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Evertz Technologies ( (TSE:ET) ) has issued an update.
Evertz Technologies Limited reported its fiscal 2025 results, achieving over half a billion dollars in annual revenue, totaling $501.6 million. The company saw an 18% increase in reoccurring software and services revenue, which now represents 44% of total revenue. Despite a decrease in international sales, the company experienced growth in the Canada/US region, contributing to a net earnings of $59.7 million. The results indicate a strong performance in the North American market, although overall earnings per share decreased compared to the previous year.
The most recent analyst rating on (TSE:ET) stock is a Buy with a C$16.00 price target. To see the full list of analyst forecasts on Evertz Technologies stock, see the TSE:ET Stock Forecast page.
Spark’s Take on TSE:ET Stock
According to Spark, TipRanks’ AI Analyst, TSE:ET is a Outperform.
Evertz Technologies’ strong financial performance, characterized by low debt and robust cash flows, underpins the stock’s appeal. Positive earnings call sentiment and strong sales growth in key markets bolster confidence. However, the stock faces challenges such as declining international revenue and technical indicators showing potential resistance. The reasonable valuation and attractive dividend yield provide further support.
To see Spark’s full report on TSE:ET stock, click here.
More about Evertz Technologies
Evertz Technologies Limited is a leader in Software Defined Video Network (SDVN) technology, focusing on providing innovative solutions in the video networking industry. The company offers a range of products and services, including hardware and reoccurring software, with a significant market presence in the United States and Canada.
Average Trading Volume: 23,389
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$925.2M
See more insights into ET stock on TipRanks’ Stock Analysis page.