Cormark Equities Analysts Boost Earnings Estimates for Sangoma Technologies Co. (CVE:STC)

Sangoma Technologies Co. (CVE:STC) – Stock analysts at Cormark boosted their FY2024 earnings per share (EPS) estimates for shares of Sangoma Technologies in a note issued to investors on Thursday, September 12th. Cormark analyst G. Fairweather now anticipates that the company will post earnings per share of ($0.27) for the year, up from their prior estimate of ($0.28). The consensus estimate for Sangoma Technologies’ current full-year earnings is $0.01 per share. Cormark also issued estimates for Sangoma Technologies’ Q4 2024 earnings at ($0.04) EPS and FY2025 earnings at ($0.08) EPS.

Sangoma Technologies Stock Performance

Shares of STC opened at C$3.99 on Monday. The stock has a 50-day moving average of C$3.99 and a 200-day moving average of C$3.99. The company has a market cap of C$531.28 million and a PE ratio of 997.50. The company has a debt-to-equity ratio of 23.80, a current ratio of 0.97 and a quick ratio of 0.69. Sangoma Technologies has a one year low of C$2.53 and a one year high of C$5.50.

Insider Activity

In related news, Senior Officer Nenad Corbic sold 3,500 shares of the company’s stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of C$7.23, for a total transaction of C$25,291.00.

Sangoma Technologies Company Profile

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; and FAXStation, a fax-over-IP solution.