Business · Markets · 5 hrs ago

Screen highlights Canadian technology stocks with growth and value

Screen highlights Canadian technology stocks with growth and value

A screen of Toronto-listed technology companies looked for improving earnings, financial strength and attractive valuations.

Canadian technology stocks have recently led the country's equity market, with investor interest in artificial intelligence, software and technology infrastructure supporting the sector.

Celestica topped the screen, with earnings per share up 74.8 per cent in its latest reported quarter, although its shares fell 16.2 per cent over four weeks and its valuation score was low.

Open Text had the highest overall rating, trading at 10.3 times trailing earnings after a 31.5 per cent fall over the past year and a 15.4 per cent rebound over four weeks.

Shopify led recent share-price performance, gaining 22.2 per cent.

The screen included companies worth at least $500-million and compared their earnings growth, valuations and share-price trends; it does not say what investors should buy next.

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