The Globe and Mail reports in its Friday, June 23, edition that Canaccord Genuity analyst Robert Young has reiterated his "buy" rating for Evertz Technologies. The Globe's David Leeder writes in the Eye On Equities column that Mr. Young bumped his share target ahead by $4 to $19. Analysts on average target the shares at $16.67. On Wednesday, Evertz posted fourth quarter revenue of $128.9-million, up 11 per cent and "significantly" above both Mr. Young's $110.3-million estimate and the consensus forecast of $110.9-million "driven by strength in North America and deployments across hardware and cloud along with services and licenses." Adjusted earnings per share of 24 cents topped the 17-cent projection of both the analyst and Street. Mr. Young says in a note: "Evertz also reported a massive backlog of $392-million in FQ4, a record by a wide margin, and driven by two large deals including a $25-million international order and a $152-million Cloud and ProServ order received in April. Adjusting for these two large orders, backlog was still strong at $215-million, up 22 per cent year-over-year. Evertz sees 50 per cent of the backlog being realized in F24, which supports our raised forward estimates."