TD Issues Pessimistic Forecast for Sangoma Technologies (TSE:STC) Stock Price

by · The Cerbat Gem

Sangoma Technologies (TSE:STC – Get Free Report) had its price objective cut by TD from C$10.00 to C$8.00 in a report released on Thursday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD’s price target would suggest a potential upside of 61.29% from the company’s previous close.

Separately, Stifel Nicolaus lowered their price target on Sangoma Technologies from C$12.00 to C$10.00 and set a “buy” rating on the stock in a research report on Thursday, February 5th. Five investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of C$9.70.

Read Our Latest Report on Sangoma Technologies

Sangoma Technologies Price Performance

Shares of STC stock traded down C$0.66 during mid-day trading on Thursday, hitting C$4.96. 92,923 shares of the stock traded hands, compared to its average volume of 44,020. Sangoma Technologies has a twelve month low of C$4.71 and a twelve month high of C$8.80. The firm has a market cap of C$164.76 million, a price-to-earnings ratio of -29.18 and a beta of 1.17. The company’s 50-day simple moving average is C$5.80 and its 200-day simple moving average is C$6.49. The company has a debt-to-equity ratio of 18.08, a quick ratio of 0.69 and a current ratio of 0.87.

Sangoma Technologies (TSE:STC – Get Free Report) last issued its quarterly earnings results on Wednesday, May 13th. The company reported C($0.10) earnings per share (EPS) for the quarter. Sangoma Technologies had a negative net margin of 3.16% and a negative return on equity of 2.82%. The firm had revenue of C$70.90 million for the quarter. As a group, equities research analysts expect that Sangoma Technologies will post 0.01 earnings per share for the current year.

Sangoma Technologies Company Profile

(Get Free Report)

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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