Looking For Jr Tech Stocks To Buy? Try Blackline (BLN) & Sangoma (STC)

Published on May 13, 2021 02:41 PM EDT

Looking For Jr Tech Stocks To Buy? Try Blackline (BLN) & Sangoma (STC) — Image source: Who is Danny,Shutterstock

Summary

The information technology sector outperformed most sectors in 2020 amid the pandemic.

This year too, as work-from-home operations and demand for online services persist amid rising COVID cases, this sector is likely to witness a boom

The Toronto Stock Exchange Venture (TSXV) has a few junior tech stocks that are available at lower prices.

The information technology sector outperformed most sectors in 2020 amid the pandemic. This year too, as work-from-home operations and demand for online services persist amid rising COVID cases, this sector is likely to witness a boom.

The Toronto Stock Exchange Venture (TSXV) has a few junior tech stocks, available at lower prices, that you might want to explore as an entry point for long-term investments. So, let’s explore the stocks of TSXV-listed Blackline Safety Corp (TSXV:BLN) and Sangoma Technologies Corporation (TSXV:STC).

Blackline Safety Corp (TSXV:BLN)

Blackline Safety Corp offers a range of products and services to protect people and property using advanced technology. At a time when people are staying indoors, chances are high that the company might witness a surge in demand for its products.

On Thursday (10AM EST), May 13, Blackline shares were trading at C$ 8.45 apiece, one per cent down from its previous close of C$ 8.55. The junior tech stock dipped by 3.5 per cent over the past week, and investors could use this price as an entry point.

Source: Pixabay

Over the past year, Blackline stock swelled by as much as 69 per cent. Its year-to-date (YTD) growth stands at 13 per cent.

Blackline posted a revenue of C$ 10.7 million, up 20 per cent year-over-year (YoY), in its first quarter of fiscal 2021.

Sangoma Technologies Corporation (TSXV:STC)

Sangoma Technologies Corporation provides services to companies for ensuring smooth remote work for their teams. With the work-from-home regime likely to continue for most enterprises this year, Sangoma could benefit from it.

The junior tech company's sales rose 10 per cent YoY to C$ 35.3 million in Q2 FY21. Sangoma posted net earnings of C$ 2.46 million in the second quarter of 2021, as against a net loss of C$ 1.33 million in Q2 FY20.

Sangoma's price-to-earnings (P/E) ratio is 37.5 and it offers an 8.4 per cent return on equity (ROE).

STC stock was trading at C$ 3.8 on Thursday (10AM EST), down from its 52-week high of C$ 5.5 (February 9, 2021).

The stock witnessed a staggering growth of 103 per cent over the last year. This year, it gained about nine per cent.

The above constitutes a preliminary view and any interest in stocks should be evaluated further from an investment point of view.

Raza Naqvi

Author

Raza Naqvi - Financial Journalist
1007 Posts
Raza comes from a hard-news background and is an experienced writer with a demonstrated history of working in reputed organizations like the United Nations, Indian Express, and Hindustan Times. Currently, he is exploring the financial world!...

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Incorporated (Kalkine Media), Business Number: 720744275BC0001 and is available for personal and non-commercial use only. The advice given by Kalkine Media through its Content is general information only and it does not take into account the user’s personal investment objectives, financial situation and specific needs. Users should make their own enquiries about any investment and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media is not registered as an investment adviser in Canada under either the provincial or territorial Securities Acts. Some of the Content on this website may be sponsored/non-sponsored, as applicable, however, on the date of publication of any such Content, none of the employees and/or associates of Kalkine Media hold positions in any of the stocks covered by Kalkine Media through its Content. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used in the Content are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used in the Content unless stated otherwise. The images/music that may be used in the Content are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated or was found to be necessary.