Sangoma Technologies (TSE:STC) Price Target Cut to C$10.00 by Analysts at Stifel Nicolaus

Sangoma Technologies (TSE:STC) had its price objective reduced by Stifel Nicolaus from C$12.00 to C$10.00 in a research note issued to investors on Thursday,BayStreet.CA reports. They currently have a buy rating on the stock.

Sangoma Technologies Price Performance

Shares of TSE:STC opened at C$6.38 on Thursday. The company’s fifty day moving average price is C$6.90 and its 200-day moving average price is C$7.29. The company has a debt-to-equity ratio of 27.33, a current ratio of 0.86 and a quick ratio of 0.69. The firm has a market capitalization of C$211.43 million, a price-to-earnings ratio of -39.88 and a beta of 1.09. Sangoma Technologies has a one year low of C$5.80 and a one year high of C$9.85.

Sangoma Technologies (TSE:STC) last posted its quarterly earnings data on Monday, November 10th. The company reported C($0.07) earnings per share (EPS) for the quarter. The company had revenue of C$70.76 million for the quarter. Sangoma Technologies had a negative return on equity of 2.61% and a negative net margin of 2.81%. On average, equities research analysts anticipate that Sangoma Technologies will post 0.01 earnings per share for the current fiscal year.

Sangoma Technologies Company Profile

Sangoma (TSX: STC; Nasdaq: SANG) is a leading business communications platform provider with solutions that include its award-winning UCaaS, CCaaS, CPaaS, and Trunking technologies. The enterprise-grade communications suite is developed in-house; available for cloud, hybrid, or on-premises deployments. Additionally, Sangoma’s integrated approach provides managed services for connectivity, network, and security. A trusted communications partner with over 40 years on the market, Sangoma has over 2.7 million UC seats across a diversified base of over 100,000 customers.