Sangoma Technologies (STC) Scheduled to Post Earnings on Wednesday

Sangoma Technologies (CVE:STC) will 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 posted its earnings results on Thursday, February 8th. The company reported C($0.14) earnings per share for the quarter, missing the consensus estimate of C($0.12) by C($0.02). The firm had revenue of C$84.79 million for the quarter, compared to analysts’ expectations of C$87.86 million.

Sangoma Technologies Stock Performance

Shares of STC stock opened at C$3.99 on Monday. Sangoma Technologies has a 12 month low of C$2.53 and a 12 month high of C$5.50. The stock has a market capitalization of C$531.28 million and a P/E ratio of 997.50. The company has a current ratio of 0.97, a quick ratio of 0.69 and a debt-to-equity ratio of 23.80. The firm’s 50 day moving average is C$3.99 and its 200 day moving average is C$3.99.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on STC shares. TD Securities upgraded Sangoma Technologies from a “hold” rating to a “buy” rating and boosted their price objective for the company from C$5.50 to C$6.50 in a research note on Friday, February 9th. Acumen Capital increased their price objective on Sangoma Technologies from C$7.00 to C$7.50 in a research report on Friday, February 9th.

Sangoma Technologies Company Profile

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.