FY2027 EPS Estimate for Sangoma Technologies Cut by Analyst

Key Points

• Analyst S. Sukumar from Stifel Canada has reduced their FY2027 earnings per share (EPS) estimate for Sangoma Technologies from $0.63 to $0.57.
• Sangoma Technologies reported quarterly earnings of $0.02 per share, surpassing the consensus estimate of $0.01, with revenue of $59.36 million.
• The stock price of Sangoma Technologies has decreased by 13.7%, opening at $5.22 on Friday, with a market capitalization of $173.51 million.

Sangoma Technologies Corporation (NASDAQ:SANG - Free Report) - Equities researchers at Stifel Canada cut their FY2027 earnings per share estimates for shares of Sangoma Technologies in a research note issued to investors on Thursday, September 18th. Stifel Canada analyst S. Sukumar now expects that the company will post earnings of $0.57 per share for the year, down from their previous estimate of $0.63. The consensus estimate for Sangoma Technologies' current full-year earnings is ($0.18) per share.

Sangoma Technologies (NASDAQ:SANG - Get Free Report) last announced its quarterly earnings data on Wednesday, September 17th. The company reported $0.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.01 by $0.01. The company had revenue of $59.36 million for the quarter, compared to analysts' expectations 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 Trading Down 13.7%

NASDAQ SANG opened at $5.22 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.87 and a quick ratio of 0.69. The business has a 50 day simple moving average of $5.78 and a 200 day simple moving average of $5.48. Sangoma Technologies has a one year low of $4.08 and a one year high of $7.99. The stock has a market capitalization of $173.51 million, a P/E ratio of -34.80 and a beta of 1.38.

Hedge Funds Weigh In On Sangoma Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Citadel Advisors LLC bought a new position in shares of Sangoma Technologies in the 4th quarter worth approximately $86,000. Bank of America Corp DE lifted its position in shares of Sangoma Technologies by 198.4% in the fourth quarter. Bank of America Corp DE now owns 18,200 shares of the company's stock worth $130,000 after buying an additional 12,100 shares in the last quarter. National Bank of Canada FI increased its stake in Sangoma Technologies by 17.5% during the first 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 during the last quarter. Acadian Asset Management LLC grew its stake in shares of 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 last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Sangoma Technologies by 33.1% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 286,833 shares of the company's stock valued at $1,294,000 after purchasing an additional 71,300 shares during the period. 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.

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