Stifel Nicolaus Lowers Sangoma Technologies (TSE:STC) Price Target to C$10.00

Sangoma Technologies (TSE:STC) had its target price cut by equities research analysts at Stifel Nicolaus from C$12.00 to C$10.00 in a research report issued on Thursday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ price objective would indicate a potential upside of 56.74% from the stock’s previous close.

Sangoma Technologies Price Performance

STC stock opened at C$6.38 on Thursday. The business has a 50 day moving average price of C$6.88 and a 200 day moving average price of C$7.28. The company has a quick ratio of 0.69, a current ratio of 0.86 and a debt-to-equity ratio of 27.33. The stock has a market cap of C$211.92 million, a price-to-earnings ratio of -37.53 and a beta of 1.09. Sangoma Technologies has a fifty-two week low of C$5.80 and a fifty-two week high of C$9.30.

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