A Wall Street analyst has provided a review for the Technology company today, but retained the same rating on the stock. The Technology company, Sangoma Technologies (TSX: STC) has just received a rating update from a Wall Street analyst.
According to TipRanks.com, Latimore is a 5-star analyst with an average return of 14.1% and a 46.0% success rate. Latimore covers the Technology sector, focusing on stocks such as Gorilla Technology Group Inc., Evolv Technologies Holdings, and SoundHound AI, Inc Class A.
Sangoma Technologies has an analyst consensus of Moderate Buy, with a price target consensus of C$8.89, which is an 87.2% upside from current levels. In a report issued on September 21, TD Securities also reiterated a Buy rating on the stock with a C$9.50 price target.
The company has a one-year high of C$8.47 and a one-year low of C$4.33. Currently, Sangoma Technologies has an average volume of 18.17K.
Sangoma Technologies Corp is a provider of hardware and software components that enable Internet protocol communications systems for both telecom and datacom applications. It is engaged in the development, manufacturing, distribution, and support of voice and data connectivity components for software-based communication applications. Its product includes Cloud Services, Video Conferencing, Carrier Services, Business Phone Systems, Phones & Devices, and Network Connectivity. The company sells into three major geographic centers: the United States of America, which is the key revenue driver, Canada, and other foreign countries.
The company’s shares closed last Thursday at C$4.55, close to its 52-week low of C$4.33.
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