Sangoma Technologies (NASDAQ:SANG) Announces Quarterly Earnings Results

Key Points

• Sangoma Technologies reported quarterly earnings per share (EPS) of $0.02, surpassing analysts' expectations of $0.01, despite a negative net margin of 2.91%.
• The company's stock rose 2.9% to $6.05 following the earnings announcement, with a trading volume significantly above its average.
• Acadian Asset Management increased its stake in Sangoma Technologies by 51.7%, now holding approximately 39.65% of the stock, indicating growing institutional interest.

Sangoma Technologies (NASDAQ:SANG - Get Free Report) issued its earnings results on Wednesday. The company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.01, Zacks reports. Sangoma Technologies had a negative net margin of 2.12% and a negative return on equity of 1.73%. The firm had revenue of $59.36 million during the quarter, compared to analysts' expectations of $58.58 million. Sangoma Technologies updated its FY 2026 guidance to EPS.

Sangoma Technologies Price Performance

Shares of NASDAQ SANG traded down $0.05 during trading on Friday, hitting $5.17. The company had a trading volume of 10,351 shares, compared to its average volume of 13,666. The stock has a fifty day simple moving average of $5.76 and a two-hundred day simple moving average of $5.48. Sangoma Technologies has a fifty-two week low of $4.08 and a fifty-two week high of $7.99. The firm has a market capitalization of $171.85 million, a price-to-earnings ratio of -34.47 and a beta of 1.38. The company has a quick ratio of 0.69, a current ratio of 0.86 and a debt-to-equity ratio of 0.13.

Hedge Funds Weigh In On Sangoma Technologies

An institutional investor recently raised its position in Sangoma Technologies stock. Acadian Asset Management LLC boosted its position in shares of Sangoma Technologies Corporation (NASDAQ:SANG - Free Report) by 51.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 181,800 shares of the company's stock after purchasing an additional 61,951 shares during the period. Acadian Asset Management LLC owned approximately 0.54% of Sangoma Technologies worth $809,000 at the end of the most recent quarter. 39.65% of the stock is owned by hedge funds and other institutional investors.

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