Stifel Canada Upgrades Sangoma Technologies (NASDAQ:SANG) to Strong-Buy

Stifel Canada upgraded shares of Sangoma Technologies (NASDAQ:SANG - Free Report) to a strong-buy rating in a research note issued to investors on Monday, May 12th,Zacks.com reports. Stifel Canada also issued estimates for Sangoma Technologies' Q4 2025 earnings at $0.02 EPS, FY2025 earnings at ($0.14) EPS, FY2026 earnings at $0.39 EPS and FY2027 earnings at $0.63 EPS.

Separately, TD Securities lowered their target price on Sangoma Technologies from $14.00 to $11.00 and set a "buy" rating for the company in a report on Wednesday, April 30th.

Sangoma Technologies Price Performance

Shares of Sangoma Technologies stock traded up $0.13 during midday trading on Monday, hitting $5.79. 4,279 shares of the company traded hands, compared to its average volume of 7,978. The firm's fifty day moving average price is $5.00 and its 200-day moving average price is $5.96. The stock has a market cap of $194.57 million, a price-to-earnings ratio of -27.64 and a beta of 1.41. Sangoma Technologies has a 12 month low of $4.08 and a 12 month high of $7.99. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.63 and a current ratio of 0.86.

Sangoma Technologies (NASDAQ:SANG - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported ($0.03) earnings per share for the quarter, hitting analysts' consensus estimates of ($0.03). Sangoma Technologies had a negative net margin of 2.81% and a negative return on equity of 2.61%. The firm had revenue of $58.07 million for the quarter, compared to analysts' expectations of $58.92 million. As a group, sell-side analysts forecast that Sangoma Technologies will post -0.18 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Alberta Investment Management Corp increased its position in Sangoma Technologies by 11.9% in the 4th quarter. Alberta Investment Management Corp now owns 1,204,274 shares of the company's stock valued at $8,373,000 after acquiring an additional 127,808 shares during the period. Intact Investment Management Inc. raised its position in shares of Sangoma Technologies by 99.4% during the first quarter. Intact Investment Management Inc. now owns 551,525 shares of the company's stock worth $2,488,000 after acquiring an additional 274,925 shares during the last quarter. Ewing Morris & Co. Investment Partners Ltd. acquired a new position in shares of Sangoma Technologies in the fourth quarter worth approximately $3,420,000. TD Waterhouse Canada Inc. lifted its stake in shares of Sangoma Technologies by 1.2% in the fourth quarter. TD Waterhouse Canada Inc. now owns 472,027 shares of the company's stock worth $3,232,000 after acquiring an additional 5,558 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in 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 acquiring an additional 71,300 shares during the last quarter. Institutional investors own 39.65% of the company's stock.

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.