The Descartes Systems Group Inc. provides cloud-based logistics and supply chain management business process solutions that focuses on enhancing the productivity, performance, and security of logistics-intensive businesses worldwide. Its Logistics Technology platform offers a range of modular, cloud-based, and interoperable web and wireless logistics management applications, which unites a community of logistics-focused parties, allowing them to transact business. The company provides a suite of solutions that include routing, mobile and telematics; transportation management and e-commerce enablement; customs and regulatory compliance; trade data; global logistics network services; and broker and forwarder enterprise systems. It offers its customers to use its modular, software-as-a-service, and data solutions to route, schedule, track, and measure delivery resources; plan, allocate, and execute shipments; rate, audit, and pay transportation invoices; access and analyze global trade data; research and perform trade tariff and duty calculations; file customs and security documents for imports and exports; and various other logistics processes. The company also provides cloud-based ecommerce warehouse management solutions; consulting, implementation, and training services; and maintenance and support services. It primarily focuses on serving transportation providers, logistics service providers, and distribution-intensive companies, as well as manufacturers, retailers, distributors, and mobile business service providers. The company was incorporated in 1981 and is headquartered in Waterloo, Canada.
IPO Year:
Exchange: NASDAQ
Website: descartes.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
5/14/2024 | $90.00 | Neutral | Redburn Atlantic |
4/16/2024 | $96.50 → $101.00 | Neutral → Sector Outperform | CIBC |
1/10/2024 | $95.00 | Peer Perform → Outperform | Wolfe Research |
11/17/2022 | Outperform → Peer Perform | Wolfe Research | |
10/18/2022 | $72.00 → $60.00 | Equal Weight → Underweight | Barclays |
6/27/2022 | $89.00 → $71.00 | Sector Outperform → Neutral | CIBC |
3/3/2022 | $80.00 → $78.00 | Equal-Weight | Barclays |
12/2/2021 | $95.00 → $100.00 | Outperform | RBC Capital |
12/2/2021 | $89.00 → $90.00 | Equal-Weight | Barclays |
9/9/2021 | $74.00 → $96.00 | Overweight | Stephens & Co. |
WATERLOO, Ontario, June 13, 2024 (GLOBE NEWSWIRE) -- The Descartes Systems Group Inc. (the "Corporation") announced the voting results from its annual meeting of shareholders held on Thursday, June 13, 2024 (the "Meeting"). Meeting Results The following matters, as set out in more detail in its Management Information Circular dated May 1, 2024, were considered and voted on by shareholders at the Meeting: General The total number of common shares of the Corporation represented in person or by proxy at the Meeting was 75,081,077 which represented 87.93% of the 85,390,142 common shares of the Corporation that were outstanding as of the record date for the Meeting, being April 26, 2024. E
WATERLOO, Ontario, June 15, 2023 (GLOBE NEWSWIRE) -- The Descartes Systems Group Inc. announced the voting results from its annual meeting of shareholders held on Thursday, June 15, 2023 (the "Meeting"). Meeting Results The following matters, as set out in more detail in its Management Information Circular dated May 10, 2023, were considered and voted on by shareholders at the Meeting: General The total number of common shares of the Corporation represented in person or by proxy at the Meeting was 75,061,434 which represented 88.23% of the 85,078,029 common shares of the Corporation that were outstanding on May 2,
WATERLOO, Ontario, June 16, 2022 (GLOBE NEWSWIRE) -- Descartes Systems Group (NASDAQ:DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, announced the voting results from its annual meeting of shareholders held on Thursday, June 16, 2022 (the "Meeting") and the appointment of certain officers. Meeting ResultsThe following matters, as set out in more detail in its Management Information Circular dated April 29, 2022, were considered and voted on by shareholders at the Meeting: GeneralThe total number of common shares of the Corporation represented in person or by proxy at the Meeting was 75,953,873, which represented 89.59% of the 84,781,562 c
U Descartes Systems Group (TSX:DSG) (NASDAQ:DSGX), the global leader in uniting logistics-intensive businesses in commerce, announced that it has acquired BoxTop Technologies Limited ("BoxTop"), a leading provider of shipment management solutions for small- to mid-sized logistics services providers ("LSPs"). Based in the UK, BoxTop helps LSPs digitize their operations and connect to the wider logistics community to manage the lifecycle of shipments. LSPs use the BoxTop platform to manage the secure and efficient movement of goods from quoting through to routing, booking, and final delivery. BoxTop is an existing Descartes partner, leveraging the Descartes Global Logistics Network ("GLN") t
Scotiabank analyst Paul Steep maintains Descartes Systems Gr (NASDAQ:DSGX) with a Sector Outperform and raises the price target from $100 to $104.
Raymond James analyst Steven Li maintains Descartes Systems Gr (NASDAQ:DSGX) with a Market Perform and raises the price target from $94 to $96.
TD Securities analyst Daniel Chan maintains Descartes Systems Gr (NASDAQ:DSGX) with a Buy and raises the price target from $110 to $115.
CIBC analyst Stephanie Price maintains Descartes Systems Gr (NASDAQ:DSGX) with a Outperformer and raises the price target from $101 to $108.
Stephens & Co. analyst Justin Long maintains Descartes Systems Gr (NASDAQ:DSGX) with a Overweight and raises the price target from $107 to $110.
BMO Capital analyst Thanos Moschopoulos maintains Descartes Systems Gr (NASDAQ:DSGX) with a Market Perform and raises the price target from $94 to $100.
Descartes Systems Gr (NASDAQ:DSGX) reported quarterly earnings of $0.40 per share which beat the analyst consensus estimate of $0.39 by 2.56 percent. This is a 17.65 percent increase over earnings of $0.34 per share from the same period last year. The company reported quarterly sales of $151.30 million which missed the analyst consensus estimate of $151.43 million by 0.09 percent. This is a 10.75 percent increase over sales of $136.61 million the same period last year.
Barclays analyst Raimo Lenschow maintains Descartes Systems Gr (NASDAQ:DSGX) with a Underweight and raises the price target from $75 to $87.
Adds Carrier Onboarding and Risk Monitoring Solutions to the Global Logistics Network WATERLOO, Ontario and ATLANTA, Sept. 18, 2024 (GLOBE NEWSWIRE) -- Descartes Systems Group (TSX:DSG) (NASDAQ:DSGX), the global leader in uniting logistics-intensive businesses in commerce, announced that it has acquired Assure Assist, Inc., doing business as MyCarrierPortal ("MCP"), a leading provider of carrier onboarding and risk monitoring solutions for the trucking industry. Based in the US, MCP's solutions help freight brokers and shippers quickly set up carrier requirements through an onboarding platform that gathers information on carriers and screens them for suitability to deliver loads/shipment
Record Revenues and Income from Operations WATERLOO, Ontario and ATLANTA, Sept. 04, 2024 (GLOBE NEWSWIRE) -- The Descartes Systems Group Inc. (TSX:DSG) (NASDAQ:DSGX) announced its financial results for its fiscal 2025 second quarter (Q2FY25). All financial results referenced are in United States (US) currency and, unless otherwise indicated, are determined in accordance with US Generally Accepted Accounting Principles (GAAP). "Our Global Logistics Network is designed to help shippers, carriers and logistics services providers navigate an increasingly complex global trade landscape," said Edward J. Ryan, Descartes' CEO. "Supply chains and logistics operations continue to struggle to manag
SÃO PAULO and ATLANTA, Aug. 27, 2024 (GLOBE NEWSWIRE) -- Descartes Systems Group (NASDAQ:DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, announced that Solar Coca-Cola, the second largest manufacturer and distributor of Coca-Cola in Brazil, is using Descartes' route execution and fleet performance management solution to optimize the last mile delivery performance of 1,400+ drivers across 44 distribution centers and 13 production facilities serving an area that represents 70% of the country. "We've been on a journey to improve the company's logistics processes through automation," said Gabriel Montefusco, Logistics Data Analyst at Solar Coca-Cola
LIER, Belgium and ATLANTA, Aug. 13, 2024 (GLOBE NEWSWIRE) -- Descartes Systems Group (NASDAQ:DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, announced that Nynas AB, a world-leading manufacturer and supplier of specialty oil products and services, is using Descartes' cloud-based transportation management system (TMS) to automate communications throughout the customer order lifecycle. The solution is used to communicate with carriers, freight forwarders, customs agents, independent inspectors and its main storage hub to support the types of shipments they deliver across Europe. "We already rely on Descartes' customs filing solution to automate comp
WATERLOO, Ontario, Aug. 02, 2024 (GLOBE NEWSWIRE) -- Descartes Systems Group (TSX:DSG) (NASDAQ:DSGX), the global leader in uniting logistics-intensive businesses in commerce, is scheduled to report its second quarter fiscal 2025 financial results after market close on Wednesday, September 4, 2024. Members of Descartes' executive management team will host a conference call to discuss the company's financial results at 5:30 p.m. ET on Wednesday, September 4. Designated numbers are +1 289 514 5100 for North America and +1 800 717 1738 for international, using conference ID 26331. The company will simultaneously conduct an audio webcast on the Descartes website at www.descartes.com/descartes
LONDON and ATLANTA, July 23, 2024 (GLOBE NEWSWIRE) -- Descartes Systems Group (NASDAQ:DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, announced that British integrated property services company James Frew is using Descartes' customer engagement solution to improve social and private property access rates for its service technicians to complete customer appointments. Within the first year of deployment, James Frew completed over 4.1% more scheduled social housing service appointments and over 3% more private service appointments, equating to over 4.6% in cost savings by mitigating the need for repeat appointments. "At James Frew, we continuous
ATLANTA and LONDON, June 18, 2024 (GLOBE NEWSWIRE) -- Descartes Systems Group (NASDAQ:DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, announced that U.K.-based merchant Scott Parnell has improved customer experience, operational efficiency and delivery sustainability by using Descartes' electronic proof of delivery (ePOD) software to distribute supplies and materials to construction, rail and infrastructure sectors on a national scale. Implementing Descartes' ePOD has contributed to a significant reduction in paper usage and productivity gains equal to two full-time employees. "Providing our customers with reliable and efficient service has formed
WATERLOO, Ontario, June 13, 2024 (GLOBE NEWSWIRE) -- The Descartes Systems Group Inc. (the "Corporation") announced the voting results from its annual meeting of shareholders held on Thursday, June 13, 2024 (the "Meeting"). Meeting Results The following matters, as set out in more detail in its Management Information Circular dated May 1, 2024, were considered and voted on by shareholders at the Meeting: General The total number of common shares of the Corporation represented in person or by proxy at the Meeting was 75,081,077 which represented 87.93% of the 85,390,142 common shares of the Corporation that were outstanding as of the record date for the Meeting, being April 26, 2024. E
ATLANTA and AMERSFOORT, The Netherlands, June 11, 2024 (GLOBE NEWSWIRE) -- Descartes Systems Group (NASDAQ:DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, released the results of its 8th Annual Global Transportation Management Benchmark Survey of over 630 companies. The study shows that 40% of the shippers and logistics services providers (LSP) surveyed are planning to invest in transportation technology to prepare for industry and regulatory changes. For top financially performing companies where senior leadership view transportation as a competitive weapon, this number rose to 44% compared to 32% for poorer financial performers. In terms of area
Strengthens Shipment Management Capabilities for Logistics Services Providers WATERLOO, Ontario and ATLANTA, June 11, 2024 (GLOBE NEWSWIRE) -- Descartes Systems Group (TSX:DSG) (NASDAQ:DSGX), the global leader in uniting logistics-intensive businesses in commerce, announced that it has acquired BoxTop Technologies Limited ("BoxTop"), a leading provider of shipment management solutions for small- to mid-sized logistics services providers ("LSPs"). Based in the UK, BoxTop helps LSPs digitize their operations and connect to the wider logistics community to manage the lifecycle of shipments. LSPs use the BoxTop platform to manage the secure and efficient movement of goods from quoting throug
Adds Carrier Onboarding and Risk Monitoring Solutions to the Global Logistics Network WATERLOO, Ontario and ATLANTA, Sept. 18, 2024 (GLOBE NEWSWIRE) -- Descartes Systems Group (TSX:DSG) (NASDAQ:DSGX), the global leader in uniting logistics-intensive businesses in commerce, announced that it has acquired Assure Assist, Inc., doing business as MyCarrierPortal ("MCP"), a leading provider of carrier onboarding and risk monitoring solutions for the trucking industry. Based in the US, MCP's solutions help freight brokers and shippers quickly set up carrier requirements through an onboarding platform that gathers information on carriers and screens them for suitability to deliver loads/shipment
Record Revenues and Income from Operations WATERLOO, Ontario and ATLANTA, Sept. 04, 2024 (GLOBE NEWSWIRE) -- The Descartes Systems Group Inc. (TSX:DSG) (NASDAQ:DSGX) announced its financial results for its fiscal 2025 second quarter (Q2FY25). All financial results referenced are in United States (US) currency and, unless otherwise indicated, are determined in accordance with US Generally Accepted Accounting Principles (GAAP). "Our Global Logistics Network is designed to help shippers, carriers and logistics services providers navigate an increasingly complex global trade landscape," said Edward J. Ryan, Descartes' CEO. "Supply chains and logistics operations continue to struggle to manag
WATERLOO, Ontario, Aug. 02, 2024 (GLOBE NEWSWIRE) -- Descartes Systems Group (TSX:DSG) (NASDAQ:DSGX), the global leader in uniting logistics-intensive businesses in commerce, is scheduled to report its second quarter fiscal 2025 financial results after market close on Wednesday, September 4, 2024. Members of Descartes' executive management team will host a conference call to discuss the company's financial results at 5:30 p.m. ET on Wednesday, September 4. Designated numbers are +1 289 514 5100 for North America and +1 800 717 1738 for international, using conference ID 26331. The company will simultaneously conduct an audio webcast on the Descartes website at www.descartes.com/descartes
Strengthens Shipment Management Capabilities for Logistics Services Providers WATERLOO, Ontario and ATLANTA, June 11, 2024 (GLOBE NEWSWIRE) -- Descartes Systems Group (TSX:DSG) (NASDAQ:DSGX), the global leader in uniting logistics-intensive businesses in commerce, announced that it has acquired BoxTop Technologies Limited ("BoxTop"), a leading provider of shipment management solutions for small- to mid-sized logistics services providers ("LSPs"). Based in the UK, BoxTop helps LSPs digitize their operations and connect to the wider logistics community to manage the lifecycle of shipments. LSPs use the BoxTop platform to manage the secure and efficient movement of goods from quoting throug
Record Revenues and Income from Operations WATERLOO, Ontario and ATLANTA, May 29, 2024 (GLOBE NEWSWIRE) -- The Descartes Systems Group Inc. (TSX:DSG) (NASDAQ:DSGX) announced its financial results for its fiscal 2025 first quarter (Q1FY25). All financial results referenced are in United States (US) currency and, unless otherwise indicated, are determined in accordance with US Generally Accepted Accounting Principles (GAAP). "Global trade is complex and constantly evolving. Supply chains and logistics operations continue to be impacted by a myriad of factors, including military conflicts, disruptions to trade routes, government sanctions, and material changes to taxes and tariffs," said E
WATERLOO, Ontario, May 02, 2024 (GLOBE NEWSWIRE) -- Descartes Systems Group (TSX:DSG) (NASDAQ:DSGX), the global leader in uniting logistics-intensive businesses in commerce, is scheduled to report its first quarter fiscal 2025 financial results after market close on Wednesday, May 29, 2024. Members of Descartes' executive management team will host a conference call to discuss the company's financial results at 5:30 p.m. ET on Wednesday, May 29. Designated numbers are +1 289 514 5100 for North America and +1 800 717 1738 for international, using conference ID 99482. The company will simultaneously conduct an audio webcast on the Descartes website at www.descartes.com/descartes/investor-re
Strengthens Descartes' Customs and Regulatory Compliance Footprint WATERLOO, Ontario and ATLANTA, April 22, 2024 (GLOBE NEWSWIRE) -- Descartes Systems Group (TSX:DSG) (NASDAQ:DSGX), the global leader in uniting logistics-intensive businesses in commerce, announced that it has acquired Aerospace Software Developments ("ASD"), a leading provider of customs and regulatory compliance solutions. Based in Ireland, ASD provides customs declaration software solutions for logistics services providers ("LSPs") and shippers, as well as RFID solutions that help the air logistics community track assets. The company's customs filing solutions, operating under the brand Thyme-IT, help importers, export
Strengthens Descartes' Global Trade Intelligence Content Solutions WATERLOO, Ontario and ATLANTA, March 28, 2024 (GLOBE NEWSWIRE) -- Descartes Systems Group (TSX:DSG) (NASDAQ:DSGX), the global leader in uniting logistics-intensive businesses in commerce, announced that it has acquired OCR Services, Inc. ("OCR"), a leading provider of global trade compliance solutions and content. OCR specializes in solutions and content for export compliance and controlled commodities, helping customers streamline and automate processes around denied party screening, license procurement / management, and product classification. Their core platform, GlobalEASE, is used by blue-chip, multinational organiza
Record Revenues and Income from Operations WATERLOO, Ontario and ATLANTA, March 06, 2024 (GLOBE NEWSWIRE) -- The Descartes Systems Group Inc. (TSX:DSG) (NASDAQ:DSGX) announced its financial results for its fiscal 2024 fourth quarter (Q4FY24) and year (FY24) ended January 31, 2024. All financial results referenced are in United States (US) currency and, unless otherwise indicated, are determined in accordance with US Generally Accepted Accounting Principles (GAAP). "Global trade continues to be impacted by military conflicts, disruptions to major shipping routes and a growing list of sanctions from various governments around the world," said Edward J. Ryan, Descartes' CEO. "Our Global Log
WATERLOO, Ontario and ATLANTA, Feb. 05, 2024 (GLOBE NEWSWIRE) -- Descartes Systems Group (TSX:DSG) (NASDAQ:DSGX), the global leader in uniting logistics-intensive businesses in commerce, is scheduled to report its fiscal 2024 fourth-quarter and year-end financial results after market close on Wednesday, March 6, 2024. Descartes' executive management team will hold a conference call to discuss the company's financial results at 5:30 p.m. ET on Wednesday, March 6. Designated numbers are +1 416 764 8658 or +1 888 886 7786 for North America Toll-Free, using Passcode 26517286#. The company will simultaneously conduct an audio webcast on the Descartes website at www.descartes.com/descartes/inv
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Redburn Atlantic initiated coverage of Descartes with a rating of Neutral and set a new price target of $90.00
CIBC upgraded Descartes from Neutral to Sector Outperform and set a new price target of $101.00 from $96.50 previously
Wolfe Research upgraded Descartes from Peer Perform to Outperform and set a new price target of $95.00
Wolfe Research downgraded Descartes from Outperform to Peer Perform
Barclays downgraded Descartes from Equal Weight to Underweight and set a new price target of $60.00 from $72.00 previously
CIBC downgraded Descartes from Sector Outperform to Neutral and set a new price target of $71.00 from $89.00 previously
Barclays reiterated coverage of Descartes Systems Gr with a rating of Equal-Weight and set a new price target of $78.00 from $80.00 previously
RBC Capital reiterated coverage of Descartes Systems Gr with a rating of Outperform and set a new price target of $100.00 from $95.00 previously
Barclays reiterated coverage of Descartes Systems Gr with a rating of Equal-Weight and set a new price target of $90.00 from $89.00 previously
Stephens & Co. reiterated coverage of Descartes Systems Gr with a rating of Overweight and set a new price target of $96.00 from $74.00 previously