Converge Technology Solutions Corp. (T:CTS)
Business Focus: IT Services & Consulting (NEC)
Sunny as of April 01, 2024
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Insider Filings
Latest 10 SEDI filings for CTS within the last 6 months
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Company News
Apr 18, 2024 09:00 ET
Converge Technology Solutions Announces GenAI Focused Partnership with Forum Systems
TORONTO and GATINEAU, QC, April 18, 2024 /PRNewswire/ - Converge Technology Solutions Corp. ("Converge" or "the Company") (TSX: CTS) is pleased to announce it has entered into a strategic partnership with Forum Systems, a leader in LLM and API technologies, to leverage QuantumSim™, a Secure Multi-LLM Gateway.
Apr 11, 2024 09:00 ET
Converge Technology Solutions Named North America Winner of IBM Partner Plus Award in Digital Defense Category
TORONTO and GATINEAU, QC, April 11, 2024 /CNW/ - Converge Technology Solutions Corp. ("Converge" or "the Company") (TSX: CTS) today announced it is the Geography Winner of the 2024 IBM Partner Plus Award in the Digital Defense category for North America.
Valuation Ratios
Industry
Sector
Beta
1.93
--
--
Price to Sales - TTM
0.40
6.74
4.43
Price to Book - most recent quarter
1.85
2.12
2.52
Price to Cash Flow per share - TTM
9.49
11.58
10.38
Price to Free Cash Flow per share - TTM
5.02
20.00
24.81
Short Report
| Date | Number of Shares Shorted | Net Change |
|---|---|---|
| Mar 31, 2024 | 2,357,845 | -89,602 |
| Mar 15, 2024 | 2,447,447 | 54,163 |
| Feb 29, 2024 | 2,393,284 | -996,015 |
Business Summary
| Sector: Technology | Industry: IT Services & Consulting |
Converge Technology Solutions Corp. is a services-led, software-enabled, information technology (IT) and cloud solutions provider. Its global approach delivers advanced analytics, artificial intelligence (AI), application modernization, cloud platforms, cybersecurity, digital infrastructure, and digital workplace offerings to clients across various industries. It supports these solutions with advisory, implementation, and managed services across all IT vendors in the marketplace. Its segments include Converge Hybrid IT Solutions (Converge), and Portage Software-as-a-Solution (SaaS) Solutions. Converge is focused on delivering advanced analytics, application modernization, cloud, cybersecurity, digital infrastructure, digital workplace, and managed services offerings and provision of hardware and software products and solutions to clients across various industries and organizations. SaaS is focused on digital transactions between individuals, businesses, and government organizations.
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