Toronto-based Tucows, which Mr. Donville refers to as Canada’s GoDaddy.com, provides domain name registration and related Internet services and is investing in a new business branded “Ting” that will provide wireless services in the U.S.

The stock has soared 115 per cent over the past year on the Nasdaq, and Mr. Donville sees more growth ahead.

“We own it, we like it and we think the stock goes much higher in the coming years,” he told BNN this week.

The company trades both in Toronto and New York, but is more liquid south of the border, Mr. Donville said.

Cormark Securities analyst Hubert Mak has a “buy” on the stock.

“We like Tucows for its defensive quality coming from its market leading Internet domain registrar business that provides it with a steady cash flow stream,” he sad in a May 8 note after the company reported a jump in first-quarter earnings. He also expects the new Ting business to keep adding to its recurring revenue base.

The company said its first-quarter revenue rose 18 per cent to $40.5 million. Net income reached $2.8 million, up from $477,000 for the same period last year.

“We continue to believe TCX is defensive given the recurring cash flow strength coming from its top three global leading domain registration business,” said Mr. Mak. “While this core unit has been providing a steady base of capital that has enabled TCX to drive shareholder value by executing on multiple share buybacks, we believe the continued success with Ting Mobile which with its leverage will also now start to contribute an increasing level of recurring cash flows.”

Of the two analysts surveyed by Reuters Estimates that cover Tucows, the consensus rating is a “buy.”

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