Sangoma Technologies (CVE:STC) Price Target Raised to C$8.00 at TD Securities

Sangoma Technologies (CVE:STC) had its price objective lifted by equities research analysts at TD Securities from C$7.50 to C$8.00 in a note issued to investors on Thursday, BayStreet.CA reports. TD Securities’ price objective would suggest a potential upside of 100.50% from the stock’s previous close.

Separately, Acumen Capital increased their target price on shares of Sangoma Technologies from C$7.00 to C$7.50 in a research report on Friday, February 9th.

Sangoma Technologies Stock Performance

Shares of CVE:STC traded up C$0.24 on Thursday, hitting C$3.99. 92,846 shares of the company were exchanged, compared to its average volume of 292,342. The stock’s 50 day moving average price is C$3.99 and its 200 day moving average price is C$3.99. The company has a current ratio of 0.97, a quick ratio of 0.69 and a debt-to-equity ratio of 23.80. The firm has a market capitalization of C$531.28 million and a P/E ratio of 997.50. Sangoma Technologies has a 1-year low of C$2.53 and a 1-year high of C$5.50.

Sangoma Technologies (CVE:STC) last announced its quarterly earnings results on Thursday, February 8th. The company reported C($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.12) by C($0.02). The company had revenue of C$84.79 million for the quarter, compared to analysts’ expectations of C$87.86 million. Sell-side analysts predict that Sangoma Technologies will post 0.01 EPS for the current year.

Sangoma Technologies Company Profile

Sangoma Technologies Corporation develops, manufactures, distributes, and supports voice and data connectivity components for software-based communication applications worldwide. The company offers Switchvox, a business phone system; PBXact, a phone system; Internet protocol (IP) phones; service provider and voice over Internet protocol gateways; Switchvox Cloud, a unified communications solution; SIPstation SIP Trunking, a hosted session initiation protocol trunking service; PBXact Cloud, a cloud based private branch exchange service; and FAXStation, a fax-over-IP solution.