TSE:CTS Converge Technology Solutions (CTS) Stock Price, News & Analysis → Bible Shocker: Have You Seen Elon Musk’s Miracle? (From InvestorPlace) (Ad) Free CTS Stock Alerts C$5.25 -0.14 (-2.60%) (As of 05/17/2024 ET) Add Compare Share Share Today's RangeC$5.21▼C$5.4450-Day RangeC$5.06▼C$6.0052-Week RangeC$2.24▼C$6.06Volume384,394 shsAverage Volume520,457 shsMarket CapitalizationC$1.05 billionP/E RatioN/ADividend Yield1.14%Price TargetC$6.63 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsHeadlinesInsider TradesStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsHeadlinesInsider Trades Get Converge Technology Solutions alerts: Email Address Converge Technology Solutions MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.57 Rating ScoreUpside/Downside26.2% UpsideC$6.63 Price TargetShort InterestN/ADividend StrengthWeakBased on Four FactorsSustainabilityN/ANews Sentiment0.11Based on 5 Articles This WeekInsider TradingAcquiring SharesC$66,944 Bought Last QuarterProj. Earnings GrowthN/ASee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.3.48 out of 5 stars 4.3 Analyst's Opinion Consensus RatingConverge Technology Solutions has received a consensus rating of Moderate Buy. The company's average rating score is 2.57, and is based on 4 buy ratings, 3 hold ratings, and no sell ratings.Amount of Analyst CoverageConverge Technology Solutions has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.Read more about Converge Technology Solutions' stock forecast and price target. Previous Next N/A Short Interest Short InterestThere is no current short interest data available for CTS. Previous Next 0.8 Dividend Strength Dividend YieldConverge Technology Solutions pays a meaningful dividend of 1.14%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthConverge Technology Solutions does not have a long track record of dividend growth.Read more about Converge Technology Solutions' dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for CTS. Previous Next 2.3 News and Social Media Coverage News SentimentConverge Technology Solutions has a news sentiment score of 0.11. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.46 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 5 news articles for Converge Technology Solutions this week, compared to 1 article on an average week.Search Interest1 people have searched for CTS on MarketBeat in the last 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Converge Technology Solutions insiders have bought more of their company's stock than they have sold. Specifically, they have bought C$66,944.00 in company stock and sold C$0.00 in company stock.Percentage Held by InsidersOnly 5.17% of the stock of Converge Technology Solutions is held by insiders.Percentage Held by InstitutionsOnly 36.38% of the stock of Converge Technology Solutions is held by institutions.Read more about Converge Technology Solutions' insider trading history. Previous Next 1.3 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe P/E ratio of Converge Technology Solutions is -525.00, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Converge Technology Solutions is -525.00, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Growth RatioConverge Technology Solutions has a PEG Ratio of 0.14. PEG Ratios below 1 indicate that a company could be undervalued.Price to Book Value per Share RatioConverge Technology Solutions has a P/B Ratio of 1.88. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.Read more about Converge Technology Solutions' valuation and earnings. 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Converge Technology Solutions Corp. was incorporated in 2016 and is headquartered in Toronto, Canada.Read More CTS Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart CTS Stock News HeadlinesMay 13, 2024 | americanbankingnews.comAnalysts Issue Forecasts for Converge Technology Solutions Corp.'s Q2 2024 Earnings (TSE:CTS)May 12, 2024 | americanbankingnews.comConverge Technology Solutions (TSE:CTS) PT Raised to C$7.00May 12, 2024 | americanbankingnews.comConverge Technology Solutions (TSE:CTS) Price Target Cut to C$6.50May 10, 2024 | finance.yahoo.comConverge Technology Solutions First Quarter 2024 Earnings: EPS Beats Expectations, Revenues LagMay 9, 2024 | finanznachrichten.deConverge Technology Solutions Corp.: Converge Reports First Quarter 2024 ResultsMay 9, 2024 | americanbankingnews.comConverge Technology Solutions Corp. (TSE:CTS) Given Average Recommendation of "Moderate Buy" by BrokeragesApril 26, 2024 | finance.yahoo.comConverge Technology Solutions (TSE:CTS) shareholders have earned a 39% CAGR over the last five yearsMarch 11, 2024 | tmcnet.comConvergence, Automation, and Improved Customer Experiences: Key Trends Shaping 2024March 7, 2024 | markets.businessinsider.comCanadian Market Moderately Higher At Noon; Technology Stocks RallyFebruary 22, 2024 | finance.yahoo.comConverge Technology Solutions Recognized on CRN's 2024 MSP 500 ListFebruary 21, 2024 | wsj.comConverge Technology Solutions Corp.February 20, 2024 | morningstar.comConverge Technology Solutions CorpFebruary 13, 2024 | investing.comConverge Technology Solutions Corp (CTS)February 7, 2024 | finanznachrichten.deConverge Technology Solutions Corp.: Converge to Host Fourth Quarter and Fiscal Year 2023 Conference CallFebruary 7, 2024 | finance.yahoo.comConverge to Host Fourth Quarter and Fiscal Year 2023 Conference CallJanuary 29, 2024 | finance.yahoo.comConverge Provides Q4-2023 Cash Flow UpdateJanuary 22, 2024 | markets.businessinsider.comCanadian Market Pares Early Gains In Cautious TradeJanuary 12, 2024 | theglobeandmail.comClosing Bell: Converge Technology Solutions Corp flat on Friday (CTS)January 5, 2024 | finanznachrichten.deConverge Technology Solutions Corp.: Converge Announces Next "Coffee and Converge" Event Focused on Re-Imagining Application ModernizationJanuary 5, 2024 | finance.yahoo.comConverge Announces Next "Coffee and Converge" Event Focused on Re-Imagining Application ModernizationJanuary 3, 2024 | finanznachrichten.deConverge Technology Solutions Corp.: Converge Technology Solutions Announces UK and Germany Operations Achieve IBM Platinum Partner StatusJanuary 3, 2024 | finance.yahoo.comConverge Technology Solutions Announces UK and Germany Operations Achieve IBM Platinum Partner StatusDecember 5, 2023 | finance.yahoo.comWendy Bahr Joins Converge Technology Solutions Corp. Board of DirectorsNovember 21, 2023 | finance.yahoo.comStone Group, A Converge Company, Achieves Dell Technologies Titanium Partner StatusNovember 18, 2023 | finance.yahoo.comConverge Technology Solutions (TSE:CTS) shareholder returns have been fantastic, earning 416% in 5 yearsSee More Headlines Receive CTS Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Converge Technology Solutions and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Ex-Dividend for 3/26 Dividend3/11/2024Dividend Payable3/26/2024Last Earnings5/09/2024Today5/19/2024Ex-Dividend for 6/6 Dividend5/22/2024Dividend Payable6/06/2024Next Earnings (Estimated)8/14/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeTSE SectorComputer and Technology Industry Information Technology Services Sub-IndustryN/A Current SymbolTSE:CTS CUSIPN/A CIKN/A Webwww.convergetp.com Phone416 360 1495FaxN/AEmployees2,700Year FoundedN/APrice Target and Rating Average Stock Price TargetC$6.63 High Stock Price TargetC$9.00 Low Stock Price TargetC$5.00 Potential Upside/Downside+26.2%Consensus RatingModerate Buy Rating Score (0-4)2.57 Research Coverage7 Analysts Profitability EPS (Most Recent Fiscal Year)C($0.01) Trailing P/E RatioN/A Forward P/E Ratio9.54 P/E Growth0.14Net IncomeC$-1,400,000.00 Net Margins-0.05% Pretax MarginN/A Return on Equity-1.08% Return on Assets1.38% Debt Debt-to-Equity Ratio58.49 Current Ratio0.93 Quick Ratio0.68 Sales & Book Value Annual SalesC$2.66 billion Price / Sales0.39 Cash FlowC$0.93 per share Price / Cash Flow5.63 Book ValueC$2.79 per share Price / Book1.88Miscellaneous Outstanding Shares199,870,000Free FloatN/AMarket CapC$1.05 billion OptionableNot Optionable Beta1.93 A Guide To High-Short-Interest StocksMarketBeat's analysts have just released their top five short plays for May 2024. Learn which stocks have the most short interest and how to trade them. Click the link below to see which companies made the list.Get This Free Report Key ExecutivesMr. Greg BerardChief Executive OfficerMs. Julianne BelagaChief Legal OfficerMr. Shaun Peter MaineGroup CEO & DirectorMr. John G. Teltsch Jr.Chief Revenue OfficerMr. Avjitpal KambojChief Financial OfficerMr. Cory ReidCOO & Chief Information OfficerMs. Karie TimionVice President of MarketingMs. Rhonda HanesVice President of People OperationsMr. David LuftigExecutive Vice President of Strategy & SolutionsMs. Emily MartinExecutive Vice President of Hybrid PlatformsMore ExecutivesKey CompetitorsSolium CapitalTSE:SUMSoftchoiceTSE:SFTCHammond Power SolutionsTSE:HPS.AEvertz TechnologiesTSE:ETDye & DurhamTSE:DNDView All CompetitorsInsidersCory ReidBought 2,315 shares on 3/22/2024Total: C$13,218.65 ($5.71/share)Toni RinowBought 500 shares on 3/22/2024Total: C$2,830.00 ($5.66/share)Greg BerardBought 8,775 shares on 3/20/2024Total: C$50,895.00 ($5.80/share)Cory ReidBought 2,135 shares on 12/4/2023Total: C$8,700.34 ($4.08/share)Avjit KambojBought 14,000 shares on 8/16/2023Total: C$35,560.00 ($2.54/share)View All Insider Transactions CTS Stock Analysis - Frequently Asked Questions Should I buy or sell Converge Technology Solutions stock right now? 7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Converge Technology Solutions in the last twelve months. There are currently 3 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" CTS shares. View CTS analyst ratings or view top-rated stocks. What is Converge Technology Solutions' stock price target for 2024? 7 analysts have issued 1 year price objectives for Converge Technology Solutions' stock. Their CTS share price targets range from C$5.00 to C$9.00. On average, they predict the company's share price to reach C$6.63 in the next year. This suggests a possible upside of 26.2% from the stock's current price. View analysts price targets for CTS or view top-rated stocks among Wall Street analysts. How have CTS shares performed in 2024? Converge Technology Solutions' stock was trading at C$4.14 at the start of the year. Since then, CTS stock has increased by 26.8% and is now trading at C$5.25. View the best growth stocks for 2024 here. When is Converge Technology Solutions' next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 14th 2024. View our CTS earnings forecast. How were Converge Technology Solutions' earnings last quarter? Converge Technology Solutions Corp. (TSE:CTS) issued its quarterly earnings data on Thursday, May, 9th. The company reported $0.11 EPS for the quarter, meeting analysts' consensus estimates of $0.11. The firm had revenue of $628.77 million for the quarter, compared to analyst estimates of $661.10 million. Converge Technology Solutions had a negative net margin of 0.05% and a negative trailing twelve-month return on equity of 1.08%. How often does Converge Technology Solutions pay dividends? What is the dividend yield for Converge Technology Solutions? Converge Technology Solutions declared a quarterly dividend on Wednesday, May 8th. Investors of record on Thursday, May 23rd will be paid a dividend of 0.015 per share on Thursday, June 6th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date is Wednesday, May 22nd. This is a positive change from the stock's previous quarterly dividend of C$0.01. Read our dividend analysis for CTS. Is Converge Technology Solutions a good dividend stock? Converge Technology Solutions (TSE:CTS) pays an annual dividend of C$0.06 per share and currently has a dividend yield of 1.14%. Read our dividend analysis for CTS. How do I buy shares of Converge Technology Solutions? Shares of CTS stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.Compare Top Brokerages Here. This page (TSE:CTS) was last updated on 5/19/2024 by MarketBeat.com Staff From Our PartnersCEO of Biggest AI Chipmaker Just Dropped a Bombshell…Banyan Hill PublishingDems have chosen Biden replacement?Paradigm PressShocking $16T Elon Musk Crypto LeakCrypto 101 Media[URGENT] DO NOT Touch These AI Stocks!Weiss RatingsForget Bitcoin: This $8 Stock Is the Next Big ThingBehind the MarketsBuy this small stock before coming AI Tidal WaveChaikin AnalyticsExposed: 10 CENT Crypto to Explode May 20th?True Market Insiders41 banks launch ‘crypto dollar’Stansberry Research Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Converge Technology Solutions Corp. Please log in to your account or sign up in order to add this asset to your watchlist. 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