What is Cormark's Forecast for SANG FY2026 Earnings?

Key Points

• Cormark has downgraded its earnings per share forecast for Sangoma Technologies for FY2026 from ($0.05) to ($0.22), reflecting anticipated challenges in the company's performance.
• Institutional investors have shown increased interest in Sangoma Technologies, with notable gains in holdings by Intact Investment Management Inc., which raised its stake by 99.4% in the first quarter.
• Sangoma Technologies has reported positive earnings in its most recent quarter, achieving $0.02 EPS, exceeding analyst predictions of $0.01.

Sangoma Technologies Corporation (NASDAQ:SANG - Free Report) - Equities researchers at Cormark reduced their FY2026 earnings per share estimates for Sangoma Technologies in a research note issued on Thursday, September 18th. Cormark analyst G. Fairweather now forecasts that the company will post earnings of ($0.22) per share for the year, down from their prior forecast of ($0.05). The consensus estimate for Sangoma Technologies' current full-year earnings is ($0.18) per share. Cormark also issued estimates for Sangoma Technologies' FY2027 earnings at ($0.06) EPS.

Sangoma Technologies (NASDAQ:SANG - Get Free Report) last released its quarterly earnings results on Wednesday, September 17th. The company reported $0.02 earnings per share for the quarter, beating analysts' consensus estimates of $0.01 by $0.01. The business had revenue of $59.36 million during the quarter, compared to analyst estimates of $58.58 million. Sangoma Technologies had a negative return on equity of 1.73% and a negative net margin of 2.12%. Sangoma Technologies has set its FY 2026 guidance at EPS.

Sangoma Technologies Stock Performance

SANG stock traded down $0.12 during mid-day trading on Monday, reaching $5.05. 21,272 shares of the stock traded hands, compared to its average volume of 14,166. The stock's fifty day moving average is $5.76 and its 200-day moving average is $5.49. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.86 and a quick ratio of 0.70. Sangoma Technologies has a 52-week low of $4.08 and a 52-week high of $7.99.

Hedge Funds Weigh In On Sangoma Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Intact Investment Management Inc. raised its stake in Sangoma Technologies by 99.4% during the 1st quarter. Intact Investment Management Inc. now owns 551,525 shares of the company's stock valued at $2,488,000 after purchasing an additional 274,925 shares during the period. Ewing Morris & Co. Investment Partners Ltd. boosted its position in shares of Sangoma Technologies by 3.1% in the second quarter. Ewing Morris & Co. Investment Partners Ltd. now owns 472,554 shares of the company's stock worth $2,923,000 after buying an additional 14,397 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Sangoma Technologies by 1.6% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 291,533 shares of the company's stock valued at $1,808,000 after buying an additional 4,700 shares in the last quarter. Acadian Asset Management LLC raised its position in Sangoma Technologies by 51.7% during the first quarter. Acadian Asset Management LLC now owns 181,800 shares of the company's stock valued at $809,000 after buying an additional 61,951 shares during the period. Finally, National Bank of Canada FI lifted its stake in Sangoma Technologies by 17.5% in the 1st quarter. National Bank of Canada FI now owns 87,982 shares of the company's stock worth $388,000 after acquiring an additional 13,127 shares in the last quarter. 39.65% of the stock is currently owned by hedge funds and other institutional investors.

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 voice over internet protocol phone system; Switchvox Cloud, a unified communications solution, as well as provides cloud communication solutions.