Sangoma Technologies (NASDAQ:SANG) Posts Earnings Results, Misses Estimates By $0.01 EPS

Sangoma Technologies (NASDAQ:SANG) announced its quarterly earnings data on Monday. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.01), Zacks reports. Sangoma Technologies had a negative net margin of 3.04% and a negative return on equity of 2.26%.

Sangoma Technologies Price Performance

Sangoma Technologies stock traded up $0.04 during midday trading on Monday, reaching $3.59. 44,562 shares of the stock traded hands, compared to its average volume of 6,319. The stock’s fifty day moving average is $3.88 and its 200-day moving average is $3.94. Sangoma Technologies has a 12 month low of $3.40 and a 12 month high of $5.41. The stock has a market cap of $119.48 million, a P/E ratio of -18.89 and a beta of 1.27. The company has a quick ratio of 0.74, a current ratio of 0.90 and a debt-to-equity ratio of 0.07.

Wall Street Analysts Forecast Growth

SANG has been the topic of several analyst reports. Weiss Ratings raised shares of Sangoma Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, August 17th. Zacks Research raised Sangoma Technologies from a “strong sell” rating to a “hold” rating in a report on Monday, August 3rd. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $4.00.

Sangoma Technologies Company Profile

Sangoma Technologies Corporation (NASDAQ: SANG) provides business communications software, cloud services, hardware and related connectivity solutions. Its offerings are designed to help organizations manage voice, video, messaging, collaboration and customer interactions through integrated communications platforms.

The company’s products and services include unified communications as a service, contact center solutions, business phone systems, SIP trunking, video conferencing, communications platform as a service, SD-WAN and managed network services.