Sangoma Technologies (NASDAQ:SANG) Posts Earnings Results, Misses Expectations By $0.01 EPS

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

Sangoma Technologies Stock Performance

Shares of Sangoma Technologies stock traded up $0.04 on Monday, hitting $3.59. 44,562 shares of the company’s stock were exchanged, compared to its average volume of 6,319. Sangoma Technologies has a 1 year low of $3.40 and a 1 year high of $5.41. The company has a 50-day simple moving average of $3.88 and a 200-day simple moving average of $3.94. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.74 and a current ratio of 0.90. The stock has a market capitalization of $119.48 million, a PE ratio of -18.89 and a beta of 1.27.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on SANG shares. Weiss Ratings upgraded Sangoma Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research note 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 analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Sangoma Technologies has a consensus rating of “Hold” and an average target price 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.