Sangoma Technologies (NASDAQ:SANG) Posts Quarterly Earnings Results, Beats Expectations By $0.01 EPS

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) released its quarterly earnings data on Wednesday. The company reported $0.02 earnings per share for the quarter, topping analysts' consensus estimates of $0.01 by $0.01, Zacks reports. The company had revenue of $59.36 million for 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 updated its FY 2026 guidance to EPS.

Sangoma Technologies Trading Down 1.4%

NASDAQ SANG traded down $0.08 on Friday, reaching $5.15. 9,036 shares of the company were exchanged, compared to its average volume of 7,672. The business's fifty day moving average price is $5.78 and its 200 day moving average price is $5.48. The stock has a market capitalization of $171.02 million, a P/E ratio of -34.30 and a beta of 1.38. The company has a current ratio of 0.87, a quick ratio of 0.69 and a debt-to-equity ratio of 0.16. Sangoma Technologies has a fifty-two week low of $4.08 and a fifty-two week high of $7.99.

Institutional Investors Weigh In On Sangoma Technologies

A hedge fund recently raised its stake in Sangoma Technologies stock. Acadian Asset Management LLC boosted its stake in shares of Sangoma Technologies Corporation (NASDAQ:SANG - Free Report) by 51.7% during the 1st quarter, according to the company in its most recent 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 quarter. Acadian Asset Management LLC owned approximately 0.54% of Sangoma Technologies worth $809,000 as of its most recent SEC filing. Institutional investors and hedge funds own 39.65% of the company's stock.

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.