7 Canadian Technology Stocks with Decent Profitability Margins: Investment Idea of the Day

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Today, we have shortlisted seven technology stocks of Canada that are expected to report decent operating profit and net profit margins for the current quarter. During past one month half of the stocks have registered price gains with daily average trading volumes in excess of 100,000.

Company Name

Ticker

Exchange

Market Cap
(C$MN)

Last Price

Average Volume
(1 Month)

Price Change (1-Month)

Operating Margin for Current Quarter(E)

Net Profit Margin for Current Quarter(E)

Computer Modelling Group Ltd

CMG

TSX

865.1

11.00

178,283

-7.3%

45.4%

37.1%

Sandvine Corp

SVC

TSX

473.6

3.18

795,164

-0.9%

18.8%

16.0%

QHR Corp

QHR

TSXV

71.2

1.43

184,710

14.4%

9.7%

2.7%

Absolute Software Corp

ABT

TSX

379.0

8.62

127,600

6.3%

8.6%

4.9%

Sierra Wireless Inc

SW

TSX

1,498.2

47.07

323,499

-14.4%

6.3%

5.6%

Redknee Solutions Inc

RKN

TSX

355.0

3.26

326,941

-9.4%

5.7%

4.0%

Espial Group Inc

ESP

TSX

59.6

2.50

366,123

55.3%

3.9%

3.8%

Source: Bloomberg

Company Description

Computer Modelling Group Ltd (TSX: CMG)
Computer Modelling Group Ltd. is an international computer software technology and consulting firm involved in the development and licensing of oil and gas reservoir simulation software. The company’s software assists petroleum company clients worldwide to extract significantly increased amounts of oil and gas from their reservoirs.

Sandvine Corp (TSX: SVC)
Sandvine Corporation develops and markets broadband network management tools for broadband Internet services providers.

QHR Corp (TSXV: QHR)
QHR Corporation offers healthcare electronic medical record (EMR), billing and scheduling software and data hosting solutions. The Company provides its solutions to primary care workers, specialists and allied health professionals. QHR also offers medical claims, reconciliation, billing and clearinghouse services.

Absolute Software Corp (TSX: ABT)
Absolute Software Corporation has developed and markets a software-based monitoring, tracking, theft deterrence and theft recovery service. The company’s CompuTrace Theft Recovery locates and recovers lost and stolen personal computers. Absolute’s customers include large and medium sized companies and several United States and Canadian government agencies.

Sierra Wireless Inc (TSX: SW)
Sierra Wireless Inc. is a wireless data communications equipment company. The Company delivers a variety of products including PC cards for portable computers, ruggedized vehicle-mounted modems, original equipment manufacturer modules for embedded applications, telemetry modems, and software tools and utilities.

Redknee Solutions Inc (TSX: RKN)
Redknee Solutions Inc. provides infrastructure software solutions for mobile networks.

Espial Group Inc (TSX: ESP)
Espial Group, Inc. develops and markets Internet Protocol Television software. The company’s software helps communications services providers to offer their subscribers digital television with an electronic program guide, high-definition television, video-on-demand, an interactive content portal, Web TV, pay-per-view, digital video recorder, and other applications.

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