Should I buy Converge stock in 2025?

What is Converge?

How much is the Converge stock?

The price of Converge stock is rising this week. As of today, Converge is trading at ₱20.15, reflecting a 0.75% increase over the past 24 hours and a weekly gain of 0.25%.

The company’s market capitalization stands at ₱145.33 billion, with an average 3-month trading volume of 5.43 million shares. Converge’s P/E ratio is 12.98, while its dividend yield is a solid 3.03%, and its stock beta is 0.74, indicating relatively low market volatility.

With strong buy signals and robust underlying growth, Converge offers attractive investment potential in a dynamic telecommunications sector.

Our full analysis on the Converge stock

Following an integrated review of Converge Information & Communications Technology Solutions Inc.’s (CNVRG) latest financial disclosures and a three-year evaluation of its share price trajectory, our analysis leverages rigorous quantitative models that synthesize financial, technical, and market intelligence across the sector landscape. The convergence of fundamental strength, robust technical signals, and favorable market positioning invites a deeper exploration: so, why might Converge stock once again become a strategic entry point into the Southeast Asian technology infrastructure sector as we approach 2025?

Recent Performance and Market Context

Converge has delivered an exceptional performance over the last twelve months, positioning itself as a standout within the Philippine and broader ASEAN technology markets. From a 52-week low of ₱9.86, the stock has more than doubled, registering an impressive 101.5% appreciation to its current level at ₱20.15 (as of May 30, 2025). Year-to-date, CNVRG has climbed 24.85%, reflecting sustained investor confidence and improved visibility among institutional market participants. The recent uptick—+0.75% on the last trading day—was supported by solid trading volumes at 5.11 million shares, near the three-month average, signaling persistent liquidity and active participation.

A series of favorable recent events have underpinned this rally:

• 2024 full-year results exceeded expectations, with net income up by 18.8% and revenue growing by 14.8% year-on-year
• Q1 2025 reaffirmed this trajectory, with EPS rising from ₱0.35 to ₱0.41
• Analyst consensus has shifted notably bullish, with average price targets in the ₱22.50–₱24.90 range, suggesting further 14–16% upside from current levels
• The sector background remains highly supportive, with the Philippines’ digitalization, infrastructure investment, and rapid urbanization boosting demand for fixed broadband and enterprise network services.

These dynamics, set against a moderate beta (0.74) reflecting less volatility than the broader market, underscore an investment context marked by growth, resilience, and compelling relative value among regional technology equities.

Technical Analysis

Analytical scrutiny of the current technical configuration reveals a strongly bullish bias for CNVRG. The stock presents a classic momentum profile:

• RSI (14-day) at 57.97—signaling bullish territory but not yet overbought, indicating ample room for further upside
• MACD (12,26,9) at 0.03—a positive cross and continued buy indication
• Golden Cross across the moving averages (5, 20, 50, 100, 200-day MAs), where shorter-term averages are positioned above longer-term ones, supporting an ongoing bull phase
• Support levels at ₱19.41 and ₱18.39 remain well below current price, building a strong technical base
• Resistance at ₱20.20 and ₱20.45 can be seen as near-term targets, with a break above signaling an acceleration
• ADX at 16.57 denotes a modest trend strength, yet the combination of momentum and continuous base building reflects a structure often preceding powerful upward moves.

Short- and medium-term momentum is robust, with the stock sustaining a clear uptrend and cyclical corrections rapidly attracting dip buyers, reinforcing the notion that current levels still offer favorable positioning for accumulation.

Fundamental Analysis

Fundamentally, Converge continues to outperform both its home market peers and the broader ASEAN technology cohort:

• Revenue climbed to ₱40.61 billion in 2024, a 14.8% increase YoY, while net income surged 18.8% to ₱10.81 billion—demonstrating both scale and operating leverage
• EBITDA growth and margin expansion show operational discipline, with management consistently delivering above-expectation results
• EPS for Q1 2025 hit ₱0.41, up from ₱0.35 a year earlier, illustrating sustained earnings momentum
• P/E ratio stands at 12.98, well below sector averages for high-growth infrastructure plays, and a P/B of 2.68 suggests valuation remains attractive relative to projected growth rates
• Dividend yield at 3.03% (with regular and special dividends) provides a competitive total return profile, appealing to income-oriented investors in addition to growth seekers.

Structurally, the business captures key growth trends:

• Dominant fiber broadband market share across the Philippines, boasting more than 103,000 kilometers of network and operations in 495 cities
• Dual focus on high-growth residential and enterprise segments, underpinned by innovation in service platforms (FiberX, FiberXtreme, flexiBiz)
• A robust brand, trusted by consumers and business clients alike, further embedding CNVRG in the country’s ongoing digital transformation.

Volume and Liquidity

Liquidity is a cornerstone of Converge’s investment appeal. Daily trading volumes (averaging 5.43 million shares over three months) and active market depth reflect strong investor engagement and institutional participation, supporting price discovery and minimizing execution risk. With a public float of 2.25 billion shares, the structure is sufficiently broad to allow dynamic valuation while maintaining scarcity value during periods of heightened demand. This consistent activity is both a confidence indicator and an essential technical underpinning for further upward moves.

Catalysts and Positive Outlook

The future outlook for CNVRG is defined by a series of tangible growth levers and strategic initiatives:

• Continued expansion of digital infrastructure—notably, the nationwide rollout of advanced fiber networks, which are capturing both urban and underpenetrated provincial markets
• Rising demand for high-speed connectivity—as internet and data consumption accelerate within the Philippines and across Southeast Asia, Converge is positioned to capture a growing share of enterprise and SME customers
• Innovation pipeline—next-generation products and services, integrations of 5G-ready infrastructure, and upgraded broadband offerings ensure the company maintains its leadership edge
• ESG initiatives focused on responsible network deployment and digital inclusion may increase institutional investor appeal, especially given rising priority towards sustainability factors globally
• Macroeconomic tailwinds—from favorable regulatory frameworks, ongoing economic recovery post-pandemic, to policy initiatives incentivizing connectivity and IT services adoption.

Moreover, with management projecting revenue growth of 14–16% in 2025 and continued geographic reach, all signs point toward further expansion of CNVRG’s already formidable competitive moat.

Investment Strategies

The technical and fundamental profiles of CNVRG converge to offer an array of strategic entry points:

• Short-term tactical entries may be considered on retests of immediate support zones (₱19.41/₱18.39) or on confirmed momentum breakouts through ₱20.20–₱20.45 resistance, aiming to capture volatility and periodic surges
• Medium-term positioning is justified by the robust financial trajectory, ongoing bullish signals, and upcoming catalysts (such as quarterly results and new service launches), enabling swing trades or tactical holds as the stock trends toward consensus price targets
• Long-term accumulation remains supported by the company’s critical role in the Philippines’ digital infrastructure, expanding market share, strong dividend track record, and moderate valuation—making CNVRG suitable for core portfolio holdings targeting digital transformation across Asia.

Crucially, for investors seeking to gain exposure ahead of major catalysts (infrastructure announcements, regulatory tailwinds, or new product releases), current valuations and technical patterns seem aligned with an optimal entry phase rather than an overextended rally.

Is It the Right Time to Buy Converge?

The unique confluence of surging financial results, persistent technical momentum, and visible long-term catalysts reinforce the conviction that Converge stock represents an excellent opportunity at current levels. Its moderate volatility, sector leadership, and compelling dividend yield combine to offer a rare blend of growth and income, underlined by solid analyst support and a path toward higher target prices in 2025.

With Philippine digital infrastructure at the heart of regional economic expansion and Converge executing successfully on both operational and strategic fronts, all indicators suggest that the stock may well be entering a new bullish phase—one that investors seeking regional technology and infrastructure exposure would be prudent to consider with renewed interest.

In summary, Converge stands at the intersection of strong underlying growth, technical validation, and market liquidity. For those seeking to participate in Asia’s digital leap, CNVRG seems poised to offer a compelling combination of resilience, upside, and reliable performance in a dynamic sector environment. The opportunity, under current conditions, is as promising as at any point in the company’s recent history.

How to buy Converge stock in the UAE?

Buying Converge Information & Communications Technology Solutions Inc. (CNVRG) stock online is both simple and secure when using a regulated broker. Investors in the UAE have two main methods: direct spot buying, where you own the actual shares, and trading via Contracts for Difference (CFDs), which allows you to speculate on price movements without owning the shares. Both approaches can be completed fully online, with robust security and investor protections in place. Understanding the differences between these methods is essential before you begin. For help choosing the right broker, see our comparison further down the page.

Spot Buying

A cash (spot) purchase means you are buying Converge shares outright and become a registered shareholder. This method is suitable for long-term investors looking to benefit from price growth and dividend payouts. UAE-based brokers typically charge a fixed commission per order, often ranging from AED 15 to AED 40 (or their equivalent in USD).

Example

Suppose the Converge share price is ₱20.15 (about $0.36 USD or AED 1.33 per share at recent exchange rates). With a $1,000 stake (around AED 3,670), after accounting for a $5 brokerage fee, you could buy approximately 2,760 shares.

• Gain scenario: If the share price rises by 10%, your shares are now worth $1,100.
• Result: +$100 gross gain, or +10% on your investment (excluding taxes and currency fluctuations).

Trading via CFD

CFDs (Contracts for Difference) offer a flexible way to trade Converge shares without owning the underlying stock. Instead, you enter a contract based on price movements, which is ideal for short- or medium-term strategies. When trading CFDs, you pay a spread (the difference between buy/sell prices) and, if you hold positions overnight, a small financing fee. CFDs also allow you to use leverage, increasing your market exposure.

Example

You open a CFD position on Converge shares with a $1,000 margin and 5x leverage, giving you a market exposure of $5,000.

• Gain scenario: If the stock rises by 8%, your position gains 8% × 5 = 40%.
• Result: +$400 gain, on your $1,000 margin (excluding spread and overnight fees).

Final Advice

Before investing in Converge shares, it is crucial to compare brokers’ fees, financing rates, and trading conditions, as these can vary significantly. The right choice depends on your investment goals: spot buying may suit long-term investors and dividend seekers, while CFD trading offers greater flexibility and leverage for active traders. For detailed broker comparisons tailored to UAE investors, see our broker comparator further down the page.

Our 7 tips for buying Converge stock

The latest news about Converge

Converge shares achieve a new 52-week high following sustained market momentum and strong performance signals. In the past week, Converge stock touched ₱20.75, its highest level in a year, underscoring exceptional performance with an annual gain of over 100%. Technical indicators such as RSI and MACD maintain firm buy signals, with several moving averages converging above key benchmarks, all reflecting robust market confidence. Trading volumes remain healthy and steady, indicating active investor participation, while a relatively low beta of 0.74 highlights the stock’s defensive qualities, which is often attractive to institutional and international investors seeking lower volatility exposure.

Converge delivered record financial results, beating full-year 2024 expectations with nearly 19% net income growth. The company reported full-year 2024 revenue of ₱40.61 billion, a 14.8% year-on-year increase, and net income surging by 18.8% to ₱10.81 billion. These figures exceeded market and analyst forecasts, supporting a bullish outlook on operational efficiency and growth execution. The latest quarterly results further reinforce this trend, with Q1 2025 earnings per share of ₱0.41 surpassing the same quarter the previous year, highlighting consistency in performance and strengthening the investment thesis for growth-focused and income-seeking investors.

Analyst consensus remains overwhelmingly positive, supporting further upside with price targets above current trading levels. Eight to nine research analysts maintain “Buy” ratings on the stock, with an average target price of ₱21.44–₱23.40 and a range extending up to ₱24.90, presenting an approximate 14-16% upside from current levels. The dividend yield stands at 3.03%, with regular and special distributions announced for 2025, offering a compelling balance of capital appreciation and income—a factor likely to resonate with UAE-based institutional and private wealth investors seeking diversified growth and yield exposure in emerging ASEAN digital infrastructure.

Converge’s ongoing digital infrastructure expansion and leadership in the Philippine fiber broadband market highlight long-term growth drivers. The company’s aggressive rollout of fiber networks, spanning over 103,000 kilometers and serving almost 500 cities, solidifies its position as the country’s fastest-growing fixed broadband provider. Management’s 2025 guidance of 14–16% revenue growth leverages this extensive reach and continued high-speed internet demand. These structural growth trends, in a rapidly digitizing Southeast Asian economy, mirror priorities found in Gulf countries—including the UAE—where digital infrastructure investment and cross-border tech partnerships are central themes for both strategic and portfolio investors.

No recent adverse regulatory developments or significant execution risks have been reported, supporting a favorable risk environment. Converge remains compliant with Philippine telecommunications regulations, and its business model—split between residential and enterprise fiber—continues to scale efficiently without major setbacks. Capital requirements are significant, but the company’s solid balance sheet and EBITDA growth mitigate immediate financing concerns. For UAE-based investors familiar with telecom sector dynamics in emerging markets, this stable risk backdrop—along with Converge’s solid governance—puts the spotlight firmly on its upside potential rather than on downside surprises.

FAQ

P. Laurore

Finance expert

Co-founder of HelloSafe and holder of a Master's degree in finance, Pauline has recognised expertise in personal finance, which she uses to help users better understand and optimise their financial choices. At HelloSafe, Pauline plays a key role in designing clear, educational content on savings, investments and personal finance. Passionate about financial education, Pauline strives, with every piece of content she oversees, to provide reliable, transparent and unbiased information for independent and informed financial management. To this end, she has tested over 100 trading platforms to help internet users make the right choices.