Sangoma Technologies (NASDAQ:SANG) Issues Earnings Results, Hits Expectations

Sangoma Technologies (NASDAQ:SANG - Get Free Report) released its earnings results on Thursday, May 8th. The company reported ($0.03) EPS for the quarter, meeting the consensus estimate of ($0.03), Zacks reports. The firm had revenue of $58.07 million for the quarter, compared to analyst estimates of $58.92 million. Sangoma Technologies had a negative net margin of 2.81% and a negative return on equity of 2.61%. Sangoma Technologies updated its FY 2025 guidance to EPS.

Sangoma Technologies Stock Down 2.6%

NASDAQ:SANG traded down $0.16 on Thursday, reaching $5.88. 313 shares of the stock traded hands, compared to its average volume of 7,924. The company's fifty day simple moving average is $4.93 and its 200 day simple moving average is $5.97. The company has a current ratio of 0.86, a quick ratio of 0.63 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $197.73 million, a price-to-earnings ratio of -28.00 and a beta of 1.41. Sangoma Technologies has a 12 month low of $4.08 and a 12 month high of $7.99.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. TD Securities reduced their target price on shares of Sangoma Technologies from $14.00 to $11.00 and set a "buy" rating for the company in a research note on Wednesday, April 30th. Stifel Canada raised shares of Sangoma Technologies to a "strong-buy" rating in a report on Monday.

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.