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Upturn stock rating
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Tucows Inc. (TCX)

Upturn stock rating
$18.43
Last Close (24-hour delay)
upturn advisory
PASS
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  • SELL Advisory (Loss)​
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Upturn Stock info Stock price based on last close
*as per simulation
(see disclosures)
Time period over
  • ALL
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Upturn Advisory Summary

10/21/2025: TCX (1-star) is currently NOT-A-BUY. Pass it for now.

Upturn Star Rating

rating

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Analysis of Past Performance

Type Stock
Historic Profit -25.16%
Avg. Invested days 28
Today’s Advisory PASS
Upturn Star Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance 2.0
Stock Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulation Last Close 10/21/2025

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 215.39M USD
Price to earnings Ratio -
1Y Target Price 150.01
Price to earnings Ratio -
1Y Target Price 150.01
Volume (30-day avg) -
Beta 0.84
52 Weeks Range 13.27 - 26.48
Updated Date 06/29/2025
52 Weeks Range 13.27 - 26.48
Updated Date 06/29/2025
Dividends yield (FY) -
Basic EPS (TTM) -8.97

Earnings Date

Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin -26.67%
Operating Margin (TTM) -2.15%

Management Effectiveness

Return on Assets (TTM) -1.68%
Return on Equity (TTM) -1011.58%

Valuation

Trailing PE -
Forward PE 29.15
Enterprise Value 693090255
Price to Sales(TTM) 0.58
Enterprise Value 693090255
Price to Sales(TTM) 0.58
Enterprise Value to Revenue 1.88
Enterprise Value to EBITDA 62.04
Shares Outstanding 11057100
Shares Floating 7791173
Shares Outstanding 11057100
Shares Floating 7791173
Percent Insiders 20.72
Percent Institutions 66.82

ai summary icon Upturn AI SWOT

Tucows Inc.

stock logo

Company Overview

overview logo History and Background

Tucows Inc. was founded in 1993 as a shareware download site. Over time, it transitioned to a domain registrar, hosting provider, and internet services company. It has grown through organic expansion and strategic acquisitions.

business area logo Core Business Areas

  • Domain Services: Provides domain name registration and related services through OpenSRS and Ascio.
  • Ting Internet: Offers fiber internet services to homes and businesses in select markets.
  • Mobile Services: Operates Ting Mobile, a mobile virtual network operator (MVNO).

leadership logo Leadership and Structure

Elliot Noss serves as the CEO. The company has a board of directors and operates with distinct business units for each core service area.

Top Products and Market Share

overview logo Key Offerings

  • Domain Name Registration (OpenSRS & Ascio): Offers domain registration and related services to resellers. It is the second largest ICANN accredited registrar. Competitors include GoDaddy (GDDY), Namecheap, and others.
  • Ting Internet: Fiber internet service provider in select U.S. towns. Competitors include Comcast (CMCSA), Verizon (VZ), and AT&T (T).
  • Ting Mobile: MVNO offering mobile service using T-Mobile and Verizon networks. Competitors include Mint Mobile, Visible, and other MVNOs and major carriers.

Market Dynamics

industry overview logo Industry Overview

The internet services industry is competitive and constantly evolving. Domain registration faces pricing pressure. Fiber internet is growing. MVNOs face challenges balancing cost and service quality.

Positioning

Tucows is positioned as a provider of wholesale domain services, a growing fiber internet provider in secondary markets, and an MVNO offering a value-oriented service. Its competitive advantages include its established domain reseller network and a focus on customer service.

Total Addressable Market (TAM)

The combined TAM for Tucows' segments is significant, potentially in the hundreds of billions of dollars globally, across domains, fiber internet, and mobile services. Tucows holds a relatively small, but growing, percentage of this TAM. Focus on specific locations for Ting Internet may grow revenues

Upturn SWOT Analysis

Strengths

  • Established domain reseller network
  • Growing fiber internet business
  • Strong customer service reputation
  • Experienced management team

Weaknesses

  • MVNO business is highly competitive
  • Relatively small size compared to competitors
  • Fiber internet deployment is capital intensive
  • Dependence on wholesale partners

Opportunities

  • Expansion of fiber internet to new markets
  • Growth in domain name registrations
  • Partnerships with other service providers
  • Acquisitions of smaller competitors

Threats

  • Increasing competition in all segments
  • Economic downturn
  • Changes in regulations
  • Technological disruptions

Competitors and Market Share

competitor logo Key Competitors

  • GDDY
  • CMCSA
  • VZ

Competitive Landscape

Tucows competes with much larger companies. Its strategy focuses on underserved markets and niche services where it can differentiate itself through customer service and specialized offerings. Domain market share is difficult to precisely determine due to the fragmented nature of the reseller market.

Major Acquisitions

Ascio Technologies AG

  • Year: 2010
  • Acquisition Price (USD millions): 36.8
  • Strategic Rationale: Expanded Tucows' domain services offerings and geographic reach.

Growth Trajectory and Initiatives

Historical Growth: Growth has been driven by acquisitions and the expansion of Ting Internet.

Future Projections: Analysts project continued revenue growth driven by fiber expansion. Profitability is dependent on scaling Ting Internet and managing costs in the mobile business.

Recent Initiatives: Continued expansion of Ting Internet in existing and new markets, investment in network infrastructure, optimizing MVNO operations.

Summary

Tucows is a mixed bag; Its domain business is steady, while its fiber internet segment shows promise but demands significant capital. The MVNO business faces stiff competition and depressed earnings. The expansion of Ting Internet is key, but profitability and cash flow need to improve. It needs to focus on efficient operations, and future growth requires careful financial management.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • Company SEC Filings (10-K, 10-Q)
  • Company Investor Relations
  • Third-party financial data providers
  • Industry reports and analysis

Disclaimers:

This analysis is for informational purposes only and does not constitute financial advice. Market share data is approximate and based on available information. Financial data is subject to change.

Upturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About Tucows Inc.

Exchange NASDAQ
Headquaters Toronto, ON, Canada
IPO Launch date 1996-04-29
President, CEO & Director Mr. Elliot Noss
Sector Technology
Industry Software - Infrastructure
Full time employees 765
Full time employees 765

Tucows Inc. provides domain name registration, email, and other internet related services in North America and Europe. It operates through three segments: Ting, Wavelo, and Tucows Domains. The Ting segment provides gigabit fiber and fixed wireless internet services. The Wavelo segment offers full-service platforms and professional services that support communication services providers, including subscription and billing management, network orchestration and provisioning, and individual developer tools, as well as billing solutions to internet services providers under the Platypus brand. The Tucows Domains segment provides wholesale and retail domain name registration services under the OpenSRS, eNom, Ascio, EPAG, and Hover brands, as well as value added services, such as hosted email, internet security services, WHOIS privacy, publishing tools, and other value-added services. The company offers its services primarily through an internet-based distribution network of internet service providers, web hosting companies, and other providers of internet services to end-users. Tucows Inc. was founded in 1992 and is headquartered in Toronto, Canada.