moneyheap
DSGX · Analysis updated Nov 10, 2026, 6:00 PM ET
Why is Descartes Systems Group Inc (DSGX) stock moving?
No news items or SEC filings were found for DSGX in the 14-day news window or the 45-day filings window, so this view rests only on the 30-day price and volume data. Over that period the stock traded in a range of about $87.71 to $96.75 and closed at $95.08 on Nov 10, roughly flat versus $93.99 on Oct 22. The most notable move was a 3.9% gain on Nov 4 (close $94.74) on volume of about 529K, above the typical 300K to 450K range, and the price has held in the $94 to $95 area since. Volume was lighter on Nov 3 and Nov 6 to Nov 9, which suggests the recent strength has not been driven by heavy trading. Without a company-specific catalyst, the data shows a mild positive drift and no clear directional edge.
About Descartes Systems Group Inc
Descartes Systems Group is a Canadian company, based in Waterloo, Ontario, that sells cloud-based software for logistics and supply chains. It runs the Global Logistics Network, which connects shippers, carriers, freight forwarders and customs authorities. It has grown through a long run of small acquisitions and is listed on both Nasdaq and the TSX.
How it makes money
Most of its revenue, roughly 90%, is recurring subscription and transaction fees. Customers pay for software covering customs and trade compliance filings, route planning and delivery, freight visibility, e-commerce shipping, and messaging over its logistics network. The rest comes from professional services and one-time license sales. Revenue for the fiscal year ended January 2026 was about $729 million, up roughly 12%. Net income for that year was about $164 million.
What usually moves DSGX
- Global trade and shipping volumes
- Changes to customs, tariff and trade-compliance rules
- Acquisition activity and how well acquired businesses are integrated
- Recurring revenue growth and profit margins
- Valuations of software stocks generally