Sangoma Technologies (STC – Research Report) has received a rating update from a Wall Street analyst yesterday. Analyst Michael Latimore from Northland Securities remains bullish on the stock and has a $6.00 price target.
According to TipRanks.com, Latimore is a 5-star analyst with an average return of 13.9% and a 46.1% 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.
Currently, the analyst consensus on Sangoma Technologies is a Moderate Buy with an average price target of C$6.04.
Sangoma Technologies’ market cap is currently C$126.8M and has a P/E ratio of -3.17.
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 Friday at C$3.70.
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