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BlackBerry Goes Private: 3 Other Tech Stocks To Consider

Chris Lau, Kapitall: BlackBerry goes private, after confusing the market and smartphone users alike.

BlackBerry (BBRY) shocked the market last week by issuing an earnings warning, announcing staff cuts, and reporting a nearly billion dollar quarterly loss. The company had seemed to be positioning itself as a takeover target.

And then on Monday, Fairfax Financial Holdings moved in. On Monday, the Fairfax consortium initiated a move to take BlackBerry private. Fairfax offered $4.7 billion to buy the company. Excluding the $2.6 billion in cash held by the company, this values the BlackBerry enterprise at just $2 billion.

Recent BlackBerry price

Click on the interactive charts below to see data over time. 

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With the Canadian tech icon departing the scene, what other technology stocks can investors consider from our neighbor to the north?

CAE Inc. (CAE)

CAE makes flight simulation equipment and is best known for building solutions for the flight industry. Valued at a forward P/E of 15, CAE earned $0.18 per share last quarter on revenue of $530.4 million. CAE has a healthy backlog, which could support future operating income. The company’s backlog was $3.7 billion in its fiscal first quarter, up from $3.5 billion a year earlier.

CAE is growing sales in its healthcare division, and the company is establishing a training center for a hospital group in Brazil.

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Mitel Networks (MITL)

Mitel shares are up sharply, nearly double from the start of 2013. The company is generating healthy gross margins and sales. Gross margin was 56.6% in its fiscal first quarter, but the company expects the current quarter (ending October 31, 2013) to be between 57% to 58%. 

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Descartes Systems Group (DSGX)

Descartes is range-bound, since breaking out above $10 earlier this year. The software provider to logistics-intensive businesses continues to report stronger sales. Last quarter, Descartes generated revenue of $38.2 million, up 25% from the previous year. Gross margin for the year-to-date was 67%. And the company continues to grow its software as a service strategy effectively.

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