Sangoma Technologies (SANG) Set to Announce Earnings on Monday – MarketBeat
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Sangoma Technologies (NASDAQ:SANG – Get Rating) is scheduled to post its quarterly earnings results after the market closes on Monday, September 26th. Analysts expect Sangoma Technologies to post earnings of ($0.12) per share for the quarter.
Sangoma Technologies Stock Performance
Shares of SANG opened at $5.91 on Friday. The company has a 50-day simple moving average of $8.09 and a 200-day simple moving average of $9.88. The company has a quick ratio of 0.50, a current ratio of 0.70 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $131.73 million and a PE ratio of -15.97. Sangoma Technologies has a 52-week low of $5.75 and a 52-week high of $23.10.
Analysts Set New Price Targets
A number of equities analysts have recently issued reports on the stock. TD Securities cut their price target on shares of Sangoma Technologies from C$25.00 to C$18.50 in a report on Friday. William Blair initiated coverage on shares of Sangoma Technologies in a report on Thursday. They set an “outperform” rating for the company.
Hedge Funds Weigh In On Sangoma Technologies
Hedge funds have recently added to or reduced their stakes in the business. HighTower Advisors LLC purchased a new stake in shares of Sangoma Technologies during the first quarter worth about $303,000. Royal Bank of Canada grew its holdings in shares of Sangoma Technologies by 10.3% during the first quarter. Royal Bank of Canada now owns 100,861 shares of the company’s stock worth $1,438,000 after buying an additional 9,401 shares in the last quarter. Finally, PenderFund Capital Management Ltd. grew its holdings in shares of Sangoma Technologies by 20.2% during the first quarter. PenderFund Capital Management Ltd. now owns 1,685,400 shares of the company’s stock worth $29,966,000 after buying an additional 283,430 shares in the last quarter. 32.79% of the stock is currently owned by hedge funds and other institutional investors.
Sangoma Technologies Company Profile
(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.
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