Sangoma Technologies Co. Expected to Post FY2022 Earnings of ($0.51) Per Share (NASDAQ:SANG) – MarketBeat
Sign up for MarketBeat All Access to gain access to MarketBeat’s full suite of research tools:
Sangoma Technologies Co. (NASDAQ:SANG – Get Rating) – Equities researchers at William Blair issued their FY2022 earnings per share estimates for shares of Sangoma Technologies in a report issued on Thursday, September 22nd. William Blair analyst J. Breen expects that the company will earn ($0.51) per share for the year. William Blair has a “Outperform” rating on the stock. The consensus estimate for Sangoma Technologies’ current full-year earnings is ($0.48) per share. William Blair also issued estimates for Sangoma Technologies’ Q4 2022 earnings at ($0.15) EPS and FY2023 earnings at ($0.47) EPS.
Separately, TD Securities dropped their price objective on Sangoma Technologies from C$25.00 to C$18.50 in a report on Friday.
Sangoma Technologies Stock Performance
Shares of SANG opened at $5.91 on Monday. The stock’s 50-day simple moving average is $8.09 and its 200 day simple moving average is $9.85. The stock has a market capitalization of $131.76 million and a price-to-earnings ratio of -15.97. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.50 and a current ratio of 0.70. Sangoma Technologies has a 52-week low of $5.75 and a 52-week high of $23.10.
Institutional Trading of Sangoma Technologies
Several institutional investors and hedge funds have recently modified their holdings of the business. Bard Associates Inc. raised its holdings in shares of Sangoma Technologies by 47.6% in the 2nd quarter. Bard Associates Inc. now owns 16,828 shares of the company’s stock valued at $139,000 after acquiring an additional 5,425 shares in the last quarter. Avantax Advisory Services Inc. purchased a new stake in shares of Sangoma Technologies in the 2nd quarter valued at about $100,000. National Bank of Canada FI raised its holdings in shares of Sangoma Technologies by 7.6% in the 2nd quarter. National Bank of Canada FI now owns 25,617 shares of the company’s stock valued at $206,000 after acquiring an additional 1,810 shares in the last quarter. CLARET ASSET MANAGEMENT Corp raised its holdings in shares of Sangoma Technologies by 128.5% in the 2nd quarter. CLARET ASSET MANAGEMENT Corp now owns 68,493 shares of the company’s stock valued at $578,000 after acquiring an additional 38,524 shares in the last quarter. Finally, Pembroke Management LTD raised its holdings in shares of Sangoma Technologies by 80.1% in the 2nd quarter. Pembroke Management LTD now owns 1,945,884 shares of the company’s stock valued at $21,171,000 after acquiring an additional 865,406 shares in the last quarter. Hedge funds and other institutional investors own 32.79% of the company’s stock.
About Sangoma Technologies
(Get Rating)
Sangoma Technologies Corporation develops, manufactures, distributes, and supports voice and data connectivity components for software-based communication applications worldwide. The company offers Switchvox, a business phone system; PBXact, a phone system; Internet protocol (IP) phones; service provider and voice over Internet protocol gateways; Switchvox Cloud, a unified communications solution; SIPstation SIP Trunking, a hosted session initiation protocol trunking service; PBXact Cloud, a cloud based private branch exchange service; Asterisk and FreePBX, an open source IP PBX software; and FAXStation, a fax-over-IP solution.
Featured Stories
- Get a free copy of the StockNews.com research report on Sangoma Technologies (SANG)
- Can Caterpillar Claw Higher in a Falling Market?
- Is Dave & Buster’s Immune to High Inflation and Lower Spending?
- Should These 3 Top-Performing Mid-Caps Be On Your Watchlist?
- Will Wall Street’s Enthusiasm About Datadog Lead To Big Gains?
- MarketBeat: Week in Review 9/19 – 9/23
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Sangoma Technologies, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Sangoma Technologies wasn’t on the list.
While Sangoma Technologies currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Complete the form below to receive the latest headlines and analysts’ recommendations for your stocks with our free daily email newsletter:
ETF portfolio manager, Dave Gilreath offers a perspective on “dividend achievers” and why these deserve a role in your portfolio
Sign up for MarketBeat All Access to gain access to MarketBeat’s full suite of research tools:
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat’s trending stocks report.
Identify stocks that meet your criteria using seven unique stock screeners. See what’s happening in the market right now with MarketBeat’s real-time news feed. Export data to Excel for your own analysis.
MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.
Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.
Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.
As Featured By:
MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.
Twitter Facebook StockTwits Financial Juice YouTube
© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | contact@marketbeat.com | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.
Our Accessibility Statement | Terms of Service | Privacy Policy | Do Not Sell My Information | RSS Feeds
© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer.