Sangoma Technologies (NASDAQ:SANG) Announces 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) posted its quarterly earnings results on Wednesday. The company reported $0.02 earnings per share (EPS) 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 the consensus estimate of $58.58 million. Sangoma Technologies had a negative net margin of 2.12% and a negative return on equity of 1.73%. Sangoma Technologies updated its FY 2026 guidance to EPS.

Sangoma Technologies Stock Down 1.0%

Shares of Sangoma Technologies stock traded down $0.05 on Friday, hitting $5.17. 10,351 shares of the company traded hands, compared to its average volume of 14,166. The company has a market cap of $171.85 million, a PE ratio of -34.47 and a beta of 1.38. The company has a quick ratio of 0.70, a current ratio of 0.86 and a debt-to-equity ratio of 0.13. Sangoma Technologies has a 12-month low of $4.08 and a 12-month high of $7.99. The company has a 50-day moving average price of $5.76 and a 200 day moving average price of $5.49.

Institutional Trading of Sangoma Technologies

A hedge fund recently raised its stake in Sangoma Technologies stock. Ewing Morris & Co. Investment Partners Ltd. increased its stake in shares of Sangoma Technologies Corporation (NASDAQ:SANG - Free Report) by 3.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 472,554 shares of the company's stock after buying an additional 14,397 shares during the quarter. Sangoma Technologies accounts for about 1.3% of Ewing Morris & Co. Investment Partners Ltd.'s investment portfolio, making the stock its 26th largest position. Ewing Morris & Co. Investment Partners Ltd. owned 1.42% of Sangoma Technologies worth $2,923,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 39.65% of the stock is owned by institutional investors and hedge funds.

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.