Stifel Nicolaus Cuts Sangoma Technologies (TSE:STC) Price Target to C$10.00

Sangoma Technologies (TSE:STC) had its price objective reduced by Stifel Nicolaus from C$12.00 to C$10.00 in a research note released on Thursday,BayStreet.CA reports. They currently have a buy rating on the stock.

Sangoma Technologies Price Performance

Shares of Sangoma Technologies stock opened at C$6.38 on Thursday. Sangoma Technologies has a 1 year low of C$5.80 and a 1 year high of C$9.30. The company has a market cap of C$211.92 million, a P/E ratio of -37.53 and a beta of 1.09. The company has a current ratio of 0.86, a quick ratio of 0.69 and a debt-to-equity ratio of 27.33. The stock has a 50-day moving average price of C$6.88 and a 200 day moving average price of C$7.28.

Sangoma Technologies (TSE:STC) last released its earnings results on Monday, November 10th. The company reported C($0.07) earnings per share for the quarter. The business had revenue of C$70.76 million for the quarter. Sangoma Technologies had a negative net margin of 2.81% and a negative return on equity of 2.61%. As a group, analysts expect that Sangoma Technologies will post 0.01 EPS for the current fiscal year.

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.