Sangoma Technologies (TSE:STC) Releases Earnings Results

Sangoma Technologies (TSE:STC) released its quarterly earnings results on Thursday. The company reported C($0.13) earnings per share for the quarter, FiscalAI reports. Sangoma Technologies had a negative net margin of 37.55% and a negative return on equity of 34.04%. The business had revenue of C$71.27 million for the quarter.

Sangoma Technologies Trading Down 1.6%

Shares of STC stock opened at C$6.23 on Friday. Sangoma Technologies has a 12 month low of C$4.71 and a 12 month high of C$7.62. The company has a quick ratio of 0.69, a current ratio of 0.78 and a debt-to-equity ratio of 19.57. The business’s 50 day moving average is C$5.99 and its two-hundred day moving average is C$5.79. The company has a market cap of C$208.72 million, a PE ratio of -2.55 and a beta of 0.33.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on STC. Acumen Capital cut shares of Sangoma Technologies from a “buy” rating to a “tender” rating and decreased their price objective for the stock from C$11.00 to C$7.40 in a report on Wednesday, September 30th. TD lowered Sangoma Technologies from a “buy” rating to a “sell” rating and cut their target price for the company from C$8.00 to C$7.35 in a report on Wednesday, September 30th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of C$8.25.

Sangoma Technologies Company Profile

Sangoma (TSX: STC; Nasdaq: SANG) is a leading business communications platform provider with solutions that include its award-winning UCaaS, CCaaS, CPaaS, and Trunking technologies. The enterprise-grade communications suite is developed in-house; available for cloud, hybrid, or on-premises deployments. Additionally, Sangoma’s integrated approach provides managed services for connectivity, network, and security. A trusted communications partner with over 40 years on the market, Sangoma has over 2.7 million UC seats across a diversified base of over 100,000 customers.