Sangoma Technologies (STC) Set to Announce Quarterly Earnings on Wednesday

Sangoma Technologies (CVE:STC) is scheduled to announce its earnings results after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of C($0.07) per share for the quarter.

Sangoma Technologies (CVE:STC) last announced its earnings results on Thursday, February 8th. The company reported C($0.14) EPS for the quarter, missing analysts’ consensus estimates of C($0.12) by C($0.02). The business had revenue of C$84.79 million for the quarter, compared to analyst estimates of C$87.86 million.

Sangoma Technologies Stock Up 6.4 %

CVE:STC opened at C$3.99 on Tuesday. The company’s 50-day simple moving average is C$3.99 and its 200-day simple moving average is C$3.99. The company has a debt-to-equity ratio of 23.80, a quick ratio of 0.69 and a current ratio of 0.97. Sangoma Technologies has a fifty-two week low of C$2.53 and a fifty-two week high of C$5.50. The stock has a market capitalization of C$531.28 million and a P/E ratio of 997.50.

Analyst Ratings Changes

Several brokerages have weighed in on STC. TD Securities upgraded shares of Sangoma Technologies from a “hold” rating to a “buy” rating and raised their target price for the company from C$5.50 to C$6.50 in a research note on Friday, February 9th. Acumen Capital raised their price objective on Sangoma Technologies from C$7.00 to C$7.50 in a research report on Friday, February 9th.

About Sangoma Technologies

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.