CONVERGE INFORMATION AND COMMUNICATIONS TECHNOLOGY SOLUTIONS, INC.

Converge Information and Communications Technology Solutions, Inc.

Equities

CNVRG

PHY1757W1054

Integrated Telecommunications Services

End-of-day quote Philippines S.E. Other stock markets 06:00:00 2024-04-25 pm EDT			5-day change	1st Jan Change
9.04 ^PHP	+0.67%		+5.61%	+7.88%

Mar. 18	Converge Information and Communications Technology Solutions, Inc. Provides Consolidated Earnings Guidance for the Year 2024	CI
Mar. 18	Converge Information and Communications Technology Solutions, Inc. Reports Earnings Results for the Full Year Ended December 31, 2023	CI

Converge Information and Communications Technology Solutions, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2023

May 10, 2023 at 08:19 pm EDT

Converge Information and Communications Technology Solutions, Inc. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was PHP 8,642 million compared to PHP 7,748 million a year ago. Net income was PHP 2,172 million compared to PHP 1,970 million a year ago.

Latest news about Converge Information and Communications Technology Solutions, Inc.

Converge Information and Communications Technology Solutions, Inc. Provides Consolidated Earnings Guidance for the Year 2024	Mar. 17	CI
Converge Information and Communications Technology Solutions, Inc. Reports Earnings Results for the Full Year Ended December 31, 2023	Mar. 17	CI
Converge Information and Communications Technology Solutions, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2023	Mar. 17	CI
Converge Information and Communications Technology Solutions, Inc. Announces Management Changes	Feb. 01	CI
Converge ICT Solutions, DITO CME Ink Cable-Sharing Deal	Jan. 12	MT
Converge ICT Solutions Inc. and DITO Tele Community Corp. Sign Master Facilities Provisioning Agreement	Jan. 11	CI
Converge Information and Communications Technology Solutions, Inc. Announces Resignation of Ulysses C. Naguit as Executive Vice President and Chief Information Officer, Effective on December 31, 2023	Nov. 28	CI
Converge Information and Communications Technology Solutions, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	Nov. 09	CI
Converge Information and Communications Technology Solutions, Inc. Announces Resignation of Ronald G. Brusola as Chief Technology Officer	23-10-10	CI
Converge ICT's Residential Subscribers Cross 2 Million Mark	23-10-03	MT
Converge Information and Communications' Profit, Revenue Rise in H1	23-08-11	MT
Converge Information and Communications Technology Solutions, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023	23-08-09	CI
Converge Information and Communications Technology Solutions, Inc. Sets Expansion for Boom in Data Centers	23-08-07	CI
Converge Information and Communications Technology Solutions, Inc. Appoints Maria Grace C. De Jesus as Assistant Corporate Secretary	23-05-26	CI
Converge Information and Communications Technology Solutions, Inc. Announces Directorate Appointments	23-05-26	CI
Converge Information and Communications Technology Solutions, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2023	23-05-10	CI
Converge ICT Solutions' Profit Rises 4% in 2022	23-03-17	MT
Converge Information and Communications Technology Solutions, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2022	23-03-15	CI
Converge ICT Solutions Inc. and KT Corporation Agrees to Pursue Potential Strategic Partnership to Support Digital Transformation of Philippine Enterprises	23-02-27	CI
Converge ICT Solutions Hits 2022 Target of 2 Million Fiber Port Rollout	23-01-25	MT
Converge ICT Solutions' Secures Nod to Provide International Connectivity in Singapore	23-01-04	MT
Converge ICT Solutions Posts 17% Rise to Net Income For First Nine Months	22-11-11	MT
Converge Information and Communications Technology Solutions, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022	22-11-10	CI
UBS Adjusts Converge ICT Solutions' Price Target to 24.50 Philippine Pesos From 26.50 Pesos, Keeps at Buy	22-09-29	MT
Converge Information and Communications Technology Solutions, Inc. announces an Equity Buyback for PHP 1,500 million worth of its shares.	22-09-22	CI

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Company Profile

Converge Information and Communications Technology Solutions, Inc. is a Philippines-based high-speed fixed broadband operator. The Company operates two businesses: residential and enterprise. The Company's residential business primarily offers high-speed fixed broadband postpaid and prepaid Internet services to its residential customers. Its enterprise business offers high-speed fixed broadband Internet services, private data network solutions, cloud and colocation services and other connectivity solutions to its enterprise customers of varying sizes, industries and types. The Company's residential business products and services include Fiber X, Fiber X Time of Day, The Game Changer, XCLSV, HomeBase, Condo Life with FiberX and Add-on. Its enterprise business products and services include flexiBIZ, Switch, Workplace SweldoMo, Workplace Hotel Management Software, Workplace Device Solutions, Carrier Ethernet, Converge Connect, Colocation, DC Express and Dedicated Internet Access.

Sector

Integrated Telecommunications Services

Calendar

2024-05-12 - Q1 2024 Earnings Release (Projected)

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Ratings for Converge Information and Communications Technology Solutions, Inc.

Trading Rating

Investor Rating

ESG Refinitiv

C+

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

9.04 PHP

Average target price

13.92 PHP

Spread / Average Target

+54.04%

Consensus

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Quarterly earnings - Rate of surprise

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