Stifel Nicolaus Sticks to Its Buy Rating for Sangoma Technologies (STC)
Stifel Nicolaus analyst Suthan Sukumar maintained a Buy rating on Sangoma Technologies today and set a price target of C$12.00.
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Sukumar covers the Technology sector, focusing on stocks such as Sangoma Technologies, CGI, and Kinaxis Inc. According to TipRanks, Sukumar has an average return of -5.5% and a 39.71% success rate on recommended stocks.
Sangoma Technologies has an analyst consensus of Moderate Buy, with a price target consensus of C$12.00.
Based on Sangoma Technologies’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of C$59.11 million and a GAAP net loss of C$1.88 million. In comparison, last year the company earned a revenue of C$60.15 million and had a GAAP net loss of C$1.91 million
Based on the recent corporate insider activity of 22 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of STC in relation to earlier this year.
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