Cormark Predicts Reduced Earnings for Sangoma Technologies

Sangoma Technologies Corporation (NASDAQ:SANG) – Stock analysts at Cormark reduced their FY2026 earnings per share estimates for shares of Sangoma Technologies in a report issued on Thursday, September 18th. Cormark analyst G. Fairweather now anticipates that the company will post earnings per share of ($0.22) for the year, down from their prior estimate of ($0.05). The consensus estimate for Sangoma Technologies’ current full-year earnings is ($0.18) per share. Cormark also issued estimates for Sangoma Technologies’ FY2027 earnings at ($0.06) EPS.

Sangoma Technologies Trading Down 1.0%

SANG opened at $5.17 on Monday. The stock’s fifty day moving average is $5.76 and its two-hundred day moving average is $5.49. The company has a market capitalization of $171.85 million, a P/E ratio of -34.47 and a beta of 1.38. Sangoma Technologies has a 52 week low of $4.08 and a 52 week high of $7.99. 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 (NASDAQ:SANG) last issued its quarterly earnings results on Wednesday, September 17th. The company reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.01. The firm had revenue of $59.36 million during 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 has set its FY 2026 guidance at EPS.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of SANG. Intact Investment Management Inc. increased its holdings in Sangoma Technologies by 99.4% during the 1st quarter. Intact Investment Management Inc. now owns 551,525 shares of the company’s stock worth $2,488,000 after purchasing an additional 274,925 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its holdings in Sangoma Technologies by 33.1% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 286,833 shares of the company’s stock worth $1,294,000 after purchasing an additional 71,300 shares during the period. Acadian Asset Management LLC increased its holdings in Sangoma Technologies by 51.7% during the 1st quarter. Acadian Asset Management LLC now owns 181,800 shares of the company’s stock worth $809,000 after purchasing an additional 61,951 shares during the period. Ewing Morris & Co. Investment Partners Ltd. increased its holdings in Sangoma Technologies by 3.1% during the 2nd quarter. Ewing Morris & Co. Investment Partners Ltd. now owns 472,554 shares of the company’s stock worth $2,923,000 after purchasing an additional 14,397 shares during the period. Finally, National Bank of Canada FI increased its holdings in Sangoma Technologies by 17.5% during the 1st quarter. National Bank of Canada FI now owns 87,982 shares of the company’s stock worth $388,000 after purchasing an additional 13,127 shares during the period. 39.65% of the stock is currently owned by hedge funds and other institutional investors.

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.