TD Lowers Sangoma Technologies (TSE:STC) Price Target to C$8.00

Sangoma Technologies (TSE:STC) had its target price lowered by equities research analysts at TD from C$10.00 to C$8.00 in a note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD’s price objective indicates a potential upside of 62.93% from the stock’s previous close.

Separately, Stifel Nicolaus decreased their price objective on Sangoma Technologies from C$12.00 to C$10.00 and set a “buy” rating for the company in a report on Thursday, February 5th. Five investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of C$9.70.

Sangoma Technologies Stock Performance

Shares of STC stock opened at C$4.91 on Thursday. Sangoma Technologies has a 12-month low of C$4.71 and a 12-month high of C$8.80. The firm has a market capitalization of C$163.10 million, a price-to-earnings ratio of -28.88 and a beta of 1.17. The business has a 50 day simple moving average of C$5.74 and a 200 day simple moving average of C$6.46. The company has a debt-to-equity ratio of 15.99, a current ratio of 0.90 and a quick ratio of 0.69.

Sangoma Technologies (TSE:STC) last issued its quarterly earnings data on Wednesday, May 13th. The company reported C($0.10) earnings per share (EPS) for the quarter. Sangoma Technologies had a negative return on equity of 3.18% and a negative net margin of 3.66%.The business had revenue of C$70.90 million during the quarter. On average, equities research analysts anticipate that Sangoma Technologies will post 0.01 EPS for the current year.

About Sangoma Technologies

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.