TeraGo Inc. Gets a Buy Rating from Desjardins

By Austin Angelo

TeraGo Inc. (TSX: TGO), the Technology company, was revisited by a Wall Street analyst on August 10. The company received a Buy on August 10 from Desjardins’ analyst Maher Yaghi, with a C$5.50 price target.

According to TipRanks.com, Yaghi is a 4-star analyst with an average return of 8.5% and a 76.9% success rate. Yaghi covers the Technology sector, focusing on stocks such as Rogers Communication, CGI Group, and BCE Inc.

TeraGo Inc. has an analyst consensus of Moderate Buy, with a price target consensus of C$5.75.

Based on TeraGo Inc.’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of C$14.28 million and GAAP net loss of C$1.06 million. In comparison, last year the company earned revenue of C$14.78 million and had a GAAP net loss of C$395K.

TeraGo, Inc. provides data and voice communications services, data center colocation and hosting services through its data centers as well as cloud infrastructure as a service computing and storage solutions. It owns and operates a carrier-grade, multi-protocol label switching enabled fixed wireless, IP communications network in Canada that require internet access and data connectivity services. The company also offers network services, data services, voice services and cloud services. TeraGo was founded on December 21, 2000 and is headquartered in Thornhill, Canada.

The company’s shares closed on Friday at C$4.70.