Tue Sep 17 06:13:03 UTC 2024: ## Sangoma Technologies Sees Improved Earnings Outlook, Cormark Raises FY2024 EPS Estimate

**Toronto, Canada – September 17, 2024** – Sangoma Technologies Co. (CVE: STC) received a positive outlook adjustment from Cormark, a leading financial services firm. Analyst G. Fairweather revised their FY2024 earnings per share (EPS) estimate upwards to ($0.27) from their previous forecast of ($0.28). This upward revision comes despite a consensus estimate of $0.01 per share for Sangoma Technologies’ full-year earnings.

Cormark also provided estimates for Sangoma’s Q4 2024 earnings at ($0.04) EPS and FY2025 earnings at ($0.08) EPS.

Sangoma Technologies, a global leader in voice and data connectivity components for software-based communication applications, opened trading on Monday at C$3.99. The company’s 50-day and 200-day moving averages are both at C$3.99, with a 52-week low of C$2.53 and a high of C$5.50. Sangoma boasts a market capitalization of C$531.28 million and a PE ratio of 997.50.

Despite the positive outlook from Cormark, investors are advised to exercise caution as the company currently faces a high debt-to-equity ratio of 23.80. However, the company’s strong liquidity position, reflected in a quick ratio of 0.69 and a current ratio of 0.97, suggests a solid foundation for future growth.

**About Sangoma Technologies:** Sangoma Technologies develops, manufactures, distributes, and supports voice and data connectivity components for software-based communication applications worldwide. The company offers a wide range of products and services, including Switchvox, PBXact, IP phones, gateways, and cloud-based solutions.

**Disclaimer:** This news article is based on information publicly available as of September 17, 2024. Readers are advised to conduct their own independent research and due diligence before making any investment decisions.

Read More