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Converge Technology Solutions Corp. - CTSDF STOCK NEWS

Welcome to our dedicated news page for Converge Technology Solutions (Ticker: CTSDF), a resource for investors and traders seeking the latest updates and insights on Converge Technology Solutions.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Converge Technology Solutions's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Converge Technology Solutions's position in the market.

Rhea-AI Summary
Converge Technology Solutions Corp. (TSX: CTS) is hosting the 'Coffee and Converge' event on January 30th, 2024, in Toronto. The event will focus on the Application Modernization practice, featuring the Company's services and solutions. Converge is a leading provider of Application Modernization services across North America, with a strong ecosystem of strategic partners.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.99%
Tags
none
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Rhea-AI Summary
Converge Technology Solutions Corp. (CTS) is pleased to announce that Stone Group and REDNET have achieved IBM Platinum Status, allowing the Company to better deliver IBM services and solutions across North America, Germany, and the UK. This significant milestone is a testament to the commitment of Stone Group and REDNET to delivering transformative services and solutions to clients.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.3%
Tags
none
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Rhea-AI Summary
Converge Technology Solutions Corp. (CTS) appoints Wendy Bahr, a former Cisco and Rubrik executive, to its Board of Directors. Wendy brings extensive global sales experience and will contribute to Converge's growth and services-led practices.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.66%
Tags
management
Rhea-AI Summary
Converge Technology Solutions Corp. (CTS) renews Cisco Master Collaboration Specialization in the US and wins Cisco's Americas Central Area Customer Experience Partner of the Year for 2023. The company's demonstrated expertise and commitment to customers have been recognized with these prestigious awards, highlighting its significant investments in providing sophisticated, value-added Cisco solutions and integrated networking solutions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.45%
Tags
none
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Rhea-AI Summary
Converge Technology Solutions Corp. (CTS) is pleased to announce that Stone Group, A Converge Company, has achieved Titanium partner status with Dell Technologies. This top-tier status within the Dell Partner Program was earned through meeting high revenue thresholds and training requirements, showcasing an elevated level of competency in Dell's products. As a Titanium Partner, Stone Group is certified in various solution competencies, enhancing their ability to serve Dell customers across the globe.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.33%
Tags
none
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Rhea-AI Summary
Converge Technology Solutions Corp. (TSX: CTS) (FSE: 0ZB) (OTCQX: CTSDF) achieved a record gross sales of $1.037 billion in Q3 2023, marking a 42% increase from the prior year. The company also experienced a 38% increase in revenue, reaching $710.1 million. Adjusted EBITDA increased by 33% to $41.3 million, while net income decreased to ($3.3) million from $18.2 million in Q3 2022. Converge's product bookings backlog at the end of Q3 2023 was $479 million, indicating strong demand for its services and solutions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
13.13%
Tags
Rhea-AI Summary
Converge Technology Solutions Corp. has been named a 2023 Triple Crown Award winner by CRN for the second year in a row. The award recognizes top solution providers in North America based on revenue, growth, and technical expertise within the IT channel.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.86%
Tags
none
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Rhea-AI Summary
Converge Technology Solutions Corp. will hold a conference call to discuss its third quarter fiscal 2023 results on November 14th, 2023 at 8:00am EST.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.63%
Tags
conferences earnings
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Rhea-AI Summary
Converge Technology Solutions Corp. expects stronger financial performance in Q3-2023 due to robust demand and improved operational efficiencies.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
18.58%
Tags
none
Rhea-AI Summary
Converge Technology Solutions Corp. announces the next event in its 'Coffee and Converge' series, focusing on its next-generation managed services offerings and creating business value for clients.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.29%
Tags
none
Converge Technology Solutions Corp.

OTC:CTSDF

CTSDF Rankings

CTSDF Stock Data

788.22M
191.64M
5.83%
36.33%
Data Processing, Hosting, and Related Services
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Canada
Toronto