Sangoma Technologies Co. (CVE:STC) – Analysts at Cormark reduced their FY2021 earnings estimates for shares of Sangoma Technologies in a research note issued to investors on Thursday, June 25th. Cormark analyst G. Fairweather now forecasts that the company will earn $0.13 per share for the year, down from their prior estimate of $0.16.
Sangoma Technologies (CVE:STC) last issued its quarterly earnings data on Wednesday, May 27th. The company reported C$0.02 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of C$0.02. The business had revenue of C$36.31 million for the quarter, compared to analyst estimates of C$35.55 million.
Separately, Pi Financial reaffirmed a “buy” rating and issued a C$2.70 price objective on shares of Sangoma Technologies in a research note on Tuesday, May 26th.
CVE STC opened at C$2.29 on Monday. The company’s 50 day moving average is C$2.13 and its 200-day moving average is C$2.12. The company has a quick ratio of 0.58, a current ratio of 0.98 and a debt-to-equity ratio of 87.64. The firm has a market cap of $161.88 million and a P/E ratio of 52.05. Sangoma Technologies has a 12-month low of C$1.08 and a 12-month high of C$2.75.
In other news, Senior Officer David Sidney Moore sold 83,000 shares of the firm’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of C$2.20, for a total transaction of C$182,600.00. Following the sale, the insider now owns 174,258 shares of the company’s stock, valued at approximately C$383,367.60. Also, Director David Mandelstam sold 12,900 shares of the firm’s stock in a transaction dated Friday, June 26th. The shares were sold at an average price of C$2.25, for a total transaction of C$29,025.00. Following the sale, the director now directly owns 3,764,393 shares in the company, valued at approximately C$8,469,884.25. Insiders have sold a total of 236,100 shares of company stock worth $522,875 over the last three months.
Sangoma Technologies Company Profile
Sangoma Technologies Corporation develops, manufactures, distributes, and supports voice and data connectivity components for software-based communication applications worldwide. It offers private branch exchange (PBX) platforms, including PBXact Cloud, a cloud based business communication platform; PBXact, an on-premise PBX phone systems; PBXact SaaS, software as a service; and FreePBX.
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