Transitional periods can be tough, especially when they involve a whole whack of downsizing, but for Toronto-based Redknee Solutions Inc. (TSX:RKN), coming out of restructuring slimmer and more streamlined will make a world of difference, say analyst Robert Young and associate Christian Sgro with Canaccord Genuity, who have raised their target price on Redknee from $0.90 to $1.10.
This past week, Redknee, which produces subscriber management software for the telecommunications industry, released its Q1/F18 results, which featured a higher-than-expected revenue of $34.4 million as compared to the consensus estimate of $29.7 million. Those numbers are down 7.6 per cent year-on-year, but a return to profitability is on the hori…
Read the full article at: https://www.cantechletter.com/2018/02/redknee-is-poised-to-rebound-after-restructuring-says-canaccord-genuity/