being measured on a global basis. Softchoice today announced it was recognized by the UBM Channel as a part of CRN’s 2012 Solution Provider 500. The list is [...]
There is one quote you hear more often than any other on the subject of insider buying. It is from legendary value investor Peter Lynch, who said “Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.” But is this piece of [...]
Miranda Technologies (TSX:MT) released its fiscal 2011 results. Revenue was a record $181.8 million, besting last year’s $143.6 million. Miranda CEO Strath Goodship said: “Revenues and profitability were at record levels for 2011, reflecting our success at offering innovative solutions that deliver real value to broadcasters and television service providers. The growth strategies we have [...]
As the markets closed out the week the The TSX was up .19% to 12,557, while the S&P Capped Information Technology Index was .93% to 26.74 Glentel (TSX:GLN) today renewed its normal course issuer bid, the TSX has authorized the company to buy back up to half a million shares. On January 30th, the Burnaby [...]
Social media juggernaut Facebook today filed its IPO papers. The offering, which will be underwritten by Morgan Stanley, JPMorgan Chase and Goldman Sachs, amongst others, will value the company at nearly $100 billion, making it the largest internet IPO ever. The company’s form S-1 registration reveals, predictably, that revenue and profit have been climbing for [...]
