Sangoma Technologies (NASDAQ:SANG) Announces Quarterly Earnings Results

Sangoma Technologies (NASDAQ:SANG) released its quarterly earnings results on Monday. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.01), Zacks reports. Sangoma Technologies had a negative return on equity of 2.26% and a negative net margin of 3.04%.

Sangoma Technologies Stock Up 1.1%

NASDAQ:SANG traded up $0.04 during trading hours on Monday, hitting $3.59. The company’s stock had a trading volume of 45,964 shares, compared to its average volume of 6,330. Sangoma Technologies has a 52-week low of $3.40 and a 52-week high of $5.41. The company has a current ratio of 0.90, a quick ratio of 0.74 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $119.48 million, a P/E ratio of -18.89 and a beta of 1.27. The stock has a fifty day moving average of $3.88 and a 200-day moving average of $3.94.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on SANG. Weiss Ratings upgraded shares of Sangoma Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, August 17th. Zacks Research raised Sangoma Technologies from a “strong sell” rating to a “hold” rating in a report on Monday, August 3rd. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Sangoma Technologies currently has an average rating of “Hold” and an average price target of $4.00.

About Sangoma Technologies

Sangoma Technologies Corporation (NASDAQ: SANG) provides business communications software, cloud services, hardware and related connectivity solutions. Its offerings are designed to help organizations manage voice, video, messaging, collaboration and customer interactions through integrated communications platforms.

The company’s products and services include unified communications as a service, contact center solutions, business phone systems, SIP trunking, video conferencing, communications platform as a service, SD-WAN and managed network services.