Sangoma Technologies Co. (TSE:STC – Get Free Report) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as C$5.50 and last traded at C$5.56, with a volume of 33941 shares changing hands. The stock had previously closed at C$5.50.
Analysts Set New Price Targets
Separately, Stifel Nicolaus lowered their price target on Sangoma Technologies from C$12.00 to C$10.00 and set a “buy” rating for the company in a research report on Thursday, February 5th. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of C$10.13.
Check Out Our Latest Stock Report on STC
Sangoma Technologies Stock Performance
Sangoma Technologies (TSE:STC – Get Free Report) last announced its quarterly earnings results on Wednesday, February 4th. The company reported C($0.08) earnings per share (EPS) for the quarter. Sangoma Technologies had a negative return on equity of 2.82% and a negative net margin of 3.16%.The firm had revenue of C$70.62 million for the quarter. As a group, equities research analysts forecast that Sangoma Technologies Co. will post 0.01 EPS for the current year.
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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