Sangoma Technologies (TSE:STC) Announces Earnings Results

Sangoma Technologies (TSE:STC) released its quarterly earnings data on Wednesday. The company reported C($0.10) earnings per share (EPS) for the quarter, FiscalAI reports. Sangoma Technologies had a negative net margin of 3.16% and a negative return on equity of 2.82%. The business had revenue of C$70.90 million during the quarter.

Sangoma Technologies Price Performance

Sangoma Technologies stock traded up C$0.02 during mid-day trading on Wednesday, reaching C$5.62. 26,109 shares of the company were exchanged, compared to its average volume of 43,524. The firm has a market cap of C$186.68 million, a PE ratio of -33.06 and a beta of 1.17. The company has a debt-to-equity ratio of 18.08, a current ratio of 0.87 and a quick ratio of 0.69. The company has a fifty day simple moving average of C$5.81 and a 200-day simple moving average of C$6.50. Sangoma Technologies has a 12 month low of C$5.16 and a 12 month high of C$8.80.

Analyst Ratings Changes

Separately, Stifel Nicolaus reduced their target price on shares of Sangoma Technologies from C$12.00 to C$10.00 and set a “buy” rating for the company in a report on Thursday, February 5th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of C$10.13.

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.