Sangoma Technologies (TSE:STC – Get Free Report) announced its quarterly earnings data on Wednesday. The company reported C($0.10) earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of C$70.90 million for the quarter. Sangoma Technologies had a negative return on equity of 2.82% and a negative net margin of 3.16%.
Sangoma Technologies Trading Down 1.6%
STC stock opened at C$4.93 on Friday. 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 moving average price of C$5.77 and a two-hundred day moving average price of C$6.47. Sangoma Technologies has a one year low of C$4.71 and a one year high of C$8.80. The stock has a market cap of C$163.76 million, a price-to-earnings ratio of -29.00 and a beta of 1.17.
Analysts Set New Price Targets
A number of brokerages recently weighed in on STC. Stifel Nicolaus lowered their target price on shares of Sangoma Technologies from C$12.00 to C$10.00 and set a “buy” rating on the stock in a report on Thursday, February 5th. TD decreased their price objective on shares of Sangoma Technologies from C$10.00 to C$8.00 and set a “buy” rating for the company in a research report on Thursday. Five investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of C$9.70.
About Sangoma Technologies
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.
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