Asset manager Conestoga Capital Advisors noted in its Q2 2026 investor letter that shares of Canadian logistics technology company Descartes Systems Group (DSGX) declined during the reporting period, dragging down portfolio performance. Despite the company achieving record revenue and profitability, investors expressed concerns about the sustainability of DSGX's growth following multiple quarters of strong performance. Conestoga Capital Advisors stated that they remain bullish on DSGX's mission-critical software, high recurring revenue model, and disciplined capital allocation strategy, all of which continue to support their long-term investment thesis. As of August 5, DSGX shares were trading at $76.62, down 25.22% over the past 52 weeks.