Sangoma Technologies (NASDAQ:SANG) Issues Quarterly Earnings Results

Sangoma Technologies (NASDAQ:SANG) released its earnings results on Thursday. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.01), Zacks reports. Sangoma Technologies had a negative net margin of 38.99% and a negative return on equity of 3.85%.

Sangoma Technologies Stock Down 1.1%

SANG stock traded down $0.05 during midday trading on Thursday, reaching $4.47. The company had a trading volume of 58,038 shares, compared to its average volume of 70,095. Sangoma Technologies has a 1 year low of $3.40 and a 1 year high of $5.41. The company has a current ratio of 0.78, a quick ratio of 0.67 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $149.03 million, a P/E ratio of -1.87 and a beta of 1.24. The company has a 50 day moving average of $4.27 and a two-hundred day moving average of $4.18.

Analyst Ratings Changes

Several brokerages recently issued reports on SANG. Weiss Ratings raised Sangoma Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, August 17th. TD Securities cut Sangoma Technologies from a “buy” rating to a “sell” rating and lowered their target price for the company from C$8.00 to C$7.35 in a research note on Tuesday, September 29th. Finally, Zacks Research upgraded Sangoma Technologies from a “strong sell” rating to a “hold” rating in a report on Monday, August 3rd. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Sangoma Technologies presently has an average rating of “Reduce” and a consensus target price of $4.00.

About Sangoma Technologies

Sangoma Technologies is a communications technology company that provides business communications and information technology solutions to enterprises, service providers and channel partners. Its offerings are designed to help organizations manage voice, video, messaging, collaboration and customer interactions across cloud-based and on-premises environments.

The company’s portfolio includes unified communications as a service, cloud phone systems, contact-center solutions, business phone and video hardware, SIP trunking, managed services, networking and security products, and emergency communications services.