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 |
|---|---|---|---|
| 12/17/2024 | $140.00 | Buy | Loop Capital |
| 11/15/2024 | $88.00 → $125.00 | Underweight → Equal Weight | Barclays |
| 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 |
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6-K - DESCARTES SYSTEMS GROUP INC (0001050140) (Filer)
6-K - DESCARTES SYSTEMS GROUP INC (0001050140) (Filer)
6-K - DESCARTES SYSTEMS GROUP INC (0001050140) (Filer)
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6-K - DESCARTES SYSTEMS GROUP INC (0001050140) (Filer)
OTTAWA, Ontario, April 24, 2025 (GLOBE NEWSWIRE) -- Calian® Group Ltd. (TSX:CGY), a trusted provider of mission-critical solutions for defence, space and healthcare, today announced the appointment of Eric Demirian to its Board of Directors. Since 2003, Demirian has served as President of Parklea Capital Inc., a boutique financial and strategy advisory firm, and of Demicap Inc., a private investment firm. He was previously Executive Vice President at Group Telecom Inc. (2000–2003) and a partner at PricewaterhouseCoopers LLP (1983–2000), where he led the Information and Communications Practice. Demirian holds a Bachelor of Business Management from Toronto Metropolitan University and is a C
MUNICH, Germany and ATLANTA, April 10, 2025 (GLOBE NEWSWIRE) -- Descartes Systems Group (NASDAQ:DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, announced that the Descartes Air Messaging™ solution has streamlined the transmission of air shipment data according to the International Air Transport Association's (IATA) ONE Record messaging standard. IATA's ONE Record initiative aims to help airlines, their partners and service providers digitize air cargo messaging services by January 1, 2026, replacing the traditional exchange of documents using Cargo-IMP and Cargo XML standards. "Lufthansa Cargo is committed to digitization initiatives and projects
ATLANTA, April 03, 2025 (GLOBE NEWSWIRE) -- Descartes Systems Group (NASDAQ:DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, announced that Texas-based Lane One Transport, a leader in freight brokerage, is automating inbound carrier communication and qualification using Parade CoDriver, a recently enhanced artificial intelligence (AI)-powered carrier engagement solution, integrated with the Descartes Aljex™ transportation management system (TMS) and Descartes MyCarrierPortal™ carrier onboarding system. The combined solution helps Lane One accelerate load coverage, gain smarter pricing insights and mitigate the risk of carrier fraud. "With Par
ATLANTA, March 31, 2025 (GLOBE NEWSWIRE) -- Descartes Systems Group (NASDAQ:DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, announced that international freight forwarder Skypace is using the Descartes Global Price Management™ (GPM) solution to populate its self-service quote-to-book platform with accurate shipping rates and provide a digital-first experience for its growing customer base. "As the momentum for digitization accelerates, customer demand for on-demand rating and booking continues to grow," said Vlad Nikalayeu, Chief Executive Officer at Skypace. "By integrating Descartes GPM into our pricing ecosystem, we've cut rate processing time
Strengthens Transportation Management Capabilities for Shippers and Logistics Services Providers WATERLOO, Ontario and ATLANTA, March 25, 2025 (GLOBE NEWSWIRE) -- Descartes Systems Group (TSX:DSG) (NASDAQ:DSGX), the global leader in uniting logistics-intensive businesses in commerce, announced that it has acquired 3GTMS (3G), a leading provider of transportation management solutions. Based in the US, 3G's transportation management solutions combine modern cloud architecture, an expansive carrier network, and planning-driven automation to help customers improve costs, customer satisfaction, and efficiency. Shippers, third-party logistics providers and freight brokers lever
ATLANTA and LONDON, March 17, 2025 (GLOBE NEWSWIRE) -- Descartes Systems Group (NASDAQ:DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, released findings from its study Top Three Traits of Companies with a Successful Approach to Trade Compliance. The study showed that 39% of fast-growing companies (those expecting greater than 15% growth over the next two years) consider trade compliance to be a competitive advantage and not only a regulatory requirement, compared to 22% of slower-growing companies (those with less than 5% growth expectations). Furthermore, 57% of companies surveyed believe technology is also very or extremely important for competi
Record Income from Operations WATERLOO, Ontario and ATLANTA, March 05, 2025 (GLOBE NEWSWIRE) -- The Descartes Systems Group Inc. (TSX:DSG) (NASDAQ:DSGX) announced its financial results for its fiscal 2025 fourth quarter (Q4FY25) and year (FY25) ended January 31, 2025. 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). "Fiscal 2025 was another year of growth for Descartes, highlighted by the addition of numerous complementary services to the Global Logistics Network," said Edward J. Ryan, Descartes' CEO. "We believe these investments can help ship
ATLANTA, Feb. 25, 2025 (GLOBE NEWSWIRE) -- Descartes Systems Group (NASDAQ:DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, announced that Defense Trade Solutions (DTS), a leading provider of export compliance and global trade services for the defense industry, is using the Descartes GlobalEASE solution to streamline and automate export compliance requirements for its clients. This furthers DTS' mission to simplify and enable access to responsible and effective trade across the defense industry. DTS is using Descartes GlobalEASE with its managed services clients, helping them to realize reduced compliance costs and greater confidence in meeting glob
ATLANTA, Georgia and AMERSFOORT, The Netherlands, Feb. 18, 2025 (GLOBE NEWSWIRE) -- Descartes Systems Group (NASDAQ:DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, announced that Illinois-based freight forwarder American Lamprecht is providing its customers with real-time visibility into the location and status of their air and ocean shipments using Descartes' shipment tracking capabilities, which are integrated with Descartes' cloud-based forwarder enterprise billing and accounting solution. "Today's customers expect to view the status of their shipments on-demand across all modes of transport," said Patrick Imhof, CEO at American Lamprecht. "Wit
ATLANTA, Feb. 06, 2025 (GLOBE NEWSWIRE) -- Descartes Systems Group (NASDAQ:DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, is scheduled to showcase numerous technology innovations to its global trade intelligence software suite at Descartes' Innovation Forum event, which takes place in Washington, DC from February 11-12, 2025. Innovations to Descartes' solution suite help companies in diverse industries manage the cross-border trade of merchandise, commodities and services more securely and efficiently in the face of expanding compliance requirements, geopolitical volatility, and evolving tariffs and trade barriers. "The current environment of e
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SC 13G/A - DESCARTES SYSTEMS GROUP INC (0001050140) (Subject)
SC 13G/A - DESCARTES SYSTEMS GROUP INC (0001050140) (Subject)
SC 13G/A - DESCARTES SYSTEMS GROUP INC (0001050140) (Subject)
SC 13G - DESCARTES SYSTEMS GROUP INC (0001050140) (Subject)
SC 13G - DESCARTES SYSTEMS GROUP INC (0001050140) (Subject)
SC 13G/A - DESCARTES SYSTEMS GROUP INC (0001050140) (Subject)
SC 13G/A - DESCARTES SYSTEMS GROUP INC (0001050140) (Subject)
SC 13G - DESCARTES SYSTEMS GROUP INC (0001050140) (Subject)
Strengthens Transportation Management Capabilities for Shippers and Logistics Services Providers WATERLOO, Ontario and ATLANTA, March 25, 2025 (GLOBE NEWSWIRE) -- Descartes Systems Group (TSX:DSG) (NASDAQ:DSGX), the global leader in uniting logistics-intensive businesses in commerce, announced that it has acquired 3GTMS (3G), a leading provider of transportation management solutions. Based in the US, 3G's transportation management solutions combine modern cloud architecture, an expansive carrier network, and planning-driven automation to help customers improve costs, customer satisfaction, and efficiency. Shippers, third-party logistics providers and freight brokers lever
Record Income from Operations WATERLOO, Ontario and ATLANTA, March 05, 2025 (GLOBE NEWSWIRE) -- The Descartes Systems Group Inc. (TSX:DSG) (NASDAQ:DSGX) announced its financial results for its fiscal 2025 fourth quarter (Q4FY25) and year (FY25) ended January 31, 2025. 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). "Fiscal 2025 was another year of growth for Descartes, highlighted by the addition of numerous complementary services to the Global Logistics Network," said Edward J. Ryan, Descartes' CEO. "We believe these investments can help ship
WATERLOO, Ontario and ATLANTA, Feb. 04, 2025 (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 5, 2025. Descartes' executive management team will hold a conference call to discuss the company's financial results at 5:30 PM ET on Wednesday, March 5. Designated numbers are +1 289 514 5100 or +1 800 717 1738 for North America Toll-Free, using Passcode 45440#. The company will simultaneously conduct an audio webcast on the Descartes website at www.descartes.com/descartes/investor
Record Revenues as Global Logistics Network Expands WATERLOO, Ontario and ATLANTA, Dec. 03, 2024 (GLOBE NEWSWIRE) -- The Descartes Systems Group Inc. (TSX:DSG) (NASDAQ:DSGX) announced its financial results for its fiscal 2025 third quarter (Q3FY25). 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 business has grown organically while we've added complementary solutions to our Global Logistics Network by way of acquisition," said Edward J. Ryan, Descartes' CEO. "We listen to our customers about where best to invest to help them meet the man
WATERLOO, Ontario, Nov. 04, 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 third quarter fiscal 2025 financial results after market close on Tuesday, December 3, 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 Tuesday, December 3, 2024. Designated numbers are +1 289 514 5100 and +1 800 717 1738 for Toll-Free in North America, using conference ID 07584. The company will simultaneously conduct an audio webcast on the Descartes website at www.descartes.com/descart
Adds Inventory Management and Order Management Capabilities to Descartes' Ecommerce Suite WATERLOO, Ontario and ATLANTA, Oct. 14, 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 Sellercloud, a leading provider of omnichannel ecommerce solutions. Based in the US, Sellercloud supports small and mid-market retailers, distributors, wholesalers, and manufacturers with multi-channel ecommerce operations. Sellercloud's Inventory Management Solutions and Order Management Solutions (IMS/OMS) help customers synchronize, plan and manage inventory levels across multiple s
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
OTTAWA, Ontario, April 24, 2025 (GLOBE NEWSWIRE) -- Calian® Group Ltd. (TSX:CGY), a trusted provider of mission-critical solutions for defence, space and healthcare, today announced the appointment of Eric Demirian to its Board of Directors. Since 2003, Demirian has served as President of Parklea Capital Inc., a boutique financial and strategy advisory firm, and of Demicap Inc., a private investment firm. He was previously Executive Vice President at Group Telecom Inc. (2000–2003) and a partner at PricewaterhouseCoopers LLP (1983–2000), where he led the Information and Communications Practice. Demirian holds a Bachelor of Business Management from Toronto Metropolitan University and is a C
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
Loop Capital initiated coverage of Descartes with a rating of Buy and set a new price target of $140.00
Barclays upgraded Descartes from Underweight to Equal Weight and set a new price target of $125.00 from $88.00 previously
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