Latest news with #CoveoSolutions
Business Insider
02-08-2025
- Business
- Business Insider
Coveo Solutions (CVO) Receives a Buy from Canaccord Genuity
Canaccord Genuity analyst Doug Taylor maintained a Buy rating on Coveo Solutions today and set a price target of C$13.00. The company's shares closed today at C$8.37. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Taylor covers the Technology sector, focusing on stocks such as Kraken Robotics Systems Inc, Computer Modelling, and Coveo Solutions. According to TipRanks, Taylor has an average return of 22.8% and a 57.14% success rate on recommended stocks. In addition to Canaccord Genuity, Coveo Solutions also received a Buy from BMO Capital's Thanos Moschopoulos in a report issued yesterday. However, today, TR | OpenAI – 4o reiterated a Hold rating on Coveo Solutions (TSX: CVO).
Associated Press
21-02-2025
- Business
- Associated Press
Croesus appoints Jean Lavigueur to its Board of Directors
MONTRÉAL, Feb. 21, 2025 /CNW/ - Croesus announced today the appointment of Jean Lavigueur as a new member of its Board of Directors. Mr. Lavigueur will join the current team and contribute his extensive experience in business and high technology to the company. Before joining the Board of Directors at Croesus, Jean Lavigueur served as the Chief Financial Officer of Coveo Solutions (TSX: CVO) for seventeen years, where he currently remains a senior advisor. Prior to his time at Coveo, he co-founded Taleo (NASD: TLEO) and acted as its Chief Financial Officer for seven years. Lavigueur was also the Chief Financial Officer at Baan SCS (NASD: BAANF) and Groupe Berclain, each for seven years. Additionally, he spent seven years as an auditor and tax specialist at Coopers & Lybrand. Throughout his career, Lavigueur has been involved with several boards of directors, including those of Cossette Communications (TSX: KOS), Opsens (TSX: OPS), Vention, and Petal Health. With a passion for business, Jean Lavigueur leverages his expertise and vision to support companies with ambitious growth plans. 'We are honoured to welcome Jean Lavigueur to our Board of Directors,' said Rémy Therrien, founder and executive chairman. 'His addition aligns perfectly with Croesus's growth strategy, which is focused on developing new products to provide our clients with increasingly effective solutions.' 'I am thrilled to join the Board of Directors at Croesus and contribute to the growth of this leading FinTech company,' said Lavigueur. 'I am excited to work with such an experienced and passionate team, and I look forward to collaborating with each member,' he added. 'We are delighted to welcome Jean to our Board of Directors,' said Vincent Fraser, President and CEO of Croesus. 'His extensive experience in business management and high technology will enhance our already experienced team. Croesus aims to solidify its status as a leader in wealth management technologies, and Jean's addition will greatly contribute to achieving this vision.' About Croesus Croesus provides innovative, high-performance, and secure wealth management solutions that include portfolio management systems, portfolio rebalancing tools, and application programming interfaces (APIs). These solutions empower wealth management professionals to improve their productivity, enhance their client relationships, make informed decisions, and maximize the management of their assets under management. Croesus's mission is to provide a superior experience to its clients, users, partners, and employees and to positively impact the community. With more than 200 employees in its Montréal, Toronto, and Geneva offices, Croesus has won several industry awards for being a high-quality solution provider and an outstanding employer.
Yahoo
19-02-2025
- Business
- Yahoo
3 Top Information Technology Sector Stocks for Canadian Investors in 2025
Written by Christopher Liew, CFA at The Motley Fool Canada Canadian tech stocks are off to a strong start this year. As of Valentine's Day 2025, the IT sector is outperforming the broader market year-to-date, 13%-plus versus 3.1%-plus. Furthermore, it has risen 15.1%-plus in the last 30 days, despite tariff concerns. Celestica (TSX:CLS), Canada's artificial intelligence king, is up 41.2%-plus thus far in 2025. However, if you find the AI stock expensive at $187.37 per share, small-cap stocks Coveo Solutions (TSX:CVO) and Telesat Corporation (TSX:TSAT) are viable alternatives. Celestica is a standout because of the AI market's growth potential. This $21.8 billion company focusing on high-demand connectivity and cloud solutions has established a solid position in the cloud computing and data centre infrastructure market. The strongest attractions to growth investors are its profitability and low debt level. CLS' overall return in three years is 1,126.2%-plus. In 2024, revenue and net earnings climbed 21% year-over-year to US$9.7 billion, while net earnings jumped 75% to US$428 million compared to 2023. 'We are pleased with the company's strong performance in the fourth quarter and solid finish to 2024,' said Rob Mionis, President and CEO of Celestica. Is the future for Celestica looking good? Mionis notes the robust current demand environment for data centre hardware. 'We believe the positive momentum we are experiencing will continue beyond this year and into 2026,' he added. Market analysts' average 12-month price target is $222.4 (a 19%-plus potential upside). Coveo Solutions is a screaming buy because of its growing business momentum and the increasing adoption of its Search & AI-Relevance platform among large enterprises. The $721 million company is establishing a commanding position in generative AI and commerce because of the composable AI search and generative experience platform. In Q3 fiscal 2025 (three months ended December 31, 2024), total revenue rose 8% to US$34 million, while net income was US$4 million compared to the US$6.2 million net loss in Q3 fiscal 2024. Its Chairman and CEO, Louis Têtu, believes 2025 is an inflection point as enterprises move from experimentation to adoption. 'Our third quarter is validation that we are tracking well on accelerating our revenue growth in the coming quarters,' Têtu added. CVO trades at $7.52 per share (up 17.9%-plus year-to-date). Telesat has been among the steadiest performers since 2024. At $30.53 per share, the year-to-trailing one-year price return is 126.2%-plus, while the year-to-date gain is 29.2%-plus. This $429 million global satellite operator boasts a Low Earth Orbit (LEO) network, its highly compelling growth catalyst. Besides LEO, Telesat has a Geostationary (GEO) satellite fleet that serves broadcast, corporate, government, and telecom customers globally. Telesat Teleports, which connects Earth and Space, provides advanced teleport services and access to the global satellite fleet. In Q3 2024, net income reached $67.8 million compared to the net loss of $3.5 million in Q3 2023. Dan Goldberg, President and CEO of Telesat, revealed that funding arrangements with the federal government and Quebec have been finalized. 'Telesat Lightspeed will revolutionize broadband connectivity for enterprise and government users,' he said. Celestica is the top draw in TSX's information technology sector. However, price-friendly Coveo Solutions and Telesat are the next-best choices for Canadian investors. The post 3 Top Information Technology Sector Stocks for Canadian Investors in 2025 appeared first on The Motley Fool Canada. Before you buy stock in Celestica Inc., consider this: The Motley Fool Stock Advisor Canada analyst team just identified what they believe are the Top Stocks for 2025 and Beyond for investors to buy now… and Celestica Inc. wasn't one of them. The Top Stocks that made the cut could potentially produce monster returns in the coming years. Consider MercadoLibre, which we first recommended on January 8, 2014 ... if you invested $1,000 in the 'eBay of Latin America' at the time of our recommendation, you'd have $18,750.10!* Stock Advisor Canada provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month – one from Canada and one from the U.S. The Stock Advisor Canada service has outperformed the return of S&P/TSX Composite Index by 35 percentage points since 2013*. See the Top Stocks * Returns as of 1/22/25 More reading 10 Stocks Every Canadian Should Own in 2024 [PREMIUM PICKS] It's Time to Buy: 1 Canadian Stock That Hasn't Been This Cheap in Years Where to Invest Your $7,000 TFSA Contribution 3 No-Brainer TSX Stocks to Buy With $300 5 Years From Now, You'll Probably Wish You Grabbed These Stocks Subscribe to Motley Fool Canada on YouTube Fool contributor Christopher Liew has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. 2025
Yahoo
12-02-2025
- Business
- Yahoo
Coveo Solutions Third Quarter 2025 Earnings: EPS Beats Expectations
Revenue: US$34.0m (up 6.9% from 3Q 2024). Net income: US$4.04m (up from US$6.15m loss in 3Q 2024). Profit margin: 12% (up from net loss in 3Q 2024). The move to profitability was primarily driven by lower expenses. EPS: US$0.04 (up from US$0.06 loss in 3Q 2024). All figures shown in the chart above are for the trailing 12 month (TTM) period Revenue was in line with analyst estimates. Earnings per share (EPS) exceeded analyst estimates. Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Software industry in Canada. Performance of the Canadian Software industry. The company's shares are up 22% from a week ago. Before you take the next step you should know about the 2 warning signs for Coveo Solutions (1 is a bit concerning!) that we have uncovered. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
