Canadian Tech Stocks

VersaPay is regaining momentum, Haywood says

Following the company’s first quarter results, Haywood analyst Daniel Rosenberg has maintained his “Buy” rating on VersaPay (VersaPay Stock Quote, Chart TSX:VPY). On Wednesday, VPY reported its Q1, 2019 results. The company posted Adjusted EBITDA of negative $2.02-million on revenue of $1.95- ...

Sierra Wireless is a risky stock right now, this portfolio manager says

With its connected tech helping usher in the Internet of Things, chip maker Sierra Wireless (Sierra Wireless Stock Quote, Chart TSX:SW) is in the right place at the right time, says money manager Bruce Murray, but whether or not the company can deliver in the fast-evolving sector is still up for gr ...

Computer Modelling Group is a “Strong Buy”, says Industrial Alliance

Fourth quarter financials from Computer Modelling Group (Computer Modelling Group Stock Quote, Chart TSX:CMG) have gotten a positive review from analyst Elias Foscolos of Industrial Alliance Securities. The analyst’s take was delivered in a client update on Thursday which reiterated his “Strong ...

Tech Talk for Thursday May 23rd 2019

  Observation Strength in the U.S. Dollar Index and related ETN took its toll on commodity and commodity equity prices.   StockTwits released yesterday @EquityClock Painted Pony Petroleum $PONY.CA moved below $1.26 to a 10 year low extending an intermediate downtrend. Technical action by S&P ...

BlackBerry could have a lot of success in the automotive sector, this investor says

BlackBerry’s (BlackBerry Stock Quote, Chart TSX:BB) share price continues to slide as investors worry that the (relatively) lofty heights reached by the stock over a year ago are now nothing but a fond memory. But the downturn is a good reality check, says Teal Linde of Linde Equity Fund, since e ...

The Tucows selloff is overdone, says Echelon Wealth

The recent selloff in internet services company Tucows (Tucows Stock Quote, Chart TSX:TC) has been overdone, according to Echelon Wealth Partners analyst Gianluca Tucci, who in an update to clients on Tuesday upgraded his rating from “Hold” to “Buy” while maintaining his price target of C$1 ...

Blackline Safety’s deal pipeline is growing, PI says

Another large deal closed for Blackline Safety (Blackline Safety Stock Quote, Chart TSX:BLN) is part of an encouraging trend for the company, says PI Financial analyst David Kwan. This morning, BLN announced it had received a $1.1-million purchase order from Welsh Water, the sixth-largest company i ...

Enghouse Systems has plenty of runway left, this portfolio manager says

Enterprise software company Enghouse Systems (Enghouse Systems Stock Quote, Chart TSX:ENGH) has had an up-and-down start to 2019, with the stock now roughly flat for the year, but there’s still runway left for this growth by acquisition story, says Robert McWhirter of Selective Asset Management, ...

Shopify’s stock is way too expensive, this investor says

The hockey stick of a chart crafted by e-commerce company Shopify (Shopify Stock Quote, Chart TSX, NYSE:SHOP) over the last couple of years may be a sight to behold but it’s likely causing equal parts elation among shareholders and panic for investors who feel like they’ve missed the boat. For ...

Constellation Software is a “no brainer”, this fund manager says

Constellation Software (Constellation Software Stock Quote, Chart TSX:CSU) has had a banner year so far in 2019 but as the stock climbs above $1200 mark, could there be any more upside to CSU? Competition in the software space is heating up, says Barry Schwartz of Baskin Wealth Management, but it ...